Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1896-01-09
.DoINGs AT WASHINGTON
washington. Jan. 3. 1896.

the following resolution was one OF the
greatest surprises that the present sassion
of Congress has produced: Resolved. That
BIZ injudicious legislation by the fifty third
Congress the revenues Of the government
were reduced below its necessary expendi
ture. and the fund created by law for the re-
demption OF the e. s. notes has been invad-
ed to supply such deficiency Of reserve. that
such misapplication OF the resumption
fund is Of doubtful legality and greatly in
furious to the public credit, and should be
prevented by restoring said fund to the
sum Of not less than Sl00O00000 in gold coin
or bullion, to be paid out only in redemption
Of U. 5. notes snd treasury notes. and such
notes. when redeemed to be reissued only
in exchange for gold coin or bullion" To-
day Senator Sherman made set speech in
favor of the adoption Of the resolution and
no speech delivered at this session has beer
so closely listened to by the Senate. It -
impossible to say at this time whether eth
CT the Senate or the House will adopt the
resolution. The prejudice against the re-
tirement of the U. S. notes (greenbacks) is
widespread in Congress, and for that rea-
son il would seem that such a resolution
could not be adopted. But while the adop
ton of this resolution might result in the
temporary retirement of some of the green
backs, 1t would only retire those presented
for redemption. In other words It would
leave 1t for the SPECTATORS in gold To decide
whether II would pay them to get gold upon
such terms, and Senator Sherman believes
the knowledge that the greenbacks so pre-
scented would be even temporarily retired
would deter the spectators from present.
ing them. He also believes that if any
greenbacks were thus returned that as soon
as the revenues Of ffe oovarnrue,t raarhed
surplus stage they would be exchanged
for gold as was often done when the gov
ments revenues exceeded its expenditures
Such resolution is too important to be
hastily acted upon. 1t will go to the Senate
finance committee for careful consideration
The Senate finance committee has been
hard at work on the House tariff bin this
week and senator Morrill. the new chair
man OF the committee, expects to get it re-
ported to the Senate at once. Unless the
democrats act different from the way they
talk an early vote will be reached on the
bill and the probabilities all favor it's pas
sage
Chairman Dingley of the House ways and
means committee. characterizes the Decem-
Der treasury statement as palpabie fraud
and shows that a true statement of the re-
ceipts and expenses of the government for
December would show deficit eff more than
S.5oo000, instead OF the half-million surplus
claimed by Secretary Carlisle's offcial re-
port
Senator Elkins has offered d resolution,
the adoption Of which might black Mr.
Cleyeland's new bond deal with the bankers,
syndicate II declared the sense Of the SEN
ate 70 be that no Z 5 bonds should be sold
at private sale or by private contract hut
4 Ef.., IA a
highest bidder.
The naval inspection board has made its
report on the battle-ship Texas and as a re-
sult the Texas viii probably 90 out Of COM
mission ana be sent To the Norfolk navy
yard to have her bottom strengthened and
other defects remedied The Texas Is the
result Of a very brilliant idea which got in-
u the head OF Hon. W c. whitney when he
was Mr. Cleyeland's secretary of the. navy,
lie thought the English could design better
ships than the Americans ana he paid out
good American money to the Englishmen
for the plans al theTexas, although promi-
nsnt naval oHcers did not hesitate to say
that the plans rere bad. Long before the
reXas was hail uone Il was seen that the
original plans would have t. be modified to
a considerable extent in order to prevent
the Launching being a sinking. Newspaper
readers are familiar With The series Of mis-
haps which the Texas has met during the
short time she has been in commission. If
ex-Secretary whitney has. followed the
T .xas. as ne doubtless has in the newspa-
pers. not literally he probably doesn't
think as hiehly Of English ship designs as
ne did.
Ex-Congressman Brewer OF j, while n
Washington this week expressed the opinion
that his state would not send an instructed
delegation 50 the ST louis convention
Speaking Of the political situation in that
state he said i am NOT very much inter-
estcd in politics nowadays. but think one lis
safe in saving that New Jersey has come in
t. the republican camp 10 stay The strong
est argument thai can be addressed 10 the
workiuemen is lbat furnished by atS stom-
aeh ana the process 81 reasoning which
started there and worked its way MP, has
htaded him quareiv on tine side af proc