Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1888-03-27
THE NATIONS
Animated Discussion Of the Bond
Purchase Bill.
Kerr Wants a Permanent Board Of Afbi-
trati0n Between the United
States, England and
France.
Iowa Patrons Of Husbandry Desire Their
Agricultural Interests More
Fully Protected.
The International Council of Women
in Session Something About
Their Aims, Objects
and Plans.
WAsHINGEoN. March 26.
Senate.

raj products be equally protected with manu-
featured articles; that foreign immigration
be restricted 50 as to keep ont all pauper
and criminals, and that United States Sena
tors be elected by the direct vote of the peo
pie. Also petition for the protection o
woods and wooden goods.
The bill appropriating five thousand dol
lars to defray the funeral expenses of til,
late Chief Justice of the supreme court, wa
passed.
Mr. Riddleberger called up his resolution
for the consideration of the fishery treaty il
open session.
Mr.. Sherman thought that the foreign re
latons committee would so recommend.
After some debate the resolution went ovel
without action and the Senate took up the
House bill authorizing the purchase of gov
ernment bonds with the surplus.
Mr.. Cullom, from the committee on terri
tories, reporting unanimously the resolutions
declaring it to be the of the Senate
that new States should be admitted into the
Union only on the basis of equality with the
existing States, and that Congress ought moi
to exercise any supervision over the proyis-
ions of the constitution of any such new
States further than is necessary TO guarantee
to each State republican form of govern
ment that the proposed constitution for the
State of Utah contains provision which
would deprive such proposed State, if admit
ted, of that equality which should exist among
different States, and that it Is the sense of
the Senate that the territory of Utah ought
not to be admitted into the Union as a State
until it is certain beyond a doubt that the
practice of plural marriages, bigamy or po-
lygamy. has been entirely abandoned and
:, ba civil
vice of the territory is not controlled by the
priesthood of the Mormon church
He asked for the immediate consideration
of the resolutions, but they were laid over
for consideration.
A message from the President on the sub
ject of furnishing copies of minutes and
protocols of the fisheries Tcommis'ion, was
presented and referred to the committee on
foreign relations.
The resolution to suspend the rules for
executive session in respect to the tisheres
treaty. was taken up but laid over.
The Senate then proceed to the consilcra-
ton of the House bill to provide for the pur
chase of United States bonds by the Secre-
tIry Of the treasury
Mr. Plumb offered an amendment requir-
ing the Secretary of the Treasury. whenever
the circulation of national bank is Surrend-
cred to issue an equal amount of Treasury
notes Mr. Plumb said that bank notes in
circulation are shrinking S3D,0op,0H1 yearly.
Under the propos ii bill they would shrink
$50 coo, 600 Il year more. The country was
over the crater of financial disturbance.
The question had more to do with the peo-
pies welfare than any other question pend
ing in either sshousc For every dollar of
shrinkage in currency there was an equal
shrinkage in property. His amendment
would prevent a further contraction. Messrs.
Morrill,, Beck and Farwell opposed the
amendment on the ground that 1t would
cause a long discussion aud thus delay the
passage of the bill, while the committee had
under consideration several bills covering
the point made in the amendment, two such
bills being already Oh the calendar
Mr.. Farwell in his remarks, took occasion
to approve the conduct of the Secretary of
the Treasury in purchasing bonds to relieve
the money striug ncy and subsequently
hen authority to purchase bonds was donb'-
ful. OF depositing money IN the national
ba ks.
Nr. Plumb's amendment was laid on the
[ lble bv vote OF % yeas anl -
ua,s Mr. Plumb +, newel the amendment,
modified in regard to the legal tender quail
w OF tue pIopO1th ib'N7 "N' tiN
ceeded to argue the point. He said the pa
per currency had diminished nearly a hun
drcd AMI eighty million since 1898. The
pending bill was not proposed to increase the
volume of the currency. No one could proph-
csv such result. The national banks held
about $50 900 900 bonds as security for
the currenc, beyond the amount needed to
maintain their charters. Under the proposed
law the Secretary of the Treasury will not
probably buy over 500, coo 600 of bonds. 1t
would be practically no increase at all IN the
circulating medium. Mt stewart said
it was bad time fsr the Government
to speculate in bonds. These obligations
ought to be paid provided by law.
Tne pc ople had lost 800, 100000 by paying
for bonds in gold, when the law made them
pavable in silver. He would not vote to buy
bonds unless with silver. He had an amend
meut which he would Ike to propose, Fequir-
ing the treasury to buy silver bullion. not
less than four nor more than eight million
per month. coin the same and buy bonds with
it.
Mr.. Hiscock opposed Mr.. Plumb's new
amendment Oh the ground that it would not
get any money ont of the treasury
Mr.. Morrill, moved 10 lay the amendment
on the table 1t was defeated by vote of
yeas 2i uays -. The amendment was
adopted by vote of yeas Is, nays 2l.
Yeas-Messrs Bates. Beck, Berry, Black
burn, Blair, Call, Cameron, Cockren, Coke
Daniel, Dolph. Faulkner, George. ingalls,,
Jones of Nevada, kenna, Mitchell, Palmer,
Plumb, Ransom. Reagan, Stewart. Teller,
Turpie, Vance Vest, Voorhees,, WalthalI-
IS.
Navs-AlIison, Chandler, Cullen, Davis,
Dawes. Larwell, Gray, Hale, Hampton. liar-
ris, Hiscock. IIoar. Jones OF Arkansas, Nor
rlll. Platt salisbury. Sherman. SpooneT-
Stock bridge, Wilson of Iowa and Wilson OF
Mary land--2l
MIR. Stewart offered an amendment allow
ing deposits of gold or silver bullion (not
loss than 1--WE ounces of gold or 50 ounces oi
silver and the issue of coin certificates there
for He argued in support of it. Mr.
Evarts opposed. He said that 1t was no
wise TO 90 in advance of public Judgment
deliberately formed, in matters that con
cerued the currency and values. He be
loved the proposition would not be accom-
nhsbed. and might endanger what he desired
sonnd. sure movement toward the rebsbili
ta,ion of silver
/ Mr.. Plat also opposed it and said that th'
volume of rreeubacks, rational bank note
I and pold aud silver coin had increased rathe
than diminished. No doubt under the pro
nose1 amendment ii would be an unlimited
inaation. He proposed that there should b
no over production of silver IN the world
Mr.. Stewart asked why, if there had beel
such over production of silver in the world
silver would now buy more land
labor and other commodities than tn
time when silver vas at premium
of per cent. over gold. Mr.. Plat decline
10 go into the question, but insisted that NOR
silver was produced than there was use for