The herald., 1896-06-03
IHEF|FTY-FOURIH CONGRESS
Tariff and Coinage Discussed in
the Senate
THE ANTI.BOND BILL PASSES
The House Refuses to Debate Harbor
Appropriations
oat Passes the Bill bv an Overwhelming 9
nalority Over the Veto-An Early
Adjournment Predicted
Associated Press Special Wire.

Associated Press Special Wire.
WASHINGTON, June AT o'clock
tonight the long struggle in the senate
over the bill to prohibit the issue of bonds
came to an end and the bill was passed
by a vote Of 32 to So. The bill, as passed,
covers only three lines. as follows:
Be 1t enacted, that the issuance of in
terest-bearing bonds of the United States
Tor any purpose whatever, without fur
ther authority of congress, Is hereby
prohibited.
The voting did not begin until $3.50 D..
M. at which time the chamber was dim
ly lighted and the galleries almost empty.
A flood of amendments were first voted
down. all being defeated. One by Mr.
Aldrich Of Rhode Island gave the exec
utive power to issue bonds in certain
emergencies; another by Mr.. Aldrich,
provided that the act should not impair
the obligation to pay in coin. Mr.. Hill's
amendment that the treasury notes be
retired when redeemed was tabled-43
to r.
Mr. Gray's amendment for the sub
Stitution of coin notes for treasury notes
was defeated without yea and nay vote.
The last preliminary vote was on Mr.
Hills motion to postpone the subject
until next December, which was de-
feated. Then came the final vote, with
the result stated.
The debate on the bond bill lasted
throughout the day and was at times
very animated. Mr.. Cannon of Utah
made a spirited reply to criticisms of the
five Republicans senators, including him
self, who voted against the Dingley tar
IF bill, and declared the measure was a
legislative monstrosty.
Mr.. Allison expressed his strong be-
lief that the United States could not
enter alone upon the coinage of silver
at 16 to 1.
Mr.. Chandler appealed to senators on
the other side of the chamber to join
in a patriotic measure to sustain the
country's honor. Mr.. Chandler also paid
tribute to the personal integrity of
President Cleveland and Secretary Car
Isle.
Mr.. Teller spoke in favor of making
silver the first and paramount question.
Mr. Burrows declared that it would have
been better had the country gone down
in the storm Of war than that meas
ure taking away the last prop to it's
credit should pass. Mr.. Palmer OF Ill
inois also opposed the bill.
Mr.. Vest gave notice that he would
move tomorrow to take up the river and
harbor bill veto.
In reporting bill for the construc
ton Of the Nicaragua canal, Mr.. Morgan
asked that December IA next be fixed for
consideration OF the BILL but Mr.. Petit
grew (Rep., 3. d. objected. Debate
was then resumed on the conference
report OH tne lnuldH dppTOpTldtloil DliI,
Mr.. Villas and Mr.. George opposing the
report.
Morrill, was recognized for a speech on
the tariff. His earnest manner and
strong voice gave no indication of his
advanced age. Morrill, referred to the
emergency tariff bill passed by the
house, and said: "The Democrats have
broken away from the leadership of
their president and, while marching to
drum and fife of a South Carolina cap
tain, are in such dread lest the Populists
should get control of their party, they
seem to be in hurry to become Pop
ulists themselves" The senator de-
clared the Republican party never
would make a trade of it's principle on
the money question in order to secure
higher tariff duties. He predicted the
platform of the Republican party in 1896
would place every dollar of our money
in circulation on a parity with the best
dollar in the world, and declared the po-
litical ground under the Democratic
party appears dangerousy volcanic.
Continuing he said: mo doubt had
our country been shielded by sound
protective tariff during the hopeless
years of the present Democratic admin
istration. much business distress and
woe of unemployed labor might have
been averted, but another adverse and
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 value of our
money, as well as the whole fabric of
public and private credit to half its
present value. The invitation from
commercial nations to join in co-opera-
tive agreement for a larger money use
of silver would be accepted by the Re
publican administration, but it would be
more desirable that the United States
should receive, rather than offer, the in
vitation, as the American production of
silver Is comparatively SO large any in
itiatory step on our part might subject
us to charge of being inspired by the
thrifty purpose of securing better mar
ket for our annual domestic product.
Were 1t as certain as some extreme sill
yer advocates represent, that no Coop
erative agreement among leading ma
tions for the larger use of silver can be
obtained, that fact alone would be CO.
gent and sufficient reason why the
United States should decline to stultify
itself by embaTking single-handed in an
experiment so reckless and so distrust-
ed as to be Stunned and coldly rejected
by the statesmen of every enlightened
nation. But this hopeless representa-
tion of the silver question in Europe is
untrue. The trend of public opinion in
Germany and Great Britain favors toll
erance of the question:
AT l d. m. the Sutler DOnQ Dill was
taken up, the Indian conference report
going over
Mr.. Aldrich offered the following
amendment, as an additional section to
follow that 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 secre-
tary of the treasury to issue such
bonds in accordance with the provisions
OF existing laws, to preserve the public
credit, or to meet obligations of the
United States created by such existing
law which cannot otherwise be met, and
all such bonds when 50 issued, shall first
be offered at public sale"
Before the debate proceeded Mr. Hill
suggested that vote on the Brown res
olution, declaring issues of future bonds
illegal, should follow the vote on theBut-
Ter prohibatory bill
Mr. Brown assented, and Mr. Butler
wanted p. m. tomol row fixed as the
time for the vote on the Brown resolu-
tion. Mr.. Hill insisted, however. that
''the whole bond business" should be
cleared from the floor today. Objections
were made and no agreement was eff
fected.
MT. Brown then resumed his speech