Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1896-01-04
Senate Is Not United on a Plan
to RepIenish the Treasury
SHERMAN WANTS ALL GOLD
':hell Intimates That Previous Ad.
ministrations Erred in Not Pay.
20 ing Notes With Silver.

Ssrator Berry objected. 1t was agreed
to +djourn over until Friday. Senator
Mosrlll explained that the finance COM
mittee desired to consider the bond
and tariff bills on Thursday
Slator Chambers resolution, offer
| ed yesterday, directing the committee
| on naval affairs to investigate the prices
| paid by the government for armor pla te
and as to whether any official of the
government was interested in patent
| processes, was called up.
AZ the suggestion of Senator German
the words directing an inquiry into the
facts as to whether the prices paid bv
the United States We're as low as paid
by foreign governments, were stricken
out.
Senator Mills could not see the reason
Tor the amendment
Senator German explained that it was
Wen known that an armor plate COM
pany mad competed with England for
furnishing armor plate for a Russian
vessel. The prices asked were lower
than received from the United States.
The contract, he thought, had been
maue a a loss.
AS to the remainder of the resolution
Senator German said it contained an
lntlmatlon that officers of the govern
ment were interested in armor plate
patents. If the information of the SEN
ator from New Hampshire warranted
these intimations, he had no objection
to the resolutl-n. Great discretion had
been given to the secretaries of the
navy and the results had been marvel
GUS to the world. The honesty. integ-
rity and intelligence of the heads of
the navy department had not been uues-
toned.
Senator Hale also spoke of the
achievements of the navy department
and expressed the hope that nothing
would be found amiss
Senator Chandler said he shared the
general regret, but he was ready to
assume the responsibility for the reso-
luton. Facts had come to his knowl-
edge that required investiga ton and
publicity in order that future contracts
for armor in the equipment of vessels
now building and to be built should
be above suspicion.
The resolution was adopted
SHERM ANS IDEA.
Senator Sherman introduced the fol- |
with keen ,lterest in view of the sena-
tors uttesances against the retirement
of greenbacks. He gave notice that on
Friday he would submit some remarks
upon it. The resolution was as follows:
"Resolved, That by injurious legisla-
ton by the Fifty-third congress, the
revenues OF the government We're re-
duced below it's necessary expenditure,
and the fund created by lawful redemp-
ton Of United States notes has been in
vaded to supply such deficiency of the
reserve: that such misapplication of
the redemption fund is of doubtful le-
gality and greatly injurious to the pub
lie credit, and should be prevented by
restoring said fund to sum not less
than $10O, 100000 in gold coin or bullion.
to be paid out only in redemption of
United States notes and treasury notes,
and such notes when redeemed to be re-
ssued only in exchange for gold coin
)r bulion''
PROTECT OUR WOOL.
Senator Mitchell of Oregon then took
he floor and spoke in favor of his reso-
ution instructing the finance committee
% restore the Mckinley duties on wool
n any revenue bill reported to the SEN
ate. Senator Mitchell declared that no
industry had received such a stagger-
ng and deadly Legislative blow as that
inflicted upon the wool industry by the
Wilson tariff act. 1t had drained from
he United States within the last year
S5. 900 Of gold to pay for foreign wool
md occasioned to the wool growers of
his country a loss of more than $10,-
In
changed the sheep industry of the Pa
.ific coast would be annihilated
Senator Mitchell referred to the con-
lition Of the treasury and the presi-
len.'s appeal and added that while pro-
-iding at the earliest possible moment
egisaton which will produce sufficient
evenue to relieve the administration
# it's present embarra ssment, other inn
,Ortant question should not be lost sight |
# in the performance of our patriotic
esponse to the president, and we should
20 legslate as to relieve from danger
# destruction some of the great in
lustries stricken down by the Wilson
ariff act
Senator Mitchell said the tariff bill
,assed by the house would proba bly,
Increase the revenue 100000, 900 year
amended as it should be by affordng
WOOL, lumber, barley, hops and other
gricultural products ample protection |
will give an additional revenue of
60 900, 900 and place a paddock upon the
o-called "endless chain" by which gold
5 drawn from the treasury, stop all
ecessity for further issue of bonds and
escue from impending ruin the wool
nd other agricultural interests of this