The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-12-24
CONGRESS.
THE SENATE.
An Amended Financial Eill Pro, iding for tn,
Issuing of Two Per Cent Boni,.

An Amended Finaaoial Eli Prov iding for the
Issuing of Two Per Cent Bonds.
WASHINGTON, Dec. 23.-Nothing OF con-
sequence was done in the Senate this MORN
ing until Morgan's resolution of yesterday
instructing the Committee on Privileges and
Elections to report the amendments to the
Elections Bill, to show what changes and
notifications were intended to be made.
was taken up. Mr. Morgan had not finished
his argument when the morning hour ex-
pired.
Chairman Aldrich of the Committee on
Rules was instructed to report cloture rule
to the Senate.
The Finance Committee reported finan-
cial bill, with an amendment striking out
the provision for the replacement of the de-
fceucy in the national bank-note circula-
tion by the issue of Treasury notes and in
sertlng provision for the issue of 500, O0O,-
OOO per cent bonds, redeemable at pleasure
after ten years.
The measure was amended In two i'm
portant particulars. The first was the ex-
clusiOn of Section of the bill providing
that when the national bank circulation
falls below S170,O00,000, the deficiency shall
be supplied by the issue of Treasury notes
based on silver bullion purchases, if the
silver can be purchased. or If not, by the
uieoV ISSUE VI HoteS. Inc second amend
ment was the insertion-in place of the sec
ton stricken out-of the folio wing: That the
Secretary of the Treasury is hereby author
lzed TO issue IN sum or sums not exceeding
the. aggregate of S200, Geo. .0oO, coupons and
registered bonds of the United States, in
denomination OF $50, or some multiple OF
that sum. iedeemable in lawful money at
the pleasure of the United States on and
alter July !, 1891, and bearing interest semi
annually at the. rate of per cent per an
mum. And he is authorized to sell or dis
pose 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 certlhcates, and to apply the proceeds
thereof to the redemption or to the purchase
OF any bonds of the United States, and the
bonds hereby authorized and the proceeds
thereof shall ba used for no other purpose
whatever. And the sum necessary to pay
the expenses Of Issuing and dispOsing of
SAID bonds is hereby appropriated out of
any sums of money in the Treasury not
otherwise appropriated.
NO votes were cast in committee against
reporting the amended bill to the Senate,
and it Is understood that no one was bound
to support the measure. The Democratic
members OF the committee agreed to the re-
port, as they did in the case Of the original
bill, reserying the right of opposition.
Stewart gave notice that when the bill is
called up Tor consideration he would move
to amend the Amendments to the report of
the committee by striking out the first,
fourth and fifth sections of the bill and in
sert the following: That any owner of Sill
yer bullion not too base for operation at the
Mint may deposit the same, In amount and
value of not less than 500, at any mint in
the United States, to be formed into stand
ard dollars or bars for his benefit and with
out charge. and that at said owners option
he may receive instead an equivalent there
for in Treasury notes,
The caucus bill was read twice and placed
on the calendar.
Reagan reintroduced his free-coinase
amendment to the bill with the intention of
applying it to the caucus bill reported
earlier.
The President sent message to the Sem
ate urging that Congress at once, by joint
resolution or otherwise, continue the laws
of Nebraska in force in Oklahama until
after the adjournment of the Territorial
Legislature.
The Elections Bill was taken up and Call
spoke for four hours in opposition to it,
Mcpherson then took the floor. After he
mad spoken few moments Aldrich asked
him to yield the floor and then gave notice
OF his intention to move an amendment to
the rules providing. during the present
session, for the closing of debate on any bill
under consideration. The proposed amend
ment having been -ead Aldrich asked that
opinion that 1t should 60 to the Committee
ON Rules and after some discussion lie
entered a motion to that effect, but did not
press it.
The resolution was laid on the table and
MCPHERSON resumed his speech.
The Senate soon went into executive
session and then adjourned