Evening Star Newspaper, January 18, 1894, Page 1

THE EVENING STAR. PUBLISHED DAILY EXCEPT SUNDAY. Ba: Saver : FURDAY QUINTUPLE Tin Lore ree (Entered at the Post Office at Washington, z A ocala sal matin ~ —— ‘All mail subscriptions must be paid in advance. Kates of aivertising made known on application Che Lvening Star. Vor 84, No. 20,785. IN CONGRESS TODAY. the Senate. WR. MORGAN QUESTIONS THE AUTHORITY Free Wool the Chief Subject De- bated in the House, 4 HE WHEAT QUESTION. F . Hoar (Mass.) called attention to the that the letter from the Secretary of ‘Treasury to the chairman of the com- mittee on finance—a very important letter— which had been laid before the Senate on the printers. He asked that the omission be supplied and the letter printed in the Record tomorrow; and it was so ordered. The presiding officer (Mr. Harris, said that he very seriously regretted hav- ing to lay before the Senate the following Jetter: SENATH CHAMBER, Washington, D. C., Jan. 18, 18¥4. ‘To the Vice President of the United States: Sir: 1 respectfully advise you that I have forwarded to the governor of Mississippi my resignation of the office of Senator in the Congress of the United States, to take effect on the 24th instant. EDWARD C. WALTHALL, The letter was placed on file. Mr. Peffer on the Bond Issue. Mr. Peffer (Kan.) offered a long pre- @mble and resolution iting the notice for the issue and sale of 5 per cent bonds given by the Secretary of the Treasury, and published in this morning’s papers, and de- claring that, in the opinion of the Senate, the Secretary of the Treasury has no law- ful authority for issuing and selling bonds as "This resolution went over until Thursday next, Mr. Allen giving notice that he would address the Senate upon it on that day. ‘The civil service resolution of Mr. Call (@la.), which was under discussion yester- day, was laid before the Senate and post- Pfouse bill to improve the methods of ac- th inthe Office Department van ‘om motion of Mr. Vilas (Wis.), taken from the calendar and passed, with an amendment. . ‘The McGarrahan Claim. Mr. Teller (Col.) moved to take from the calendar the bill to submit the McGarrahan claim to the court of private land claims. Mr. Morriss (Vt.) objected to its consid- eration today, and then Mr. Teller gave notice that he would move to proceed to its consideration on the next legislative day, immediately after the morning busi- ness—but not to interfere with the federal elections bill. On motion of Mr. Gorman (Md.) it was ordered that when the Senate adjourned to- day the adjournment shall be till Monday next. House bill reculating the method of ad- vertising for supplies in the departments at Washington was, on motion of Mr. Cockrell (Mo.), heecor Benbeor the calendar a ith amendments. wry oo (Nev.) said that he felt very sensibly the force of Mr. Morgan's remarks, but he regarded this as a very meritorious case. . Gray Del.) expressed his concurrence with Mr. Sherman's view as to confinirig the erecting of monuments by the national government to the District of Columbia. Mr. Daniel's Change. Mr. Daniel (Va.) said that he had voted for the bill, but that he would now vote against it as he did not believe that the | financial situation of the country would jusufy him, at this particular juncture, in following the suggestions of his own heart and the inclination of his patriotic desires. The bill was finaliy passed by a vote of 32 to 15, and the federal elections bill was taken up. The Senate at 3 p.m. today went into ex- ecutive session. This will be the last op- tunity to reconsider the vote on the jornblower nomination. Adjourned Until Monday. ‘The doors were re-opened at 3:10 and the Senate then adjourned until Monday. THE HOUSE. After the disposal of some routine busi- mess, the House passed a bill authorizing the Chattanooga Wesiern Railroad Com- pany to construct a bridge over the Ten- nessee river near Chattanooga city. A jeint resolution authorizing the joint committee on the library to grant to the chiei justice and associate justices of the Supreme Court of the District of Columbia the same privileges of the library as are enjoyed by the members of Congress was also passed. At 11:25 the House went into commit- tee of the whole to consider the Wilson bill. The Wool Question. Mr. Richardson (Tenn.) took the chair, and Mr. Hare (Ohio) addressed the com- mittee. His remarks were mainly directed to the wool question. He stated that un- der a high tariff the price of wool had been steadily decreasing. He announced himself as an advocate of a tariff for revenue only. Mr. Grosvenor (Ohio) said that there were 75,000 wool growers in Ohio and that the} falling off of the democratic vote in the last election was mainly im the wool-growing sections. He referred to the news in the papers this morning that the Secretary of | the Treasury was about to sell bonds. The inference was that the treasury was about to go to protest—that it was bankrupt. In | such a state of affairs, he asked what rea- son there could be for throwing away the income to be derived from the 300,000,000 | pounds of wool which came into the coun- try every year. | In answer to a question from Mr. Hunter | (iL) as to the cause of the fall in the price of wool in recent years, he said the price | of Ohio and Australian wool had fallen in London in the same ratio as in this coun- try. If America cannot produce within 800,000,000 pounds of wool necessary for the manufacturers in this country, why rot impose a revenue tariff on that wool? “We need the money,” continued Mr. Grosvenor. “The democrats come here ani try to cut down the revenue by $75,000,000, | while the Secretary of the Treasury is en. deavoring to sell bonds at 5 per cent in order to save the treasury from bank- ruptcy.” American Sheepgrowers Referred to. Mr. Ellis (Oreg.) said that putting wool on the free fist placed American sheep growers in direct competition with Austral- jan and Argentine wool growers. There were over 100,000,000 sheep in Australia| and 60,000,000 