New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-05-23
CRAZY POPULIST FINANCE.
Continued from First Page.


outroga and n shame Senators had gone on ike a
spend thrift who had just come into possession VI
fortune and had made appropriations 10 'i'e ca
tent of from 500O00 900 to sl0OOoCO more thaI' to
current revenue. The President OF the oli'eu So
had no power TO borrow money except FOR Single
n,,rnoso and h. would not do IT, The Senate had
refused 70 give the power to borrow money 10 h'
II bad refused in the most ignominious way ~
provide any measure whatever to supply '"e u
holency. by substituting free coinage Oh sVe oi
for the temporary tariff bill sent to II by the iou
That was the act of a bankrupt, disgraceu oahh-
nm, because that measure ought TO be passed.
The pending bill proposed to repeal the only pro-
vision by which the parity OF gold ana SILVER couiu
be maintained. And that was It's purpose but
there was no danger Of its becoming law BECAUSE
the House Of Representatives would not pass IT,
And therefore Senators were only wasting time
and were exposing themselves rather badly before
the people.
He thought that 1t would be wise for the Demo-
Gratis to agree to take up the Dingiey Dill, Which
was intended to meet the very diculty that was
confronting the country. That might not DE good
BILL but Democratic Senators. joining with Popu-
lists had practically laid the table by subst-
tuting for It a free coinage bill They could not
escape that responsibility. The people OF the United
States would remind them of 1t. over and over again.
That bill might have been taken up its errors re-
moved, and ample provision made in 1t for revenue
to meet expenses 1t seemed to him that the Sen
standard which 1t had held long In the history
OF the country If It neglected the duties which Sen
ators were sworn perform The President OF
the United States would be justified in calling them
back by the first of July next lie (MT Shernah)
had no party feeling In the matter
AN OFFER FROM THE DEMOCRATIC SIDE.
Mr. Gray Dem Del). said that he agreed with
the Senator from Ohio in regarding this as Crisis
In the history OF the country and in the history OK
tho Senate And he agreed with him that for the
Senate to adjourn without some remedial legislation
for the threatened evils would be an outrage and
a shame. lie wanted 10 say to the Senator from
Ohio that II the Finance Committee would propose
a measure for Increasing the revenue. with an
assurance that Republican Senators would support
-a measure intended only to increase the revenue
they would ind cooperation enough on the Demo
cratic side OF the chamber TO pass that measure
And he made that offer now ,,. -o
Mr.. Sherman remarked that the Democtats W., "sae
In a minority in the Senate; that there was large
Republican majority In the House that the ae'S S
D!ngcy bill could not b~ torn IN pieces IN " rb w
take up the idea Of PTTe BELIEVED S he dd
tha; every tax ought to be levied with view" II
p An excamatIon Of amused satisfaction escaped
Mr. Gray but he did not interrupt Mr.. Sherman
who continued to point out the ioy OF expecting
Il am afraid. SIr Gray Observed. that the SEN
e a2 mh S R he made u That or 81 aroc
tisan action. In that regard desired to cooperate
with him. but he mobiles his proposition and
says that We must accept the measure that came
from the House. and which Is demOnstratedly
purely protective measure. which would produce no
revenue. bgi would be much more likely to decrease
Why not take it up in the Senate and amend
IT." Mr sherman asked
II want revenue measure. Mr.. Gray replied
ION d non-partsAn basg, and that will produce
revenue. not measure which VIII compel US TO pay
toll 10 privileged and Interested ella sses.
Sn' ne goo6 ces Of ,gc panS.rat, siie to
support a Republican measure ami ne suggarted
that the segnioragc on silver IN the Treasury could
be used sor the deficit.
COOPERATION. NOT SUPPORT.
Mr. Gray denied having made tender OF Demo
cratic support he had merely said that there
would be cooperation on the Democratic side In the
direction Indicated by the Senator from Ohio
At his point Mr.. Chandler G!ep. y. IL asked
to ysa 10 sm , fSf moment to y, which
good friend from NeH-Iiamp shire" Mr.. Chand.e
interruption however amounted 10 nothing, and the
Mr Gcorze dem, Mss explained his position
on the tar.I Question lie vas Wiling, he said. to
vote tax on beer. revenue tax wool and Jn-
per. ana a fair revenue tax on tea and coffee And
ne vas Wiling 10 vote TO Increase the taxes on
cites ana Tor Jar revenue duty on agricultural
Mr.. Mitchell dscp. OreJ asked Mr. George what
he considsrcd a fafr revenue tarn wool
About 30 or 70 per cent ad vaorem" Mr. George
5wlll ;Ae senator from Mississippi" Mr.. Mitchell
aekel "esr'e 10 take up the House tarin bill and
see whether The senate cannot amend ~"
cause think there ought TO b. some understanding
before The question Is mooted as TO what is 10 be
Atter further discussion Mr.. Dubois Gsep. Idaho)
Haii he saw no reason Why. with free coinage OF
iarn b ana adjourn ami go home.
~ inink that going home Mr. I'M remarked
saTcasucnlly viii meet the entire approval OF the
American people" laughter Then MIR Hill
. ~sI, on %i,h his srgumcgt esains tho BIZ He
sAt thiowa out by Mr. Cray. and OF his then with
Mr I'M declared With emphasis that there would
be 70 arm 6ni THIS session that Il extra session
were called there would he no tariff bill passed in IL
ana AZ The two sessions Of the next Congress there
YOU propds 80 i 70 aR P es;s na ys SAID he
ard to repeal The only safeguard FOR the protection
with that acknowledged inability to pass a reve-
nge bill and 70 increase revenue" Mr. George asked
remain IN the condition OF relying on the act OF ls5
ior ne means OF procuring revenue TO meet the ex-
The situation Is indeed a grave one" Mr. lin re-
piled II We are running behind a, rate OF SO
measure. 1t Is the ne ght OF wisdom to leave on the
cayo h eogm ,s 9gn9T to The President 70
NJ Pener pop, Kan) asked whether Mr. Hi
ton IN this matter.
HILL AND THE ADMINISTRATION.
Mr. I'm replied that he supposed even the Senator
from Kansas compromised his CMr Hirs) posi-.
ton lie had repeat teddy said that he did not as
sumo TO represent the present Administration II he
was President ~ the United States as he supposed
from the presens outlook he never would be daugb
teri, he would exercise his power and declare that
b.
lie works unless sufficient money provided He
would not let the paper currency OF the country 20
to protest lie would take the last dollar in tRs
treasury and maintain the honor and credit OF the
Government Cove, And he msJudged the character and
vlgOr and force OF tho present President II he did
not do So lie believed that at all hazards MT nj
risks ana at all times. the President would inast
that the paper currency OF the country should be re-
deemed In coin. N NC IT,
Mr.. Butler made some sarcastic remarks a,or,
MT Hills Elmira speech. and was told that ali the
information which he had on The silver question no
seemed TO have derived from that speech "" oddsI
that there was nothing IN 1t Inconsistent with the
position he occupied to-day. Study n more nv
good friend. he advised Mr.. Butler "and Won viii
understand the silver question a great deaf befer
than you do now" ' ''''e'
Going on 70 speak Of the BILL no denounced # as
ISL H over a Ga Ioy Win no exclaimed 1890 and