The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-12-24
IN THE SENATE.
Tho Financial scheme Presented-Mor
Talk on the Force Bill.


WASHINGTON, Dec. I.-Cnairman Aid
rich, of the committee on rules, this morn
ing instructed the report OF the cloture
rule 10 the senate.
The elections bill was taken up and Cal
spoke four hours in opposition 10 IL. Nc
Pherson then took the floor. After be
had spoken few moments, Aldrich
asked him to yield the floor and then gave
notice of an intention 10 move an amend
ment 10 the rules providing, during pres
ent session, for the closing OF debate on
any bill under consideration. The pro-
posed amendment having been read,
Aldrich asked that il be printed and laid
over.
Gray was Of the opinion that II should
GO to the committee on rules and after
some discussion he entered n motion 10
that effect, but did not press II. The res
olution was laid on the table and Nc
Pherson resumed his speech
The senate finance committee has re-
ported the financial bill, with an amend
ment striking out the provision for the
replacement Of the deficiency in national
bank note circulation by the issue of treas
ury notes, and inserting a provision for
the replacement of the deficiency in ma
tional bank note circulation by
the issue of S300,0OO,0D in 2 per
cent. bonds, redeemable at pleasure
| after 10 years. The measure was amended
in two important particulars at this morn
ing's meeting. The first was the exclusion
of section four of the bill providing that
when national bank circulation falls be-
low Sl90.O00,0O0 the deficiency shall be
supplied by the issue OF treasury notes
based OH silver bullion purchases il silver
can be purchased, or il not, by the direct
issue of notes.
The second amendment was the inser-
ton IN the last Of the section stricken out
of the following: THAT the secretary OF
the treasury is hereby authorized TO issue
in sum or sums not exceeding in the az
gregate S20,0O0000. coupon and registered
bonds of the United States in such form
as he may prescribe, and Of the denomi'
nations of $50 or some multiple of that
sum, redeemable in lawful money at the
pleasure Of the United States on and after
July 1, 1900, and bearing interest semi
annually at the rate Of per cent. per
an mum, and he is authorized 10 sell OF
dispose OF any bonds issued under this
act at not less than par value for any law
full money of the United States or for gold
or silver certificates aud 10 apply the pro-
ceeds thereof to the redemption OF any
bonds Of the United States, and the bonds
hereby authorized and the proceeds
thereof shall be used for no other purpose
whatever, and a sum necessary TO pay the
expense of issuing and disposing OF said
bonds is hereby appropriated out OF any
sums of money in the treasury not other
wise appropriated.
No votes were cast in the committee
against reporting the amended bill to the
senate, but no one was bound to support
the measure. The democratic members
of the committee in the house report as
they did in case Of the original bill resery
ing a right 10 oppose it.
Stewart to-day gave notice in the senate
that when the senate financial bill was
called up for consideration he would
amend the amendment of the report oI
the committee ON finance by striking out
the first, fourth and fifth sections OF the
bill and inserting the following:
That any owner OF silver bullion not too has,
for the operations OF the mint may deposit th,
same in any amount OF value not less than SlI'
at any mint 10 the United states 10 he formed
into standard silver dollars or bars for his bcne
lit and without charge, and that at said owner
option he may receive instead the equyalcn
therefor In treasury notes.
Senator Reagan re-introduced his fre,
coinage amendment TO the Sherman
finance bill with the intention of applying
il to the caucus bill reported this morning
The senate soon went into executive
session and then adjourned.