The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-06-04


Continuing, he said: mo doubt, hat
our country been shielded by soun'
protective tariff during the hopeless
years of the present Democratic ad
ministration, much of the distress anC
: woe of unemployed labor might have
been averted; but another adverse ant
sore bewitchery of all business affairs
in the United States hardly less potent
than a free trade tariff has been the
unceasing agitation of the free coinage
of silver and on ratio that would not
] fail to reduce the standard of value OF
our money, as we'll as the whole fabric
of public and private credit, the one-half
of its private value without an invita-
tion from commercial nations to join in
be accepted by a Republican administers
ton, but it would be more desirable that
the United States should receive than
offer the invitation, as the American
production of silver is comparatively so
large that any initiatory steps on our
part might subject us to the charge of
being inspired by the thrifty purpose of
securing better market for our annual
domestic product
"Were it as certain as some extreme
advocates represent, that no cooperative
agreement among the leading nations
for a larger use of silver can be OBJ
tained that fact alone would be a
cogent and sufficient reason why the
United States should decline to stultify
itself by embarking single-handed in an
exneriment so reckless and so dis
trustful as to be Stunned and coldly re-
Jected by the statesmen of every en-
lightened nation. But this hopeless rep
resentation of the silver question in
/ Europe is untrue. The trend of public
opinion in Germany and Great Britain
fayyors tolerance Of the question"
In reporting bill for the construction
of the Nicaraguan canal, Mr.. Morgan
asked that December IA next be fixed
as the day for voting on the bill, but
Mr.. Pettigrew of South Dakota OBJ
| jected.
Debate was then resumed on the con-
ference report of the Indian appropria-
ton bill, Mr.. George opposing the bill.
AT p. M the Butter bill was taken up.
the conference report going over.
Mr., Aldrich offered the following
amendment as an additional section to
follow the bill prohibiting the issue of
bonds:
"Unless, in case of emergency. It is
necessary, in the opinion of the presi-
dent of the. United States and the sec
rretary OF the treasury, to issue bonds
in. accordance with the provisions of
existing law to preserve the public
credit or to meet obligations of the
United States created by such existing
law, which can not otherwise be met,
shall first be offered at public sale"
Before the debate proceeded Mr.. Hill
suggested that vote on the Brown reso.
luton declaring the issue of future bonds
illegal should follow the vote on the
Brown resolution.
Mr.. Hill insisted, however, that the
Whole bond business should be cleared
from the floor today. Objections were
made and no agreement was effected.
MIR. Brown then resumed his speech
OF yesterday, discussing bonds and free
silver coinage.
Mr.. Brown was followed by his Utah
colleague, Mr.. Cannon. They had oc-
cupied different positions ON the Ding
ley tariff BILL the former having voted
for, and the latter against its considera-
tion
Mr. Cannon replied to structures made
on the five Republican senator's voting
against the Dingley bill. He resented
the charge of insincerity. He char
acterlzed the tariff bill as an 'iniqutous
monstrosity of legislation; sectional and
UNJUST He had been acquitted by his
conscience and by his constituents. The
nve republican senators who voted
against the tariff bill, he said. have nil
the consolation they need each having
received the endorsement of his people
at home.
Mr.. Cannon referred to the selection
OF Senators Carter and Mantle of Mon
tana; DubOise of Idaho; Teller of Colo
RADIO and himself as delegates to the ma
tional convention.
The sentiment of the great inter
states is for the free coinage
OF silver declared Mr.. Cannon, in i'm
passioned tones, "and they look to the
leadership of Henry NJ. Teller rather
than to that of the distinguished SEN
ltor from Ohio, (Sherman)."
Mr.. Cannon added that any man from
that section who drew his inspiration
from Mr.. sherman and Mr.. Morrill,
would be rejected by his people.
AT this point report from the house
was received. as to the passage of the
'lyer and harbor bill over the presi-
lents veto
Mr., Vest asked that the bill and the
Teto be taken up as soon as the vote
IN the bond bill was taken.
Mr.. Sherman objected, unless an agree
nent as to the filled cheese bill was
made.
Mr.. Vest then gave notice that he
would move to take up the river and
larbor bill and veto tomorrow. Before
continuing the bond debate Mr.. Butler
ought to have 5 p. m. today fixed for
he vote on the bond bill, but Mr.. Teller
objected on the ground that the present
greement for vote before adjourn
nent was ample.
Mr.. Allison Rep.) of Iowa, spoke brief
Y on the bond bill. He said it was well
nown that the bill could not become
aw. 1t was agreed, he said, that the
borrowing of money for the government
vas solely legislative power, except as
he statutes conferred that power on the
xecutive branch Under these crcum-
tances the addition of the Brown reso-
1tion would be a repeal of the only law
flowing the executive to borrow money
n bonds.
Mr.. Allison reviewed the cause leading
p to the bond law in 1875, which was
Intended to overcome the instability and
anic following the war. He denied the
ssertion made during the debate that
he bonds under the law of 1875 were for
he purpose of redeeming greenbacks
nd then cancelling them, after which
he bond power ceased. On the contrary,
e said, it was to be continuous power
0 give stability to values. No part of
he people could be benefited by a fiuctu-
ting, unstable, deprecated mono-meta-