tion, he commenced to buy bonds and complains that
they are too high, and that he calls wise financial management.

"So now here is a law, on the statute book for over a year, to
enforce a demand on the Canadian authorities that our fishermen,
who are there carrying on their hazardous enterprise, should have
the right to enter the port of Halifax and ship their goods under
the plain provisions of the treaty or the law, and, if that right
was denied, then here was the law expressly prepared for the
particular case, to authorize the President not to do any violent
act of retaliation, not to involve us in any dangerous or delusive
measure which would excite the public mind and probably create
animosities between these two great countries. But suppose he had
simply said: 'Well, if you deny to the Yankee fishermen the right
to transship their fish, we deny you the right to bring fresh fish
into Maine, Boston, and New York, and scatter them all over, cured
by ice,' for that is the effect of it--ice takes the place of salt."

My allusion to the finances as usual excited the ire of Mr. Beck,
who said:

"The Senator from Ohio gets away from the treaty and talks about
this administration not buying bonds and how much we could have
saved because they have raised the price; but I want to say that
he himself was the man, both as Secretary of the Treasury and as
chairman of the committee on finance, who arranged our debts in
such a way that we could not pay them."

In my reply I again called attention to the fact that the House,
of which Mr. Beck was a Member at the time of the passage of the
four per cent. bond bill, and not the Senate, was responsible for
the long period of the bonds. I said:

"The Senator from Kentucky says I am responsible for the fact that
there is the prolonged period of thirty years to the four per cent.
bonds. He knows, because he was here the other day when I showed
from the public record, that the Senate of the United States proposed
to pass a bill to issue bonds running only twenty years, with the
right of redemption after ten years; and if the law had been passed
in that form in which it was sent from the Senate none of this
trouble would have existed; but it was changed by the House of
Representatives, of which the Senator from Kentucky was then a
Member. I believe he voted for the House proposition against the
Senate proposition, by which the time was extended to thirty years,
and they were