Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-05-03
CREDIT FOR STRICKEN CITY
Senator Eewlands introduces Resolution for
Home Government Guarantee Bonds,
CALIFORNIA SENATORS NOT CONSULTED
Mr. Perkins Says No Action should
he Taken Until Council and
Legislature Consider
the Subject.

| ton Of the city of San Francisco was made
| evident in the senate today The question
| came up on Mr. Newlands resolution di-
| recting the finance committee OF the senate
and the ways and means committee Of the
| house to consider the feasibility Of the
governments guaranteeing bonds to aid in
the rehabilitation of the stricken city.
The Nevada senator discussed the resolu-
ton at some length. contendng for the
| regularity OF his suggestion and enlarging
upon the desirability of making the city a
more attractive center of population than
it had ever been. Both Mr.. Flint and Mr..
Perkins deprecated the introduction of the
resolution as unwise at this time and both
indicated their opinion that the California
delegation should have been consulted be
fore the presentation of the measure. The
resolution was referred to the committee
| on finance.
Mr.. Daniel concluded his speech on the
rate bill.
The army appropriation bill was read at
length, but it's consideration was not con-
cluded. An amendment appropriating the
sum of N,5OO,OOO for a supply depot at Fort
| Mason, San Francisco, was accepted, as
was also a provision authorizing a SUBJ
marine cable to Panama at a cost OF
100000
At the opening Of the session Mr.. Per-
kins presented a teegraphic petition from
Governor Pardee of California for the pay
ment of the claims of that state against
the government, for the settlement Of which
bills are now pending The text of the Pc
tition was as follows:
VIII congress in Californias great need
pass our per cent public lands claim,
amounting TO about 81. 100000; also our war
Of rebellion claims. aggregating tt,0O0,o0O;
also our Indian war claims, originally $780,
OOO, on account of the destruction Of $500.
100000 of San Francisco property, which
represents one-hfth of the assessed valua-
ton of the entire state? Our state funds,
including maintenance of asylums, peniten-
tiafy, and repairs of public buildings in
jured and destroyed by earthquake, will
all be greatly hampered unless congress
can see It's way clear to pass these claims.
the Justice of which has never been seri-
| ously questioned. We are under great OBJ
legation TO congress already, but we ven
ture to ask for this further aid.
The petition was referred to the commit
tee on claims.
Resolution by MIR. NewIands.
Mr.. Newlands presented a joint resolu-
ton directing the senate committee on
finance and the house committee on ways
and means to investigate the feasibility of
the governments guaranteeing bonds to
assist in the rebuilding of San Francisco.
The resolution recites the recent disaster
ohN soy thoL ufluet lHS pOWtTH Oh B6HtTdl
welfare clause of the constitution congress
should come to the aid OF san francisco.
The resolution follows:
> Resolved, BY the senate and house oi
representatives In congress- assembled
That the committee on ways and means
= or the house of representatives and the
committee on finance of the senate con.
slider Jointly the various plans for financial
e and that they report to congress whether
s or not II is advisable or practicable fol
the national government to aid in the
restoration of San Francisco, either by
: a guarantee of credit to the city of saf
n Francisco, which will enable the city t
secure at low rates of interest the money
: necessary for public works, well al
: the money necessary for the restoration
r of the commercial, residential and manu-
be loaned at fair rates OF interest to prop
8 erty owners upon note and mortgage, sucf
guarantee of credit to be conditioned upoI
the approval by commission, to be ap
pointed by the president of the United
States, OF the plans proposed and the ex
e penditures made Hereunder; or whethe
Il 1t is practicable or advisable to promote th'
r organization of a great financial corpora
y ton, national or state, half of whose stool
: shall be taken by subscribers for cash anC
: half of which stock may be taken by SaI
Francisco property owners for propert!
conveyed to such corporation at an ap
praised valuation, the cash subscribed t
be used either for loans to individual own
= ers of San Francisco property, or TO b.
h expended In improving property so con
~ veyed to such corporation. with provision
II for the gradual sale of such property afte
70 the successful completion OF the work o
restoration such plan to involve profit Il
the stockholders thus co-operating; ant
whether or not It Is practicable or adyisabl
for the United States to invest in tn
q stock OF such corporation or make a LOAF
r. to such a corporation on the lines hereto
fore pursued by the national government
in aid of national expositions for the pro
motion of commerce between states ant
with foreign nations, or whether any othe
> plan is. advisable or practical for nations
aid in the restoration of San Francisco.
\ That whatever plan of aid be advised.
D9T,enceS in exposition building, to be ap
pointed by the president, by and with tn
advice and consent OF the senate. shal
be included. with such powers OF contrc
te over both plans and expenditures, as ma
a ! be deemed advisable.
- Mr. Newlands had read a newspaper clip
= ping from the New York Herald contain
% ing the headlines 'One Hundred Million
a of Dollars for San Francisco" also tina
ts Senator Newlands Of Nevada says thi
10 huge sum has been practically agreed o
n by hnanciers." The extract was marke
an special dispatch to the Herald" and bor
,a.l San Francisco date. Mr.. Newlands sal
he was quite surprised this morning TO fin
this announcement in the New York Heral
N and IN other newspapers.
e. 1T had" he said. doubtless been give
Sc wide currency by the Associated Press.
at He thought a public statement should b
at made by him in explanation of the article
e. The Nevada senator said the wrong I'm
preston is conveyed I'm the headlines owe
ct the story. rather than in the article itsel
IN He stated that It was because the informg
n tion had not been officially obtained whic
e, accounted for any errors which he kne
e We're wholly unintenuOnA.
m Objection by Mr.. Perkins.
u Speaking for himself. Mr.. Perkins e,
~ pressed regret that the resolution had bee
=" presented without consulting the Californi
senators. Congress and the country ha
~ responded most generously TO California
~ pleas for help. he said. and after referrn
III briefly to what FAR had been done. sal
that neither the government, the state
California nor the municipality Of sa
81 Francisco had been able 10 formulate a r.
ge quest owing TO the fact that neither the sta
u legislature nor the San Francisco counC
~ had held a session, and he was oppose
v 90 any action in advance of an oficiaI r
er quest. He had no doubt that Mr.. Newlan,
~ had been actuated by generous impulse
10 but he felt that IL no had consulted q
California senators he might have been di
,r..Ra4 F-arr r,ra..nffng h. ,-..g,t...s..