Santa Fe daily New Mexican., 1897-01-28
Warm Debate in the Senate Regarding
Foreclosure Proceedings Against
Pacific Railroads.
FIGHT AGAINST TIE TICKET SCALPERS
Ticket Brokerage Discussed in the
Senate AS a Violation of the Inter-
state Commerce Law.

cys NHlle tueTe Wab no aOuDG OF tn6 n
cessity for change in the government
financial system, Mr.. Eckles said, the pul
lie was disposed to attribute too much
the existing troubles to lack of none
legislation. Over trade, over productio o
and extravaganoe in private and publ
expenditure, partly induced by speculs
tion, were largely responsible for tn
conntry's business difficulties. The da
had passed when the volume of none
was its most important factor. I'm
proved facilities for transportation an
methods of exchange had lessened tn
Importance of large volume of cur
rency.
Improved credit was more essential
Another essential was the stability of pub
lie credit. The apparent reluctance of tn
people of the United States to redeeu
their public obligations was the chic
cause of distrust. Current redemption
demands and the obligations of the gov
ernme1t were the chief problems. Th
treasury funding and cancelling of thes,
obligations, so that the maintenance o
the gold reserve would be no longer nee
essary, was the most desirable policy
but whether it was most practicable, was
an other question. So far as contraction
of currency was concerned, Mr.. Eckles die
not think it would follow the gradual re.
tirement of greenbacks, provided credit
was reasonably stable. Banks would sup.
ply the needed currency or gold would
come from abroad. The pursuance OF
Secretary McCullooh's policy would have
disposed of the question. Mr.. Eckles
added: Businessmen who constantly
redeem their notes without retiring them
and keep them out constantly, will come
to settling day that will break them"
The chief feature of the banking bill
would be to take from the government
the issue of credit notes. Banks con-
Quoted on practical banking princi Piles
instead OF speculative enterprise, Mr..
Eckles said, would satisfy currency needs
in business.
INTERSTATE COMMERCE.
The senate committee on interstate
commerce heard arguments to day upon
bill introduced by Senator Cnllom to
amend the interstate commerce act 80 as
to prevent the practice of ticket scalping.
George M. Mckenzie, in his opening argu-
ment against the. measure said IL was not
in the interest of commerce. He denied
that the ticket brokerage business ia
founded upon fraud. He said there were
500 men in one association, and 1870 ln
another. He claimed that the bro kers are
necessary to weaker lines, which could
not get any business under traffic agree.
ments.
Senator Cullom asked If the brokers
business did not violate the interstate
commerce law, in allowing discrimination
against large portion of the public, aud
assist the roads to violate the law when
they so desired. Mr.. Mckenzie replied
that he thought this business prevented
THE SENATE.
Senator Allen, of Nebraska, asked the
immediate consideration in the senate TO-
Jay for a resolution he offered, directing
,he committee on Pacific railroads to in
luire into the powers of the president
and attorney general as to the conduct of
foreclosure proceedings against the Pa
,ific roads; also their power to enter into
IN agreement as to sale prior to actual
and directing the attorney
general meantime to refrain from further
sction.
Reading from the law, Senator Allen ar
,ued that the first duty OF the president was
10 redeem the first liens, and not foreclose.
The president, he said, should be bound |
" law as much as the humblest citizen
L this point was raised it was likely to
lefeat foreclosure.
Senator CLARK, Republican, OF Wyom
ng, interrupted to express astonishment
hat Senator Allen, claiming to be
riend of the people, took the position
hat the United States should pay out of
ts treasury every dollar of these liens
,efore resorting to foreclosure.
Senator Allen responded that he could |
lot be moved by blnster. The law was
,lain, and also the duty of the president
lie declared the president could not fore.
lose unless he declined to recognize the
aw, and in the language of "Boss Tweed"
sked, "What are You going to do about
to"
It was time to stop this interference.
The executive branch had taken from
ongress the Cuban and other foreign
luestions, and now there was an effort to
emove all control of domestic affairs.
The resolution went over IN order to
permit Senator Thurston, of Nebraska,
o address the senate on it to morrow.
The debate on the bill for an interna-
ional monetary conference was resumed.
The international monetary bill went
,ver until tomorrow to allow Senator
'ettigrew to speak.
The senate at 2:10 p. m. went into ex
cutive session.
oHANDLER's OPPOSITION.
Senator Chandler opened the executive
ession in the senate by a vigorous
peech, in opposition to Forman's con-
rmation to be commissioner of internal
evenue.
FoRMAN CONFIRMED.
Forman has been confirmed ae commis.
ioner Of internal revenusby vote of
to Is.
ARMY NOMINATIONS.
The president to-day sent the following
ominations to the senate: Lieut.. Col.
[lchael v. Sheridan, assistant adjutsnt-
eneral, to be colonel and assistant adju-
Major j. B. Babcock, as.
stant adjutant-general, to be lieutenant
olonel and assistant adjutant general, {
a pt. John Banister, assistant surgeon,
, be surgeon with rank Of major.
THE HOUSE.
The sub committee Of the house on
acific railroads decided to day to recon- {
lend Senator GearA. bill for commits. !
on to settle the Indebtedness to the
oyernment of the Pacific roads. The
i'll is substantially the one proposed BY
q Harrison, of Alabama,
nd makes the secretaries of the treasury
nd the interior and the attorney general
Tho COMMITTEE
dded an amendment to have the com. /
littee report to congress within q year
Il. A.. -.ssnAA ~ Aha h{11 Id,ti I