The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-16
sennte Prnceedings.

WASHINGTON, Jan. fisherman
secured the floor shortly after the ses-
sion began today and presented an
adverse report on the bill providing
against citizens of the United States
accepting titles, decorations, ETC., from
foreign nations. Sherman said there
appeared to be no need for the pro-
posed legislation Consideration of the
bill was indefinitely postponed.
Sherman reported favorabIy the
joint resolution appropriating $50, 900
for the expenses of the commission
engaged in fixing the boundary be-
tween Alaska and British America
along the 141st meridian, west longi-
tude. There was some objection to inn
mediate consideration, but on Sher-
mans statement that the commission
now at work would have to suspend
operations unless appropriation was
given, the resolution was passed.
Mills CTeX) took the floor in support
of his resolution introduced yesterday
concerning silver, bonds, etc He spoke
eXtemporaneously and received close
attention. He first drew attention to
long continued antagonism to silver
and present locking up of accumulated
silver in the treasury vault, due, he
said, to that powerful influence in this
country which claimed the prerogative
of issuing money should be given to
corporations, to expand and contract
as they pleased. The national bank
idea was not a Democratic idea; Dem
ocratic policy favored the retention by
the government and people of the
I IL,
showed the contractions and eXpan-
sions of circulation made by the banks
and said this system was now to be
perpetuated by further issues of bonds.
Wherever the verdict of the people
had been taken it had been in favor of
the legal tender notes. The people had
always stood against bonds and bank
circulation.
Let any party said Mr. Mills,
'dare to go before the country in the
coming contest with a plain declara-
ton favoring a bonded debt and bank
circulation, and when the campaign is
over that party will need the services
Of f1rst-class undertaken
| He differed from the president on
! this subject and he regretted it But
| this was a country of free discussion,
and the difference with the president
| and the secretary of the treasury ex-
/ listed in spite of high personal regard
for them. The president wanted more
bonds added to the peoples burden
and imposing this burden on our child
rem and our childrens children.
| Mr.. Gray asked if NTr. Mills believed
in notes which were never redeemed !;
! in short, in fiat money
Mr.. Mills rejected the idea that legal
| tender notes were fiat and explained
| the theory of fiat money Why did not
our distinguished secretary of the
! treasury, asked Mr.. Mills, when the
! bank conspiracy began, say to these
gentlemen, now show your cards and
7 will pay you in silver. If the secre-
! tary had coined the silver in the treas
ury and paid it for current expenses
! there would have been no deficit. The
| presidents bond issues were futile 1t
was like pouring water through a
sieve. The hundred million issue a
| few days hence would be followed by
another hundred millions in a few
months. The presidents language con-
corning the finances sounded like the
| statements of Jay Cooke when he adj
vocated national debts as national
/ blessings.
This bank power threatened to WELD
a controlling power in the senate, the
house of representatives, the executive
| branches and the United States su-
preme court. This last branch had
grown so powerful that it could almost
decree monarchy in the United States.
| That would be no more absurd than
| the decision against the income tax,
/ overruling the decisions of a hundred
! years
The senator closed with a strong ex-
preston of his purpose to, at all times,
resist the growing influence Of the bank
! power
The silver bond bill was taken up at
! 2 o'clock and Mr.. PETER Pop., Kan.)
addressed the senate. He said that the
I speech of Mr. Mills had at last just
! fed the Populist party.
1--WE have the remarkable specta-
cIe," said Mr.. PETER, "of a Democratic
senator holding a distinguished place
in his party, arraigning and denounc-
| ing the policy of the president, which
this party brought into power
Mr.. PETER urged in particular the
repeal of all laws authorizing the issue
Of bonds.
He yielded the floor to permit Mr..
Pugh Dem., Ala.) to offer a resolution
similar in text to the resolution his
/ torically known as the Stanley Mat