The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-05-22
POPULIST INPAMY,
Senators Advance the Bill
to Prohibit the Use Of
Government Bonds.
AMOUNTS SToREPUDIATIog
Senator Hill Leads the Fight fot
the National Credit-Rs-
sumption Nullifed.

WASHINGTON, May %, 1Ss6.-As sooa
as the chaplain had closed his opening
prayer, and without even waiting for
the reading of yesterdays Journal, Mr.
Butler Pop., N. c., moved to proceed to
the consideration of his bin prohibiting the
issue OF United States s,onds without the
consent of Congress. Mr.. Sherman
| tRep., Ohio asked unanimous consent TO
take up and pass the '.filled cheese bill,
but Mr.. Butler said that he felt compelled
to object, as that measure would lead to
discussion, and he insisted on his mo-
tion. THAT being such an importans
question:" Mr.. Hill Dem., N. Y.) inter-
posed, sI desire a full Senate, and sug-
gest the absence of a quorum.
The roll was called and 40 Senators ffoun
more than quorum) responded.
The Vice-President stated the question
to be on Mr.. Buffers motion, and the
yeas and nays were demanded
The vote was taken and resulted, yeask
81 nays, 20. So the bill was taken up.
The following is the vote in detaiI:-
Yeas-Messrs. Allen, Bacon. Bata. Berry,
blackburn, Brown, Butler. Chiffon, Cock1
reH, Daniel, Dubois, George, HansbroIghs
Harris, Jones (Ark.), Kyle Martin, Mills.
Mitchell (Ore.), Pasco, PETER, Perkins,
Pettigrew Pritchard, Pugh. Shoup, Stew
art, Teller, Thurston, Turpie, Vest, Ware
Nays-Messrs. Allison Baker. Burrows.
Canery, Chandler, Davis, Frye, Gaiiager
Gray, Hale, Hawley, Hill, Lindsey, Me-
man, Villas and Watmore-20.
Mr.. Hill then addressed the Selate
against the prohibitory bond bin ssMr-
President he said, ''the crime, the all
legged crime, of 1873 is nothing compared
to the crime which will be perpetuated
If this act shall pass the present Congress
and become law.
stripped of all its verbiage, condensed
as it is, 1t is a bold proposition for the
repeal of the resumption act of 1S75; for
the repeal of the only provision of law
that exists for the maintenance or re-
demption of the paper currency Of the
country. 1t does not, in so many words,
repeal the law of 1875; but it is, in effect,
| a repeal Of that law. 1t is a startling
proposition. 1t will not solve the silver
question. 1t will not solve the financial
question. 1t simply embarrasses the Cow
ernment. 1t simply puts in peril the
| finances Of the country. 1t issa measure
in the wrong direction. It was boldly
avowed yesterday by it's author and
1 sponsor as a Populist measure. Let there
| be no n1isnrders tanding about it. It Is
| an avowed PopuhSt measure.
| Il do not believe that there is 8 Sem
ator who believes that 1T can pass the
| House. There is not Senator who
| thinks that President could possibly ap-
prove it. 1t is a measure for an ire
| deemable paper currency. The revenues
| will be soon exhausted by the appr6-
| priation bills which Senators have passed.
| and then there is no solution of the diffi-
| Guilty except by the sale of bonds. We
| cannot refuse to look at the situation
which confronts US. A bill has been pass
| ed (no matter howl which does not real-
| ize sufficient revenue for the support OF
the Government While you draw on
your reserve fund and on your resources
| in the end time will come when that
| will cease. If your revenues are not suf-
| ficient, how are you to provide fund
| with which to keep your paper currency
! afioat?
This bill is nothing more or less than
plain. open, bold reputation. Repudia-
tion is what it means. Dishonor is what
| it means. Degradation of the currency
is what it means. The crime of 1873
pa1es in significance, in comparison with
| the enormity of this contemplated meas>
/ ure."