Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1901-02-07
AN $So0,0oo,0QO
A' SESSION
The Appropriations Made l,! BY a Single
Session Of Congress Will Soon
Reach a Billion
COLONEL BRYAN ON PARITY
His Are umsnt Against Making the ; STAND an
ard Silver Dollar Redeemable in e0l0
He Still Believes in Two Kinds
of Money.
SENATE.

uos,ineton. February 1.-THE senate
hos nassed the pension approprratl
hill and has taken up the snip suosru'
hill McLaurin of South Caroi'i'' i
snaaking in favor of the measure
There was 8 di ussion in the sehat'
to-day concerning the anoull W @p
nronriations this session, all IN repl'
to a question by Mr.. Morgan seha ~
Allison, the chairman of the seAs''
committee on appropriations salu n'
thought they would amount TO s'oo'oOo''
Ooo with obligations for $6o,Ooo'ooo ilioie
fo,. future sessions. Mr.. Hale thousn'
the amount would be nearer $soo'ooo'ooV
for this session. He said the tlae Oh eA-
nenditures rs steadily rising. "A le"
wears ago the country was shocheo a.
a .'billion dollar congress-, ana SOON we
wonld have a billion dollar session. MT
Teller said the last session appropriated
$3.50, 900, ,O0O and a member OF the appro-
nriation committee of the mouse nau
said that there should have been $loo'-
100000 more, as some future session
would be called upon to make up tha1
amount.
While Mr.. Morgan was discussing the
shipping bill in the senate this AFTER
noon, Mr.. Spooner asserted that the
shipping bill was not party measure.
Mr.. Allison of Iowa assented to this
statement.
HOUSE.
Washington, February THE post
office appropriation bill passed the
house.
BEATING AROUND THE BUSH.
WASHINGTON, February chairman
Southard, Of the house committee on
coinage, to-day received from 'Wllllam
j, Bryan the latter's view of the pend
ing bills before the house making tine
standard silver dollar redeemable IN
gold. Bryan says in part: "The bill mas
the double purpose-frst, to convert
the standard silver dollars into sub
sdiary coin, and, second, to make sill
yer dollars redeemable in gold on de-
mand. In discussing the subject, how
ever, it will he more logical to CONSIDER
the latter proposition first, as redemp-
ton is only a step toward retirement.
"There is no necessity for redemption.
The legal tender law will maintain the
parity between gold coin and silver dol
lars so long as both can be used ITO an
unlimited extent in the payment or
public revenues and private debts. /
should, perhaps, say parity will he sub
stantially maintained, for local and
temporary conditions may under any
law put small premium upon any kind
of money.
'As soon as the silver dollar is made
redeemable in gold another endless
chain will be created and the argu-
ments used against greenbacks and
treasury notes will then be turned
against silver
Mr.. Bryan says further: The measure
recommended by the committee, gives
financiers absolute control over the ma
tional debt. The conversion of the
standard silver dollars into subsidiary
coin is equivalent to the retirement OF
silver as standard money, and this is
the last act in the program Instituted
some twenty-seven years ago and per-
sistently pursued ever since.
ITO convert the standard money into
credit money is to marrow the founda-
tions of our financial system, and at the
same time enlarge the superstructure.
Such course weakens the system, ana
both hastens the catastrophe and in
tensifies it when ut comes"
In THE postoffice appropriation bill,
the amendments to strike out the ap-
preparation for special mail facilities
were defeated
sBRANCa MINTS.
Washington, February 7.-The house
committed on coinage to-day acted ia
vonably p bills establishing branch
mints at omaha and Tacoma.
PRESIDENTIAL NOMINATIONS.
Washington, February THE presi-
dent sent the following nominations to
the senate: Thomas Fraser, register or
the land office, Sacramento, CAL; Will
liam w Newcum receiver OF puphc
moneys, Sacramento; to be judge an-
yocate, with rank of major, Capt. Ed
gar S. Dudley, assistant quartermaster
United States army (major and judge
advocate of volunteers).