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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Dec. 28, 1895)
THE OMAHA DAILY BEE : SAOltTKDAY , DISOimiJER 28 , 1805 , r FIGHT OVER THE BOND BILL Started Over the Report of the Oominitlco on Rules. HOUSE WILL DEBATE UNTIL THIS EVENING Jill IP Limiting the Dehnlc Adopted by n ( Jood 'Majority , I'nrty I.lncn Not llelliK So Closely limit n nn Thnrxilny. WASHINGTON , Dec. 27. The house toDay - Day entered upon the consideration ot the liond bill. The bill aroued the united op position of the democrats and populists , the sold democrats being arrayed against It bi- cauB ! they claimed It did not give the sec retary the authority to lusuo gold bonds with which ho desired to replenish the re- \ , and the silver democrats on the / ground of their general opposition to bond iiutcx The latter contended that the raids on the treasury could be stopped If the sec retary would use his discretion to redeem note * In silver when the reserve was threat ened. In the republican ranks also there developed Mich bitter opposition to the bill as originally drawn and to the proposition to forcu the bill to a vote today that the re publican members of ths commltteo on ways and means Incorporated In It an amendment specifically declaring that nothing in the act 'iould be construed as a modification or repeal of the act of 187 $ for the reissue of the gresnbacks when redeemed , and the commltteo oil rules extended the limit of debate until tomorrow at 3 o'clock , but de clined to give member ! * ot the house op portunity to offer amendments. The feature of the day was n itrong speech from Mr. Johnson , republican of California , appealing to his republican colleagues to vole against the bill. Ho scored the republican leaders for bringing In tbe bill. Ho said he bid voted for the revenue measure yesterday under protest , but he refund to follow them on the present bill. Political expediency , which Involved a surrender of principle , he de clared would never succeed. The debate ran far Into the night. The principal speeches were made by Messrs. Dlngley , Maine , and Grosvcnor , Ohio , republicans , and Messrs. Turner , Georgia , and Patterson , Tennessee , democrats. As won ail the journal had been approved iMr. Dluglcy , chairman of the ways and means committee , reported the bond bill as amended by the ways and means committee today and It was referred to tlio commltteo of the whole on the state of the union. Mr. Daniel , republican of New York , chairman ot the first committee on elections , as a privileged matter made a unanimous report In favor of seating Hugh H. Bclknap In place of Lawrence 13. McGann from the Third Illinois district. Mr. McGann had de cided that he was not entitled to the seat nnd there was therefore no contest over the iratter. The report was adopted and Mr. Belknap was sworn In. Mr. Henderson , republican of Iowa , from the commltteo on rules , then presented the rule for the consideration of the bond bill. It provided for debate until 10 o'clock to night , with a recces from C until 8 o'clock , and Hi continuance tomorrow until 3 o'clock , when a vote should be taken without Inter vening motion or amendment separately. Mr. Crisp , democrat of Georgia , opposed mf the adoption of the rule. Yesterday he said A a general tariff bill , the exact effect of which on particular Industries and on reve nues no ono knew , had been rushed through the house. Today It had been proposed to rush through a bond bill In the same sum mary manner , but the murmurlngs of dis content on the other aide bad forced the autocrat ot the house and so-called leaders to yield a little more time. He admonished the other side that It was only by resistance that they could obtain their rights. ABUSE OF DEBATE. Mr. Bailey , democrat of Texas , agreed In a general way to the proposition that there liad bejn a great abuse ot the , privilege of debate on public questions and that the great desideratum was a vote , but ho said , while useless debate should bo abjured , full and tree debate was essential. Yesterday with four hours debate a bill which would bur den the people with $40,000,000. of additional taxes was passed. Today the performance wan to be repeated , but this time posterity was to be saddled with an Interest-bearing debt of which no ono knew how many mil lion ! ) . The country , he said , woudl no more < tolcrato 'precipitate haste than it would unI I Uuo delay. I mr. nicaiiiiaii , ucmocrai ui iciinesBcc , UEkcd why the republlcin leaders proposed to cut tlnlr associates off without opportunity to offer amendments ? Were those In au thority afraid of their associates ? Would they not bo trusted to do anything but vote ? When the twenty minutes allowed the democratic side had ben consumed , Mr. Henderson , who was In charge of the rule , Without making any reply to the criticisms from the other side , demanded a vote on the adoption of tlio rule , which was taken by yeas and nays. The rule was adopted , 195 101. It was not a strict party vote. The populists voted With the democrats against Its adoption. The following republicans voted against the adoption of the housa rule : Baker , New Hampshire ; Connelly , Illinois ; Dayton , West Virginia ; Hullng , West Virginia ; Klrkpat- rlck , Kansas ; Llnnoy , North Carolina ; Mc- Cormlck , New York ; Shafroth , Colorado ; Pear.on , North Carolina ; Mondell , Wyoming , and Mllr ! , Kansas. DBBATC ON THE DILL. The bend bill was then laid before the house and Mr. Dlngly opened the debate In favor of Ha adoption. He explained the bill , Baying that as a plain business proposition the secretary should have- the power to float 8 per cut bonds. The bill also provided that these bonds should first bo offered to th ; pecplo cf the United States and Mr. Dlngley cxpr&ssod no doubt that the people from the Atlantic to the Pacific would respond and oversubscribe any Issue advertised for. Mr. Dlnglcy