New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-03
WILDCAT FINANCE WINS.
EUTLEE'S PROHIBITORY BOND BILL
PASSED BY THE SENATE
THE FREE-sILvER- -PoPULIsTrc COMBINATION
PUTS THE MEASURE THROUGH BY
SEVEN MAJoRITY-IT CAN
NOT BECOME A LAW.
NOT BECOME A LAW.
rDY TELEGRAPH TO TIE TRrBuNE.1

SEVEN MAJORITY-1T CAN
NOT BECOME LAW
fpY TELEGRAPH TO TIE TRIBuNE]
Washington June 2.-As was to be expected.
the Butler Bond Sale bill passed the Senate to-
day. when the final vote was reached, by an
ample majority Only fifty seven Sena tors were
on hand to be counted and OF these thrty-two
supported Mr. Buffers prohibitory BILL while
twenty-five opposed it. The majority for the
measure marks almost exactly the strength Of
the Democratic PopIlistic-Free-S Silver Coinage
combination which controls legislation In
the Senate. and the vote to-day ran almost
the same lines as that by which free-silver COIN
age rider was sadded on the Emergency Revenue
bill last winter
The passage Of the bill was opposed as piece
OF Popustic folly by the sober and serious ele-
ment in the Senate. now unfoi tunstely In the
minority. Yet It's purely Duncombe character
was so we'll understood that no prolonged re-
sistance thought to be necessary or useful
The political responsibility Of the Senate und,r
the conditions which now prevail is so notorious
that no freak of legislation which II may attempt
is likely TO be taken seriously by the country,
while the certainty that the House OF Repre-
sontatives would refuse even to consider such
foes the Butler bill or the free-silver coinage
rider on the Emergency bill has robbed the
Serate's crazy financial schemes OF any practl-
cal terrors from the very beginning Of the pres
ent session.
THE PROCEEDINGS IN DETAIL
The Senate met hour earlier than usual 70.
day In order to give longer time for consideration
OF the bond bill.
Mr.. Brown (Rep. Utah) took the floor TO con-
tinue his speech begun yesterday in support Of
the bill.
Mr. (Ren T nvad m he
by adding 10 It these words: Unless In case Of an
emergency. I, is necessary. in the opinion OF the
President OF the United States and the Secretary
Of the Treasury. to issue such bonds In accordance
with the provisions OF existing law 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
SO issued. shall first be offered at public sale"
Mr. Hill (Dem.. y. " suggested 10 Mr. Brown
whether he should not ask unanimous consent to
have the resolution offered by him yesterday.
declaring further bonds that may be issued under
the resumption act Illegal and void. voted inn
mediately after the vote on the bond bill to-day
Mr. Brown accepted the suggestion. and made
the request
Mr. Allen Pop Neb) said that he was In favor
OF the resolution. but that he wanted to answer
some of Mr.. Browns remarks before the vote was
taken.
Let dispose OF this whole bond business to-
day or at ALL" Mr.. Hill said II do want to
have this thing hanging along interrupting tho
whole business OF the Senate. Let clear the
floor 1 sorry disposition to hlibuster
against the resolution"
The presiding officer (Mr. Faulkner Dem. W.
Va asked whether there objection to Mr..
Browns request.
Mr.. Alton-There is objection the ground
alone that desire to debate the resolution before
II is disposed Of
Mr.. Chandler (Rep.. n. HI asked Mr.. Allen
whether he had any objection to having the resou.
lion voted and making his speech afterward.
That. he added the custom.
Mr.. Allen said that his objection TO that would
he that the Senator from New-Hampshlre would
no, be present TO hear his speech.
Mr.. Chandler assured him that he would be;
and. on that assurance. Mr.. Allen withdrew his
objection
The presiding officer again asked whether thers
was any objection to Mr.. Browns request, and OBJ
jec,ion this time from Mr.. Turpie Dem Ind)
Mr. Brown then proceeded with his argument In
favor OF the bill and In advocacy OF the free coinage
OF silver.
Mr. Cannon. the other Republican Senator from
Utah criticised the position OF his colleague They
had voted differently the Dingley Emergency
bill. which he (Air. Cannon denounced an TN
! iquity and monstroslty." He declared that the
great beating heart OF the intermountain States
was for the free and unlimited coinage OF silver.
/ and they took for their leader on that question
! Henry NJ. Teller. rather than John Sherman. Any
l
! by saying that he voted for the consideration OF .
measure looking in the direction OF the free and
unlimited coinage OF silver-folloving the leader
! ship OF the Senator rom Vermont NTr. MORRILL,.
| the Senator from Ohio Cr. Sherman) and the
Senator from Rhode Island Mr Aldrich). rather
! than the leadership OF the Senator from Colorado
! (Mr. Teller)-would find that his people rejected
his magnificent technicalites and splendid ha.r-
splitting and that they stood the plain common
sense Of the proposition.
Mr. Allison O.ep. Iowa.. chairman OF the Com
mttee on Appropriations. expressed his regret that
so much time mad been occupied In the closing
days Of the session In the discussion OF bill which
it known could not pass a this session There
doubt that all Senators agreed that the
! power OF borrowing money rested in Congress
alone and not In the President.
At this point message was received from the
! House. announcing the passage OF the River and
Harbor bill over the Presidents veto. and Mr.
| Vest Dem. Mo- asked unanimous consent to have
the veto message taken up for consideration i'm
! mediately after the passage OF the bond bill. To
this. however. Mr.. Sherman objected until
arrangement was made for vote on the Filled
! Cheese bill
'It the Senator from Ohio" said Mr. Vest. wants
10 take the responsibility of objectins. he can do
so. but he will get agreement about the Filled
| Cheese bill. | give notice that will move to take
! up the veto message tomorrow morning"
MIR. ALLISON SPEAKS AGAINST THE BILL.
Mr. Allison proceeded with his argument against
the bond bill. That bill. he said. simply .
declaration which had the effect and purpose only
OF repeating the existing power given to the Pres.-
dent IN the statute to borrow money. He gave
! a history OF the fluctuations OF the currency from
| 1851 up to the passage OF the Resumption act in
| ls75-which act. he said. originated with caucus
! OF eleven Republican Senator's That act. he de-
clared was not intended. as Mr.. Brown had argued.
! 70 be construed as provision whereby the entire
greenback circulation to be destroyed
celled and retired In 1878 another act was passed
limiting the volume OF greenbacks to SB,000o.
requiring specifically that they should be paid
out again. He repeated that II never was the In
tent OF the Resumption act or OF any subsequent
statute OF anybody In the United States. TO dis