Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-02-14
AT The NATIONAL CAPITAL
Plan Proposed to Senate by ReOrgan-
izati0n Committee of Union
Pacific Railroad.
GREAT SILVER DEBATE In The HOUSE
Ex-speaker Crisp Opens with Ring
ing Talk for the White Metal
Treasury Currency Juggling
Sharply Criticised.

Washington, Feb. l4.-WlnsloW ..
Pierce, acting for the reorganization
committee Of the Union Pacific Railway
company, to-day submitted to the senate
committee on Pacific railroads reorganl-
zation the draft of a bill for reorganiza-
tion. The bill provides for: The APP
pointment by the president subject to
the approval of the senate of a commits
sion of three members to investigate, de-
termine and report to the president the
fer cash value of the claim and hen of
the United States; 2--authority to the
commissioners to subpoena and examine
witnesses and have process served in
courts; 3-a report Of the commissioners
or a majority, subj ject to the approval of
the president, is to be conclusive as to
sum which may be paid for the claim and
lien of the United States, the secretary
OF the treasury, upon such payment, to
execute an instrument of assignment of the
lien and claim, reserving sinking fund; 4
authority to the purchasers organizing a
new company to acquire and operate the
lines and property of the railway COM
pany with such corporate powers as are
necessarily involved; 5-repeal of the
provisions of the prior acts which would
be inapplicable to the reorganized COM
pany under the new conditions, and
reserving the governments preferred
right for transportation of mails, troops,
munitions of war. ETC.; 6-authority and
direction to the attorney general, in de-
fault of payment of the amount fixed by
the commission, to foreclose the lien of
the government, and upon sale to bid the
amount of the Indebtedness to the United
States; Preservation of remedies to the
United States and of power to alter,
amend or repeal.
SILVER DEBATE IN THE HOUSE.
The public and private galleries of the
house we're thronged to-day in anticipa-
tion of the closing debate on the senate
free coinage substitute for the bond bill.
Under the arrangement made yesterday,
an hour was allowed each side for closing.
Mr.. Crisp, Democrat, of Georgia, rep
resenting the free silver side, said that
this was an economic question, and, no
matter what views members might have
entertained in the past, he assumed that
in casting vote to-day each would do so
conscientiously in accordance with the
dictates of his convictions.
Mr.. Crisp opened the argument proper
with the familiar words: SIN 1878 con-
gress demonetized silver" He affirmed
the existence of we'll defined purpose
by those in authority both here and
abroad to depress the price of silver in
order to prevent remonetization.
He cited the manner in which the
Bland-Alison act Of 1873 was executed,
the coinage of the minimum amount
under the act and the refusal of the treas
ury after few months to coin silver
under the act of 1890.
SECRETARY CARLISLE CRITICISED.
He cited Secretary Caslisle's refusal to
give silver for gold in 1898, because sill
yer was needed for the redemption OF
treasury notes, and his course a few
months afterward in redeeming those
same notes in gold.
"What kind Of juggling is thats" (Ap-
plause.)
Every obligation of the government,
bonds, greenbacks and treasury notes,
was payable in coin, he continued. If
that was not true and they we're gold obli-
cations, why did not those who believed
that have the courage to say so and save
the tax-ridden people of millions of in
terest.
In February, 1895, congress could have
saved the people $16,0Oo,OO0 of interest
by authorizing gold bonds. "Congress
refus.d," said Mr.. Crisp, and 1--WE paid
$1600OD00 for the privilege of paying in
silver and now you attempt to deny our
right to do So" (Applause.)