The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-04-05
YEAS.

The pairs were announced between
Mossra. Harris and Morrill,, Morgan and
Eynrts, Hearst and Payne, Pasco and QUAY,
Ransom and stockbridgc, and Reagan and
Edmunds.
Mr. Reagan offered an amendment di.
rccting the purchase and cancellation of
bonds with 500, DOC, 900 Of gold now in the
treasury for the redemption OF legal tender
notes
Mr.. Beck said that the hill with his
amendment was a simple proposition 10 al
low the President 20 use the surplus in
buying bonds and at the same time TO take
care that the present volume OF currency
was not contracted. lie appealed 10 the
senator from Texas 10 withdraw his amend
ment, stating that he would have. an op.
portunity 10 offer II 10 the bill "for the in-
vestment OF certain sums in the treasury"
Mr.. Reagan, relying ON that assurance,
Withdrew his amendment.
Mr.. Sherman moved 10 amend Mr..
Beck's amendment by substituting silver
bullion for silver coin over the 1000, 600
monthly, but the presiding officer ruled II
out OF order, ms tho Senate had already
agreed 10 the Beck amendment and made
u long talk. In conclusion he said. 81
am willing 10 do all that can be done 20
mainiain silver, provided the Senate stands
by mo In maintaining the two metals nj
par with each other until, by the common
consent OF the nations OF the world, there
may be ratio fixed approaching the
present one. We must not forget that our
exceptional property and our exceptional
condition grow out Of our public credit,
our. .publio faith, our currency, our
finances, and our growing revenues under
the protective system, which lies at the
foundation Of our great prosperity"
MIR. Allison said ho had voted for the
amendment respecting silver, and saw
nothing in II that had tendency in the
slightest degree 10 alarm the people Of this
couniryas respects silver coinage. During
the last eight months there was an increase
Of ", O0O,O 900 In circulation by the use of
silver certificates Expansions aud con-
fractions were going ON all the time 10 the
extent 81 S2u,OOO,OOO q month, without
causing the slightest perturbation In bust
ness. This amendment. he declared, was
the most harmless that could have been
devised.
Mr.. Mcpherson moved TO add 10 the bill
Provided that nothing In this act shall
authorize the Secretary ~ the Treasury 10
coin more than Si,OOOOO worth por
month the limit fixed In the act Of Feb.
ruary ~, 1873.
Mr.. Stewart moved 10 lay the amend.
mcnt on the table.
Without action ON this motion the Sen.
ate adjourned, leaving the pending
question Irrespective Of Mr.. McPhcrson's
propositionl ON tho adoption OF the
spooncr substitute AZ added 10 by the Beck
amendment.
SENATOR wALrUALL's BftL.
Some time ago senator Walthal intro.
duced a bill ior tile withdrawal Of public
lands IN Mississippi from sale at ordinary
private entry. The public lands commit.
tee, after consideration Of the matter, con.
cludcd 10 report bill covering all public
lands, and this morning senator walthall,
by direction Of the committee, reported
the following ~ q substitute for his till.
Resolved, That from and after the pas.
sagr Of this act the public lands OF the
United states now subj cct 60 private entry
shall he DISPOSED Of under aud accorling
to the provisions Of the homestead laws
only"
senator Cockrcll gave notice that he
would oppose the pas.agc Of the bill ON
the ground that Il was unjust 10 citizens OF
| Missouri