Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-04-04
CONGRESSIONAL.
4 Long snd Stormy Debate In the
House Over the Senate Direct
Tax Bill.
spooneI's suo,tisute for the whole OF
The Bond Bill is Passed BY the Senate
Without Diss ant.
Efeieth Congress.
THE SKNATE.

referred was the following:
To send United States troops to Chica
go to protect the lives and property o
the cltlz ms against the socialists OF ILL
nois and Iowa.
the resolution heretofore offered by
Mr.. Rlddleberger to suspend 30 much Of
the rules as provide for executive SEES
sions during consideration Of the fisheries
treaty WAS taken up.
Mr.R ddleberger said he hsd given notice
yesterday that he would Call up the reso'
luton In order that tn 0se VINO were op-
posed to 1t might absent themselves and
draw upon the courage which they lacked
ID vote for it. His proposition had been
beaten from time to time and had beer for
dive years oy inst the same kind OF psrlia
mentsry practice that mad been tried to-
day, iHterposing other morning business.
de called for the yeas and nays.
Mr.. E 1munds said as the question WAS
one Of agreeing to the resolution, he de-
sired to submit some observations to the
Senate which he did not csrs to submit
TO her Msjesty's Ministers ast at present.
de therefore moved tnaE tue galleries De
cleared and the doors closed. The mo-
zion Was agreed to and the order at 10
| O'Clock was executed.
Alter executive session the debate &C.
Cured on Mr.. Spooner's substitute for
the whole of the bod bill. The suosti-
tute is as follows:
rn.t section 2 Of the act making sp-
preparations for sundry civil expenses Of
the government for the year ending June
80, 1882, In these words: "TnaE the
secretary of the Treasury may at any time
apply the surplus money in the Treasury
not other wise appropriated, or so much
thereof as he may consider proper, for
the purchase or redemption of United
States bonds, provided that the bonds 30
pu CHASED shall constitute no part VI the
siuking fund, but shall be cancelled"
WAS inte.ded to be s permanent provision
of the law, and the same is hereby de.
clared to have been since its enactment,
and to be now In full force and effect.
The substitute was agreed to without
dissent.
Mr. Beck then offered an amendment
as an additional section providing wnen-
ever circulation or any portion thereof of
any osIk not 10 liquidation shall be sur
rendered and shall not be taken up by
other national banks the Secretary Of the
| Treasury shall purchase 81 market price
An equivalent amount Of silver bullion ID
Excess uf minimum monthly silver coin
age which shall oe coined and used as
provided for 10 rhe silver c0lnsge bill Of
| February %, 1873.
Mr.. Stewart proposed an addition 10
the amendment, and Mr.. Beck Gcce pied
il, providing nothing in the act shall alter
or repeal the SILVER coinage sct OF 1878.
Mr.. Sherman approved fully OF the sub
stl,ute as agreed to, snd thought 1t an
improvement on thu House bill, but he
n Iught 1t better to postpone cJnsidera-
ton Of Mr.. Beck's proposition till a
more convenient season. He (Mr.
SnermaD) thought he could see some OBJ
4ction TO that proposition. IL involved
questions Of serious diff ultv. One Of
these questions WAS whether it was wise
to Commune the consge of silver when
purchased. He was clearly Of opin-
ION thst 1t was. There is now
N the Treasury and suJ-treasuries over
200, 600 600 OF silver dollars aud only be-
tween $50 900, 900 and $50, DOC, 600 in cir
culation Ii the proposition OF The
Senator from kentucky were stripped OF
that feature, the coinage CT silver, and II
1t applied only to the purchase and de-
post of silver bullion, 1t would he re-
lieved of the objection which ne (Sher-
m.r) had 30 It. he was as much In favor
Of bimstallc currency as any
one In the United Stales.
BE believed that both silver
and gold we're necessary to carry on the
fn .ncial aft ,irs of the country, but gold
was only q representative OF The value In
operations with foreign countries. He
suggested that consideration OF the
important question involved in MIR.
Beck's amendments should be post
poned week or two, so as to see how 1t
might not be defeated, but mod
lied or changed without dis
turbing the business of the country
Mr.. Beck reminded the Senate that he
bad favored the passage Of the bill just
as it came from the House aud had twice
voted against Mr.. PIumb's amendment.
81. did not care to go now into The ques-
ton suggested by Mr.. Sherman as to con-
fuming his amendment to the purchase
Of silver bullion. H. -ck) did not
propose to make any din renee between
he two coined metals. HIS amendment
merely provided against the contraction
of the currency.
Mr.. Allison suggested some verbsl
changes in Mr. Beck's amendment, which
the latter accepted, so as to make Il read |
"Thst whenever the circulation or auy |
portion thereof of any national bank not
10 liquidation shall be surrendered by 6
deposit of United Sta-es notes in the |
treasury Or Otherwise and the same or |
any equivalent amount shall not be taken |
by other national banks within thirty |
days the Secretary Of the Treasury shall,
etcn |
Mr.. Plumb spoke at length on the |
amendment. He said in any view that
could be taken OF the bill the amendment
fred by the Senator from Kentucky
was most important part of 1t. H$1
wanted something which could be Aed,
something within sight, something which |
did not depend upon its chances Of "run- |
Mug I, rapids" OF the House OF Repre-
sentatives at this session, ana here
was something conservative, something |
providing that whatever the volume
of paper money now out
standing was that Volume should be
maintained. He believed, however, that
the volume should be increased in pro-
portion to the Increasing population and
business needs of the country. At this
Stage of discussion, aud without action
on the amendment offered by Mr.. Beck,
(snd with the substitute for the bill still