The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-04-18
Senator Hill Analyses the Law
of 1875.
THE EXTENT OF ITS USE
Says the President and Secer'
tary Acted Wisely.
CRlTIClsEs THE WILSON BILL
And Ends Up His Speech by Paying
a Glowing Tribute TO the De-
mocratic Party and Its
Mission.

Washington, April 1.-THE debate
ON the bond resolution proceeded to-
day, Mr.. Hill continuing in opposition
his speech which is not yet completed.
Mr.. Hoar supported the proposed bond
| investigation. The debate is proving
attractive to the public, the galleries
being crowded throughout to-day.
At o'clock Mr.. Hill resumed his
| speech.
| There were early indications of dila-
| tory maneuvres on the bond resolu-
ton Before Mr.. Hill had risen to his
/ feet Mr.. Walthall moved that when
the Senate adjourned, it be until Mon
day. This was agreed to-35 to rs.
This vote was regarded as something
| of a reverse to the friends of the reso-
| luton who had wished to go on to-
morrow, although the vote was largely
| effected by the desire to have the
usual Saturday recess.
After this diversion Mr. Hill pro-
| ceeded with his speech. The vehemence
| of his eXtemporaneous remarks yester-
day was modified to-day by an adher-
| cnce much of the time to manuscript.
The Senator analyzed the law of
| 1875, showing to what extent the pro-
cess of bonds could be used for re-
demption purposes. Speaking of the
recent bond issues. he said, disaster
and chaos would have overtaken the
| government had not the President and
Secretary of the Treasury wisely ex-
ercised the authority given them under
| the law of rs to issue bonds.
Referring to the Wilson bill, Mr..
| Hill said he had sought to change some
of the extreme features of that meas
ure. It passed, however, as the great
measure of tariff reform. THAT bill, /"
| he went on, ''as conceded by it's friends
| and enemies does not produce enough
revenue to meet the expenses OF the
| government. / wish my party had
| framed bill so fair, so reasonable,
| so conservative that no question could
1 have been raised as to raising revenue
1t had been better if extreme councils
had not prevailed then, as they are
| trying to prevail now."
Mr.. Hill declared that with revenues
| insufficient to meet government ex-
| penses bonds were imperative Ger
A IdIAtl3 lllIl L41I 1SEJliOIA oAlG p1k1 "
| should at least defend the course of
the President and Secretary of the
Treasury in issuing bonds 1t was not
for the Democratic party to join in the
| political assault of Populist and Re
publican Senators against the bond is
sues.
When at one point, Mr. Hill was in
terrupted by the remark of Mr.. Allen,
that the Democratic party was dead,
the New York Senator paid glowing
tribute to his party, declaring that it
would live on to uphold it's principles
regardless of the action of a few mis-
guided men.
An exciting episode occurred late in
the day concerning Pacific railroad
| affairs. Mr.. Gear, chairman Of the
Pacific Railroad committee, presented
a bill proposing an adjustment of the
railroad debt. This led Mr.. Allen, of
Nebraska. to criticise the committee
for alleged partiality to collins p.
Huntington and his lobby" A bitter
personal alteration between Mr.. Gear
and Mr.. Allen followed, during which
Mr.. Allen declared that Mr.. Gear had
uttered "falsehood" concerning Gen.
Weaver, of Iowa. Mr.. Hoar called Mr..
Allen to order, and demanded that his
words be taken down. Mr.. Allen was
obliged to take his seat, but on a mo-
ton by Mr.. Faulkner, was allowed to
proceed in order.
Mr. Hoar spoke briefly in support of
the bond resolution. He said the bond
transactions were properly subject to
investigation. No corruption or ini-
guilty was charged against government
officials. Mr. Peffer interrupted to
state that no dishonorable motives
were imputed to the President nor the
Secretary of the Treasury, but he be-
lieyed the bond transactions had fraud
all over them in New York city and
elsewhere. Mr.. Hoar went on to re-
view the several bond issues, stating
the various points of irregularity
which he believed to exist. He particu-
Iarly objected to the use of bonds to
raise money to be used to meet cur
rent expenses. Mr.. Hoar said he would
vote for the resolution without any
political purpose to embarrass Mr..
Cleveland and his honored friend, Mr..
Carlisle.
Mr.. Hill said that if Mr.. Hoar did not
comprehend this question any better
than as stated, he ought to have an in
vestigating committee to aid him. Mr..
Hill contended that every material
fact as 10 the bonds was known.
Mr. Hill said he would analyze Mr..
Hoar's remarks on Monday, but he now
merely protested against the plea Of
ignorance.
MIR. Hoar said he would not follow
the New York Senator in his style.
THAT" said Mr.. Hoar, ''is more pro-
per in other places than the Senate of
the United States" He added that he