Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1896-04-08
FIFTY-FOURTH CONGRESS.
WASHINGTON, April s.
SENATE.

WASHINGTON, April s.
SENATE.
A petition from the mayor, aldermen,
and many citizens of Portsmouth, N.
H., in favor of arbitration in the Vene-
zuelan matter, denouncing atrocities
committed on the Armenians and recon-
mending an alliance against the Turks
and the seizure of Constantinople was
presented by Mr.. Gallinger and was re-
ferred.
A bill giving pension of $50 month
to the widow of Charles S. Hamilton,
major general of volunteers, was passed.
Mr.. Teller introduced bill provid-
ing that all national banking assocIa-
lions shall keep their reserves in their
own vaults, and moved its reference to
the committee on finance. He said
there was very general i'm
preston that the congestion of
money in the eastern cities grew out
of the practice of country banks keep
their reserves in the city of New York
and other reserve cities" The couu-
try banks drew interest on these
deposits instead of using their money
in their own localities. That practice
was considered very detrimental to the
business interests of the country. He
understood that, in September last, the
amount of these reserves of country
banks held in the New York banks
was $2O0,OO0,O00. This money was
largely lent out by the New York
hanks TO stock spectators. His infor-
nation was that rs per cent. of it was
lent to stock brokers and stock
SPECTATORS. He desired the IL
nance committee to inquire whether
there was not some way to stop that
evil. Possibly the banks ought not to
be required 10 keep all their reserves
in their Own vaults, but they ought to
be required to keep large proportion
of them, so as to prevent an accumula-
zion of money in the banks OF the re
serve Cities"
Mr.. Hoar expressed his approval OF
Mr.. Teler's proposition, and hoped
that that Senator would succeed in eff
fecting the reform he proposed. The
bill was referred to the finance commit
tee.
The Joint resolution introduced by
Mr.. Call proposing Intervention by the
United States in the war in Cuba was
taken up and was advocated by MIR.
Turpie. He referred sarcastically to
the manner in which the chairman OF
the committee on foreign relations (Mr.
Sherman, of Ohio, and the junior
Sanator from Massachusetts. Mr..
LODGE had, up to this date conducted
the Cuban campaign" He condemned
the .helpleas inertia, the delay. the
altogether irrational obstruction exist
ing in the chairman of the committee
on foreign relations ever since he took
refuge in the crypt of the conference
committee from which he barely es.
capped the day before yesterday, as if by
fire, very much importuned, and very
glad to be rid of his former action"
Having thus disposed, for the mo-
ment, of Mr.. Sherman, Mr.. Turpie,
turned his attention to Mr.. Lodge, re-
ferring to "the lingo jargon of that
class of extremists so ably represented
here by the gifted junior Senator from
Massachusetts, a Senator singularly
gifted with the power to clothe an in.
teresting and exciting subject with all
the dullness of time-worn common
places" Naughter.) 1t was impossi-
BILE, Mr.. Turpie said, to conceive of "a
more wholly unlegislative legislative
proceeding, a more wholly abnormal
proceeding, than the action taken
by the chairman of the COM
mittee on foreign relations with
reference to the Cuban question.
There could not be a more unfortunate
disposition of that matter than which it
suffered from the action, the in.action
and the reaction of the honorable
chairman of the committee on foreign
relations. Mr.. Turpie contrasted the
Joint resolution introduced by Mr.. Call
with the concurrent resolutions report
ed from the conference committee.
There was, in the former, no double
cntendre, as there was in the other. 1t
contained plain statement OF the ne
cessity of interposition. In the third
resolution of the conference report Sin
tervention" was mentioned twice; but il
did not say on which side the Uuited
States should intervene. For his own
part he was in favor of intervening on
the side of Cuban freedom and
independence, and for the sake
of freedom and independence; and
for no other reason or cause. He
had listened to twenty or thirty sad
dresses" by the junior Senator from
Massachusetts, and to remarks" on
several occasions by the Senator from
Ohio, but all that he had been able to
gather out of them was that there was
war in Cuba, and that the Cuban ques-
ton was a great question. Iaughter)
The Senate had heard nothing from the
chairman of the committee on foreign
relations as to the territory in the
hands of the Cubans. That Senator
seemed to be as much afraid Of APP
preaching that territory as General
Weyler himself was. He had mot
even looked over the fence" laugh
ter.) He (Mr. Turpie) proposed to
take fair and impartial view of that
territory and its condition. He then
proceeded to draw sketch of the
Cuban government and of the oper-
alton of the forces on either side.
The Senate at 2 o clock went into
executive session. After few minutes
the doors were reopened and the Indian
appropriation bill for the coming fiscal
year was then taken up.
Mr. Turpie recalled and ridicnled Che |