stated that the amendment specific ally rtaied that nothing In this act should be construed to repeal or modify tbo act of 187S for the relsiuo of redeemed greenbacks. "What will become of UIP greenbacks ro- r\ . tteomed by the sale of bonds under .the act ? " oskcJ Mr. Marsh , republican of Illinois. "Thoy will b > used , " replleJ Mr. Dlngley , ' 'as they were used up to 1S93 , In discharging our Intirest bearing obligation ! . But In oiso of a run on the treasury they could bo held in the treasury .temporarily for Ita protection. When the exlgincy passed , however , they would under this act bo paid out or applied to the public debt. " Mr. Dlngley declared tnn the propositions contained In the bill wore single , and should not bo clouded With a discussion of theEll - DAN uo i\ YOU ii I > OCKIT It's the Kombt-a $150 camera that you can put In your vest pocket It's less than two Inches square and Is one of the neat est and most useful novelties over produced. It always works and needs no experience whatever on the part of the operator. You hold It , Kombl does the rest. It takes 25 perfect pictures without reloading oxy- dlrcd , ullvcr finish and every Instrument fjuarantccd , regular prlco $3 60 ours $3.00 Columbia Metal Polish , Mall orders tilled , Cross Gun Co. , Good * . 1ICS. 15th St vi > r or other collateral question * . Mr. Ding- ley , In answer to many question' , claimed a 3 per c nt bond would be taken by the pfoplo much more quickly than a 4 per cent bend on a 3 per otnl bails. Ho said the people as a rule were not disposed to pay premiums , DEMOCRATS DISCLAIM IlKSPONSiniLlTY. Mr. Tun er of Georgia opened for th n > ! rorlty. He contended that the fault did not He In any deficiency In the revenues , but In the existence ot evils In our financial system , for which th democratic party wa In no wise responsible The fundamental evil was the existence In our currency sys tem of the enormous mara of uncovered paper money , which the supreme , court had held to be valid. He charged the republicans with shifting tht-lr position on the currency question , as they had yesterday on the tariff question , lie pointed out how the republicans In th1 past had demonetized silver and had passed an act for the resumption ot specie pay ments which nonUinplatcJ the total retire ment of the gr enbacks. Now , In the face of the presidential election , they sought to curry favor with the silver fontlincnt , and they dared not tellro tlit- greenbacks , to which they bad once b'cn committed. This bill would prove Inadequate. Gentlemen on the other side spoke ot what they wcri- doing to aid the administration. Yet , with nil their ostentatious magnanimity , they refused the democratic side , which was supposed to bo to nome extent In harmony with th ? executive , the poor privilege of offering a romidy which the administration believed would bo effective. Our paper money should bo retired.- Mr. Turner was very earnest In his protest against temporizing with the rltuatlcn. It would only prolong and Intensify the diffi culty. Any settlement on the basts of sound money would procure the most benefi cent effect hfro and uphold our securities abroad. Mr. Tumor affirmed most positively that In the existing state of the market 3 per cent coin bonds could not bo floated. In conclusion ho said hf had once believed that the secretary of the treasury , by exercising th ? option ot rolcmptlon in silver , could repel raids on the treasury , but ho now believed such a course would precipitate a crisis , a panic , a convulsion such as wo had never hail , that would shake public and private credit to Its foundations. HOLDING UP APPROPRIATIONS. Mr. Grosvenor ot Ohio said that the advisability of the passage of the bill must bo considered In the light ot the events which called It Into existence. Under ordi nary circumstances he would not favor either section ot the bill. The democrats were unable - able to suggest relief for the treasury. The president had proposed a gold bond , but in the last congrwss could not muster half of the democratic vote to stand by htm. The secre tary of the treasury was figuring how not to meet the appropriations of DIP lout congress. A bureau officer , a pestiferous growth , had dared to set aside the $5,000,000 appropri ation for the relief of sugar growers. Debs and his followers , to suppress whom the mili tary was called out , had not more flagrantly violated the law than had the secretary of igrlculturo's petty bureau officer In refusing ( o carry out the appropriations of congress ifter ho had been rebuked by congress. Yet democrats said there was no lack ot money In the treasury. Ho questioned the authority ot the president to make the bond Issues of the past year nnd attacked the arrangement with the Morgan syndicate. But ho said he wai willing to vote for this bill to save the administration from bankruptcy and disgrace , because behind that administration stood his country. Mr. Patterson , democrat of Tennessee , at tributed the financial disaster that had over whelmed the country to the want of confi dence in a currency system which carried $500,000,000 ot silver and $316,000,000 of greenbacks on the basis ot a gold reserve of $100,000,000. A single declaration ot congress that It Intended to sustain Inviolate the gold standard of value would do more than any thing else to restore confidence. He ridiculed the Idea of passing a bill for an authorization of coin bonds at such a time. Mr. Swanson , democrat of Virginia , criti cised the method by which the tariff bill ot yesterday was passed , and by which It was proposed to pass the pending bond bill , with out opportunity of amendment. Mr. Lacey , republican of Iowa , spoke In favor of the bill. He expressed confidence that 3' per cent coin1'bondscould be floated among the people of the country , and de nounced the "disgraceful contract with the Morgan syndicate last year. " In view of the rumors