The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-06-06
YESTERDAY IN CONGRESS.

at once to the consideration of the silver
bill and that consideration continue until
Saturday, when the previous question shall
be ordered, previous question having been
ordered on the resolution, forty minutes
debate to be allowed. The motion to
reconsider was tabled by 12i yeas to 11S
nays. Blount, of Georgia, had not objected
to the time limited for the debate, but he
was informed that the chairman of the
committee on coinage will be allowed to
offer amendments which were admissible
under the rules of the house. When these
were offered there would be left no oppor-
tunity to the minority to offer any amend
ment. There would be gwen no opportun-
ity on the part of the minority to ask the
house to vote on the free coinage of silver.
Az the republican caucus last night
there had been much discussion and it vas
necessary to whip in the friends of free
silver. By means of this resolution It has
worked shameful outrage ON the mi-
norlty. There were many men ON the other
side who would vote for free silver. but
Tor fear the president was in accord with
we're in accord with Wall street. Bland,
OF Missouri, said no doubt but large
majority of the house favor unlimited
coinage. To prevent that fact from ap-
pearlng on the record it was proposed to gag
every democrat in the house and many
republicans. Every gentleman who voted
Cannon, Of Illinois, said the resolution
was simply proposition that under the
rules of the house, the house should pro-
ceed at once to consider bill of great in
terest to the country. The minority could
offer every amendment to the bill they could
under the general rules. The minority.
which was not clamoring for free coinage
had held the house in the 49th and 5Oth
congresses, but passed no bill for free coin
age. They could not now fool the country
or even fool themselves.
Springer, Of Illinois. said, the democratic
house passed a free coinage BILL the senate
cept the limitation. It had been vetoed by
Hayes and passed over his veto. He
wanted to call the attention of the house to
the fact that no amendment was to be
offered to the bill except as suggested by
tne chairman of the committee. He
denounced the action as one to
prevent the representatives Of the people
from carrying out their will. Mckinley
said the resolution was intended to give the
house an opportunity to pass some silver
legislation and give the country silver
bill which would be in perfect response to
the general sentiment of the country; il
bill which would take all the silver bull
ion OF the United States and utilize it for
monetary purposes; it was to give the peo-
pie not $2,OOO,OO0 month but 81, 500, 200.
II the gentlemen on the other side wanted
to vote on free silver they could move to
recommit with instructions to the commit
tee to report back free coinage clause,
The resolution was adopted, yeas 12O, nays
~. The republicans who voted in the neg
ative were Anderson, of Kansas, Bartine.
Connell, Dehaven, Featherstone, Funston,
Morrow, Hermann, Townsend, of Colorado.
The bill having. been read. Conger
is substantially as follows: The secretary
Of the treasury shall be directed to pur-
chase from time to time silvar bullion to
the amount of 81, ,500, GOO worth of fine sill
yer each month at market price not ex-
ceeding 81 for 377.25 grains of pure silver,
prepared by the secretary of the treasury.
Section provides that these treasury notes
shall be redeemable on demand in coin,
and when SO redeemed may be reissued,
of out snnS no ng.aa greater ,E Or less amount
silver bullion then held in the treasury.
purchased by such notes. Such treasury
notes shall be legal tender in payment Of
all debts, public and private, except where
otherwise expressly stipulated in contract.
and shall be receivable for CUSTOMS taxes
and all public dues, and when SO received
may be reissued. Such notes held by any
banking association may be
counted as part of its lawful reserve. Upon
demand of any holder of such notes the sec
retary OF the treasury may, at his discretion,
exchan6e for them an amount of silver bull
lion equal in value at the market price
thereof on the day of exchange, to the
provides that the secretary of the treasury
shall coin such portion of the bullion pur-
chased as may be Necessary to provide for
the redemption of the treasury notes pro-
vided for. Section provides that the act
shall take effect thirty days after passage.
And the purchase of silver bullion shall
be suspended while it is being so deposited |
for coinage
Without action the house adjourned.
The silver bill was taken up in the senate. |
Hiscock addressed the senate on the propo-
sition of free coinage. He believed the ma
!ority of the people were opposed to open
a. conventions of both parties would by de-
cisive majorities repudiate such a PROPOSE
tlon. Sherman addressed the senate. He
had. he said. consented to the increase of |
circulation proposed in the bill of $54 ,OOO,-
700 year. He believed treasury notes
substitute for paper mnney as could be
He did not fear to give to those
treasury notes every sanction and value |
that the United States could confer. He |
did not object to their being made legal
lender for all debts, public and private.
That was far preferable to the free COIN
age of silver, because with all the efforts |
made to get silver dollars into circulation |
there was not one of them in circulation for |
svery lnhabitant. He said the result of free
coinage would be to demoralize gold and
cause gold to be boarded or exported. The
Tree coinage of silver would be reversal of
he established policy of the government,
rom the beginning. 1t would limit coin
lge to a single metal, and that silver. As
ure as fate silver would, with free coinage.
'e the only standard of money in the Uni
ed States. A pound sterling would be
worth So instead of S4.S2, and an American
lollar would be. as in colonial times, worth
English shillings, or francs. Sherman
aid he wonld vote for any measure that
Vould, in his judgment, secure and main
ain bi-metallic standard-one that would
lot demonetize gold nor cause it to be
oarded or exported, but that would estab-
lsh both gold and silver as a common
at fixed ratio, not only in the
United States but in all the nations of the
1orld. The bill was laid aside without ac-
ion.
Clarkson ON His Trip.
DENVER, June 5.-Assistant Postmaster
ieneral Clarkson, wife and party of friends
rived heresthis morning from Des Moines
4 a aY,oCi01 Nn fkoO hoA % <ha I-;o |