Morning journal and courier., 1890-09-20


Mr. Blair introduced, on behalf of the
w. C. T. u, bill to prohibit the manu-
facture or sale of spirituous liquors in the
territories Referred
Mr. Plumb's resolution to recommit the
bankruptcy bill to the judiciary committee
with instructions to amend it by making it
apply to volunteer bankruptcy only was
taken up.
After discussion Mr. Plumb's resolution
was placed on the calendar without action,
Mr.. Hoar stating that he would not ask
its consideration at this session or at any
time when the senate was not thought TO
be full enough to enable both its friends
and opponents to have II fully cousid-
cred
Mr. Voorhees, introduced joint resolu-
ton for an immediate increase of silver
money by the purchase and coinage of ten
| million ounces of silver at price below
| 81. 1920 within the next thirty days; this
purchase to be in addition to the amount
required by existing law. Referred to the
| finance committee.
| The senate, on motion of Mr.. Hawley,
| proceeded to the consideration of executive
| business.
| The doors were reopened ut 1920 and
the senate proceeded to the consideration
flor one hour of unobjected bills on the
calendar
The following, among others, were
passed: House bill to discontinue the coin
age of the 50 and 81 gold pieces and the
cent nickel piece; house bill to amend sec
ton 3,510 of the revised statutes and to
provide for designs of authorized devices
of United States coinage; house bill to re-
duce the amount of United States bonds to
be required of national banks and to re-
store to the channels of trade the excessive
accumulation of lawful money of the treas
ury. Mr.. Sherman spoke of the impor
lance of the bill and said that he had re
ceived numerous letters and kilograms
from business men in all parts of the
United States urging its passage. He hat
! been criticised by the newspapers for no
pressing it on the attention of the senate
, but he had not been able to d.
, 80 on account of the tariff bill an'
J on account of the order of bushes
{ agreed upon. He sent to the clerk
| desk and had read an article from
{ yesterdays New York Sun intimating tina
the bill had been smothered in the com
1 | mittee on finance, and said that it had no
a been smothered but had been reporte
+ back from there probably over two month
ago, and had since been on the calendar
g He believed that its passage would ten
/ very much to quiet even the present agitt
Q ton in the money market. The secon
Q section would allow an increase of nation,
It bank notes to the amount of eleven {
twelve millions by authorizing circulatio
=, to the full face value instead of 80 pe
% cent. of the bonds deposited to secure eli
# culation. He could not tell, however, VIII,
10 the effect of the first section would b.
n which reduces the compulsory requir
ment of bond deposits Tin order to hay
N the right to carry on business) to 81 ,OO
+. because if the bonds to be witt
If drawn were sold the whole woul
IN tend to reduce circulation. But
m the banks had now the right to T
j. tire circulation and sell their bon,
As it seemed to him that the process had be-
going on, and that the passage of the b
lie would tend to check it, and would indu
er the national banks to issue circulation
Ie the full amount of their bonds deposite
d. AS matter of course the national ban
would have to go out of existence VIII
the four per cent. bonds were paid, unls
=, some other method should be devised U
ID doubtedly the effect of the bill would
er- not only to prolong, but to encourage
y. national bank system. He did not wal
*. however, to press the bill unduly. 1t "
ms not bill which could be considered unt
the five minute rule.
i, After some further interchange of vie
8, the bill went over till tomorrow, reta
oie ing it's place upon the calendar.
an The house bill to define and regulate
lite jurisdiction of the courts of the Uni
On States with the amendment reported FIR
me the judiciary committee in the nature o
ZEN substitute was, on motion of Mr.. Eva
ers taken up as the unfinished business.
The provisions of the bill and of the 8