Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-01-06
Elections Bill GiHes Way to
Financial Bill.
See'y Iohls Says Hls Department is not
| Responsible.
For the Indian xSoubIes-Hspsoeeu
tive Posts Financial Hill.

Hoar appeared taken by surprise. and
a.kfd George With feeling of misplaced
confidence whether or not be had aban-
doned the floor.
George said he did not intend to do that,
but merely yielded to have the motion
made He would claim the floor, he said,
if the motion did not prevail.
While George was saying this he was be-
ing prompted and encouraged by the demo.
cratic Senators ia bis neighborhood.
Hoar-I wish to submit TO the Senator
from Mississippi whether, iu his
Judgment, after the arrangement we have
made.
Gormsn--I make poirt Of order that
the question is not debatable.
The presiding officer Harris in the
chair informed Hoar that the question he
suggested vas not now presented. When
it was presented the chair would deal with
it-he meant as to the right of the senator
from Mississippi to occupy the floor at
another time on the elections bill.
Hoar-rhas is not the question was
suggesting, was asking the Senator from
Mississippi whether German insisted on his
point of order that on motion to proceed to
consideration of the bill, the debate Was
not in order.
Hoar-Do l understand that the Senator
from Mississippi considers himself at
liberty to yield to this motion after the ar.
rangement between him and me.
George-What was that?
Gormsn-I insist UPON point of order.
Presiding ofbceY-Point well taken.
GeorRe-I ask unanimous consent to
make an inquiry Of the Senator from Mass
achuseus.
Several democratic SeDators-Oh, no; l
object.
Presiding offcer-The Chair will enter
tain no motion that amounts to or tends to
debate. The question 10: Will the Senate
proceed to the consideration of the bill to
provide against contraction of the cur
rency.
The vote was taken by yeas and nays
and the motion was agreed to.
Yeas-Bste, Berry. Blackburn, Butler,
Call. Carltsle, Cockrell, Coke, Daniel.
Eustis, Faulkner, Gibson, German, Gray,
Harris Jones of Arkansss, Jones
of Nevada, Kenna, Mcconnell, Morgan,
Pssco. Pugh, Ravsom, Reagan, Shoup.
Stanford, Stewart, Teller. Vance, Vest,
Wsithalthall, Washburn, Wilson of Mary
land and Walcott-34
Nays: Messrs, Aldrich, Allen, Allison,
Cameron, Casey, Cullom, Davis, Dixon,
Dolph. Edmunis, Evarts, Frye. Hawley,
Hiscock, Hosr, Mcmillan. Msnderson,
Mitchell, Morrill,, Plat, Plumb, Power,
Ruay, Ssnders, Sawyer, Sherman, Spooner,
StockSriigs and Wilson of Iors-29.
The following pairs are announced: Ca
ry with Brown; Hearst with Paddock;
Payne with Farwell; George with Blair;
Moody with VOORHEES,; Warren and Tur-
pia; Higgins and Mcpherson; Dawes and
Colquitt; Hale aud Hampton; Barbour and
Squire.
The following we're absent and not
paired: Blodgett, Chandler, Ingalls,, Petit,
grew, Pierce.
The announcement. Of the vote was re-
csived with indications of disappointment
and surprise on the republican side, but
with no corresponding signs of undue Ella
ton on the democratic eide.
The fnancisl bill was read by the clerk,
and Stewart moved to amend it by ad ding
the following:
That any owner of silver bullion, not too
base for the operations Of the mint, may
deposit the same in amounts TO the value
of not less than ore hundred dollars, at any
mint in the United States. to be formed
into standard dollars or bars, for his bene-
ft, without charge; ard at said owners
option he may receive therefor thu equivs-
lent OF sach standard dollars iu
treasury notes, of the same form
and description and having the same
legal qualities as the notes provided for
by the act approved. July IA, 1890.
entitled "An act directing the purchase Cf
silver bullion ard the issue Of treasury
notes thereon ard for other purposes" and
all such treasury notes issued under the
provisions of this act shall be legal, and
tender for their nominal amount in the
payment Of all debts, public and private,
and shall be received for customs, taxes
and all public dues. and when so received
may be reissued in the same manner and
to the same exten. as other treasury notes.
Stewart said that his amendment would
remonetize silver and place where it had
been before excluded from the mints of
the United States snd Europe.
Sherman said that the sudden and unex-
pected change of scene and the Introduction
of a new topic in the debate, should not
allow the revolutionary measure now pro
posed (Stewar.'s amendment) to pass with
out the serious at ention of every senator
The fact that there has been an unexpected
detection in the republican party would
not relieve the minority of this body from
its respor sibiity if it supported that meas
ure. He appealed to the sober sense Of
the responsibility on the democratic side
against measure which be re-
gsrded as revolutionary and dangerous,
! ard the effec. of which Of it should be-
come law would be more destructive
than any MEASURE proposed for years.
The amendmen. offered by the Senator
from Nevada would change entirely the
whole basis of valuation on all property in
| the United States; would demonetize half
of the money of the country (gold), and
would degrade the other half (sil-
ve-) 10 low level; its effect wouli be
| to diminish the volume of circulation.
| The very moment such measure became a
! law the Uni. value would be 37l grains of
| silver bullion. If the friends Of silver had
only patience and would wait until the ec
ment of time had acted on the silver law of
the lsst session, tie policy of the United
| States and French govern ments, together
| with the use Of silver in South American
states, would lift up silver again TO the
gold standard and ,ha, would give them
| gold value for their silver. If they now
rejected the gold standard, and set up the
| silver standard alone the result would be
| that the market value of silver would 60
| lower and lower. The debate had come
upon the Senate by surprise, and he did
not think the people of the Unit d
! States desired to have this matter
| treated as an immateYisl question.
| he thought the measure was pressed upon
| the Senate unduly by his republican friends.
Who represented States largely interested!
| in the question. If his democratic friends
| took the responsibility Of il they could not
hold them selves behind the fact that they
were in the minority; the responsibility
would be on each Of them individually.
| He did no. believe, from what he knew
nov, that the bill could pass. II hi, dem D
cratic friends desired some measure for
the relief of the money market they would
throw away the only chance they had to
accomplish the result which they desired.
! Sherman said the silver &C. a. the las,
session su.psnding the coinage Of silve,
dollars had tended to constantly increase
the price of silver bullion, and be had nc
doubt tina. if spectators had not entered
the Arena aod il the ordinary course Of
business was allowed to deal with the mas,
VI silfcE aud A8SS II oAhSSa ",
silve, purchased monihfv, the price would
slowly be enhanced until, in y few yesrs
il might have reached the price Of gold
Speculation had entered into il, and the IN
due advance in the price Of silver va
forced by . combination until ii hsd sons
up 10 120; then, - more and more silve
came upon the market, the price had sud
! denly fallen to 100, showing that rise au'