The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-04
SENATE AND HOUSE.
Senatorial Work at the
National Capital.
THE BOND PURCHASE BILL
Receives Considerable Attention at
the Hands OF the Nations
Wise Men.
SENATE:

WASHINGTON, April Sin the Senate
to-day, Mitchell, from the committee
on railroads, reported bill appropri-
ating 100000 for boat railway
arou ID the obs RI ctions to navigation
IN Columbia River at the Dalles and
Cilillo Falls. The bill was placed on
the calendar.
Stewart withdrew his motion, here
tofore made, to reconsider the vote
passing the bill for the relief of pur-
chasers and other grantees of swamp
and overfowed lands and to reimburse
and indemnify certain States. The
bill goes to the House.
The resolution heretofore offered by
Riddleberger, to suspend so much of
the rules as provide for executive SEES
siOns during the consideration of the
fisheries treaty, was taken up. He
called for the yeas and nays on agree
ing to the resolution.
Edmuuds said he desired to submit
some observations to the Senate,
which he did not care to submit to Her
Maiestys ministers just at present. He,
therefore, moved that the galleries and
the doors be closed.
The motlun was agreed to and the or
der was eXecuty d.
The Senate, after two hours spent in
secret session, opened the doors.
During the secret session, Senator
Riddleberger' resolution to consider
the fisheries treaty in open session was
the only subject OF debate.
Senators Edmunds and Hoar made
strong fight against the resolution.
Upon motion of senator Butler, the
resolution was ordered to be referred to
the committee on foreign affairs, only
eight Senators voting in the negative.
line Senate then resumed cOnsidera-
tion Of the bond bill,
4 vote was t.eel.,sn on poliirr--.er's motion
TO recommit the bond purchase bill, and
the motion was rejected, yeas 20,
nays 81.
4 substitute for the bond-purchase
bill, declaring that the authority to
purchase bonds given in the act making
appropriations for sundry civil eX-
penGes for the year ending June 80,
1882, was intended to be a permanent
provision of law, and Is declared such,
and to be now in full force and effecs,
was offered by Spooner and was
agreed to.
Spooner's substitute was agreed to
without division.
DSCh buCll OlTLSu eS az dI1OhOI1Oll
an additional section, providing that
whenever the circulation, or any por-
ton thereof, to any bank not in llqui-
dation, shall be surrendered, and shall
not be taken up by other national
banks, the Secretary of the Treasury
shall purchase at the market price, an
equal amount of silver bullion IN excess
of the minimum monthly silver
coinage, which shall be coined and used
as provided for in the silver coinage
bill of the 18th of February, 1873.
Stewart proposed an addition to the
amendment, and Beck accepted it, pro-
viding that nothing in the act shall alter
she repeal of the silver coinage act of
1878.
Sherman approved, fully, of the sub
stitute as agreed to, and thought
it an improvement on the House bill,
but thought 1t best to postpone consid-
Grafton of BeCk's proposition till more
convenient season. He was clearly OF
the opinion that it was not wise to con-
Ginue the coinage of silver when pur-
chased. II The proposition was stripped
of that feature, if it applied only to the
purchase and deposit of silver bullion. it
would be relieved of objection. Would
it not be best to let the bill, as it now
the President and be approved and car
ried into execution, and let the proposed
amendment and all propositions as to
the silver question, 60 to the committee
on finance, and be carefully consideredP
Allison suggested some verbal changes
in Beck's amendment, so as to make it
read, that whenever the circulation.
or any portion thereof. of any national
bank not in liquidation shall be sur
rendered by the deposit of United
States notes in the treasury, or other
wise, and the same, Or any equivalent
amount, shall not be taken by other
national banks within thirty days, the
Secretary of the Treasury snail, etc."
After further debate by Beck, Nc
Phersou and Plumb, and without &C
ton on the amendment offered by Beck
and with the substitute for the bill
still to be reported by the committee of
the whole, the Senate adjourned.