The sun., 1890-06-07
THE FIFTY-F[RST CONGRESS-.
BOTH HOUSES AGAIN DESOUsSTNG
THE SILVER QUESTION.

In the House Mr.. Flower Broke the No.
hotony with n Speech in Favor or Oh oos.
inE Adaisistrhtivs OmoIaIs By Popular
Vote Walker OF Massachusetts Vio-
lated the Rules OF Dseorun By Remov.
ing His Coat while Making n Speech.
WARRINGTON. June 6-In tho Senate to-day
Mr.. Platt tRep., Conn., presented n petition
from tobacco growers and dealers Of the Hou-
sstonic Valley. Connecticut, in favor OF specific
duty Of not loss than 50 a pound on imported
wrappers. Referred to the Finance Committee.
A new conference was ordered on the De-
pendent Pension bill, and Messrs. Davis Saw
yer, and Blodgett were appointed conferrees
Oh the part OF the Senate.
The Silver bill was then taken up. and Mr..
Plumb (Rep.. Kanl addressed the Senate. He
said that there wero two questions involved
one as to the volume OF currency and the other
as to what tho currency should consist Of.
Thero seemed to be II general consensus OF
opinion that the volume Of the currency should
be increased. How much Of that was sincere
ho would nave occasion 10 remark unon before
he concluded. He declared that the clrcula-
ton to-day was s2i0.0O00O0 less than tho
trainers OF the financial legislation OF 1873 an
ticipated, although the commercial business
OF the country had doubled within that time.
There were varying estimates of the outstand-
ing circulation. His own estimate placed It at
3l.500.0O0.000. That included gold coin, silver
coin, greenbaoks. and national bank notes but
did not lnclu de gold and silver certificates as
that would be counting the same money twice.
On the theory that there was sl,500000000 OF
money actually provided for the circulation Of
the country. there should be deducted from
that sun, IN average OF a2O0.000.000 always
kept on hand in the Treasury. That left q
maximum sum OF $1,000. 100000 that could by
any possibility be reached for use Taking |
from that the s7UO.O0O.oOO required to be held |
in national banks aad that was kent for reserve |
purposes, the total amoua. OF money which the |
people OF the United States had got for the |
exceed tB00.00O.OOO. lie believed that 1t was
less than $5OQOd00OO And upon TINT narrow
etructure OF credit. propped up here and
there by devices OF VARIOUS niq n kinds and kept kept
structure. The Senator from Ohio Mr. Sher-
mani said. IN brief speech made some, time
BURT OF candcr which did not characterize his
eneech Of Yesterday; that gold and silver were
such they had been from tho beginning OF
time. "Mnat god hah !oned together let no
money Wy ~ S"e the esifpssion alto " Of the iimiES
MI. Plumb went on to speak. OF the Silver
bill In connection with the question OF protec-
the ro WAS sew oTf Mr.
against the bin in the snGred name OF hrotec-
ton ad He would not call t i etSh itch HthhoGgh hog
he got through but in its name the Senate
was asked TO keen silver dethroned Silver
uct than many oihers which were to be pro- /
Iected by duties Of 200 or 800 pei, cont. under
The Senator from New York, who was so anx- !
20 o SFff M he r ST. whsh wH We Mod
)FoyAnt Initel Statea from hp Wing |
interpret the Senators remarks on that point c
or ip putting IFS knife into the bin now before O
he Finance Committse. bin which would 1
al Sise the price M . OF neMry everything used by Il
Mr., Hiscock rep. n. ~ explained that tho
sere @ dminished it did not S follow low as mater mat1es
that ,b the tas 5ass w9gd
nd could comnete with other producers. the Il
a.ions w2nld buy it asI nd lust to the extent
roducts in exchange, for what it exported.
,,oqld the balances Of trade in favor of the
The BIZ was Y; then laid aside. and the Senate
es!erday at the time OF adjournment to
uthorize Mericopa. county. Arizona to issue a
o1nds In aid Of railroad construction. The H
Ill was pasled-yeaS, 36 nays. IL. 1t is O | =.
ouse bill and was passed without amend o.
The message from the President In relation m
the landing Of an armed force II ON the -,
venue Gutter McLane at Cedar Keys. Fla. ul
as presented, read. and roferred to the Judi W
ary Committee. la
Mr.. Dawes from the Committee on Indian -.
fairs reported resolution, which was agreed et o
calling on the Secretary OF the Interior for W
'pies Of communications and correspondenco A
J the subject of intruders on the Indian Ter Ia
tory. and for report as to what stops have 10
zen taken to fulfil treaty obligations with the tt
hoctaw and Chiokasaw nations in regard to th
'evOntinR such intrusion. :.
After, an executive session the Senate adj tWe W
urned until tomorrow. st
CT
House OF Representatives. W