in Argentine against about 40,000,000 in the United States. It costs Australian wool growers about three-quar- ters of a cent per pound to get their wool to market, while it costs the American from 3 to 4 cents. In the matter of wages, too, the Austral- ian wool grower had a decided advantage over the American. Here a shepherd was paid from £10 to $# per month to take care of from 300 to 400 sheep; his Australian prototype got a maximum wage of $20 for «arg for 2,000 sheep. | “It is time to quit booming charity,” said Mr. Ellis, “and begin booming America and American workingmen.” (Republican ap-| plause.) Mr. Davis (Kan.) took the ground that the | country Was not prosperous under the high protective tariff. He gave statistics of the per capita debts in many states. He said debts did not indicate prosperity, and the enly case he knew of where men lived on their debts was the national banking sys- m. Mr. Davis was frequen’ly interrupted by | questions from Mr. Hopkins (Ill) and from others. He contended for free wool, and said that at the time of free-wool agitation in England the English farmers protested just as our farmers were now doing, but their protests were ignored and wool made free, when the woolen industry immediately increased. Mr. C: on Whea Mr. Cannon (Ill) was granted fifteen min- utes to speak on the tariff question. He said it was necessary to utilize and develop the industries now existing in order to pro- vide for the time when we should have a Population of 250,000,000 people. He then drifted into the wheat question. He ac- counted for the fall in the price of wheat by stating that we had but two customers in Europe, and that with a smaller demand abroad there was a smaller demand in this country. He was interrupted frequently by Mr. Simpson (Kan.) and others. He was not quarreling with the policy of Great Bi ; he thought for her it might be a wise policy, but it resulted in making 800,- 000 paupers, whom it cost Engiand ¥5v,0uv,- 000 a year to support. Mr. Pendleton (W. Va.) asked Mr. Can- non whether he did not know that prior to the passage of the free trade bill there were over a million paupers in a popula- tion less than half the present population. “No, I do not know it,” said Mr. Cannon, shaking his head energetically, “and neither does the gentleman from West Vir- ginia.” (Republican laughter.) When Mr. Cannon took his seat he was vociferously applauded by his republican colleagues. Mr. Outhwaite on Free Trade. Mr. Outhwaite (Ohio) accounted for the fall in wages by stating the proposition that “where there are two men seeking one job wages will go down; and when there are two jobs seeking one man wages will go up.” That free trade did not oper- ate to lower wages was shown by the fact that wages in England had steadily in- creased since the adoption of the free trade Policy, and that wages in free trade Eng- land were twice as high as in protected Germany. He laid particular stress upon thé fact that the democratic party had been pledged to free wool since 1885. In reply to a question as to why. they had not put a revenue tax on wool, Mr. Outhwaite said it was not a good subject for taxation, and, moreover, a revenue tax upon it would be a pretext for raising the price of the finished American product. A question of recognition was precipitat- ed when Mr. Johnson (Ind.) and Mr. W. A. Stone (Pa.) arose to speak. The chairman, Mr. O'Neill (Mass.), recognized Mr. Stone, when Mr. Johnson asked, under pretense of making a parliamentary inquiry, in what way a member could get recognition from the present occupant of the chair. ———_+ e+_____ THE HAWAIIAN QUESTION. Mr. Rayner Thinks It Will Come Up When the Tariff Bill is Passed. What will be done when the tariff bill is out of the House is a question already en- gaging the attention of the managers. A member of the committee on rules today said he believed the first thing the House would take up would be the Hawalian question. “I think the bill to coin the seigniorage of the sliver in the treasury vaults will be compelled to wait until the discussion over the Hawaiian affair has been exhausted. That will require more than the two days which it was originally intended should be devoted to it.” Representative Rayner of Maryland, who is one of the democratic members of the foreign affairs committee, and who has given much thought to the Hawaiian com- plication, said today: “I think this matter will be taken up as soon as the tariff debate is closed. The whole subject has been submitted to Con- gress by the President, and it is absolutely necessary to consider it. “Aside from the questions relating to the ecnduct of Mr. Stevens and the still broad- er question of annexation the practical question which we will have to deal with is as to our future course in connection with the provisional government, or what- ever other government may succeed it. Evidently our relations with the islands, so far as the Department of State is con- cerned, must be determined. The recogni- tion of a de facto government is all right and proper so long as the de facto gov- errment continues. But we must decide upon some settled line of policy in refer- ence to the whole question that is involved in this controversy. We could not abandon the matter if we tried, because Congress must take some action, some proceeding, which will be recognized as final, not only by our own people, but by the government of Hawali well.” This was all that Mr. Rayner cared to Say, Inasmuch as the subject will soon be before the House, and he is expected to speak upon it from his committee. It is well known, however, that the line of ar- gument that Mr. Rayner and other demo- cratic members of the committee will take will be that a great wrong was committed in the overthrow of the monarchy; that Mr. Stevens was one of the moving spirits in the conspiracy; that he was guilty of vio- lating his duty as a minister and all usage of international law in heading the move- ment to overthrow the government to which he was