Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-05-16
SILVER AND TARIFF.
ANOTHER DAY OF TALK.
The House LabOring With the Tariff;
the Senate With the Silver Bill.
LIVELY DEBATE in THE HOUSE.
SENATE.

p Ilnrr -
bers and - =. .oa; ,A. - r.
snr;rntia,s ,I' " io'eieu "s soouS AZ
a. - ""..' "s"ins' eef tam iea'uies Vi
o 'hohihiey ohi-the provision as TO goods
iii'ue "nouy or IN part OF wool and the increase
OF duties on silk manufactures.
-,. -, -
NJ Ea,,,,,a. -, - -
'ori '"e I"uioiar! coiilii'ee'
'eu PACK the House amendment TO the
antitrust bill, with amendment thereto
striking ont certain words and insertin, tho
words $50 that the rates of surb tronsnortot;nn
may not be raised above what is inst and rea-
sonable,r The amendment WINS ,gread 70 and
then A conference WAS ordered Nessrs Fd-
munds Hoar and Vest were appointed conferaes
on the part of the Senate
The bill to permitthe manufacture and nrin.
ing of securities for foreign Governments was
reported back adversely from the committee
on foreign relations and was indefinitely most.
poned
Senate Joint resolution for an inpad;o. 10
survey and estimate of improvements of the
st. Johns river, Florida was reported from
the committee on commerce and was on mo-
ton of Mr. Call (and after an exclamation Az IN
the Importance of the survey in connection
with phosphate deposits) considered and
passed.
MIR. sYEpN,N's ,vrxn,,vxr -, mn, GO, ,,,.,,
Tbo s;I,o. III, -, 80 'i' Dii1A-
,-, 81 ' ""' .,ien l"' Low 'aheh up
amendment heretofore offered bv him las to
covering into the T-easury the funds nov bala
for the redemntion of no+;onoI Ill ro.nN
stating that the snhst;tmte ms 80 t,1 e",or
effect but in better form HAVING basn nrn-
pared IN tbe Traa.rr, n..s. o.on pr,
amendment reads as foIIovs.
Section g. That upon the passage of this act
the balances standing with the treasurer of the
',a.io, u.eu States 10 the respective credits of
deposits thereafter received for lie nurnosa
shall be covered into the Treasury ns nisceI'
laneous recent. and the treasurer of ,ba I,n;,od
States shall redeem from the general cash in
the Treasury the circulating notes of said banks
s.n,., un may conie ln!o ms possession. subject
known as ..pati inp'aI n., neieos cIealeo 10 pe
count" but the proyisions of tbis pct nhaI,
not apply to the denosits raceivoJ md. 80
ton s of the act of lime % 1874 ro-
quiring every national bank To keen in
lawful money with the treasurer of ,ba
redemption. and upon the car,;scata of ,ho
controller of the currency that snch not.S -
been received bv him ond th., ,ho- L - -
DESTROYED and that No naI, -, In i ;o',I
in their place, reimbursement -, ,hn;-
amount shall be made to the traasnrer
under such regulations as the Secre-
tary OF the Treasury may prescribe,
. pa per cen,u'l OF its circulation to be held and
and the baIanno r,a.I ~ as lio'es'
covered shall. at the close of each month he rn,
ported on the monthly public debt statement
as DEBT of the United States hearing mo in
teres,.
MR.. PLUMB's .MESnNrSr
TO Mr. Sberman,s amendment ,va, ,bo os ..
-. ' ai''e was 'Nen reau' W
''e. .ho ioiio"inS'
And hereafter no funds available for the
ray Of tla ,N,,ll ILL
are kent for the redemptiop of ,reoourr no,as,
shall be retained in the Trrasnrv 70 ths 80,
of SIlO 600 600 -
Mn syrny.x o,no.r
NJ uho.,,o,, -. ,, -,
mon 'pPo"e' MI iluuio amend
mcnt as putting restraint upon the Treasury
Department and preventing il from having
government ALLEGATIONS .s tbor bo,a,,, L.
As a hundred million had 10 he reservod for
the redemption of Trcasmrv notas !, ,ranTi
leave ONLY ten miII;on for orrro,,t
business The Interest," an ,I"a ,,ti;, doT, en' m
onirod tbs ,nartarI,, ,. @ 90 - y a., 90 &c
and that amount had 10 he ON hond ~ Vr".
utterly impossible 10 have tha hande 20 ,h''
Secretary of the Treasury tiad nm in
such a manner No bank wouid be allowed to
DO business that did not have reserve OF from
~ 10 ~ per cent 70 meet current liabilities.
DIR. PLUMB REPLIES
MI. flumD defended anu advocated the
amendment offered by him. He argued that
the Treasury Department sbouId baro ,o,h;.
vba,ovor 10 10 ,,;,b .,o o,,.uo,,. -
conntrr tn saora.ar,. soa.,.'S .Ppit VI .he
Solf ,bo Lavstonn I'm ~ -; 'liiih hihis
,bn 6mano;oI ;nS,;t,,; o pm, OF
trT amd that ha "a '.e couu-
~, u i ma nc hau 10 take
mooS ;o "iuar IN Nh Vnr, vde oaITnetrc eondiion OF
.o r1 80 " "-u0u 'i'' 'he sec
ei "ou.u 1i.s ON into account tne paromet-
Tha Lnia; ~. -' P.''.s 40 'hai NC" iork.
aa,'. so- .i "a anHe' "a % uie ueasurE Tex
;t.ppi,, iuL - 'hI a %e ne government
81 -, "H,. - nau 'iia' 'iiiie III CIR
sud on'na,,aa 49, eta. lin. nc reau
hx ,t,o Sonro,,r "po "a, ''atelhen1 T mace
e , ehe treasury iast
iioian h;o Al aepi. ~. uesraphic inquiry OF
s,a,auar, -; m r,io, ~ -, ,, Mnevher W rhe
It . AZ an "i . i .ne Ne" lork IRE
;''t.o mas H., az ". contained tne
,imrni ot ma INC hau stopped the
~. ~, 'L .m"eJ ol Pc oo',us anu hau peSun
NJ rna,.,n -, -. - -,
advantage of that '"pp'seu
Mr. Plumb replied that the Senator wouId
have to answer that question himself. He
couid not conceive any reason for 1t.
COMBINATIONS TO PUT UP THE PRICE OF BONDS
Mr.. Morrill, explained that if the per cen.
bonds had been offered ar n roooon,tP,a -