St. Paul daily globe., 1892-05-27
RECORDED ON SILVER.
Senator Morgan AdrOitly
Forces a Vote on Free
Coinage,
And Senator Stewards Bill Is
Now Ahead of All Other
Business.
Full Text of the Measure and
It's Present Status and
Chances.
Teller Sharply Touches Up
the Ohio Ieeberg--ClOS-
ing Of the Fair.

ginning of the present week probably
not one of the most sanguine friends or
the free silver coinage proposition had
the smallest measure of hope or eXpec-
tation that anything in the semblance
of such a bill could be gotten before
congress again this session. Today, as
the result of an adrOit move on the part
of Mr.. Morgan, the senate was suddenly
obliged 10 record itself on what the free
coinage senators call 1.-THE square
ISSUE"
The details of today's proceedings are
interesting from two points OF view:
First, as n signal manifestation of the
desire of the majority of the senate to
at least hear arguments upon and give
consideration to the free silver coinage
bill; and, second, as an exhibition of
successful parliamentary management
in forcing the senate to record itself
upon an important question, notwith-
standing the most strenuous efforts or
a large number of the leading spirits of
the body to avoid the issue.
AS a result of the days proceedings,
the Stewart free silver coinage bill is
before the senate as unfinished business.
1t has displaced the alien bill and can
be gotten rid of only by voting upon Its
passage or by an affirmative vote TO take
I'D another measure whenever the morn
ing hour expires. The outcome cannot
be predicted. The anti-Silver men say
today's action means only a proftleSs
discussion, the silver men say 1t means
the speedy passage OF
A Free Silver Bill.
The full text of Mr.. Stewards bill is
as follows:
That from and after the date and passage
of this act the unit of value in the United
S;a es shall be the dollar and the same may
be coined of 4I2l2 grains of standard silver,
or OF 25.S grains of standard gOld: and the
said coins shall be legal tender for all debts,
public and private. That hereafter any
owner of silver or gold bullion may deposit
the same at the mint of the United States to
be formed into standard dollars for his bene
fit and without charge; but 1t shall be lawful
TO refuse any deposit of less value than Sl0J,
or any bullion so base as to be unsuitable for
the operations of the mint.
Sec. =. That the provisions of section of
san act to auth3riZe the coinage of the
standard silver dollar and to restore its legal
tender character which became a law Feb.
2S. 1873, is hereby made applicable to the coin
age in this act provided.
Sec. 3. That the certificates provided for
in the second section of this act shall be of
denominations of not less than ST. or more
than $40, 900, and each certificate shall be re-
deemable in coin of standard value. A suffi-
cient sum 10 carry out the provisions of this
act is hereby appropriated out of any money
in the treasury, or other not otherwise ap-
propriated.
Sec. T. That the certificates provided for
in this act and all silver and gold certificates
already issued, shall be receivable for all
taxes and dues to the United States of every
description, and shall be legal tender for
the payment of all debts, public and private.
Secs. That the owners OF bullion deposited
for coinage shall have the option to receive
coin or its equivalent in the certificates pro-
vided for in this act and such bullion shall
be subsequently coined. -..-s
shooting at Sherman.
The debate on the bill was opened by
Mr.. Stewart, who was followed by MIR.
Teller. The latter cOntradicted most
positively a statement quoted by Mr..
Sherman to the effect that if silver went
up to Sl.29 per ounce the product of
silver in this country would be Quin-
tupled. Such statement. lie said, was
made in the grosSeSt ignorance or in the
most malicious mischief. There was
no possible excuse for such statement;
and yet the senator from Ohio had given
to it the sanction of his authority. The
United States delegates to the inter-
national bl-metallic conference would
be met with that statement at the first
meeting of the conference.
What the silver men complained of,
said Mr.. Teller, was that the action of
1878 in the decentralization of silver had
appreciated gold at least forty per cent.
1t had reduced the price of agricultural
productions and the value of farms,
houses and lands; and it had reduced
the wages of the people of the country.
The question, he said, was big enough
for discussion, and he hoped that sena-
tors on the opposite side of the question
would find time 10 give the American
people some arguments on the subject.
No senator took the floor to continue
the debate when Mr.. Teller concluded.
During the first part of his speech Mr..
Hill came into the chamber and took
his seat, where he was engaged for
some time in conversation with Mr..
Stewart. He did not seem at all in
terested in the speech, and left before
it ended. The senate went into eXecu-
tive session, and soon adjourned.
The following is the vote in detail on
the question of considering Senator
Stewards bill: