, 1890-12-25
TUESDAY,.
An Important Ch ange In the Finsnoia,
Blll.


WAsnrYaros, Dec. %. Nothing OF
consequence was done in the senate un-
I'll Mr.. Morgan's resolution OF yesterday,
instructing tho committee on privileges
and elections to report an amendment to
the elections bill, was reached.
The resolution calls for an amendment
TO the elections bill to show what
changes and notifications are intended
TO be made.
Mr.. Morgan had not finished his argu-
ment when tho morning hour expired.
Thesenate finance committee reported the
financia, bill, with an amendment strik-
ing out the provision for the replace
ment of the deficiency in the national
bank note circulation by the issue OF
treasury notes, and inserting a provision
for the issue of SO, 900 900 in 2 per cent.
bonds, redeemablo at pleasure after ten
years.
The measure was amended In two i'm
portant particulars at this morning s
meeting. The first was the exclusion of
section 4 of the bill providing that
when the national bank circulation falls
below $780, 600, 600 the deficiency shall be
supplied by the issue OF treasury notes
based on silver bullion purchases, If sill
YER can be purchased, or ifnot by direct
specie notes.
The second amendment was the in
sertion in place of the section stricken
out the following: The secretary of
the treasury is hereby authorized to
issue In sum or sums not exceeding an
aggregate of 500. 900, 900. coupon and
registered bonds of the United States OF
such form as he may prescribe, and of
denominations Of $50, or some multiple
OF that sum, redeemable In lawful money
at the pleasure of the United States on
and after July l, 1870, and bearing in
terest semi-annually at the rate of per
cent. per annum. and he is authorized
to sell and dispose of any bonds Issued
under this act, at not less than par value,
for any lawful money of the United
States or for gold or silver certificates
and to apply the proceeds thereof to the
redemp ption of or to the purchase of any
bonds of the United States; and the
bonds hereby authorized and the pro-
ceeds thereof shall be used for no other
purpose whatever.
No votes were cast in committee
against reporting the amended bill TO
the senate. 1t is understood that no
one was bound to support the measure.
Senator Aldrich presented the cloture
resolution this afternoon, and at his re-
quest IL was laid on the table to be called
up after due notice to the senate.
Senator Reagan to-day reintroduced
his free coinage amendment to the Sher-
man finan ncial bill with the intention of
applying IL to the caucus bill reported
this morning.
Mr. Stewart gave notice in the senate
to-day, when the senate financial bill
was called up for consideration, that lie
would move to amend the amendment to
the report by the committee on finance
by striking out the first, fourth and fiflh
sections OF the BILL and insert the fol-
lowing:
That any owner of silver bullion, not
too base, may deposit the same in an
amount of the value of not less than
800 at any mint of the United States. to
be formed into a standard dollar or bars
for his benefit and without charge and
that at said owners option he may re-
ceive instead the equivalent therefore in
treasury notes"
The president sent n message to the
senate. urging congress at once by joint
resolution, or otherwise, to con tinuc the
until after the adjournment of the terri.
torial legislature.
Tho elections bill was taken up, and
Mr. Call spoke tour hours in opposition
to IL.
Mr.. Mcpherson then took the floor.
After he had spoken few moments Mr..
Aldrich asked him to yield the floor,
and then gave notice of hrs in tention to
move an amendment to the rules pro-
viding, during the present session, for
the closing OF debate on any bill under
consideration.
The proposed amendment having been
read, Mr. Aidrich asked that IL be print
ed and laid over.
Mr.. Gray was of the opinion il should
90 to the committee on rules, and after
some discussion entered a motion to
that effect, but did not press 1t. The
resolution was laid on the table, ana
Mr.. Mcpherson resumed his speech.
The senate soon went into executive ses-
sion and then adjourned