New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-15

mont he prop,siton presented by llr. stewart on
lat Monday providing for the imposition OF coinage
~. ,".eI Nr Alarlch whether he would
vote for the amendment which he' Hr AldHch' hah
Nr, .ldrch declined TO answer tha; question
~ Inc D' law ae # cHitcd from - to i73 Pho
e,icft Of lie amendment 10 restore The law 10
dcniicqlIy from 1-53 t. 1873. He wanted 10 test
the question Whether TIE other side would lie salts
fed with that lie criticised the prppn- ton offered by
Mr.. German a uondc,crpt affair
BREEZY WESTERN VIEWS.
Mr. Plumb advocated the free coinage Of silver, AMI
said that ne would favor Mr. AldricL. amendment. II
modified so a. allow the dcpostors Of silver bullion
10 take Trca,ur, t"s Tor their ccn. lie alTaIencl
The Finance Committee As never having reported
measure proposing anything 10 take u' place OF tho
retiring National bank circulation. In other words,
that committee. hc said a organized ana as nos
di.portin- Itself had been for contraction. and had
voted ly IL, members individually and hal acted
a committee. Wha1-ve advantages h1d been secured
had been secured in defiance Of them and whateve:
vould De got hereafter would b. equally Ia defiance Il
Them. Abiding to Mr.. AdricfS comparison OF Mr.
stewart with Moses. Mr. Plumb spoke OF the Senator
ing Int ve.y smart dauGhcr; and, ia that Connection
he spoke Of Mr. Aldrlch'S efforts In the management o
fine lsllT bin last session. and compared tie practice
Of the manufacturer, with that Of tn" nhne-0wnerN
who. he sail. did not charge up their piolt, to The
dclt having people in the world bat they were now
asked T. tie their whole fortunes, TO give 70 minority
on o MONEY 90 and a. TO the tarn nothing .hond
he done that was not first submitted 10 the judgment
and opinion of handful of men who owned the fixed
capital Of the country If nat was 20 u Tue ,i,e "a"
scnutc might Just a, well adjourn Pn up Dcllhutton
IN the chambcr. and say to the holder Of Government
bonds or Of railroad bonds, that ii he wanted anything
he must ring TIC bell
SPEAKING UNDER THE TEN-MINuTE RULE
Mr. Eustis opposed the amendment offered by Mr.
German and asked Mr.. stewart whether he would sup
port it.
Mr. stewart replied that Of course he did not like
il a. well as his original proposition but he would
accept it, provided ii met the general acceptance OF
the silver men. II not he hoped that 1t would be
YT German said that he had no disposition to EN-
harIstss the senator having cnaIgc OF the az mean
ng Nj stewart. and he would therefore Wlthdrl" III
amendment for the present Mr. AIdHch also withdrc"
Attrr some remarks BY senators Reagan, Call aud
Teller in favor Of Mr.. stewart amendment. and by
Mr. Morrill, against H. Mr.. Adrch asked Mr.. stewart
whether his amendment would take away from
people the common Law right Of making contract
Mr. stewart replied that the amendment took
H Mr. Hdrch-Is it your intention to take IT, away
| do not think that any common ia" nGht can Zoe
"h Wr Hi,on made the same inquiry in another form
and received a reply that Mr. stewart proposed e.
leave those who made contracts 10 e9fo,In them IN
the courts. Then Mr.. Allison asked whether Mr.
stewards object wa, 10 make the Treasury not pro
vided for u the contract III charSc debts payable noc
the contract i'm gold or silver
Mr. stewart aid that he did not propose 10 nt"r-
fcrr with contracts, but he did object TO an advertise
meut That the Treasury certificates were not 10 be '-
Mr sherman suggested that in the sue Of railroai
bond- there was a provision for payment in gold con
cSeionl whether n Wa his purpose 10 make such bonds
nayabio IN those Treasury notes
Mr. Reagan dd not know whether Congress could
do that or not hut 4 coald be done 1t WAS ms pur
pose q do that very thing.
Mr.. All<oi said significantly that that what he
Nr Harris asked Mr.. Reagan whether a contract to
gold precisely
Mr. Reagan replied that he had not examined that
subject but he vould Ike TO have the III pnt In such
shape would prevent any standard ol payment
Nr Hoar suggested that thc Constitution dd NO,
confer Congress The power 20 establish legal tender
but on the contrary len that power. by implication
70 tbe States bt saving that thcv should make moth
Ing bat gold and silver legal tender.