that were abroad regarding the Im minence of another bond Issue , it was Im portant that the pending measure should pass at once. Mr. Johnson , republican of California , was the first republican to oppose the bill. His first sentence created a mild sensation. CREATED A SENSATION. "As a republican , " he began , "I want to give some reasons why all my colleagues oppose tills most iniquitous measure. I believe In the undying hostility of the re publican party to an Isauo cf bonds In tlmo of peace , and I do not propose that wo shall give the lie to everything w ? said before election , and I for ono can never condone what I regard as an error both of heart and head and crlmo agalnct the country the bond transaction ot last year. Yesterday , " he proceeded Impetuously , "against my will and against my judgment and protest , I voted for a revenue tariff bill. I believe that the verdict of 1894 was for the passage of a protective tariff act ; and wo should restore the McKlnley bill and Bill McKlnley. " After ionic further remarks by Mr. John son , republican of North Dakota , In favor of the bill and Mr. Wheeler , democrat of Alabama , against It , the house , at 5 o'clock took a recess until 8 o'clock. HARD WORDS FOR WALL STREET. Mr. Wheuler. democrat of Alabama , who had the floor when the recess was taken , re sumed the thread of his argument against the gold standard , and Mr. Terry , democrat of Arkansas , and Mr. Underwood , democrat of Alabama , followed with a similar argu ment. Mr. Wellington , republican of Mary land , spolce In favor of the bill. Mr. Wilson , republican of Idaho , gave his reasons for re fusing to act with his republican associates. The strongest and best reason was that Us sponsor was President Cleveland. It was not a republican measure. No plank In a repub lican platform , state or national , could be cited In support of It. The demand for It came from the stock jobbers of Wall street , whom the title of "gambler" would dlgnUy , Mr. Daniels , republican of New York , advo cated the bill. Mr. Bowers , republican of California , like his colleague , Mr. Johnson , opposed the measure. It was based , he said , on the demand of the stock gamblers of Wall street. It was , stripped of all verbiage , a plain proposition to Issue bonds , destroy the greenbacks and contract the currency $340- 000.000. The bill ought to be entitled , "A bill to retire republican senators and repre sentatives In congress. " Mr. Adams , republican of P.'nnsylvanla , de nied that the demand for the passage of this bill came1 from stock speculators. It came , ho maintained , from the solid , con- r PEN PICTURES PLEASANTLY AND POINTEDLY PUT. NIW vnAll's OAIIDS o r SAID Of course , when you como to think of It , oura la just the place to get New Year tokens It's sure to be artistic and there's sure to be a superabundance oj styles and numbers , euch as you cannot expect to find elsewhere handsomely designed , beautiful ly printed prettily versed They are priced at all sorts of decent figures prices that you'll say are not half the value of the card. A. Hospe , jr , Music and Arr. 1613 Douglas St mvAtlvo business Interests of the country. Mr , Cllbnon , republican of Tcnnefti c , sup ported the hill. Ho defied the ItothechlMs and th ? syndicates of I'uropo and America , Ho was not voting for the bill to please them , but to sustain the credit of the coun try.Mr. Mr. D'Armond , democrat of Missouri , In opposing the bill , said that McKlnlcylsm was a misnomer. From what ho had heard of the construction of the McKlnley bill , it should have been nimtd after the man whoso genius had controlled the destinies of the Fifty-first congr ss , and would shape those of the Fifty-fourth. The purpose of this bill nas to Issue bonds to contract the currency at the will of the secretary of the treasury , to lower the price of wheat nnd raise that of bonds , to reduce thn wages of those who toll and Increase the Incomes of the jobbers In monty. "Shall we one day , " he concluded , "flaunt d fiance In the face of England and the next day bow submission to the financial policy of the mlstrcM of the seas ? This Is a bill to pirpetuato the gold standard. " BECAME SOMEWHAT PERSONAL. "Did you entertain your silver views be fore the last election ? " asked Mr. Dovencr , republican of West Virginia. "I did. " "You were elected by 2,000 In 1892. What was your majority In 1S9J ? " "Exactly ninety-two , " replied Mr. DoAr- inond , sharply , "and a gentleman who has no more Idea of the propriety of debate than to Interrupt a gentleman with a ruggestlon no weightier than yours ; certainly got here by too many , If his majority was only one vote. " ( Uproarious democratic applause. ) Mr. Northway , republican of Ohio , asked why the democrats who were now opposing the bond Issues had not repealed the au thority to Issue bonds In the last congress. They were then In power and eat supinely by while their president Usmed $162,000,000 of bonds. Mr. Tarsnoy , democrat of Missouri , charged the republicans with shirking their respon sibility. The root of the evil was the green back and the existence of the greenback In our currency tystem would not be affected by this bill. Personally , ho had no horror of a bond. Whether In war or In peace ho stood hero to do his duty. He would vote for bonds whenever the credit , welfare and honor of the country demanded It. Mr. Helidsrson , republican of Iowa , offered five reason ? for his support of the bill. First , that the bill did not require a bond Issue ; second , that If bonds were Issued the rate of Interest would be reduced ; third , the bonds would be distributed among our own people and not b ? left In the hands of foreign holders ; fourth , It did not retire the green backs , but empowered the secretary of the treasury to keep them out of the possession of speculators when necessary ; and fifth , it prevented the administration from selling bonds to meet current