Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1896-01-09
FEDERAL LAW MAKERS.

Washington, Dec. 31--In the senate,
Senator John Sherman, rep, Ohio,l
introduced the following resolution:
Resolved, that by injurious legisla-
tion by the fifty-third congress the rev
enues of the government were reduced
below its necessary expenditures, and
the fund created by law for the fe-
dtmption of United States notes has
been invaded to supply such deficiency
OF reserve; that such misapplication
OF the resumption fund is of doubtful
legality and greatlN injurious to The
public credit, and should be prevented
by restoring said fund to the sum IF
not less than 800. 100000 in gSfa coin
or bullion to be paid out only in he
redemption Of United States notes and
treasury notes when redeemed to be
reissued only in exchange for gold coin
or bullion
After its introduction, Senator Sher-
man left the senate chamber. It was
after this that Senator Elkins, Of West
Virginia, asked for an immediate con-
sideration Of the resolution deelar-
ing 1t to be the sense Of the senate
that no bonds of the United States
should be sold at private sale or by
private contract, but that they should
be advertised and sold to the highest
bidder.
las the resolution would seem to re-
fleet on the senator from Ohio (Sher-
mani who. when secretary Of the treas
ary, always disposed of bonds BY pri-
yate contract, and as he is now absent.
| think the resolution should sc over !"
said Mr.. Hill. The resolution went over.
An adjournment was taken until
Friday
Besides the introduction of the Sher-
man resolution, Mr. Chambers
resolution directing the COM
mittee on naval affairs to investigate
the prices paid by the government for
armor plate, and as to whether any of
ficials OF the government We're interest
ed In patent processes, was called up.
Ait the suggestion Of Mr. German
dem, Md the words directing
an inquiry into the facts as TO whether
the prices paid by the United States
were "as low as paid by foreign gov
eminent" were stricken out, after
which the resolution was adopted
sIr. Mitchell rep, Ore1 took the
floor and spoke in favor Of his
resolution instructing the finance COM
mittee 10 restore the Mckinley duties
on wool in any revenue bill reported
to the senate. He said the tariff bill
tpssed by the house would probably
Increase the revenue $40 900 900 year
Amended as II should be by affording
wool, lumber, barley, hops and other
agricultural products adequate prote--
ton ii will give an additional revenue
of $50. 000, 600 and place pad lock up
on the so-called endless chain By
which gold Is drawn from the treas
ury. stop all necessity for further issue
ot bonds and rescue from impending
ruin the wool and other agricultural
interests Of this country.
Among the bills introduced into the
senate was the following: BY Mr.
Pettigrew Directing the secretary
of the treasury to cancel and
not reissue greenbacks hereafter re-
deemed IN him. but 10 issue silver Ger
tifoates iii their place. said certificates
Ia he redeemed with silver dollars. To
meet the demand thus created, the sec
rotary Ii directed To coin silver now III
the treasury and II the amount Is not
sufficient he Il to purchase more silver
bullion.
The La, session III the house for the
year 1895 was purely formal meeting,
lasting but very few minutes, and
ali adjournment .was taken until Fri
day