accredited. The further ground will be taken that the restoration of the queen is utterly impracticable; that even admitting the provisional government was brought into existence through the efforts of the United States minister that government must be recognized as de facto and that Congress will treat with it until it may be superseded by such other form of government as may be determined upon by the wishes and suffrages of the people. —$<__—__ss—____ ARTISTIC DESIGNS Of the Medals and Diplomas Awarded at the World's F: There is no immediate prospect of the distribution of the medals and diplomas awarded at the Columbian exposition. ‘The diplomas will not be ready for delivery for three months, and it will be a month later before the medals are finished. They will both be of great artistic beauty, and will be highly prized by their recipients for reasons independent of their commercial value. The design for the medal is the work of "St. Gaudens of New York. Une side is historical and the other empiemati- cal. The historical side represents Colum- bus stepping from his boat. There is no perspective in the design, that quality having been cut off by the broad folds of the flag of Spain, which ts borne by the sailor directly behind Columbus. ‘The other figures stand out against the emblem. ‘The mest daring innovation, however, is to be found on the emblematic side of the medal. Rejecting all precedents, St. Gaudens has represented America as a splendid specimen of lusty young manhood. Leaning easily against an oak, this undraped youth holds in his right hand three wreaths. In the distance stand the pillars of Hercules, with a scroll bearing the legend “Plus Ultra.” The oak typifies strength, and the boundary posts of the ancient world, with their legend, suggest how much the new world surpasses that known to the People of classic lands. A notable feature of the medal will be the stamping of the name of the recipient in such fashion that each medal will be as complete as if it were the only one struck. The design for the diploma has been pre- pared by Will H. Low, to whom America appears in the guise of a lovely female, to whom the youth Fame is furnishing a multitude of wreaths. The diploma will have a distinct value as a work of art, so that the artistic standard reached by the fair Itself may be continued in the me- mentos of it. +. Expected Return of Minister Thurston Lorin P. Thurston, the Hawaiian minis- ter to the United States, is due in Washing- ton tomorrow from San Francisco, where he landed last week after a flying visit to Honolulu. Frank P. Hastings, the Ha- waiian charge d'affaires in Washington, called at the State Department this morn- | ing and notified Secretary Gresham of the expected arrival of his chief. Am index to advertise. ments will be found on Page 3. WASHINGTON, D. C., THURSDAY, JANUARY 18, 1894—-TWELVE PAGES. TWO CENTS. Mr. Walthall Retires on Account of Til Health. HE THINKS DUTY REQUIRED I. Enfeebled by the Grip and Obliged to Leave Washington. GENERAL REGRET EXPRESSED. Senator Walthall of Mississippi has re- signed his seat in the United States Senate. Last evening he sent the following letter to Governor Stone of Mississippi, which ex- plains the reason of his resignation: SENATE CHAMBER, WASHINGTON, January 17, 1804. Hon. J. M. Stone, governor of nage (rs My Dear Sir—The condition of my hedith compels me to seek a milder climate for the remainder of the winter season. The alternative is presented me of re- signing my present position or absenting myself from my post of duty at a time when it is important that our state should have two Senators in their seats. It best accords with my sense of public obligation to pursue the former course, and I trust that it may seem to my constitu- ents, as it does to me, that in adopting it I am affording them the highest proof of my bier of their confidence and will. I am indebted to the people of Mississippi for the highest honors in their gift, repeat- edly bestowed under circumstances which greatly enhanced their value in my esti- mation. To hold to the high trust which they have committed to me when unable, from any cause, to discharge its duties, accord- ing to my own standard of faithful public service, would be an unfit return for their generosity and fidelity. Therefore, I inclose you my resignation, and beg through you to repeat to the peo- ple of the state the expression of my grati- tude and obligation for their kindness, con- stancy and support. I can take no action now in relation to the senatorial term beginning March 4, 1895, for which I was elected in January, 189 Eminent statesmen and lawyers here to whose conclusion I can find no answer, advise me that I have no such present con- nection with that term as warrants me in dealing with it before it commences. When I may lawfully act in that matter I shall be governed, as I am now in sur- rendering my commission for the current term, by what shall appear to be my duty to the people of Mississippi under the con- ditions existing at the time. Your friend and obedient servant, (Signed) E. C. WALTHALL, ‘The Vacancy. Senator Walthall is one of the most popu- lar men in Mississippi and was recently re- elected to succeed himself in the Senate, though he had expressed a desire to retire, before the election occurred. The new term to which he has been elected does not begin until the 4th of March, '95, and his resignation is to take effect, as shown by the letter, at once, leaving the vacancy during this Congress to be filled. The long term vacancy Is a matter which will come later. Mr. Walthall was appointed to the Senate to succeed Lamar, and has been re- tained in that body by election since. He is a man enjoying the unqualified tion and friendship of his colleagues in the Senate, and his retirement will occasion re- gret. His retirement ts entirely due to ill health, which constrained him to seek a milder climate than that of Washington. A Victim of Grip. He is one of the many victims of the grip. When that dread