Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-01-04

a
Mr.. Sherman's speech, which had
been anticipated with much interest for
some time, initiated the financial dis
cussion. The veteran Senator was n
good voice. and his speech was closely
followed through. This, however, was
was merely a prelude to an unexpected
financial controversy, vigorous and per
sonal N character.
Mr.. Elkins. Of West Virginia, sought
to secure an Immediate vote on his res
oIution directing that all bond issues be
advertised and the bonds offered to the
public
Mr.. Hill attempted to have the resolu-
ton referred to the committee. but on
a roll call the vote was Overwhelming
in favor Of proceeding with the Ques-
ton. Only six negative votes were cast,
VIZ: Chiffon, Caffery Hill, Mitchell, OF
Wisconsin, Murphy and Brice.
Mr.. Hill spoke vigorously against the
resolution. He asserted that Mr. Sher-
man. when Secretary of the Treasury,
had made bond contracts with New
York syndicates similar to the one now
assailed. This brought on a sharp per-
sonal debate. in which Mr. Hill, Mr..
sherman. Mr.. Hoar, Mr.. Teller and 9th
ers participated
AT $50 the Senate agreed to adjourn,
although the motion carried by a bare
majority Of one.
During the day Mr. Morrill,, from the
Finance Committee. reported that the
.ar.ff and bond bills would be ready
on Tuesday, to which day the Senate
adjourned.
The presence Of many holiday visi-
tors at the national capitol was shown
by well filed Senate galleries in which
COLLEGE GIRLS
and university men were well repre-
sented Mr.. Sherman, who was an
nounced for a speech on financial af-
fairs. was early at his desk, with a cI
OF manuscript before him.
MI Morrill,, (Rep.. VII chairman of
the Finance Committee made a brief,
but important announcements lie
moved that when the Senate adjourn
it be until Tuesday next and in this
connection he said: Il hope that by
Tuesday when the Senate reassembles
the Finance Committee will be ready
TO report on both The tariff and bond
bills passed by the House; agreed TO.
Mr.. George, (Dem., Miss) asked i'm
mediate consideration for bill repeal
ing the law requiring an oath of loyalty
as a preQuiSite to securing a pension
for service in the Mexican war.
Mr. Hoar rep, Mass) said the re-
peal was unobjectiOnable, whereupon
MIR. Chandler remarked: Il Will GER
tainly support any measure of recon-
ciliatiOn or Cancellation which has the
Joint endorsement of the Senator from
Mississippi and the Senator from Mass
achusetts." The bill was passed with-
out division.
Mir. Butler pop, n. c. asked imme-
diate consideration of a bill Ito pro-
hibil the issue Of interest-bearing
bonds" At Mr.. Hills request the meas
ure was temporarily withdrawn.
The Senate agreed to resolution by
Mr.. Allen (POp.. Neb) calling on the
secretary of the treasury for detailed
information as 10 segregation OF funds
in the treasury and their use for purpO-
ses other than redemption with dates
and circumstances OF such use.
AT 1 o'clock Nr sherman began his
speech on he financial question, read
ing from manuscript and receiving close
attention. Speaker Reed, and Messrs.
Henderson. Dslzell. Walker and other
m ,ers Of the House were on the floor
of the Senate and followed Mr.. Sherman
with close attention.
THE speech WI be found on page p
Mr.. MILLS OEM., TEX)
then took the floor to reply TO Mr. Sher-
man He repealed the charge that the
Flfty-thiri Congress was i'm any way
responsible for Jhe present financial
crisis The burden belonged TO the
Fifty-drst Congress. and Mr.. Sherman
was partly responsible for the leg.sla-
zion OF that Congress. The Democrats
had turned over 10 the Harrison admin
slaIou .n 1889 $230.0C0,C00. How
wes e. ne asked. # the clam that the
Mckinley bin had produced sufficient
revenue was true. that I'm 1898. when
The Democrats again assumed control,
an .ta- surplus was gone consumed
and dss.paJed.
NJ. Mills compared the Mckinley and
the wilson bills The former was en-
titled q bill Ito reduce revenues" " the
latter 10 reduce taxation" And yet,
with he Mckinley act responsible for
the re1uc,.on Of revenues. the cry was
now raised that the Wilson act was re-
spons.hls for the decrease.
Mr.. NILS criticised the double play"
proceeding by the passage IN the House
Of an emergency b.Il' II THIS b.n
passed the Senate as It N ght by P0pu-
list support. It would meet with swift
and sure punishment on the part of the
paonle against those responsible for IT,
Mr.. Sherman's resolution was tsmpOr-
ar.v lad ss.de end that o. Mr. Elk.ns.
RzD.. West V.rg MAJ directing The
q .snosal Of bonds by public sale. was
taken 10.
Mr.. Elk;ns spoke vigorously in rs
support. He referred to the fact that
pe-ty government 0iic.a,s We're COM
PEELED 10 make contracts after adver-
tsement. and yst the Pres dent and
Secretary Of the Treasury were entirely
relieved Of this valuable safeguard.
MR.. ELKINS REVIEWED
the comm. .ss.ons paid for floating loans
during the war 10 show the enormous
extorL0u cf the synd.cates who had