St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-17
NATIONAL AFFAIRS.
House Committee in Favor of For
bidding the Issue of Small
Bills.
An Organized Effort to Secure a Suspension of
Silver Coinage.
Sabin's Bill to Revive the Army Grade of
Observation-Disclosures Capital
News.

than five dollars, and provide for the issue OF
one, two and five dollar silver certificates.
The bill provides that on and after the pas
sage of the act, it shall be unlawful for the
secretary Of the treasury to print and issue
treasury notes Of a smaller denomination
than five dollars, and any holder of standard
silver dollars, or silver certificates, may de-
posit the same with the treasurer or any as
sistant treasurer Of the United States
in sums of not less than
ten dollars, and receive therefor silver GER
tificate of the denomination, at the option OF
the holder, Of one, two, and five dollars, pro-
vided that nothing therein contained shall
interfere with the issue of silver certificates
in other denominations, as now provided by
law. The following feature of the original
bill was stricken out by5 to B, which pro
vided, whenever the standard silver dollars
in the treasury not held for the redemption
of silver certificates of the denominations Of
one and two dollars, shall exceed the sum Of
twenty million dollars; the secretary treasury
may suspend the coinage of standard silver
dollars, provided fer in the act of February
%, 1878, during the period that such excess
shall continue to exist" The yeas were:
Bland, Dowd, Pusey, Lanham and Belford;
nay: Hardy, Lacy and Chace.
SILVER COINAGE.
The representatives of the boards Of trade
and chambers of commerce of the various
cities who are to urge the suspension of the
coinage of silver for two years, began argu-
ments before the banking and currency COM
mittee. Nathan Cole, st. Louis, said, great
er apprehension filed the minds of business
men to-day than ever before. This last turn
of the scale, he thought, would precipitate
this country on to silver basis. How can
the S16S, ,000.000 of silver of this country
drive out $500, 900, 900. Gold is being export
ed very rapidly, and this is occasioned by
less trade. The fear now is, that the people
will become apprehensiye of the scarcity of
gold, and very soon, if the export continues,
will clamor for it. 1t will be boarded, and
what will be the result? The secretary of
the treasury will say he cannot pay gold, but
must pay silver. Then will come trouble.
G. s. Smith presented a memorial petit
tioning for the suspension Of the coinage Of
silver, and discontinuing the issue of 81 and
50 bills sent by the New York chamber of
commerce. Buckner said he thought that
no appropriation should be made by the COM
mittee on appropriations for printing bills
less than SIS. Smith continued: 1sWhen
the sub-treasury in New York says to the
clearing house, You have got to take silver
for your balance, a panic will come. The
effect of the suspension of the coinage would
be that nobody but silver men would be
hurt; that the possible danger of putting the
government on a silver basis would be pre-
vented, and panic, which would result
from the contraction, be averted.
Chittenden, of New York, read a letter
from New York gentleman, received to-
day, inquiring whether or not congress would
stop the coinage Of silver. If there was no
prospect of stoppage, the writer said he would
''get ready for the result"
Butler, of Newhaven, and John A. Gano
and H. P. Boyden, of Cincinnati, made brief
remarks. Crosby presented memorial from
the Chicago board of trade similar to that
prepared by the chamber of commerce of
New York.
CONFIRMATION.
The senate confirmed Charles E. Coon, as
sistant secretary of the treasury.
Comptroller Knox will become president of
New York bank ON May l.
WHAT CONSTITUTES 4 WHOLESALE DEALER.
The first comptroller of the treasury made
decision in effect that liquor dealer who
sells at one time different kinds of liquors to
the amount of five gallons will be considered
wholesale dealer. This action reverses a
ruling on this question made by Judge
Brown, of the eastern district of Michigan.
MISCELLANEOUS.
At special meeting of the Washin gton
Monument commission was held at the exec
utive mansion this afternoon, at which it
was decided to notify congress of the antici-
pated completion of the monument by the
first of October next, or early in the summer
of 1885 at the farthest, and recommend
prompt action to be taken looking to a fitting
celebration of the event.
The secretary of the interior disbarred
Lindsay Steele, of Chester, ILL.,, from prac-
tice as pension attorney, and w. H. Willis
& Co., of this city, have been restored to
practice.
Representatives Dockcry and Hoskins,
(Kansas) made arguments to-day before the
house committee on commerce, in favor Of
establishing Missouri river commission.
DISCRETIONARY POWER.
John A. Gano Cincinnati, was before the
banking and currency committee to-day, and
called attention Of the members to the power
of the comptroller Of the currency, as au-
thorized by the national bank act. He said
there were fifteen instances on the law where
the comptroller had discretionary power.
Mr.. Gano was Of the opinion that amend
ments should be made to the law, taking
away some Of the power now held by that
official. He said he would forward to the
committee at an early day, bill he had pre-
pared on the subject.
FERRELL VS.. PAUL.
The house committee on elections in
structed Representative Lowry by vote of
to 4, to the contestant in the Virginia cleo
ton, case of Ferrell VS.. Paul. Adams and
Elliott, Democratic members of lthc commit
tee did not vote, Action is recommended on
the ground that a large number of the per-
sons who voted for Paul were delinquent in
the payment of the capitation tax,
GENERAL OF THE ARMY.
The bill introduced by Senator Sabin, to
revive the grade Of general of the army,
provides that the president be authorized to
nominate and by and with the advice and
consent of the senate to appoint general Of
the army and in the same manner fill any
vacancy which may occur in the Office of
lieutenant general of the army through
death, resignation, retirement or promotion
of the psesent lieutenant general.
MAIL CONTRACTORS FRAUDS.
Second Assistant Postmaster General r.
D. Lyman was examined before the Springer
committee to-day, with relation to claims
against mail contractors for fraudulent over
charges. He said the Saulsburys were
anxious to procure an arbitration, but the
government declined. He said, in forty
three of their routes, where the expeditions