disease first appeared in Washington three or four years ago he was attacked by it, and each year has suf- fered from its recurrence. Just about the close of the last Congress he was taken down and was confined to the house for six or eight weeks. A Surprise to Missinsippi The resignation of Senator Walthall was @ surprise to the Mississippi delegation and there is very little basis for an opinion as to who will succeed him. The legislature is now in session, but as they have not an- ticipated the duty of selecting a successor to Mr. Walthall there has been no canvass of candidates. It is probable that the names considered will be those of Gov. Stone, Representative Catchings, Repre- sentative Allen, Judge Calhoun and Repre- sentative Hooker. The news of Senator Walthall’s resign: tion caused genuixe regret among all about the Senate. It had been known by a few that his health was not the best, and that the air of Washington had already affected his throat, but nobody outside of his irame- diate circle of friends suspected that he would be unable to stand the weather of this region. Expressions of deep regret were to be heard on all sides. The Senator has made a great many warm friends by his unfailing courtesy and politeness. He has not been a very active figure on the floor, mainly because of his ijl health, but he has done excellent work since last March as chairman of the committee on military affairs. His Popularity. Said ore of his personal friends this after- noon: “It ‘s a question whether the legisl ture of Mississippi, which is now in session, will permit Mr. Walthall to resign. He is a tremendously popular man in the state, and since he succeeded Mr. Lamar has endeared himself to all in Mississippi. It has been with him a struggle between his health and his conscience. Some months ago it oc- curred to him that it was not strictly hon- orable for him to continue to hold the office of Senator while he could not endure the strain of a conscientious performance of his dutits. This feeling has grown within him, and it has culminated in the resignation which he handed to the Senate this morn- ing.” Tried to Dissdade Him. It is said that when Gen. Walthall hand- ed the letter this morning to Senator Har- ris, who is presiding over the Senate in the absence of the Vice President, Mr. Harris at first refused to take it and tried to urge Mr. Walthall to reconsider his resignation. The latter, however, firmly insisted upon his course, which he said had been taken only after the most earnest consideration and after consultation with his physician and his friends. In the Senate committee on military af- fairs, of which he is chairman, Senator Walthall of Mississippi this morning noti- fied the members of that committee that he intended laying his resignation as a Senator before the Senate. Mr. Walthall gave as his reason his failing health and his inability to keep up with the duties that devolved upon him as the representa- tive in the Senate of the state of Missi: sippl. His colleagues of both parties en- deavored to get him to reconsider his ac- tion, but Mr. Walthall said his mind was imade up and could not be changed, o— Many Cadets Dropped. The Secretary of War has today approved the recommendation of the academic board for the dropping of twenty-seven cadets at the Military Academy on account of deficiencies in study, &c. One member of the graduating class was found deticient; one from the second class failed to come up to requirements; twelve of the third class and thirteen of the fourth class were also rejected by the board and all will have to leave the academy. One member of the third class is allowed to continue his studies, with the understanding that he must make up his deficiency by June; two members of the third class are turned back, and three fourth-class men will be given leave until next year, when they will commence over with the new class enter- ing. Privilege will be given all the cadets found disqualified to resign. ‘The names er the tets pie sunoressed. Senators Informally Disouss Matters Pend- ing in the Upper House. ‘The Federal Elections Repeal Bil the Territorial Subject Talked Over, but No Action Taken. The republican Senators met in caucus this morning to consider matters connect- ed with legislation now before the Senate and to agree upon some concerted plan of action. After an hour of discussion no definite conclusion was reached, and the caucus adjourned, after having transferred the question to the usual committee, which will consider the matter further and re- port to a future caucus. The only subjects discussed were the propositions to admit the territories and the bill to repeal the federal election laws. Upon the latter question there was a una- nimity of sentiment that there was no good reason for the opposition to so zeal- ously push the question to a vote. It was argued that this was the long session and that the democrats had no excuse for the undue haste that appeared to be mani- fested. The Federal Elections Bill. There appeared to be no disposition to resort to so-called filibustering, but the drift of the discussion showed that @ demand would be made for rea- sonable discussion and debate, and no time could be fixed for the vote until the attitude of the democrats was shown. If they intended speaking, it was thought that some of their speeches might need re- plies, and if they proposed to refrain from participating, then the debate, Senators thought, might be shortened. Under the most favorable circumstances it was that the vote could not be reached in less than a fortnight. It was not considered @ good reason because republicans had en- deavored to force a new bill through dur- ing a short session, that democrats should, during the opening of a long session, at- tempt to apply the same procedure. The Territorial Subject. In the discussion of the territorial subject it was seen that while the sentiment was Practically unanimous in favor of the ad- mission of the territories, there was a dit- ference