The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-18
DEFENDED DAVIS
Minnesota Senator Says Monroe
Doctrine Should Stand.
BANKER moRsANs NEW CLAIM.
Wants All the Bonds Which
Allottees Have Defaulted.

WASHINGTON, Feb. 1S.-The speech of
resolution, Of which he Is the author,
enunciating the policy OF the United
States on the Monroe doctrine, was the
event OF yesterday In the senate. There
were added interest and significance In
Mr.. Davis utterances, as his resolution
voiced the sentiments OF a majority OF tho
senate committee on foreign relations, Of
which he Is a member.
1t was a matter of observation, said Mr..
Davis, that every year the foreign relations
ofth United StatSs increased In difficulty,
completely and Importance. The closer
the relations OF one government TO another
were, the more natural 10 was that the
question of foreign relations should be-
come one of increasing frequency Of occur
renee and difficulty Of solution.
That fact explained why there were
probably more questions now unsolved
between the United States and Great
Britain than between the United States
and all the other nations OF the world
combined. II must be n matter, he said,
OF congratulation TO everybody that condi-
tons had been ameliorated within tho
last month. IL that amelioration rested on
a basis which did not concede q thing
from the Monroe doctrine, but reoog-
nized and confirmed IL In its entirety, it
would receive the warmest approval Of
the American people.
But IL, on the contrary, 1t was the result
Of any material concession of the princi-
pies announced by President Monroe Ito
which principles the American people
were most warmly attached), that people
would rise up in condemnation of 1t.
The Monroe doctrine, he said, might be
fairly summed up as follows: That the
American continent was not to be con-
sidered as subjects to future colonization
by any European power; that the United
States should consider any attempt on the
part of such powers to extend their system
70 any portion Of the hemisphere as dan
gerous TO the peace and safety of the
United States, and hat any interposition
by a European power for the purpose Of
depressing any OF the people on tho COP
tinent should be considered as the mani-
festation of an u%nfriendly disposition to-
ward the United States.
The DefauIted Bonds.
The question of what disposition shall
be made Of the bonds upon which the al
lottees have defaulted by failing to make
the required payment Of 20 per cent on
receipt Of notice of the acceptance OF their
bids is nov before the secretary OF the
treasury.
The amount OF these defaults has not yet
been ascertained, nor Is IL expected that
the exact amount will be learned before
the last OF the week, whent the reports from
the several sub-treasuries are expected to
be In. 1t is believed, however, that the
bid of William Graves and his associates
of New York city for 1900, 900 at s1l5. 1891
Is by far the largest, and 1t is probable
that the aggregate will not exceed this
amount by more h 81 ,00c, 600 at tho
most.
i. Il. Morgan has filed with Secretary
Carlisle n claim on behalf OF himself and
associates to all defaulted allotments
under his bid OF $l10.6S77, and has de-
posted In the sub-treasury AT New York
sufficient gold TO cover them. The secre-
tary within the last day or two has re-
ceived q number OF offers TO take all bonds
upon which default of payment has been
made at figures considerably In excess of
the Morgan bid, but he is undoubtedly in
clined TO the opinion that unde the terms
OF his circular of Jan. 9 he Is inhibited
from accepting any bids for bonds after
that date, and hence Ii follows that Mr..
Morgan and his associates are very likely
TO get an o considerably in excess
OF their first allotment. The secretary,
however, has not yet made an official de-
cision on this point.
Morton's Friends Are Few.
The agricultural appropriation bill oc-
cupied the attention OF the house. A
great deal Of criticism of Secretary Morton
was INDUCED I'm on both sides of the po-
litical aisle, but aS on Saturday no one
arose TO his defense. At last MIR. Pearson
IN. O. arose and asked II there was not
some member-Democratic, Populist or
Republican-who would raise q voice in
his defense. His question was greeted
with a chorus OF noes from all sides of
the house. An amendment was pending
when the house adjourned, making man
datory the execution of the provision in
the bill for the distribution of seed. 1t is
understood that Mr.. Couzens Oa.) will
offer an amendment directing the secre-
tary of the treasury to withhold the pay
ment of Secretary Morton's salary until
Nhia Vrnyisian xxna NvaatfnI