Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1898-06-22
BONO SYNDICATE VICTORY.
Peoples Forces Strive In Vain
10 Grapple with the Power
Of Wealth.


sion, an amendment was adopted by
the combined votes of Democrats.
Populists and Silver Republicans TO
coin the silver seignorage and issue
certificates against it. The 81 al
ministration Republican Senators yot-
ed against it. Mr.. Aldrich (ilep.j of
Rhode Island, then pressed thu R3-
publican amendment providing for
the issue of one hundred millions of
certi icates of indebtedness and thee e
hundred millions of bouds to b. used
exclusively fo' the payment of the ex-
penseS of the war. After an tx.end-
Ell debate, by the decisive vote of 45
to 81 the bond amendment was incor
porated in the bill, as substitute
for the amendment to issue legal
tender notes. The bond proposition
received the votes Of 81 Republicans,
Z Democrats and 1 Populist. The
Democrats who voted for it were
Messrs. Caffery, Faulkner, GormaD,
Gray, Lindsay, Mitchell and Murphy
and the Populist was Mr.. Kyle.
When the Bond issue bill was called
ip in the Senate on Saturday, Senator
Morgan, for the Democrats, moved
mother income tax amendment. 1t
directed the Secretary of the Treas
ury to proceed to collect revenues uu.
Ger law sections of the Wilson Income
tax law not directly passed on by the
Supreme Court. The Republicans de-
fcated the amendment.
BY a vote of SO to "a, the R-publi-
cans also voted down motion to tax
the gross receipts of railroads and
telegraph companies.
Mr.. PettIgrew, (silver Republcan)
offered an amendment repeating the
law of 1875 authorizing the Secretary
of the Treasury to issue bond, with
out direct authority from Congress.
The amendment was rejected by the
Republicans.
Mr.. Allen (Pop.) of Nebraska: Of
fered an amendm ent providing that
no bonds or certificates of i9debted-
ness issued be used as basis for ma
tional bank circulation, and tha. the
Secretaty should not have Authority
to issue bonds for any purpose with
out direction of Congress. Ths a.
mendment was rejected by the Re-
pubIicans 81 to AZ.
Mr.. Jones, of Arkansas, proposed
to make the redemption of the bonds
optional with the government within
twenty years. The amendment was
defeated
An effort was made by Mr.. Jones,
of Arkansas, to make the bonds pay
able at any timo after three years at
the option of the government, but
that, too, was defeated-31 to AZ.
Mr.. Butler (Pop.) of North Car
olina, offered the proposition to es-
tablish postal saving system in lieu
of the bond provision of the bill.
The amendment was reja;tsd.
In lieu of the bond provision Mr..
Stewart offered provision for the is
sue of treasury notes to the amount
of 100000 900 receivable fox govern
ment dues. The amendment was
laid on the table-5i to IS.
Mr.. Trupie (Dem.), OF Indiana,
proposed as substitute for the bond
provision proposition to is,ls $780,
600, 900 of treasury notes OF denomi-
nations of So. $40, $40 and $50, or
multiples thereof, the notes redeem
able in one year payable in three
years f ON date of issue, to bear
per cent interest, to be good for pub
lie dues and to bs used by the gov
ernment in payment OF war expenses
The amendment was rejected-28 to
As.
ALI amendments which would have
given the country an increase of cash
instead of an increrse OF bonded debt,
were thus defeated, but tax of ten
cents pound Was put on tea and The
bill as thus amended was pas ell.
In every respect it was a victory
for the bond syndicate and the rep
resentatives of the people grappled
in vain with the power of wealth.
The Journal of Agriculture com
ments:-
The Leading event of the week, OF
the year and one OF the last quarter
of century was tue triumph of the
rllied forces of European aud Wal
street Plutocracy in Congress. The
advocates Uf American Independence
were worse whipped in the fight
against the RothchiId bond policy
than the Spanish fleet was al
Manila.
In res ponse TO the Grst call for vol
unteers Kansas supplied 250 more
tnan her quota. Many states failed
10 furnish the number called for.