The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-12-08
The House Votes Eleven
Million Dollars.
THE BOND PROVISION
Williams Attacks This, Declaring Th' re
are Enough Funds in the Treas
urY to Meet All Demands, But
His Argument is Made in
Vain
Vain.
(By the Associated Press. )

10y the Associated 1feSS-
Washington, Dec An appropria-
ton of $11,OOO.OO0 was voted today
toward the construction of the Pana-
ma Canal. The amount was a COM
premise between the SIC, 100000 car
ried in the bill under consideration.
and an estimate OF something over
$6,0o0.000 recommended by Mr.. Will
iianls. the Democratic leader, to carry
on Inc work until the middle of Jan
ua1lF. Mr.. Hepburn in charge of the
bill suggested that something over
$l1 100000 would carry on the work
until March.
There was no intention manifest to
delay the work. the only argument
for cutting dow nthe original esti-
mate be ng that closer scruting might
be had of the estimates The bin
was amended in accordance. to re-
quire annual reports from canal con-
struction officers covering all detail
of the work, requiring such employe
to give Congress any information II
may 1esire. and restricting all expend-
dtures to money appropriated by
Congress and to that received by the
operation of the property of the
Panama railroad. Otherwise the bill
was not amended. and contains be-
sides the appropriation a provision
removing a tax disability aga INST the
proposed bonds to be issued for the
construction of the canal, thus placing
the bonds on footing with other
government bonds as available for
security for national bank circulation.
and 10 reimburse the treasury for
the money appropriated in the BILL
n,
a poirt of attack today. MIR. VII
liams offered several unsuccessful
amendments all seeking to abandon
the policy of issuing bonds for the
canal work on the ground that there
arc sufficient available funds in the
treasury 10 meet all needed demands
for canal work. Mr.. OVerstreet did
not succeed i'm amending the bill so
that the $4,000. 900 ALREADY expend-
cd in canal construction might he re-
funded to the treasury from the 50 10
of the canal bonds.
Incidents of the Debate.
The bond policy of the two parties
occasioncd the feature of the debate,
and resulted in limited political DIS
cuSSions.
Dur NJ the debate Mr.. Clark CMo.)
asked Mr.. Hepburn if all or most OF
purchased by the New York and
Washington purchasing agents. al
though other agents were located at
New Orleans and Tacoma
Mr.. Hepburn had no informative
Mr.. Clark: How many ships
have wo?'
Five
why don't some of them ply be-
tween New Orleans and Panama ?"
81 cannot say
what | want to say is that in my
opinion 'scrimination is being made
against all that territory drained by
that cheaper, all-water rates could be
made from Pittsburg by way of New
orleans than by New York.
Mr. Wanger (Pa.) stated that there
was line of steamers plying between
New Orleans and Colon. but that it
did not give rates as advantageous as
by the governments own boats from
New York
why don't some Of those steam
ers run from New Orleans?" demand
ed Mr.. Clark.
81 understand the port of New Or
leans was closed during q part Of last
season. replied Mr. Wagner.
You are not the man l want to
question retorted Mr.. Clark amid
laughter. Il want to talk to some man
who don't want to cut our business
and give 1t all to the New York gang.
\ Dramatic Fea, ure.
A provision which would operate to
reimburse the treasury for the SIC
100000 already expended in the con-
Struction OF the canal from the sale
OF the canal bonds was proposed by
Mr.. Overstreet. of Indiana. Vigorous
opposition to this was made by NJ.
Williams, of Mississippi. who dramat-
ically calculated: Take this step if
YOU dare. The Democracy challenges
you. There IS drop of water some
where which Will overflow the Gun
What excuse are you TO offer the
American people for borrowing money
at two per cent when you already
have abundant funds in the treasltrv
and deposited in national banks?"
mir. Payne. of New York. followed
also in opposition to the amendoment.
This sum had already been paid and
there WAS no need to nut it back into
the treasury. I'VE are running pretty
close" he said. "our receipts and ey-
are about equal. IF this
abundant prosperity should continue
not have a deficit. But no man or set
of men viii be able to work out the
revenue problem SO as to make the re-
cipts ami expenditures even" 4 sur
plus. ne said, was absolutely necessary
the gentleman from
from mississippi. who had been BARK
ing into that hole for a long time but
without attracting very much atten-
ton from the American people.
Arguing for the necessity of main