The times. [volume] (Richmond, Va.) 1890-1903, 1892-04-21

AAN"+N~N%
The senate.
The proposed international naval review,
in connection with the Columbian Centen-
nial was advanced a stage further by a re-
port made by the acting chairman of the
Committee on Naval Affairs. requesting that
an appropriation of $500, 900 for this purpose
should be included in the Naval ApprOpria-
ti0n bill This was referred to the Commit
tee on Appropriations.
The question Of requiring railroad compa-
mes 10 provide automatic cOupleTs for freight
cars in order 20 protect the lives OF brake
men, which has been twice recommended III
presidential messages 10 the action OF
Congress. received attention in the shape OF
bill reported by Mr. Cullom. chairman of the
Interstate Commerce Committee. directing the
Interstate Commerce Commissioners 10 ascer-
tain and report TO Congress on the first Mon
day of December OF each year the total num-
Der Of freight cars engaged IN interstate COM
merce equipped with such couplers and the
number not 80 equipped. Also whether
reasonable progress was being made to
wards the adoption of automatic cOuplers, and
whether legislation 20 expedite the adoption
Of a standard coupler was necessary
FOR A COMPOSITE DOLLAR"
Mr.. Kyle. Of South Dakota by request in
troduced the most remarkable financial bill of
the session providing for the establishment
OF "a composite dollar" The chief clause of
the bill enacted that the composite dollar
should be established in the following man
ner. Designate so much of wheat, rye oats,
corn, barley beans. potatoes, cotton wool,
butter. cheese, eggs, flour sugar. lard pork
beef, tobacco, salt. leather. hemp line ce-
ment cOttOn-seed meal, hay, brick lead, pig
iron. coal and copper as shall be con-
venienty near 10 one dollars worth of
each in the New York market. so
arranging quantities that the sum total of the
value of thirty articles shall be thirty dollars,
4 . fafh Of fnf fal of
articles designated shall be termed the com
pOsite dollar of the United States Further
provisions enact that an accurate monthly
average record should be kept of the daily
price Of these articles. and that it should be
lawful for any person OF corporation to en-
gage TO receive or deliver composite dollars
on this security.
Mr. sherman. who had given notice of an
intention 20 call up for immediate action the
Chinese Restriction bill. announced that at
the time the COMMITTED on Foreign Relations
had been of the opinion that the present re-
striction law would expire on the 9th OF May
next. but on a careful examination of the
amendments made TO the act of May 1862
be became satisfied that the restriction laws
did not expire until July. 1894. so that there
was no immediate pressure for the passage Of
the blll reported by the Committee on For
eign Relations. At the same time. if sena-
tors desired to speak upon the subject he
would call 1t up, but not to-day.
AiB. TELLER oS SILVER.
Mr.. Teller, calling. pro forma. Mr.. Morgan's
resolutions as a text. addressed the Senate i'm
favor Of free coinage. he spoke without notes
in q clear. distinct voice. and received the ST.
lent and full attention OF the Senate. lie said
he supposed in the condition IN which the
friends of Ibimetalism found themselves to-
day he ought 20 apologize 10 the Senate for
Civerting its attention from the calendar
30 the trihing measure with sarcastic
emphasis which had passed the Senate
wear after year 10 die somewhere elsa sub
Iect which touched every human being and
every American citizen and which he believed
TO be the most important subject presented
% the American people since the close Of the
war But we had fallen upon evil times and
were now toldithat this question was not OF so
much Importance as 70 have certain men of
one political party or the other elected Presi-
dent for tho ensuing four years. He asserted
that the attitude of the present administration
was hostile on the silver question. not more
hostile than that of its predecessors. lie as
serted further that the Federal patronage had
been used 10 influence the House Of Repre- !
sentatiyes. which otherwise would have had
majority sufficient 10 pass a free coinage bill, |
and Democrats had been induced 10 vote |
against il because IL was feared that If free |
coinage was passed the great state OF New |
oFk. with more presidential votes than any |
other State IN tho Union. would 20 Rcpubl-
can.
The influence OF European countries who
knew that il bimetallsm was adopted in the
uited States they would be compelled 10
abandon the solitary gold standard had also
been brought TO bear and consolidated caYi-
tal and maintained lobby here. which had
not been paralleled in strength during his
(Mr Teller s public lie He traced and as
cribed the low price OF wheat arising from the
successful competition OF India 20 tne demone-
tizing OF silver by the United States in 1873.
The Indian shipper could buy wheat in Bonn
bay at Sl2O bushel IL silver. ship
it 10 England at fourteen cents ad-
ditional making Sl.3f. and sell II IN
the British market AZ ninety cents
in gold. The American shipper. receiving
the same price. found his ninety cents worth
lers ninety cepts and no more The Indian
shipper with his ninety cents ia gold could
buy an ounce and third of an ounce Of silver
which lie could put into rupees at sl.3s an