New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-06-10
WHEN WILL THE DEBATE END
THE SENATE WILL PROBABLY VOTE ON THE
SILVER BILL ON FRIDAY.
SENATOR PLATT PROTESTS AGAINST THE !"
DIFFERENCE OF HIS coLLEAGUEs-LlTILE
cHANciE FOR FREE coINAGE-MR.
COCKRELL sPEAKs.'
,sy TELEGRAPH TO THE TRIBUNE

waehirc.or rnne o-Thc senate entered to-day
upon what promises 10 be inc l"sU "eoh "a w
already wearlsoInely protracted dcbae OIL inc s''0
question. As usual after long set speech had
hecn delivered the stock Of oratory ran out ana 10
avoid the necessity of vote upon the peil"'"s
measure one of the meat product bills repor'e" ny
Mr. Vest was taken up TO fill IN inc gap "'''i'
adjournment. So plain an exhibition OF muHie'o''0
sc N the progress of the Silver bill brought OUT
protest however from Senator Platt OF connecticut
Who limited that the senate's way OF conouc'"s
business was a standing argument OF the strohsesu
kind for the incorporation Of the previous question
among the rules of that highly deliberate BODY MI
stewart thcrcupon grew indignant, ana 10 mee' ""
criticism that the " friends Of silver were spnhns
out their fay orte theories 10 an m'oleraoe iehs'h
declared that he and those who sympa'hiIcd WIN
him were willing to vote at once on the qneS'io'''
FINALLY he gave notice that during the morning houf
Tomorrow he would ask for unanimous consent to in
9 O'Clock on next Friday afternoon ms the hour ior
taking the vote IT is to be hoped that no senator
on either side can find excuse for delaying beyond
that point decision on the bill now before the
senate. A.,
The Honsc Silver bill was reported today to the
Senate and was laid upon tie table whence II may
he called I'D at any time ana suDsttutVu ioi Wv
Jones bill or any other Of the propositions no" Pc"'
ing The Republican Senators have not YET aSioeu
upon plan Of action on the silver question anu Il
IS difficult to say in just what form silver pia
will get through the senate. Probably the hardest
fight will be made the bullion redemption Clause
in the House bill, and the notes NAV finally DC h'"
redeemable exclusively in lawful money iiN ~
radical Republicans from the mlhihs ''"'09 W.
apparently willing to Join with the Democld'S III q"
effort 10 authorize the free coinage OF silver. bu' '"e
drift of sentiment in the last week or ten ua' '
been so decidedly against free coinage that such al
attempt offers little encouragement even TO inc Hos'
sanCuine OF the silver men. BESIDES 1roh' Pi"'
teal point of view free coinage mas peen maui W
the action of the House on saturday hnpoSsioe
during this session Of Congress.
The only speaker today on the dueS"ohs d' i'su0
in the pending bills senator CocMe OF missouri
He read from manuscript. in his usual melancholy
and detected tone, tlreehcur discourse on ue
relative values of gold ard silver as money anu
deolar in the end for the frecst ana most ",''
limited use Of silver. whether it was produced IN
rarr in the United States. or came every ounce Oh
it, from foreign countries. MI CocKeH II Hoo
coinage man from start TO finish
Mr. Cochrall said that if the bill became law the
further conace Of silver bullion into standard dolias
would rest wholly in the mere discretion OF 'ne
Secretary Of the Treasury he could c3n III c Or ne"
for the proposed bill was that the secretary would o.
compelled 70 purchase $500 900 worth OF sllVcr eVc
noah moro than he row had the right 10 purchase
and that The currency would be increased 10 tha' eN
tent lie denied tltat free and unlimited colnass
tullion would be in dcrOgatlon OF any obhetlMi 10
the creditors Of the nation lie was opposed 70 I'll ~
should be put on perfect equality a. coin ana Dul0
IRE silver bill which passed the House on Salur.aS
will cause an expansion Of the silver currency IN VI
form Of silver certificates 70 two and quarter ttme7
it, present value. The law. A. II now stands com
pnls the coinage o. S2OO0o00 per month ana permit,
The coinage Of 81 900 900 The minimum amount ia9
net been exceeded since tho law went INTO force ~
prov sion is made Cor the purchase OF tulLon' cAccP
10 be coined The bill. a. passed by thn HouS9 prp
vldcs that Sf5G000O worth OF silver bullloh mus o.
purchased every month, against when ccfuncdU.>
Shall he issued vedecmablc ~ coin, the ccIhcateS 10
have full legal tender Qualitcs-cac ccTtlncdlc ocls
as GOOD As gold dollar. This puts r..JoOeo0 more
money in circulation each month than now Is issucH
The certificates, rcdcemable in coin, viii compel inc
coinage Of a considerable amount of TIE bnuol
purchased bat there Is no compnslon 70 com an a2c
provision is made in the bill for redemption IN
tul;icn upon demand Of The holder. at Inc diScruon
~ the Secretary. This extended recognition by INC
government Of silver money metal Is expected -
advance Is market value. and provision i mar
that when that value shall he ~ for Bal il grams
there shall be free coinage of silver as there no" Is
of gold. ,
Washington June 0.-Mr. McEac, OF ArRansas
to-day introduced in the House bill on the subject
of silver coinage. il provides for the free coinage
OF silver for Increase 81 TINTED state ITe;.snfN,
notc each wear ~ make the total issue thereof equal
in amount 10 the revenues OF the Government foT
tha, year for the issue Of Treasury 10 replace
National bank notes surrendered. for the repeal Of
the laws authorizing the sale Of United states bonds
and for the accumulation Of the gold reserve of 800
100000 and, finally. for the covering Of that re
serve into the Treasury as an available asset.