The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-01-04


or shrunk from the aonseuucnccs of his
act. and said that if he was to be the
standard bearer OF his; party In the
next cnmlaign. he would stand uron
the doctrine that IL was the duty of
the American Congress 10 prohihi, i'm
rortattons In order To give increased
prices 10 American manufactures. lie
asserted that the present unhappy con
dition Of afruirs had come before the
Incoming of the Democratic admins
tration and he recalled the fac, that Mr..
Foster. when Secretary of ,br .rrr,s,
ury. torcsceing deficit had sought TO
nave provision FOR the sale of = pcr
cent. bonds Inserted in an ap,roprIn
ton bill: and had gone about calling in
hnth houses. Help mo. Cissiu.. or
SINK. And yet, now. said alr Mills
The Nestor of the RcpuhliCnu ,nr,v
declares for campaign purnns"s 'Ir ih.i
me Drm2cratic party was Responsible
in 1891 FOR consequences which h,,,
their origin in 1890 ''''
AT the close of Mr.. Mill's remarks Mr
Vest upcmD. OF Missouri. asked whni
had become OF MIR. Sherman; r..oi',,
ton and WAS Informed by ihn nro.i,,
inS officer tAlr. Hill In the chair, ,hnt
II hHd gone In the cnlcntar
Mr.. Vest said that he desired Ia sur,l;
upon ii next week. and he. asked ,h,t
1t lie on the table until then ana q
WIS so ordered.
-.
Mr.. Elkins. directing that no bonls
snail be sold at private sale ar ,,n,,n,
nrlNn'" cuntract. was taken I'M ,n,,
Mr. t,lliins addressed the Senat,. in rn
Nor of its adoption
Ali,ioS' All OF Mr.. Elkins' speech was
uircc'rd 10 Il criticism of the onor,noli,
profits made by the syndicate IN un,,
tnE Government bonds, anf h.. nesn,tn,,
On newspaper authority, thai no .,,,'
dicatc which noatcd the las, In,u Iaa
made a profit of $4,000 0O0. anI that thn
syndicate which would uoa, tho Io,r
now pending would make !, r,otit az 60
ou' ,nco The bonds witch w"r" to he sold
III iu3'H per cent were now srlliu. In thn
market. he said. al III. He wanted no
more syndicnteS 10 take Government
loans. He wanted the people To have n
chhnce to take them. II" asked n vote
upon taking UP the resolution for pres
sent consideration. TIL. vote was takon
ana resulted yeas, IS: nays. G.
Mr. Hill moved the reference of The
resolution to the Finance COMMITTEE
~ 10 me propriety of his motion il
struck him that there cOnld lie no uucs.
lion. The subject was alrradr before
the Finance Committee ana was con,
aiderch day by day. The resolution
woulc be of no legal avail. 1t would he
Ike the Pope's bull on the comet. 1t
merely declared that so and 50 was the
sense of the Senate
Mr.. liill declared that if he were Set
rotary of the Treasury Er would not M
hamnered by the t:lkins resolution. Lat
would proceed under the law Of lSn. and
would issue bonds SufIcicut in amount.
n heroic remedy he ahmitted-ror ;hc
purpose of solving the uursti,, 10
would issue bonds To .hr amount Of
$500. .000,0h0 and thus obtain vnn,rol uf
the financial situa,ion Tha, you'll
prevent the syphoninG Of gold cut Of
the Treasury
course upon the prices of cotton ara
wheat" Mr. George ODemD. OF Mi.sis.
sippi. asked.
''Tcmporaril,'" MIR Iil rcpiicd "it
might dcpress prices. but If the cxlst-
ing situation continues. these prices Will
continue 10 be- depressed. as they arc
now"
In conclusion, he declared that If the
resolution We're agreed 10 he did no,
believe that the President would nay
the slightest attention To it; and he
ought not to. Tho Presidents duty wac
10 be determined by The stntu,cs--,,
by resolution of one house of ,.nu-
grcss. and by the condition Of The Tr.os.
utE. The President could not fan back
and iustiI! himeclf on the ground 1hut
the Scra'" had said by simple rnsn-
luton that the bonds should no, hr dis
posed in certain way.
Mr.. Butler NopD. of North Carolinn
moved 70 amend the illkinS resolution,
ny making II read that il is the sens.
OF III" Scna'r that hereafter no bunas
OF III" United States shall be sold for
any rnrn0*r whatever without further
authority from Congress-"
MIR. Chiffon DcmD. of Tc"a. also
moved 10 amend il by making il read
"ilHt il is the sense Of the senate Tim,
II" further iSsuc uf the bonds to prncu,,
gold to redeem United States no,rs. ar
Treasury notes. shall he made b, th,
Secretary Of the Treasury either ly
public advertisement private sale or
otherwise"
y colloquy cnsued between MIR I'm
and Mr. Ilawley in regard to the illeli-
hood q! a free cuiNG"" Of silver amIll-
mcnt being reported to the Senate from
the Commiit"" an Finance. ana MI.
iiawlcy asked. shall we throw aside
The House hill and vote y free. col,
age Of silver bill. which. whether ,iab,
or wrong. would discrcdit us in all ,h,.
markets Of the world"
THAT is n different subject. !" was Mir
llilfa only reply.
That" said Mr.. Hawiey." is subiec,
which we will have before us next Tues
day"
- should very much regret" aIr. hin
said iii the Finance Committee should
next week substitute for the House
bond bin a free coinage bill"
II ann GLAD 10 hear it," MIR. nawlcv
remarked In tone expressing mix
ture Of relief and surprise.
"lIoes The senator" SIR Hill asked.
anticipate that that will haprcn?"
Il ann very much afraid of it," Mr..
! l.It laN- afNli i.l