as to the details. Senators were of various minds on this subject; and while Some argued for the admission of the terri- tories as they now stood, there were others who insisted that there should be some sort of consolidation, as, for instance, that New Mexico and Arizona should be merged into one state, and Utah added to the state of Nevada. The proposed admission of Oklahoma gave the caucus some trouble, and an effort was made to find a way out of the difficulty arising from the condi- tions that exist in Oklahoma and the in- dian territory, where the Indian and the white people are so thoroughly mixed. it was shown that there were as many white people in the Indian territory as there was in that part of the territory now proposed to be admitted as a state. Just what was best to be done was not agreed upon. ‘Ine whole discussion was of an informal char- acter, and no set speeches were made, al- most every Senator present taking part in the general discussion. 2+ —____ The President Replies to an Address From a Colored Delegation. Mr. White of New York, chairman of the committee of the Negro Democratic League, addressed the President as follows, at the conference at the White House yesterday, referred to in yesterday's Star: “Mr. President: We are here the repre- sentatives of the Negro Democratic League to tender you our sincere thanks for the bold and manly stand you have taken in our interest. You are the first President of these United States to offer an appoint- ment to an Afro-American to represent this government to a white republic. We commend and highly appreciate the honor you have kindly conferred upon the negro democrats. We trust that you will adhere to the policy that you have outlined. The negroes of this nation have long since rec- ognized you as its greatest and staunchest friend. Your generous acts and the inter- est that you manifested during your former auministration were worthy of the admira- tion of any race. “We beg of you, Mr. President, to give the negro democracy at least two or three places of substantial recognition. By so doing you will both broaden and encourage the cause of negro democracy. “Mr. President, it is our earnest request that you will give us a negro as recorder of deeds of the District of Columbia.” The President is said to have replied that he had in no manner changed his policy in relation to the proper recognition of the negro race in the selection of men for office, and that he had not been disconcerted or turned away from his purpose by the re- jection of Mr. Astwood’s nomination to be consul to Calais, or by the failure of the Senate to take action on the appointment of Mr. Taylor as minister to Botivii SS ee THE SMITHSONIAN INSTITUTION, A Proposition to Change the Bourd of Directors. Senator Morrill today introduced a bill amending the act of 1545 creating the Smithsonian Institution. The amendment consists of a provision making the Presi- dent, Vice President, Chief Justice of the Supreme Court and the heads of the exec- utive departments ex-officio board of di- rectors. The original act makes the board consist of the President, Vice President, Chief Justice, heads of certain departments that are named, including all then in ex- istence, and also the commissioner of pat- ents and the governor of the District of Columbia. ‘Thus the amendment adds the Secretary of Agriculture and excludes the commissioner of patents and the long- abolished othce of governor of the District. The other amendment expands the limita- tion placed upon the Secretary of the Treasury in receipt of sums for the insti- tution. The original act authorized him only to receive sums from the heirs of John Smithson to the extent of $1,000,000. The amendment provides that this shall not op- erate as a limitation of the powers of the Smithsonian Institution to receive money or other property by gift, bequest or de- vise, and to hold and dispose of the same in promotion of the purposes of the insti- tution. The bill was referred to the com- mittee on the judiciary. + e+ THE GAS INVESTIGATION, House Subcommittee Has Information From Many Cities. A subcommittee of the House District committee, consisting of Messrs. Heard, Rusk and Post, selected to begin the pre- liminary work of the proposed investiga- tion of the gas question, held a meeting at 2 o’clock this afternoon. Chairman Heard laid before the subcommittee communica- tions from sixty or seventy cities, giving the prices of gas and the qualities furnish- ed. The subcommittee will busy itself for awhile looking over this data and tabulat- ing it for the use of the full committee. Mail Robbers. The Post Office Department is apprised of the arrest yesterday of Jake Felshow and Leslie Webb at Pima, Ariz., charged with the robbery of a thail stage. The prisoners were taken to Tucson for trial. —-o--— rnment Receipts To s from internal revenue today from customs, $414,063, The A SENATOR RESIGNS, |4 RePuaLican caucus.|TALKING OF BONDS. Congressmen Differ in Their Opin- ions. DISCUSSING MR. CARLISLES ACTION. Many Approve the Course Taken by the Secretary. VIEWS OF SILVER MEN. The expression of opinion by democrats on the subject of the call for bonds issued by Mr. Carlisle is not generally favorable. As a rule the democratic members of Con- gress want to avoid responsibility for an action the popularity of which is at pres- ent problematical. The chances are that if the issue proves successful ahd not unpop- ular, the action of Mr. Carlisle will be as- sumed as the action of the party; but, on the other hand, if there should be any wide- spread adverse sentiment, it is quite evi- dent that there will be a disposition to throw the responsibility on Mr. Carlisle and Mr. Cleveland personally. The opinion is expressed at the Treasury Department and by the financial experts in Congress that the full amount of bonds offered will be accepted at a premium considerably in ad- vance of the limit fixed by Mr. Carlisle. New York Opinions. The news of the issue of the bond cir- cular