Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-06-17
IN THE SENATE.
The House Silver Bill PaTes the
Way for Another Dis
cusSion.
STRIKE OF cLoaKMsKERs IN
NEW YoRh.
The Burlington Flyer" Wrecked.
-SWiichmen Turn On; at
Cleveland, Ohio.
By Telegraph TO the NEws.l
THE TWO CHAMBERS
The House Silver Bill In the Sen
rate.-auofhe- Discussion.

/ |nNe.-AuOAheE bANfhNNAoh-
WASHINGTON, June l6.-Tne
/ House amendments TO the bill 10
establish the customs collection
district Of Puget Sound were nom
concurred in and a conference
asked.
\ message frem the House, ask
ing a further conference on the
antitrust bill, was presented aud
the request assented TO. after re-
marks 10y Edmunds and Vest.
The deficiency appropriation bill
for pensions and the census was
reported and passed.
Dawes introduced bill 10 retire |
General Banks rs major Of the
United States army Reierreu 10 |
the committee on military affairs.
The House silver bill was taken |
up and Daniel resumed the speech |
began Friday. In concluding his /
speech Daniel said that the world |
moved; and that this was land OF
progress had never been better DEM |
onstrated than by the fact that the 1
great leader OF the republican tinan-
cial policy in the United States |
'alluding TO Senator Shermanl, who |
had carried the single gold standard /
over two continents, lad come for !
ward in his speech and laid down at !
the feet Of double standard and pro- !
claimed he was at least an advocate /
Of silver money.
Allison next addressed the Senate. |
He said that he would vote for the 1
House bill, as amended by the SEN
ate finance committee. rs he con-
Sidered IL the wist 4 and best sOlu-
ton Of the question. The question /
10 be considered WAS what currency /
would be safely substituted for the
national bank circulation. The
judgment Of the finance committee
was, and he thought II would he the
judgment OF the Senate, that il the
government issued paper money, It
should issue it on something that
was in and Of Itself convertible into
LTGAL TESDER Mu.EN.
Therefore. the bill proceeded on tine
idea that whatever paper money
should be issued, should be issued
on silver bullion purchased by the
government at the market price.
Why, he asked. had silver bullion
been selected a. basis for that new
paper money? IL was because the
public mind rested in the belief that
sOOne; or later silver bullion would /
he coined aud become a part Of the
metallic currency. IL was on that /
basis that lac would vote for the hill. /
IL was on that basis that he was
willing that the coinage OF silver 1
dollars, as now provided for, should
cease. There were people who be-
lie~sSl that coined dollars in the |
Treasury were useless, anu that ii /
would be n wise public policy 30 /
cease that coinage. He, for one, did
not share in that belief, he believed |
that il was just As well 10 continue /
them 70 tine utmost limit OF four
millions a month. but there was a
large public opinion against that /
view, and therefore he consented /
that the bullion should be left IN the
Treasury uucOined. He did that
more readily for the reason that ne
believed, SCORER or later, the United
states would have 10 change the
number Of grains Ofthe silver dollar.
and therefore the dollars now coined
would be recOiued. He was there
fore willing that the bullion should
lie In the Treasury until il was
known whether there would be an
international agreement p to the
ratio. II was true that
g-rrr- t,t-.-T,r,-S. mn
provided that the bullion in the
Treasury should he coined for re-
Gemp,iOn Of Treasury notes. What
ever might he the opinion Of other
senators in that respect, he did not
labor under the delusiCn that in
the near future. underline provisions
Of the House Till % the Senate bill. |
any additional silver dollars would
be issued. There We're now more
than SJl, uDu.UlU coined dollars in
the Treasury, against which silver
certificates were issued; so. although !
those dollars belonged TO the holders
Of the certificates, the certificates
were payable for public dues, and
when they We're received into the Z
Treasury they belonged to the gov
eminent OF the United States. so
the government would always have
a working balance sufficient to re-
deem those Treasury notes. He be-
lieved the only safe way to rehabil-
itate silver was 10 secure a concur
rent agreement among the nations
whereby they would open their
minis concurTently 70 the free coin
age Of silver at an agreed ratio;
50 believing he was willing to 20
on as they were going on now item
tatively,as il were ], with a provision
for the use Of silver, pending neEUtia-
tons that Ought 10 be had for the
restoration Of silver on some agreed
rate by the nations Of the world.
In supporting the bill he SUPPORTED
il on the basis Of the idea that the
Of the United States
would use its power in endeavor-
ing 10 secure an agreement where
by all the commercial nations Of the
world would use silver as gold is
now used, at ratio 10 be agreed ,
lpun. He regarded the pending
measure and the unauimity with
which it was supported as a COM
Dlete justification OF the legislation
If ISIS, which contemplated min !
mum monthly coinage OF two mil ]
iDnG silver fI.IIary avT a -. I