deficiencies. Mr. Shafroth , republican of Colorado , con cluded the debate with- brief speech against the bill , after which , at 10 p. in. , ths house adjourned until tomorrow. IIO.VD ISSUE IS EXPECTED SOO\ . Oenernl Opinion tlint the * President \ VII1ot Wnlt for Uie Ilonil III1I. WASHINGTON , Dsc. 27. The treasury lost gold today to the amount of $2,410,000 , which leaves the truei amount of the reserve $ G3SG8.320. The recent withdrawals , with the Indications pointing to their indefinite continuance , It la thought can lead to no other result than another Issueof bonds , and that In the near future. The administration is strongly opposed to the bond bill now pending In the house and In view of this fact the opinion prevails In official circles that the president will not wait much longer before Issuing bonds. Indeed , It is believed that the president would much prefer to pro ceed to another issue of bonds under the authority he already has , and under which the last three Issues were made , than to act under the pending bill or any modifications of It which are likely to be made. This being the case , it Is argued that the president will not wait for any action by ths senate , but , in casa the situation shows no signs of permanent improvement , will announce an other Issue nM. later than the coming week. Under the provisions of the resumption act , It is argued the , president is not pre vented , as he is In the- pending measure , from dealing with a syndicate which can be obligated to procure a certain proportion of the gold from abroad and what Is regarded as of even more importance , can be pledged not to take any part of the gold from the government supply and to protect the re serve , all of which obligations were con tained In the contract with theBclmoat - Morgan syndicate. The president and Secre tary Carlisle have strong views on these points. TOXED THE HESoZlJTIO.V DOWN. Honnc Committee AinenilH tin * Iliiynril Ililllflleliiuellt Uenollitloil. WASHINGTON , Dec. 27. The house com mittee on foreign affairs today hold a meetIng - Ing and considered the Barret and McCall resolutions relative to the speeches of Am bassador Bayard. The committee decided to report the McCall resolution In a modified form. As agreed on It calls upon the presi dent for Information as to the alleged ut terances of Mr. Bayard and the' correspond ence on the subject. The resolution has been very much toned down and made mild In comparison to what It was when Introduced. It was thought that In view of present circumstances It would be > much better to make the resolution simply one of Inquiry. The Cuban revolution wag brought before the committee through one of the resolu tions for the recognition of the Insurgents , Introduced by Mr. Blngham of Pennsylvania. It was the unanimous opinion of the com mltteo that congreso Miould not take action4 until further Information was In Its pos session ; so a resolution calling upon the State department for correspondence and In formation on the uprising was drafted. The case of ex-Consul Waller was brought up and the resolution of Mr. Miller of Kan sas asking the State department for the records of the trial and all correspondence with the French government will be re ported to the house. Aiitliorlxliiur a Iloimdiiry Conference. WASHINGTON , Dec. 27. nepresentatlvo Barrett of Mastachusitts Introduced In .the house today a joint resolution authorizing tin president to arrange a conference be tween the United States and nations posses sing territory on the American contintnt for the settlement of boundary disputes. The president is to Invite each nation to join the United States In a conference to be held In Washington In 1898 , to agree , It possible , upon all boundaries In dispute be tween such nations. IVnnic- the New Slilii Kentucky. WASHINGTON , Dec. 27. The twin sister of the new battleship Kearsargo has been named by Secretary Herbert after th state of Kentucky. I1OOTS FOH BIA1L OAItHIKHS Fe'.t lined and eheep lined the Esquimaux a genuine winter boot that's easy to wear and keeps the feet warm And J3DO Is not erough to pay for a pair Then there are felt lined shoes , In either congress or lace , at 1200 up to $3.59 , that are much sought after by men who are compelled to walk In all kinds of weather. We are head quarters on this kind of goods having every kind of a shoe or boot a man wants. Drexel Shoe Co. , ? ? .BtaoS ° or. < SCB r 1419 Fartiam. TELLER TALlffi'l ' ) . VERY PLAIN Senator Hill ItoscntiTfecfaio of His Remarks as Being "Personal , BOND RESOLUTION CAUSED THE TROUBLE 11. > ( limy nnil HurroTi Annoiinee Amend ment * to the Tariff Hill When It Come * Ovt'r ' from the/ Ilonln.- . ' J I WASHINGTON , Dec. 27. The senate was enlivened today by a spirited and somewhat personal debate Inlilcli Mr. Hill ot New York and Mr. Teller of Colorado were the principal figures. The Now York senator precipitated consideration of the bond ques tion by offering a resolution directing that future bond Issues to renew the gold reserve should bear a provision thai Ihey would be payable in gold or silver at the opllon of the holder. In support ot this Mr. Hill read a speech setting forth the difficulties ot negotl- ating bonds under the uncertainties ot the present law. Mr. Teller's reply to Mr. Hill was cutting , sarcastic and personal. He repudiated nnd protested against the efforts of the president and all his "tide waiters" to defame the credit ot the United States. He spoke ot the recent visit to Washington of a creat New- York banker as ono of those who had par ticipated In the "dishonorable or Imbecile" bond transaction ot last year. The galleries were crowded during the debate nnd the sen ators as well as spfctators enjoyed the caustic till. Mr. Allen , populist of Nebraska , added his prolcst to thai of Mr. Toiler ngalnsl Ihe defamation ot our natfonal credit. No final action on the Hill resolution was taken. Two tariff amendments