Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1888-04-05

ence on the value of silver but it would tell the
world that the great sllver-producing country of
the world was satisfied il did not make a mistake
when it partially demonetized silver, and that
step by step it had proposed to go on until there
was complete recognition of silver as money
metal in all respects equal with gold.
The question was taken on Beck's amend
ment, and agreed to-37 to l3
Reagan offered an amendment directing the
purchase and cancellation of bonds with the
Sl0,000,000 in the Treasury for the redemption of
legal tender notes.
Farwell asked if he intended to say that the
legal tender notes were not debt, as shown
upon their face.
Reagan said that technically they were debt,
but practically they were money The easiest
way TO reduce the surplus and relieve taxation
was by the adoption of his amendment
Later Reagan withdrew his amendment on the
assurance OF Beck that he would have an op-
portunity to offer it to another bill
Sherman said the Senator from Texas had
spoken of there being great distress in the
country. Sherman attributed this distress to
the fact that the Administration had not exc
Gated the law giving it full power to use the
surplus in the purchase OF bonds. The Demo
cratic House had also refused to pass the senate
bill allowing national bank currency to be is
sued tothe tull amount of the bonds deposited.
The effect of this policy was that since the Ad-
ministration came INTO power the national bank
currency had been reduced by S170, 900, GOO and
that was not all. When the banks commenced
to reduce the only way they could do it was by
deposlung United States notes in the Treasury,
and that they had done to the extent of Sl02,-
100000. That slO2 600, 600 of United States notes
was now tied up as the result of the faulty ac-
ton of the House. So the result of that policy
of the Democratic party was to make double
contraction OF the currency. The distress could
easily be relieved by continuing an efficient
national banking system and removing the
present restrictions on the issue of national
banking currency.
Mcpherson moved to add to the bill: Pro
yfded that nothing in this shall authorize the
Secretary of the Treasury to coin more than
four million dollars worth per month"
Stewart moved to lay the amendment on the
| table, and without action the Senate adjourned
The House.
WASHINGTON, April 4th.-In the House, after
the reading of the journal, an effort was made
by the friends of the special order (the direct
tax bill to make an arrangement by which
final vote upon the measure would be insured
today but breckenridge of Arkansas objected
! to the proposition.
Taylor of Ohio thereupon moved to limit the
general debate to one hour
The opponents of the bill then resorted to
| flibustering tactics.
The entire day was consumed in voting upon
dilatory motions. AT 6o'clock the vote occurred
on motion for recess until tomorrow at 10
O'Clock.
! Breckenridge made motion that Mcmillan
| be excused from voting upon Taylors motion
Reed OF Maine and Burrows of Michigan made
the point of order that a motion to excuse was
not In order. Reed suggested that if il were
more motions would be submitted to excuse
! every member.
Ine Speaker said that while this might be
very inconvenient, he thought motion to ex-
cuse was in order.
| Grosvenor of Ohio remarked, suggestively, that
| 1t might be very convenient motion for the
minority to avail itself of. There were I45 mem
| bers OF the minority. At six hours day they
| could up fifty days upon every vote, and he
| gave notice now that if God spared his life and
| this motion were admitted, if he could get a
minority to stand with him, he would do It on
! every question, which would affect somebody
very materially. The House was asked to put
a technical construction on rule that would
| paralyze the business of the country and put
| into the hands of the minority power TO usurp
\ all legislative fanctions.
The Speaker said he had expressed no opinion
as to what the rule ought TO be. He had simply
stated what it was.
! Breckenridge of Arkansas withdrew his mo-
| tion to excuse Mcmillan.
Grosvenor of Ohio inquired if the ruling of
| the Chair would be allowed to stand.
The Speaker replied that he supposed all the
| proceedings would stand as part of the record
OF the House, but the Chair would give this
! question a thorough examination.
The motion for recess was set aside by mo-
! tion to adjourn until Friday. On this no quorum
/ voted, and call of the House was ordered.s
PROSPECTS FOR AN ALL-NIGHT SESSION.
| WASHINGTON, April 4th-10:30 P M.-The sit
J nation remains unchanged, except that there
| has been gradual falling off in the number OF
members responding to their names upon roll
call. At this hour the prospects for an all-night
| session are strengthening.
| WASHINGTON, April 5th.-The House, at 215 A.
NJ, took recess until 1l:45.