The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-05-28

Cdcill lOtloNtu.
Mr.. Cockrell followed Mr.. Nelson. II,
avowed his intention to support tn
government in the prosecution OF tn
war to a successful issue. Yet he mus
be the judge OF what was necessar,
and there must be no dicta ton on thil
point. He commended that the bill a
reported. including provisions for tn
coinage OF the seigniorage and the Is
suance OF treasury notes n the elm
fnatfon of the bonds. would provide SUI
ficient revenue for the conduct OF the
a Mr.. Cockrell devoted his especial
attention TO the coinage OF the seignior-
age. going minutely into the points in
volved.
MI. Cockrell made a long argumen,
in v of the free coinage OF silver
and the issue Of legal tender notes. He
maintained that an issue of g~reenbacks
was Infinitely preferable to an interest
bearing, ~untaxable obligation which af-
forded a hiding place for the money OF
capitalists, who through bonds, could al
ways be assured of gain without chance
of loss. He said that the idea of send
ing the proposed bonds to the postoffices
in order hat they might appear to be
a popular loan was a fraud and a fake
on the face of IT," The bonds. he main
tanned. would be paid for in gold and
the net amount of gold was not In the
hands of the people, but in those Of the
CdDlta1lSts, anu CdDlldliSlS Npuiu tOn-
troll the issue.
Mr.. German of Maryland said he APP
proved OF some provisions OF the house
bill and some of the amendments made
by the senate committee.
The burdens ought TO be placed upon
the large interests able to pay the
taxes. instead of upon the people re-
CARELESS of their conditions. The
people. he maintained, SHOULD be ex-
empted from the offensive and bur-
densome stamp tax. He said IL had
been declared during the debate that
the corporation tax. IL enacted into
law, might be decided by the supreme
court to be unconstitutional. thus re-
iterating a decision as Infamous" as
that on the income tax.
Now Is the time" he declared.
while we are engaged in war. to test
the supreme court on the corporation
tax. A decision against IL will not de-
stroy m financial structure. but IL
will destroy the court. The American
people would amend the constitution
so that in time of war might be
levied upon all interests justly and
~equitably."
Mr.. German then formally presented
his amendment to the bill. providing
for a tax upon corporations, which was
brought out yesterday by Mr.. White.
He made a strong defense of its provi-
sions and appealed to the senate to en-
graft IL upon the bill.
In the course of a discussion of the
proposed coinage of the silver seign-
forage. Mr.. German held that II in
volved a political contention OF eight
years standing.
I'm my Judgment" said he, "it would
be unwise. IL would be fruitless. to at
tempt to force hat question to the
front while the country has the Span
ish army and navy to confront. That
is a question we ought to fight out in
time of peace. l have always been a
partisan. / have voted for my party
even when some of its candidates did
not quite meet my approval. But in
a crisis like this / do not know my
party. / know only the highest in
terests of my country. Knowing how
sharp is the political division upon
this proposition. l cannot vote at this
time. 10 matter how Just 1t may be
in the abstract or as a proposition
standing alone"
Mr.. German advocated an issue of
bonds. He declared that II the bond
proposition should not be enacted into
law the crisis would come, perhaps
within "A few days. and the president
would be forced to issue bonds under
the act of 1875 at regular 4 or 8 per
cent interest. He thought the presi-
lent would be fully justi1ed I'm selling
at least $500. 900, 900 bonds in protection
OF the dignity and honor of the coun-
try and lnsuring the success OF our
arms. MIR. German. in conclusion. de
clared his opposition TO the issue of
legal tender notes.
Mr.. Allison. in charge OF the bill.
proposed that a time be agreed upon
TO vote upon the series of amendments
relating to corporation taxes. MI.
Jones, dem, Ark, objected on account
of the numerous important amend
ments offered to the bill, which had
materially altered the situation. 1t
was agreed that the senate should
meet at / o'clock tomorrow.
At $40 the senate went Into exec
utive session and soon afterward ad-
journed.
In the House.
Washington, May 27.-The house was
this afternoon inactive for more than an
hour while a roll call was taken and the
sergeant-at-arms was engaged In bring
ing In absent members to make a quo
rum, the absence of which was disclosed
by the roll call. The suspension was
caused by a wrangle growing out of the
attempt of Mr.. Tongue OF Oregon TO de-
liver a general pension speech when the
house was considering a private pension
measure, Dalzell of Pennsylvania in the
chair.
Mr.. Richardson, dem, Tennessee. made
the point of order that the speech of Mr..
Tongue was not german to the pending
bill.
Mr.. Cannon, rep, Illinois. took issue
with the Tennessee member The speaker
sustained the point of order and Mr.. Can
non appealed from the decision. Upon the
motion OF Mr.. Richardson TO table the
appeal there were 81 votes In the afirma-
tive and IL in the negative.
MIR. Cannon made the point OF no quo
rum and a roll call OF the house followed.
IL was more than hour before the requi-
site quorum appeared. The appeal was
then laid upon the table-yeas ls4. nays
sand consideration of private pension
bills proceeded. With the foregoing ex-
ception to-day's session was without Incl
dent.
Presidential Nominations