THE BOND INQUIRY.

다국어 초록 (Multilingual Abstract)

The storm of caustic discussion on the currency question that lately has been sweeping over the country originated in the Senate early in May, when active steps were taken by the Finance Committee to investigate the bond-sales of the present administration. A sub-committee to conduct the investigation was appointed on May 12, consisting of three Democrats, one Populist, and one Republican. On May 22 Senator Butler, of North Carolina, introduced into the Senate an anti-bond bill and on June 2 the bill passed that body by a vote of 32 to 25, being favored by 17 Democrats, 10 Republicans, and 5 Populists and opposed by 16 Republicans and 9 Democrats. Enacting "that the issuance of interest-bearing bonds of the United States for any purpose whatever, without further authority of Congress, is hereby prohibited," the bill practically repeals the Resumption Act of 1875, which authorizes the secretary of the treasury to issue and sell bonds in order to maintain the gold reserve.