The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-01-04
TWAS ENTERTAINING
Hill, Sherman, ElkinS and Others
Engage in 3 War Of Words.
ALL OVER THE BOND CASE
The Distinguished Senator From
Ohio Makes a Speech Adj
journed Till Tuesday-A Five
Minute House Session.

Washington. Jan. 3.-The presence o
many holiday visitors at the nationa
capital was shown to-day by the we'll
filled senate galleries.
| Morrill,, republican, Vermont, chair
man of the finance committee. moved
when the senate adjourn it be until
Tuesday next. and said: II hope by
Tuesday, when the senate reassembles.
| that the finance committee will be
ready to report on both the tariff and
bond bills passed by the house, The
motion for adjournment until Tuesday
was agreed to.
Hale of Maine presented a bill for
the Pacific ocean cable to Honolulu
and elsewhere, and explained It was
an elaboration of the plan urged be-
fore the last congress and the con-
templated cable was for the transac-
tion of the business of the United
states government. He said he would
call up the subject next Tuesday.
The joint resolution for the consti-
tutional amendment admitting woman
10 suffrage was presented by request
of Hoar.
Squire. republican. Washington, Of
Tered a resolution for the negotiation
Iorthwfth or a convention between the
United States and Great Britain for
marking the boundary between Alaska
ana British North America, and ap-
propriating $4,000 for expenses. SQUIRE
SAID this boundary question involved
considerations quite as serious as that
concerning Venezuela. There were
prospects of a conflict between miners
and officers claiming to exercise au-
thority along the disputed line. The
resolution Is confined to the contro-
versy over the 141st meridian, and not
to the general boundary question. The
resolution was referred
George Of Mississippi asked immedi-
ate consideration of the bill repeating
the law requiring the oath of loyalty
as perquisite to securing a pension
for service in the Mexican war. Hoar
said the repeal was unobjectionable,
whereupon Chandler remarked: .I
will certainly support any measure of
reconciliation which has the Joint en-
dorsement of the senator from Missis-
sippi and the senator from Massachu-
setts." The bill was passed without
division.
Butler of North Carolina asked i'm
mediate consideration of the bill ito
prohibit the issue of interest bearing
bonds" Hill of New York suggested
that the bill be not pressed for the
present. Sherman, he said, was about
to address the senate. After that, pos
sibly discussion of this proposition
would be desirable. Butler said the
proposition needed no discussion. The
country understood it. 1t has been ex-
haustively discussed until public judg-
ment was as certain as two and two
made four. Still, acceding TO Hills re-
quest. the measure was withdrawn.
The senate agreed to the resolution
by Allen of Nebraska, calling on the
secretary of the treasury for detailed
information as to the segregation of
the funds in the treasury, and their
use for purposes other than for re-
demption. with dates and circum-
stances of such use. Perkins of Cali
fornia urged the passage of the reso-
luton suggesting that a duty on sugar
be included in the tariff amendments |
considered by the finance committee. |
1t was referred to the finance commit |
tee, merely as a suggestion and not |
as an expression of opinion on the /
subject.
Sherman then began his speech on |
The financial question. reading from
and receiving close atten-
Ion. Speaker Reed and Henderson.
Dalzell, Walker and other members of /
-he house were on the floor and follow
ID Sherman with close attention.
Senator Sherman began by assert
ng that while congress would support
he president in maintaining the honor
md integrity of our country in the
ield of diplomacy. IT would approve
lis recommendations on the important
'ubject of our financial policy, and es-
'ecially or our currency He, the
president, had mistaken the cause of
'ur present financial condition in at ]
it to the demand for gold for
United States notes instead of the de-
iciency of revenue caused by the ex-
hange of the last congress. He pro-
'osed as a remedy the conversion of
United States notes and treasury notes
nto interest-bearing bonds, thus in
reasing the Understanding debt
early $500. 900. 600. He proposed a line
{ public policy that would produce
sharp contraction OF our currency.
dding to the burden of existing debts.
nd arrest the progress of almost
very American industry which now
with foreign productions.
Sherman read from a table showing
he receipts and expenditures each
ear from 1886 to 1893. and asserted
hat for the first time since 1866 we
ad deficiencies of revenues. Since
he first of March. 1898. to the first OF
'ecember. 1895. the national debt had
cen increased to s1e2. .O62. .245. He made
n analysis OF the Mckinley tariff law
nd of its successor. the Wilson law.
nd asserted that during the 25 months
the Mckinley law the average
'onthly surplus was s1.12s.s21. During
he existence OF the Wilson law the
verage monthly deficienc y was 81
9.6o3 Under the Wilson law the
nited States exported in a year agri-
iItural produe;s valued M S2a1 rs s0-