The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1896-01-02
THE BOND BILLS PASS
The Opposition Fell Short Num-
Ober Of Votes.
THE HOLIDAX REST IN ORDER
An Inquiry as to Ambassador BayarPs
speeches in Great Britain VIII
BE Made off cia ly

Washington, Dec. 2S.-The house to-
day passed the bond bill by a vote of 40
to 1856 and thus having discharged the
task for which it has been sitting dur
ing the recess. effected an agreement
by which the house should adjourn next
week for three days at a time in order
to give the members an opportunity to
spend New Years day at their homes
The closing hours of the debate today
were lacking in spirit and there was
practically no excitement until the vote
was taken. The margin of 33 by which
the first section of the bill, against
which the republican opponents of the
measure massed their opposition, was
passed, showing that the friends of the
measure had marshalled every availa-
BILE vote in it's favor.
AS it was AZ republicans refused to
act with the majority of their party.
The populists and democrats with the
exception of Mr.. Hutchinson of Texas
who voted for the bill, presented an
unbroken front against the bill.
THE BILL AS PASSED.
The bill as passed amends the resump-
ton acts so as to permit the issue of 3
five years at the pleasure of the govern
ment and payable in Is years, with the
specific provision that nothing in the
bill shall be construed to repeal the
act of 1878 for the reissue of greenbacks
and that the bonds shall first be offered
for subscription at the sub-treasuries
and repositories of the United States.
The second section of the bill provides
l. q
debt certificates of denominations of
$40 and multiples thereof in amounts
not exceeding $50,000,000 to meet tempor-
ary deficiencies.
THREE HOURS DEBATE.
When the house convened today but
three hours remained for debate on the
bond bill. The vote, by the terms of the
rule under which the house was operat-
ing, was to be taken at o'clock
Mr.. Brosius of Pennsylvania opened
the DEBATE in favor of the bill. This was
the only country on the globe, he said,
where gold redemption had neither
qualification nor limitation and where
the treasury was without the power to
resist the incursions of foreign gold
grabbers or domestic spectators.
Mr.. Parker of New Jersey favored the
bill as a good business measure.
Mr.. McLauren of South Carolina op-
posed it because it would increase the
burden of a people already tax-ridden
and would tend to legaize a series of
usurpation of power by the
secretary of the treasury. If
the secretary would use his dis
cretion and redeem notes in silver the
gold raids would stop and new hope
would be infused into the democratic
party, now crushed by the financial
policy of the administration.
Mr.. Cannon of Illinois, in support of
the measure, declared that it was bill
to maintain specie payments which had
been resumed under the wise discretion
of the republican party in 1879
you on the other side will vote
against this bill; those in favor of silver
at 16 to l, because you want to impair
the credit of the country and force us
to a silver basis; those who support
the administration because it wants
gold bonds. We in our judgment and
patriotism stand ready to pass this bill
If it is rejected by the senate or the
our mite toward the protection of the
q
of what we shall do when we come into
full power in 1897
Mr. Bartlett of New York announced
that in his opinion the pending bill, in
stead of strengthening the financial
ability and credit of the government
would lead to further panic and avowed
that he was for the maintenance of the
gold standard until the powers of the
,1l 70 t1,a anft, Ill.
Mr.. Tawney of Michigan, in support
of the bill, called attention to the presi-
dents urgent appeal to congress to dc
something before adjourning. He knew
and everybody knew that gold bonds
would not be authorized by congress
and because congress would not give
him authority, he and his secretary OF
the treasury had already reopened ne
gotiations with the same old malodor
Gus syndicate for another issue of
per cent bonds. The people of the coun
try were to be given no opportunity tC
subscribe.
Mr.. Bailey of Texas, in outlining the
attitude of the silver democrats, saiC
that they had decided to offer as sub
stitute for the bill measure that woulC
in his opinion render the further salt
of bonds unnecessary. AS a plain bust
ness proposition, the treasury should coli
the silver seigniorage. That would fur
nish the treasury $53,0OO00O of addi
tional assets. Successive gold with
drawals and bond issues might b
forced until the public debt was in
creased indefinitely.
Mr.. Burton of Missouri and Mr.. Con
molly of Illinois. who had been counte
on as opponents of the bill gave thei
support to it in brief speeches.
PAY IN GOLD ONLY.
Mr.. Payne called attention to the fac
that the administration was alread
preparing to issue 800. 900. 900 of 30-yea
bonds. This was the emergency tina
this bill met by a reduction of interes
1.-THE presidents message" interrupt
ed Mr.. Linney of North Carolina, "say
that the s155,0OOO0O of silver certificate
issued against the bullion purchase
under the act of 1890 constituted gol
obligations. Why did not the way
and means committee provide for tn
coinage of that bullion and the redemI
ton of these notes in silver?'
1.-THE secretary now has authority [
coin and redeem the Sherman notes
said Mr.. Payne, but one thing at
time The bill proposes to give the GOV
ernment power to redeem United State
gold obligat tions in gold"