made their appearance , one by Mr. Burrows nnd another by Mr. Quay. A re-solution was agreed to accepting the ram Katahdln , which recenlly failed fo meet Ihe speed requirements. Also a resolution for the formal transfer of the Utah administration from tha territorial to the new state authorities. Senators Burrows and Quay loday gave nolle ? of amendments which they propose to offer to the house tariff bill when U shall reach the senate for consideration. Senator Quay's amendmenl provides for an Increase of the duty on wrapper tobacco , making the duly on stemmed tobacco im ported In bulk $2 ptr pound , and on stenimol tobacco $2.50 per pound. Senator Burrows' amendment provides for a duty equal lo GO per cent of the McKlnley law duties on a largo number ot articles of schedule A , concerning chemicals , oils and points ; on manufacture * ! burr stone nnd grlndslonts ; on iron ores , cotlon ties and copper and manu factures of ; on a largo number of agrl- cullural products , including fresh milk , yolk ? of eggs , plants , fresh fish and sail ; on lemon ade , soda walcr and olhcr similar waters ; on flax , hemp , straw .ftnd binding twine and on feathers , paintings , statuary , hatters' plush , coff'e and hides. " Mr. Sherman , republican of 'Ohio , sug gested that It was ( contrary to precedents for a revenue bill to originate In the senate. It could be considered only as an amendment , not as a bill. ir f > Mr. Burroughs afcoidlngly ; offered the measure as an amendment and It was re ferred to the finance' committee. Mr. Hale. republlcantiDf Maine , offered a resolution directing thasacrelary of the navy lo accepl Ihe ram Katahdln aim place her on Ihe naval rolls. ' ' ' * Mr. Peltlgrow , republican of South Dakota , urged that this proposition tended toward a bad precedent. Thess"shlpa were given every advantage en 'speed ' trials , and if they failed to como up to rcquiremcnts It was but Just- they should be rejected. After soms dlscusilon 'as ; to thenierlts of warships Mr. Petllgrew Withdrew ! the tobjection , but Mr. Allen , populist of Nebraska , renewed It , whereupon the msasuro went over. Later In the day the objection wad withdrawn and the resolution adopted. Mr. Quay , republican" Pennsylvania , ex plained briefly a bill he would Introduce In creasing the duty on leaf tobacco. The bill making Palm Beach , Pla. , a sub- port of entry and delivery was passed. The falallty at Chicago , when something more than a year ago an army ammuni tion wagon exploded in Iho slreet , was re called by a bill offered by Mr. Cullom of Illinois , compensating the families of those unit.fi The bond question made Its appearance when Mr. Hill of New York Introduced the following resolution ; Kesolved , That any bonds hereafter is sued under the laws now in force may In the discretion of the secretary of the treas ury be made payable In United States gold coin of the present standard welpht and fineness or In standard silver dollars , nt the option of tha holder of such bonds , but no bond containing such option shall bear a rate of Interest exceeding 3 per cent per annum payable quarterly. Mr. Hill spoke at some'length in favor ) of his resolution. Ho detailed the serious con dition of the treasury , which could only be relieved by another bond issue. The secre tary of the treasury was hampered under the present law and should be given the op tion of Issuing gold or sliver bonds. An amendment to the present law ho believed Imperative. Mr. Hill considered a popular bond Issue under the present statute impos sible , but his resolution would take away this obstacle. No tariff law , ho Bald , would remedy the trouble. The .executive authorities , ho claimed , had clearly shown that the tremendous expansion of our paper circulation was the cause of our critical condition. His resolution was a temporary remedy. Mr. Teller , republican of Colorado , pro tested agatnot the assertion , first made by the president of the United States and now repeated in the senate , that the United States was bankrupt. Ho" protested against the repeated assertion that United States bonds could not be sold at a low rate of In terest. He specified the sales of bonds last year to show that coin bonds were readily sold. sold."In "In that transaction , which was an ever lasting disgrace , showing the dishonesty or Imbecility of this administration , our bonds were eagerly sought , " Bald Mr. Teller. There was a sharp colloquy between Mr. Hill and Mr. Teller an to the purposeof the resolution. Mr. Hill raid It simply sought to specify paymenU In gold as good financiers doubted our ability to float bonds at less than 4 per cent. "Who doubts It ? " asked Mr. Teller , pas sionately. "Wo are- told that a great banker from New York has recently been Invited to Washington to tcU ilj ; ' how to get out of this And to turn them Intd ready money we've made four Interesting prices , 15e 19c 28c 33V4o blacks and tana absolutely fast Hermfdorff dye double heels and toe seam less The 83V&0 kind 3 pair for $1 uro our regular Ma BOX The 2So sox will go for tl.GO fpr a half dozen pairs they're worth 33c a pair tha 19o kind are 93o a half dozen and are the regular 25c pair sox 75o Is the price far a half dozen of the 15o BOX Every pair of these Ijoso Is fully warranted and these prices are made for th6 next two days to reduce our Burplua and add to our exchequer. The Bale la for cash. Albert Calm , Men's Furnisher , 1322 Foruom. dilemma , This U only nnc ot the bankers con cerned In the disgraceful * cU of the l it year. la he th * ona * ho doubts our ability to float bonds at lest than 4 per cent ! " Mr. Teller proceeded with much vigor , hi * warmth of expression at times bringing forth A rlpplo of applause from the RMIerles , He repudiated the suggestion , he said , thai our credit was destroyed. The securities ol the United States , he * ald , "aro gilt edged" In the markets of the world. They are eagerly fought by