yesterday was not definitely known in Wall street yesterday until the close of business. Bankers and capitalists express- ed the opinion that the loan would be sub- scribed several times over in the form in which it had been offered. The policy of issuing the bonds was generally and heart- fly approved. There was a rumor that a single capitalist had offered to take the en- tire issue at the treasury price of 117.223, and it was said that J. Pierpont Morgan was the person referred to. The view was expressed that the amount to which the issue was limited, namely, $50,000,000, was not large enough, as about $160,000,000 were needed to provide for immedite ne- cessities. Mr. Jesse Seligman expressed his satis- faction at Mr. Carlisle’s action, but thought it a pity that it was not done sooner. He said that the government should never al- low its funds to run below the $100,000,000 reserve. Representative Cannon. Representative Cannon of Illinois said: “The bond issue to be made by the Secre- tary is nominally to maintain the resump- tion fund and’ to keep the currency at a parity, but in reality it is a borrowing of money by the United States to pay the cur- rent expenses of the government. I do not believe that it was the intention of Con- gress in enacting the law to authorize the borrowing of money for such purpose, but I have no doubt that the appropriation of the reserve fund to pay the running ex- penses is to be blessed by an opinion from the Attorney General so construing the law and to authorize such an appropria- tien, “The fact that the democratic party is In power, and is engaged in enacting revenue laws that will decrease the revenue $375,- 000,000 a year at a time when we are run- ning behind to the extent of $75,0uu,0uu, renders some provision absolutely neces- sary to increase the revenues at once by a taxation or by a forced construction of the la ‘The Secretary must borrow money to pay housekeeping expenses. ‘he demo- cratic Congress will not give the legisla- tive authority; therefore the Secretary, to save the treasury from bankruptcy and his party from a more overwhelming con- demnation, if that is possible, has con- cluded on his own motion to borrow the money. “A bare announcement,” added Mr. Can- non, “by the Secretary of the Treasury last May that he would borrow money under the law of 1875 if it became necessary to maintain the currency at par or to pay the current expense of the government, would no doubt have prevented the money panic, and if the assurance had come from the President that there would be no revenue legislation until such became necessary to decrease the revenues not needed, the coun- try today would have been on the high road to prosperity, and the revenues would not have fallen off. I say again the de- crease of the gold reserve fund in the treasury hae been made to pay the current expensé of: the government and not to re- deem the greenbacks or maintain the cur- rency at pat. Representative Dingley. Representative Dingley of Maine said, “I have no doubt that the act of 1875 gives absolute authority to the secretary to is- sue and sell bonds for the purpose of main- taining the gold redemption fund. I doubt, however, whether that act, properly con- strued, gives the secretary power to issue and sell bonds to pay the current expenses of the government. It seems to me that to accomplish the latter object it would be necessary to obtain additional legislation.” Representative Wilson. Chairman Wilson of the committee on ways and meang was not aware until in- formed by a reporter that the call for pro- posals to purchase bonds had been issued. In explanation, he said his time and at tention were so occupied with the tariff bill that he knew nothing of other affairs. Re- curring to the proposed issue of bonds, Mr. Wilson said Congress should have given Secretary Carlisle authority to issue a low- rate, short-time bond; failing to receive that authority, he assumed the secretary had done the best he could under existing conditions. ‘‘The sale of bonds,” he contin- ued, “‘was necessary, and the secretary has done the right thing. There is, 1 suppose, no serious contention that he has not the legal right to sell bonds. That was settled by the report made to the House-at the last Congress by Judge Culberson, on the question of the power of the secretary to use the proceeds of bond sales under the act of January 14, 1875, for any other pur- pose than that of maintaining the gold reserve.” Mr. Bourke Cockra: Bourke Cockran, another member of the committee on ways and means, cordially approved the proposed sale of bonds. “It was the only thing to do. A constantly in- creasing deficit meant the speedy insolven- cy of the treasury, and that would be fol- lowed by universal bankruptcy. An empty treasury would cause a total suspension of credit, and there would be no business transacted. I make no comment upon the legal aspects of the case, although in an article which I wrote last March on the financial situation I stated that the sale of bonds was the most practical manner of relief open to the Treasury Department. Mr. Amos J. Cummings. Representative Amos J. Cummings of New York was inclined to question the authority of the Secretary to sell bonds under the conditions of the call. “The re- sumption act,” said Mr. Cummings, “does say he may sell bonds bearing interest at a certain rate per cent for a certain purpose. But Mr. Carlisle imposes conditions which practically change the character of the bonds. But it is necessary, no doubt, to procure money from some source, and this probably is the most available. Representative Culberson, Representative Culberson (Texas), chair- man of the committee on the judiciary, which is now investigating the power of the Secretary of the ‘Treasury to sell bonas under the act of 1875, in a report made to the Fifty-second Congress, referred to ty Chairman Wilson, said, after quoting the section referring to the sale of bonds: “This provision of the act contemplatea and authorized a fund