Show LATEST TELEGRAMS II C S FORTYSLXrH CONGRESS REGULAR SESSION HOUSE Washington 20The session wa for debate on tha funding bill and I the House went into commit2e of f the whole Felton favored his eubt tuto requiring the secretary of the treasury to redeem bonds coming due at stated intervals with god ant I silver in the treasury in excess of 2 5 per cent of the outstanding Unite I States notes alto requiring the secretary secre-tary purchase 4000000 bullo 1 monthly at par for coinage into dollars and prohibiting the issuance hereafter of interestbeing bonds Orth thought the 3J per cent bond would bring par and contrasted th 3 present state of aflaira with tha twenty years ago when under demc cratio rule the public securities cooL I only bo negotiated at 12 per cent Frye and Kelly engaged in a discussion discus-sion as to whether the public deb C could be paid in twenty year Kelly mid it could in fifteen year at the present rate of decrease to which Frye assented but said the I present rate could not continua for ever Kelly declared that with the stoppage stop-page of tbe cancellation of Sand S-and the reunonetizitioti of silver de prGEsion ended and the country wa I fulfilled redeemed All his prophesies h were I Frye would vote for the bill uu i believed in tho next 100 years the I country would not tee a lower rat I than 3 The history of the financio I management of this country since the war was the moat magnificent eve r I written from the dawn of tbe creation to the present time and waa due to CcI the sagacityperaeverance fidelity and I courage of the renublican party who stood against inflation and repudia lion and saved the integrity of the country |