financiers. They had never been dishonored and their dishonor proclaimed except by the president ot the United States and thorn who represented him In the United States penato. Mr. Teller entered his solemn protest against this degradation of our credit. "Later , " said the senator , "I will In detail answer these assault * on our national honor from those ot the president down to his low- et tldo-.w alter who assumes to come here and ppeak on financial affairs. " If the country was In danger It was because of the president's Intemperate utterances. H was a disgrace to have their constant as sertion that the nation has bon dishonored. Mr. Teller declared that the recent utterances of the president were to reassure his friends In New York with whom b always advised nnd who had become alarmed at the position the president had taken on an6ther subject. Mr. Allen , populist of Nebraska , protested against the remarks of Mr. Hill nnd the lat- ter's conclusions. Mr. Hill had , he said , given utterance to n statement to the effect tlmt all the treasury notes and greenbacks were redeemable in gold , but such was not the case. The greenbacks were redeemable In coin , and had been slnco the day when they were first Issued. So also were the certificates under the niand-Alllsan act. Mr. Allen , resuming his speech , * ald that the notes Usued under the Sherman act were also redeimablo In silver. He asserted that when the president bad said the greenback was rcdeemtblo In gold only , ho falsified the history ot the country , while Senator Hill advocated a policy that would change tlio wholct law In regard to legal tender. Mr. . Hill replied to the criticisms made. There wcro three distinct protests , ho said , based on the Idea that nn attack on the pub lic credit had been made by him ( Hill. ) On the contrary , his proposition was to sustain the public credit. The senator from Col orado ( Teller ) seemed to think that every remote reference to gold was an attack on his favorite Idea. "I do not know whether the senator Intended to be offensive , " said Hill , "In referring to the 'tide waiters' of the president. " Mr. Teller quickly arose to say that ho had not Intended to refer to the senator from New York. There were a number of men "hanging around the Treasury 'depart ment , " who felt thcmsolves qualified to speak on the financial policy. "The fabricator cater of metal coins , " he said , "was dally In the papers with learned dissertations on the policy of the government. " Mr , Hill , resuming , saltl he supposed the "fabricator of coins" referred to the director oC the mint. He was probably as competent to speak on finance as the gentleman "from the wilds of Colorado. " The senator as serted with emphasis that he was not one of those specified by Mr. Teller as "hanfilng around the treasury. " "I speak for no one but myself , " declared Mr. Hill , with vehemence , "and they1 cannot crowd me off that platform. " The senator said these attacks on the sec retary of the treasury were for alleged of fenses , when'every secretary during the last fifteen years had pursued the same policy. They had all protected the gold reserve. If this reserve were not protected the result Indirectly affected our national credit. He protested against thla firing In the air , this failure to answer a direct and clear propo sition with anything more than attacks on officials and with assertions that the na tional credit was being assailed. With the close of Mr. Hill's speech the resolution was laid aside. A Joint resolution was agreed to transfer ring the territorial machinery of the govern ment In Utah to the state authorities. At 2:25 : o'clock the senate went into ex ecutive session and at 2:40 adjourned until Monday. Wlbb , TIIY IT IN THE SE\ATE. Ailvocnten of the Ileet Sttunr Imluxtry Are- Not DlHcoiirneeil. WASHINGTON , Dec. 27. ( Special Tele gram. ) President Oxnard's Interview yester day on the revenue bill as It passed the house has caused Nebraska congressmen to cast about for a measure of relief in the senate and some favorable legislation lookIng - Ing to the fostering of the beet sugar In dustry In Nebraska. It was about decided today to ask Senator Thurston to embody Congressman Melklejohn's Ideas In an amend ment to the revenue bill , which will look Ilka a patch work quilt when It passes that body , if It ever docs , with the present small republican plurality. senator Alien mjecieu conaiuerauic ginger Into the debate today In the senate over the bond proposition and seemed to be the alder and abettor of Senator Teller , whose tilt with Senator Hill was keenly enjoyed by the other senators and crowded galleries. Congressman Halner stated tonight that It ho could get In he would address the house tomorrow on the bond proposition , but he thought tha leaders would consume the greater portion of the time allotted to debate , Robert Kneebs of Sioux City , with James Madscn and C. Johnson , was In the city today enroute to Germany to stand trial for entering and dilvlng a horss under a false name out of Its class. Kneebs and his wltnesws were granted passports by the State department. Dr. P. McDermld was today appointed an examining surgeon for the pension bu reau at Greenfield , la. Jacob Grim was appointed a fourth-class postmaster today at Pleasant Prairie , Mus- catlne county , la. , vice Alfred Stlgcrs , re signed , Although the chief executive officer In the supervising architect's office gave Con- gre&aman Perkins to understand some weeks ago that the advertisement for the Interior finish of tin Sioux City building should bo out by the 20th inst. , worlc upon the speci fications and estimates is etlll unfinished , and the advertisements will scarcely bo ready before the middle of January. Second Lieutenant William G. Fitzgerald , Seventh cavalry , le detailed for duty at WII- lett's Point , N , Y. , for Instruction In tor pedo practice. Flrut Lieutenant John S. Kulp , assistant