for redemption pur- poses, to consist of, first, the surplus reve- rue from time to time in the treasury, ecessary to the act into full effect. There ts no iimi- tation upon the authority of the Secretary of the Treasury to sell bonds for the pur- poses of redemption under this act, but the proceeds derived from such sales can- not be used for other than redemption pur- Poses.” As to the method of restoring the gold reserve in case of depletion, the report said: “In the absence of available surplus reve- mues by the redemption of legal tenders, the sum should be restored from the cur- rent coin receipts of the government not otherwise appropriated, and when such revenues are transferred to the reserve tund they are not subject to be used for any other purpose.” For the minority of the committee, Mr. Ray of New York filed their views at length, reaching the conclusion, with oth- ers, not pertinent to the question at pres- ent involved, that the power to sell bonds still ¢éxists, and is limited only by the ; amount of United States notes outstanding less the proceeds of bonds sold for that pur- pose and applied or now on hand. That the act contemplated a sale of bonds from time to time in excess of immediate need for redemption purposes, so that an available or reserve fund should be con- stantly on hand. That the Secretary of the Treasury has no power to set apart, or reserve, or hold as against appropriations made by Con- gress or expenditures authorized by law,any part of the surplus revenues of the govern- ment for the redemption of United States notes. He may use such surplus for such Purpose, but here his power ends. This report was made to the House July 6, 1892, and laid on the table. Representative Tom Johnson. Representative Tom Johnson of Ohio said that he did not especially like the idea of an issue of 5 per cent bonds, but that there was a necessity for the money and he believed it much better to borrow the money to meet a temporary deficit than it would be to fix a tax which would be prac- tically permanent and which would pile up a surplus after the temporary strain had passed. “There is no doubt at all,” be said, “about there being sufficient revenue raised from the revenue measures now under consider- ation and it will be an easy matter to pay off these bonds.” Representative McRae. Representative McRae of Arkansas said: “I am greatly opposed to the bond issue. I can see no need of it so long as we have $55,000,000 of surplus silver in the treasury which could be used. I believe that the|. a ae Secretary is going to be un- Popular. 10} my people it be Representative Tracy. Representative Tracy said that he was in favor of the issue of bonds. “I should have preferred,” he said, “to have had some action by Congress giving the Secretary the right to issue bonds with some dis- cretion, but the money had to be raised, and I thoroughly approve of the course Mr. Carlisle has pursued. It certainly is wiser and more respectable for the govern- ment to meet its current obligations.” Representative Edmunds. Mr. Edmunds of Virginia said that he was greatly opposed to the bond issue. He did not think there was any necessity for it, as long as there was a surplus of silver to draw on in the treasury. Representative Catchings. Representative Catchings said that _ it would be infinitely better if we were in such condition to render the issue of bonds unnecessary. It would be much better if we could gét along without, but there ap- pears to be a necessity which we cannot avoid. Mr. Carlisle has given much more sttention to the matter than I have, and he knows. just what the condition of the treasury is. I am perfectly willing to yield to his judgment as to the necessity for the issue of bonds and to sustain him in his action. Representative Bland. Representative Bland said that he did not believe that there was any legal au- thority for the bond issue for the purpose for which it seems to have been made. Moreover, he said, if the legality of the action was not in question there was no necessity for it anyhow. There was a surplus of silver in the treasury, which could be rendered available for the current expenses of the government, and it was sufficient for the purpose. He could see no excuse for increasing the public debt while the government had money of its own which could be used. Representative Oates. Representative Oates also opposed the is- sue of bonds. “I not like it at all,” he said. “I think that the people in this coun- try are generally opposed to an increase of public debt unless there is a great neces- sity for it, and I do not believe that in this instance such a necessity existed. To be sure, money is needed, but there is no rea- son why the surplus silver should not be used. The purchase of silver has ceased and it may be accepted as settled that there is to be no further increase of the silver money in this country—for some time, at least. But it certainly cannot be the pur- pose of the administration to abandon the silver we already have. This silver in the treasury we have purchased. There is a surplus there representing so much money Value. Do they intend to treat that as so much rubbish? It can hardly be conceived that such a policy is to be pursued. The use of this silver surplus does not involve the question of the free coinage of silver or the continued coinage of silver. It in- velves merely the question of using that silver which we have already accumulated.” Mr. Manderson’s Views. Speaking this morning of the notice of Secretary Carlisle for the issue of bonds, Senator Manderson of Nebrasks said to a Star reporter, “I have merely noticed that such a call has been issued. It seems to be a necessity and the only way for the secretary to meet the emergency of a rapidly decreasing reserve. I think it is too bad, however, that has not already come to the assistance of the Treasury Department by authorizing the issue of bonds and such plans as that pro- posed by Senator Sherman. In other words, 1 think there ought to