Mr.. SHERMAN wITHDRAwS AZ AMENDMENT.
Mr. sherman offered an amendment adding 70 the
worls making Treasury ccrtl0catse legal tender the
words except where otherwise expressly stipulated
~ 1.-THE contract" lie remarked that that was the
language Of the law OF last session 81 the Bland
Allison act and 81 the various lcgalteudcr statutes.
1t was grave question for Senators VITO wouli
vote for Mr.. S,cwaits amendments whether or moi
they intended TO depart from the established u.1t,
OF the country with reference 60 cralt'ndcr and -
deny the rsht OF contracting parties 10 ,tpalate Tor
pay ment in giain cotton. gold silver or ytns else
power OF Congress to prevent persons making con
tracts, bat That ~, not necessary 10 put tho comnoH
law ia Inc blII tNc piNlJnti lNliIil''H Wa 'iiiN
intended to dlslonor silver
Nr. Gray said that it Wa not worth while {" rai-e
a doaDl WEcf none 'fNt"I l'r supreme '"ti'
lad already passed upon the question Incidentally
"a" .p.r. AGAINST Mr. stewards amendment e., ono
That would have The eject Of restricting rather than
Increasing circulation
II, shonual, h c2,nn,s deraton Of TIE views PIE
Nr. Iiawlcy also opposed Mr. Stcwa.ts amendment
The Government Va, now, D." aid Offering 10 la,
four and half million ounce. u silver month. or
100000 A ycar. But that Jaw did not satisfy thr
silver men. They wrf" rot -af ,i'd brcau-c silver
wa, bought by the Government 10 market rat AMI
demanded That tire profit G m the transact 30 Shoul!
co. not 10 the "h.e pc. PIE. bit TO lie m.uo-0Wuoi-
They wanted 70 Ct dollar p AZ Ef1iur -Hyr
difference between the two -id'~ was net on the in-
crease Of coinage Of silver. but vas that senators
opposed 10 tie proposition were not willing - give 10
market allowed them. That was the real d difference
VOTE ON THE STEWART AMENDMENT.
The discussion Of Mr.. stewart, amendment went
on. and remark, were made by Nc,-r-. Plumb Nor
gan and Coctrci Finally the discussion closed aud
the senate proceeded 10 vote on Mr. stewart, amend
mcnt. 1t was agreed t0-yeas. A.; nays, 80.
Mr.. stewart moved 10 strike ont section Of the
Finance Commitee', Lu-bclue the proposition fOr
the issue Of 500 100000 Of bonds 10 buy up ouletand
ing bonds. Mr.. Daniel favored the motion on tho
ground that the proposed section would be donation
10 the National banks. Mr. Aldrich defended the
section proposition TO refund per cent bonds pay
able in 1891. lie had received from the Government
acuary calculation showing that the saving to the
Government would be b9OOO,OOO.
SHERMAN WEARY or OPPOSITION.
After considerable discussion. Mr.. sherman said that
after the decisive vote just taken. there no use
in wearyng the senate uclcs,y with free coinage Of
silver he doubted whether per cent bonds could be
sold at par. lie would not Therefore, oppose the
motion to strike Oat.
The question wa, taken and The fourth section va,
struc, yea, Is; NAYS, 10. The negative vote,
we're given by Mcs-Is. Adrch Cameron, Casey, Dixon.
Doph Edmuud-. Frye. Hale, Ilawicy, Higgins. loar,
Morrill,, Tltt Power, Quay, sanders. sawyer, Shoup
and Wilson Of Iowa. Mr.. sherman voted yea.
After The announcement Of the vote Mr.. Butler
asked cav. T. offer resolution that when the Finance
il hal! have been d. posed Of. the senate will pro
cocl IT, the consideration Of the House bill providing fOi
the ad ju-tmcut of the account, Of HDOrcrs, WOIknen
and mechanic, under tn: Eght-hOur law
Nj loa,-l object.
Mr.. Imtlcr-l give notice that I will offer the rcsou-
Ion when this bill is disposed Of
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