surgeon , Is granted fifteen days further leave. Leave of absence for three months on Bur- goon's certificate of disability Is granted Prof. W. M. Postlewalto , chaplain , United States Military academy. Miss Blanche McKenna , who Is the guest of Mlsa Mullin , received -with a number of swell society girls ot Washington Thursday at a tea given by Mrs. Howard White , daughter of ox-Senator Sawyer , In honor of the Cornell Glee , Mandolin and Banjo clubs. John N. Cromellei ) lo spending the holi days with his mother at Ledrolt Park , a suburb of Washington. IIOMI HIM , MATICUIAI.I.Y AMENDED. Provision Mnde AKiilimt the Retire ment of tlie fireciiluivliM , WASHINGTON , Dec. 27. The ways and ncans committee has adopted the amendment to the bond bill suggested by Mr , Hopklnu of Illinois to prevent the accumulation In the reasury of the greenbacks and their prac tical retirement without cancellation. The amendment provides that nothing In the act shall ba construed to repeal or modify the act of 1878 for the relwuo of tbo greenbacks when redeemed. Another amendment was adopted making ho bends Issued under the act payable within Ifteen years. The second amendment had jeen suggested by Mr. Lacey of Iowa and met the approval of the republican members. In tbo original draft of the bill it was pro vided that tbe bonds should be redeemable at < he pleasure of the government after five rears from their date and It was thought jest to make a definite termination to them. The amendments word adopted by a otrlct wrty vote and tbe bill will be reported to he house as amended. Mr. Tarsney , demo crat of Missouri , offered an amrndment to epeal the act of 1878 for reliiulng the green- jacks , but failed to get any mipport for U. The amendment agreed to by the wayi and neanu commltteo this morning , providing hat the greenbacks should bo relsjeud , la considered a great concession to dissatisfied cne . _ _ _ _ _ _ _ Continued li ' the Semite , WASHINGTON , Dec. 27. The aenste has confirmed tbe following nominations : Henry I. Klapp of Utah , to bo atuoclate justice of the nupreme court of the territory of Utah , and Belinda Aihton , to bo postmaater at Flemlnesburg , Ky. For the Last 3 Days ol 1895 A Radical and Absolute Clearing Sale IN OUR Cloak Dept A MK lot oC Momlc Cloth , . ' 10-lncli , full swoop , Double Cnpcs no matter wltiit they solil for they arc worth today $10.H ) ; we Hlittll soil them for $5.00. Another lot , comprising every medium priced Capo In the house , both boncle and plain cloth , $4.00. In fact we have only line Roods loft and we shall make a round price of $20.00 to close them. This lot comprlsuH Electric Seals , Wool Seals , Astrak han , Marten and Monkey , and Includes goods that were sold at from ? ; ? 0.00 to $50.00. We will reserve but two garmentH. These were sold at $75.00 , and we will now sell them at $ . ' ! T.50. Children's Jackets , $ li. < ! 5 , $ ; ? . 5 and $ -J.S5. Children's Cloaks , $2.75 , $ ; i.75 and $4.75. WRAPPERS. All of this season's patterns will bo closed. Print Wrappers that were $1.00 , 5e ! ) each. Fleeced back and cotton eiderdown , were $1.25 , $1.50 and $1.75 , now OSc. This means all of them none reserved. All wool Wrappers , made from flannel , serge and cashmere , $1.50. This IB simply terrllle , and there arc lots of them. Elegant soft downy wool eiderdown AVrappers , In dainty patterns , $3.00 ; those were $5.50. We sold a great many before Christmas. Shawls , Muffs , Baby Cloaks and Ladles' Skirts proportionately low. The bargain of all A lot of ladles' Suits , of handsome , honest home spun , beautiful Bradford broadcloth , serviceable selected serges , that were sold from $20.00 to $115.00 , price to close $7.48. PRESIDENT DOES NOT LIKE IT Provision for Selling Bonds by Subscription is Objectionable , HISTORY OF SOME PREVIOUS ISSUES Secretary Cnrlinlc Addre e a Letter to Cliiilrimiii IHiiKley , Setting Forth the Ohji-ctloiiu of the AiliiiliilHlrntlon. WASHINGTON , Dec. 27. Chairman Ding- ley of the ways and means committee has received a letter from Secretary Carlisle , which is private , but furnishes some in formation concerning the condition of the treasury. Mr. Dlngley will not make the letter public , but says the secretary offers to furnish the houro with all data that may be needed. The condition of the treasury Is represented as very serious and Mr. Carlisle urges legislation for a gold bond. Mr. Ding- ley has Informed the secretary that a gold bond \fH9 out of the question and could not be considered. Secretary Carlisle did not say to Mr. Dlngley that a 3 per cent bond cannot bo floated , and did not discuss this feature of the case. This latter denial Is made be cause reports to this effect concerning the secretary's letter were In circulation. President Cleveland and hi * advisers. It Is learned , are strongly opposed to the homo bond bill , and thla feeling caurcd Secretary Carlisle to write to Chairman Dlngley. Aside from the Important objection that the bonds are to bo redeemed in coin Instead of gold , as recommended by the presi dent , It Is understood that the re quirement that the bonds be raid by subscription meets with disapproval. The experience of the government , It Is said , with sales by advertisement show the in effectual character of this means of protec tion to the gold reserve. The public notice 'or the first time was Issued In January , 1891. The payments were made In February prin cipally and In that month the withdrawals of gold amounted to about $16,000,000 In excess of the exports , which instead of de creasing reached the sum of $84,000,000 dur- ng the succeeding six months. The second sale was made by nollco published on No vember 13 , 1894 , and the withdrawals of that nonth and the two succeeding montlm amounted to $84,000,000 , nearly J50.000.000 n excess of exports or nearly the entire amount of gold paid for the bonds. After .ho syndicate contract of February 8 , 1895 , until