be something in the nature of a popular loan, that is bonds, of | such small denomination, say multiples of $50, that the people of moderate means might take them up as investment bonds. These should be put on sale at the post otfices. The people have today no chance to reach good investment bonds, for every- thing now outstanding is at a premium and I fear that these bonds will soon be at such @ premium that the poorer people of the country cannet get them. I think that these bonds will be taken up and that they will suffice to meet this emergency, though I doubt the expediency of such an issue under all the circumstances.” Jerry Simpson on the Bond Issue. Said Representative Jerry Simpson today, bond issue: | “It's an infernal outrage and inexcusable. There is no reason why the administration cannot tide over any embarrassment in the matter of revenue and expenditure without paying interest on the loan. How? By is- suing g>eenbacks, the same as was done in war times. Everybody will take them, be- cause of the faith they have that they will be redeemed. Why, what is the difference between that and the basis upon which | bonds are issued? Nothing at all. They are | sold upon the faith of the people that some | one is going to dig out of the earth the wealth that will enable the government to j Fedeem them some time in the future. No- | body cares how long that may be. You can | fix a date for the redemption of the green- back if you like, although as a matter of fact they are redeemed when they are ac- cepted by the officials for dues. A govern- ment that has income of $500,000,000 a Tedeem $20,000,000 lying idle, for which some use must be found. The owners can’t put them into manufacturing or commercial investments, so the government is to sell bonds that in- terest, which the money cannot get in any other way, shall be provided by the people at large. speaking of Secretary Carlisle's proposed | BANDITS OF THE RAIL Daring Robbery of an Express Train SAFE PLUNDERED OF £3 CONTENTS. Trainmen and Passengers Over awed. NO THOUGHT OF RESISTANCE. ST. JOSEPH, Mo., Jan. 18.—Train No. 3, through express on the Kansas City, St. Joseph and Council Bluffs railroad, was held up this morning at 12:20 at Roy's Landing, one mile north of this city, in the into a number of ties piled As soon as Engineer brought his train to a standstill ed men clambered over the vers j H f : H [ F | j i fe 7 byacke ratte The men then backed out of f g i ae use § EI ; ito the car, while kept up a constant fire from their revolvers to intimidate the passengers. Fireman F. Simmons told practically the same story. Conductor Haywood said that his first in- shots was kept vp, and every time a passen- ger’s head appeared at a window he dered to get down out of sight. Expressman Baxter says he open dcor of his car in response to the engineer's request, and was immediately covered by a double-barrel shotgun in the hands of on‘ of the robbers. Two men then climed into the car and covered Messenger Baxter and Baggageman W. A. Skinner with Baxter was ordered to open the safe, and the robbers took all the money packages in sight. He can give no estimate of the val- ue of the booty secured, but believes it to be less than $3,000. A vigorous search is being made by the detectives and county authorities for the robbers. —— WHAT NEW YORK RANKERS SAY. ‘The Proposed Bond Issue is Universale ly Approved. NEW YORK, Jan. 18—Interviewed on the issue of $50,000,000 bonds, Henry Clews said: “It is a step in the right direction. It gives the present administration a policy, a thing it has not had up to date. The want of a policy thus far has been a powerful factor in the general business demoraliza- tion of the country. Therefore I regard this bond issue as an extremely important and desirable step. It will repair the treas- ury’s $160,000,000 reserve, give the govern- ment a good working balance, and there will come with it confidence in all quarters, which should give a vigorous impetus to the return of business prosperity. “It is very important in a go-ahead coun- try like this, where all eyes are turned to- ward the government in connection with financial affairs, that the treasury should be kept in a sound condition. If the head is not right and healthy the body cannot be. The government at Washington occu- pies in relation to the country the same position as the head of an individual to the rest of his body, and if it is disordered the discase sfreads through the whole system.” “But does it not seem strange that @ country lke this should have to borrow money in time of peace?” was asked. ‘o, I do not think so. When the civil war terminated our outstanding bonds bear- irg interest from 4 to 6 per cent aggregated $3,000,000,000, The liquidation of this debt at the rate of $100,000,000 per annum is ‘unprecedented by any nation in the world, and the quick reduction of the debt to about 00,000,000, which now remains, justifies the government in adding $0,000,006 to the nation’s obligation et a time like the pres- ent. When compared with the $2,400,000,000 liquidated since 1865 it seems ridiculous for anybody to object to this $50,000,000, Tt ts only a temporary debt in any case, as with a proper adjustment of the tariff and in- ternal revenue laws, the country will soon be in a position to give the treasury a sur- plus when it con mart enew te liquidate the balance of the de! Other opinions about the bond issue fol- low: Ladenburg, Thalman & Company: “We believe the bonds will be readily absorbed and the bulk of them will be taken here. Europe does not care to pay the premium. asked. The general effect ought to t= L. Von Hoffmann & Company: “The ts sue will be favorably received abroad. We believe that the issue will be subscribed four times over.” H. Fiske & Sons, the bond experts: “We believe the issue will have a good effect at home and abroad, and will be successfully placed.” Vermilye & Company: “The effect will be favorable and will tend largely to restore confidence in our securities abroad.”