The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-05-24
MONEY FOR WAR PURPOSES
SENATE RESUMES CoNsIDERA-
TON OF REVENUE MEASURE
Mr.. Chiffon, of Texas, FavOrs Fur
nishing Ample Funds, but COun-
sells Caution and Moderation
The Silver SeignOrage PROPOSE
ton ProvoIes Somewhat Acri-
mOniOus Debate.


WASHINGTON. May 2S-At the
opening of today'sl session of the sen
ate a communicationrWas received from
Secretary Of War Alger, together with
draft of bill providing for a gradual
! increase in the number of officers Of
the corps Of engineers. The bill pro-
vides that the corps of engineers of the
army shall consist hereafter of one
chief of engineers with rank of brig
adler general; seven cplonels, fourteen
lieutenant colonies, twenty eight ma
jors, thirty-fve captains. thirty-one
jors, thirty-fve captains, thirty first
lieutenants, twelve, SECOND lieutenants.
and the battalion Of engineers. All pro-
motions shall be made by seniority. The
communication and bill were referred
to the military affairs committee.
After the transaction of some rou-
tine business Mr. Allison called up the
war revenue measure. He announced
that when the senate adjourned on Fri
day the pending question was on the
amendment offered by Mr.. McEnery,
removing the proposed corporation tax
from certain classes Of corporations,
which were such in name only. He
added that an agreement had been
reached, for the convenience of the
senate, to first consider the excise tax
en- persons, firms, companies and corr
porations That amendment, Mr. ALI
son thought, ought to sbe disposed of
before the remaining parts of the bill
were taken up; 5;-sf Goes1titi.P =
| MoDBRATIONTURGED.
tended and carefully written speech
| upon the general features of the war
revenue bill. Zen 5Fi
Mr. Chiffon said that the Ddngley law
and the pending bill had very near
relationship. He desired to show that
the receipts Of the .lDingley law were
not sufficient to meet the government s
! demands LIZ
Then you are making speech pure
ly for political effect" suggested Mr..
Spooner.
II cannot foreten what it's effect may
be-" replied Mr.. Chiffon.
! Mr.. Chiffon defended the proposition
| Of the majority of the finance commit
| tee to issue certificates against silver
seignorage.
THAT issue would amount" inquired
Mr.. Aldrich, 'fto about 81, 1000, 900; be-
lieve you say?" = 2-ai
Eyes, that is true" replied Mr.. Chill
E, ton. r9f
"It Is evident" said Mr.. AIdrich, '4f
the present price of silver be adopted,
! the profit upon this so-ealled seignorage
would be far greater than $4,000, 900. If
| you are going to issue fiat money, why
do you not proceed to do 1T without
the pretense of issuing money against
a supposed seigniorage 2"
Taking a silver certificate from his
pocket, Mr.. Aldrich read from it's face
the statement that there was on de-
post in the treasury blank silver dol
lars, payable to the bearer on de-
mand.''
| If certificates are issued against the
so-called seigniorage," continued Mr.
Aidr1ch, there will not be one single
silver dollar deposited in the treasury
Ihere has been none deposited there
and there can be none In the very ma
ture Of things. Why should we not is
sue hat money and call it such p
After further discussion of the meas
ure. Including the proposition to tax
corporations and the issue Of green
backs, the bill was laid aside.
MR.. PETTIGREW'S SARCASM.
Mr.. Frye CNe.), who was In the chair,
called Mr.. Carter to the chair in order
| that he might report a bill from the
| committee on commerce. He said that
he regretted exceedingly to admit to
American register foreign-built ship
! no IL l-op n
necessary, although it did appear to
be a sort Of blackmail that the war
department was levying upon congress
in making the request. The bill pro-
vided for the admission to American
registry Of the steamer Zelandia. Mr.
Frye said he had justa received tele-
gram from the war department, urging
that the bill be passed, as the ship