the deliveries had been completed , during the succeeding summer , there were 10 material withdrawals for exports. The record of the first bond sale shows that the ndlvldual subscriptions amounted to only 74C.400 , while banking firms subscribed for $15.723,000 and Institutions for $33,824,700. The Individual subscriptions to the second aale amounted to only $1,633,850 ; those of ths banking firms to $37,813.500 ; Jnatltutlons , $38,903,800 ; or a total ( exclusive of the tyndl- cato'o bid for $100,000,000) ) of $78.341,150. The ability of the government to float any conwlderablS loan under the terms of the > ? ndlng bill Is also brought In question. The quotation of the United Slates 4 per cent bonds of 1925 Was yesterday $1.06 bid. This produced to a purchaser a return cf over 3 per cent. How , then , the admlnljrtratlon asks , can the bonds in the proposed law , which are limited to 3 per cent , be bid at par ? The question Is alee asked whether the re quirements as to advertisement , taken In connection with the flrit sentence * of the section , compel tbo Secretary to accept "coin" in payment for the bonds ; that la , either gold or silver. Joint Traiflln Annoelnlloii In Illi'icul , WASHINGTON , Doc. 27. Chairman Morrl- son of tlio Interstate Commerce communion today teal to ths senate a cepy of the arti cle * of organization of the railroad joint raffle association and alej a copy of a letter to the attorney general. la the letter to the attorney general the commission Bays the atreeiivtnt la In conflict with the Inter , itato commerce law and requenUi him to di rect the UnlUd Statea district attorney far tbo Bouthcru district of New York to luKtl- tuto proceedings by Injunction or otherwise to prevent Its being carried Into effect. IIOIM3 TO SAVK 0X15 OK THIS 1111,1,9. Senator * CntitMiMltiK oil the lloml mid llevelllie McaxiircH. WASHINGTON , Dec. 27. The republican senators have devoted considerable time dur ing the past few days to holding Informal con ferences among themselves concerning the hoiiEC tariff and bond billy. It Is 'generally admitted that both bills will encounter very serious obstacles In the senate , largely on ac count of , the silver sentiment In that body. This sentiment Is so strong that It has boon feared by the anti-silver men that Jt would result In a free coinage amendment to each of the bills. In view of thla situation Is has been susgested that ono of the bills might be sacrificed for the purpose of getting the other through. It Is believed by some that If the bond bill can bo first considered and a free coinage bill aubstltutcd for It and passed tha free coinage republicans will then con sent to allow the tariff bill to pass without a silver amendment , and It Is upon this line that the friends of the tariff bill are now proceeding. Some of the silver republicans have Indicated a willingness to consider thli suggestion , but others of them express doubtj aa to Its feasibility. VOTE ON THi : 1IONI ) HIM , I'OSTPOMSU Hull AVI 11 Not Hi- Culled Until Iat < Tomorrow A Tier noon. WASHINGTON , Dec. 27. A conferenci was held between Speaker need and th ( houBi managers today and the result was ac agreement for a vote on the bond bill to morrow Instead of 5 o'clock today. In the meantime. It Is to bo open to debate through out today and until 10 o'clock tonight and up to the time of voting tomorrow. A further arrangement was made that the way < s and means commltteo before reporting the bill should insert a clause showing that It IB not the purpose to retire the greenbacks. It wai also arranged that there shall be separate votes ono on the proposition for a $50,000 , . 000 bond Issue and another on the unlimited isiuo. The conference was ratlsfactory to all elements and the concessions made overcamt the protests against haste , which led las ) night to the appointment of a cpmmlttco ol republican members to wait on Speaker Ilecd , KI.A.TI2I1 AT Sl'KIXMSy'S 1'HOSl'ICCTS , HID I.leiileuniit Ilellevex Olilo'n Oliver * nor IN the Lending Ciimllililtiv CLEVELAND , Dec. 27. Hon. Mark A. Hanna , Governor McKlmcy'a political lieu tenant , and who has just returned from a four weeks' trip In the Interests of his candidate , today dUcusied the chances of the various candidates as they now appear. Said he : "I hold McKlnley to be the loadIng - Ing candidate. The people want him , anil the i > : ople generally demand him. Hit chances were never brighter or bettor than they are today , and In my opinion ho easily leads , Iteally the only aggmulve candidate besides McKlnley Is Mr. Heed , Doth ol these men are candidate ! * and very much so. Mr. Jto.'il Is the only strong opponent McKlnley has that Is , I mean , throughout the country , Alllnon Is not to hu regirded at present an much a candidate as ho Is factor. Ho Is of course strong In his own rectlon , and may become u candidate befort the convention annemblea , but at the present time I regard him as a factor only , Mor ton U strong In his section , but I do not regard him o a candidate. Of Harrison I know no more than what I see In the papers. In my opinion ha Is not a candi date. I feel quite mire ho would engage In no ncrambla for the olllco or do anything that would not bo In strict keeping with his dignity and the dignity of his position , All of them are receptive cpndldqtca , ol course , an my man would be , but In my opinion , at the present time the only ag- greislve candidates are McKlnley and need. " Iliiy * Uullly of Munlrr , BL , KENO , Okl. , Dec. 27 , The Jury In the Rugeno Hays case , charged with killing Con stable James Doss last March , has returned a verdict of guilty of murder In the first degree. This In the first conviction In Cana dian county for murder , Hook Driller * A nlurii > TIIOY , N , Y. , Doc. 27.-H. U. Nlnis & Co , , ono of the oldest book , concerns In thli city , made a general uaulifniiient this morn. Ing. The liabilities amount to ubout u * ela unknowu.
