Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-01-02
In CONGRESS-.
Mr.. Sherman introduces a Resolu.
ton in the Senate
TO RESTORE THE RESERVE.
The House Holds Purely Formal Meeting
j. Z. Morgan Sc Co. Receiving Appli-
cations for AllOtments OF the
Road Loan.

WASHINGTON, Dec. 31.-Senator SheT-
man. of Ohio, introduced in the senate
to-day the following:
Resolve /, That by injurious legislation by
the SD congress, the revenues Of The govern
ment were reduced below its necessary expen-
dlture and the funds created for lawful redemp-
tiOn OF Urited States notes have been invaded
TO supply such deficiency of reserve; that such
u misapDlication OF the resumption fund is
of doubtful legality and greatly injurious to
the public credit and should be prevented by
restoring said fund to the SUN of not less than
II 0,U0lOOJ in gold coin or bullion, to be
paid out only in the redemption OF United
States notes and treasury notes, and such
notes. when redeemed, to b. reissued only in
exchange for gold coin or bullion.
Mr.. Perkins, OF California, asked
unanimous consent for the considera.
tion of resolution directing the COM
mittee on finance to report an amend
ment to the house tariff bill laying an
additional duty on raw sugar equal to
the other increases of the bill. Mr..
Berry, of Arkansas, objected.
Mr.: Morrill,, of Vermont. explained
that the finance committee desired to
consider the bond and tariff bills on
Thursday.
Mr.. Chundler's resolution, asking
the committee on naval affairs to in
vestigate the prices paid by the gov
eminent for armor plate and as to
whether any official of the government
was interested in patent processes, was
called up and adopted.
Mr., Mitchell, of Oregon, then took
the floor and spoke in favor of his reso-
luton instructing the finance commit
tee to restore the Mckinley duties on
wool in any revenue bill reported to
the senate. The debate soon turned
into a financial colloquy, in which
Messrs. Hill, Cockrell, Mitchell and
Chandler took part.
The resolution went over and the
senate adjourned till Friday.
The last session of the house for the
year 1895 was purely formal meeting,
lasting but a few minutes. An adjourn
ment was taken until Friday accord
ing to previous understanding. The
prayer of Captain Couden asked that
party contentious might be buried,
that the nation might advance with
the motto: "One flag, one country, one
God forever" and concluded: with
malice toward none, with charity for
all, let our nation stand an example to
all the world with justice written on
her brow"
Mr.. Noonan, the only republican
member from Texas, made correction
of the journal to show that he voted
for the two revenue bills last week.
At l2:1j the house adjourned.
The Bond Issue.
New YORK, Dec. 3l-Bankers in this
city who are in close touch with the
administration express the opinion
that the announcement regarding the
government bond issue will be made
not later than Thursday. The details
of the contract with the syndicate
will closely conform to those of
the previous issue. The loan is expect
ed to be for 500, OOO OOO with an option
on an additional 800, 100000. The ar.
rangements in the present instance do
not provide for any guarantee by the
syndicate as in the last issue. Formal
applications for allotments of the
loan are being received by J. p. Nor
gan & Co., who announce that.no ap-
plications will be received after p IN.