The record-union., 1896-06-03
emergency tariff bill was again placed


ordered printed with a bill which was
placed on the calendar, and he asked
unanimous consent that Monday, De-
cember 14th next, be fixed for the con-
sideration of the bill, but objection was
made by Pettigrew (Rep) of South
Dakota
The conference report on the Indian
appropriation bill was taken up. and
Villas Oem.) of Wisconsin made some
additional remarks in opposition to
that part of the report which imposes
citizenship on the Indians of the five
civilized tribes.
George Oem) of Mississippi also con-
tinued his speech of yesterday against
the report, and was still speaking, when,
at 1 O'Clock, the morning hour expired
and the bill to prohibit the further is
sUance of interest-bearing bonds with
out the c0n~ent of Congress was laid
before mmittee as the unfinished
business
Brown (Rep) of Utah took the floor
to continue his speech begun yesterday
in support of the bill.
Aldrich (Rep) of Rhode Island moved
TO amend the bill by adding to it these
words: Unless in the case of emer-
of the United States and the Secretary
OF the Treasury, it is necessary to issue
such bonds in accordance with the pro-
visions of the present law to preserve
the public credit or meet obligations
of the United States created by such
existing law which cannot otherwise be
met, and all such bonds when so issued
shall be offered at public sale
Ip1arax
have the resolution offered by him de-
claring further bonds that may be is
sued under the Resumption Act illegal
and void voted on Immediately after the
vote on the bond bill to-day, but OBJ
lection was made, and Brown proceed
ed with his argument in favor of the
bill and in advocacy of the free coinage
of silver.
Cannon, the other Republican Senator
from Utah, criticised somewhat the po-
sition Of his colleague They had voted
differently on the Dingley emergency
bin, which he (Cannon) denounced as
an iniquity and monstrosity He de-
clared that the great beating heart of
the intermountain States was for the
free and unlimited coinage of silver
and took for their leader on that ques-
ton Henry NJ. Teller rather than John
Sherman.
Allison Rep) of Iowa, Chairman of
the Committee on Appropriations, ex-
pressed his regret that so much time
had been occupied in the closing days
Of the session in the discussion of a bill
which 1t was known could not pass at
this session. There was no doubt that
the silver Senators agreed that the
power Of borrowing money rested in
Congress alone and not in the President.
At this point 2:40 p. m, a message
was received from the House announc-
ing the passage Of the river and harbor
bill over the Presidents veto, and Vest
Dem.) of Missouri asked unanimous
consent to have the veto message taken
up for consideration Immediately after
the passage of the bond bill To this.
however, Sherman objected until some
arrangement was made for a vote on
the filled cheese" bill
If the Senator from Ohio" said Vest.
warts to take the responsibility o. OBJ
jecting he can do so; but he will get no
agreement about the filled cheese" bill.
l give notice that l will move to take up
the veto message tomorrow morning"
Allison proceeded with his argument
against the bond bill That bill. he
said, was simply a declaration which
had the effect and purpose only of re-
pealing the existing power given to the
President in the statutes to borrow
money. He said it never was the in
tent of the resumption Act or of any
subsequent statute or Of anybody in
the United States to dispute the mani
fest meaning Of the law, which was.
first, that the greenbacks should be re-
issued, and second, that they had been
redeemed in coin. The law Of 1873 gave
TO the President the power to borrow
money. The experience of the preced-
ing eighteen years had taught the peo-
pie Of the United States that the credit
Of the Government was precious boon.
which ought not to be lightly inter
fered with or lightly trampled upon.
The currency, he argued. must have a
reasonable stability 1t would. there
fore, be apparent to every Senator that
it would be a most unwise and unjust
thing to all the people of the United
States to run the slightest risk Of a re-
lapse into the condition in which the
country labored between 1861 and 1879.
As to the seigniorage from silver. ALI
son allowed that the seigniorage could
only arise after the silver was coined
so that with the present mint capacity
not more than forty or fifty million sill
Yer dollars could be coined in a year:
and thaton that amount the seigniOraee
would be twelve or fifteen millions d
year, and nothing more; so that Sena-
tors We're playing here with the great
question Of the inconvertibility of the
Government paper money. They were
running the hazard Of going back within
thirty days to an inconvertibIe. ire
deemable paper currency. with nothing
behind it except the credit of the Gov
ernment.
The United States, he said. could not
open its mints to the coinage of silver AFT
10 to l without becoming a mono-me-
talic nation. He believed it the hight
Of unWisdom for the United States to
deal partially with that question. and
Whenever the question as to the free
coinage Of silver by the United States
alone, and the opening of the United
states mints to the coinage of silver at
10 TO was Just the same, he expected to
vote as he had voted hitherto.
Stewart Pop) Of Nevada argued that
l. the option to redeem greenbacks
in either gold or silver were exercised
il would stop the expectation of gold
from the United States Just as the
same means prevented its expectation
from France and Germany.
chandler (Rep) Of New Hampshire
expressed the hope that the bond bill
would not pass. but he was afraid there
was small majority in its favor. He
hoped, however, that the sober sense
OF the Senate would assert itself. and