The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-07-13
SILVER IN THE TREASURY.
ENOUGH BULLION TO KEEP THE MTNTs
BUSY FOR MORE THAN TWO YEARS

Senator fnlraer's Corrsspou denee with the
Department stirs Up Mr. Merran-Mr.
voorhees's Arbitration Rosoiution-A
Vote 10 Take Up the Anticipation Hill.
WARRINGTON. July 12.-In the Senate to-day
Mr.. Palmer tDem.. ILL., sent to tho Clerks
desk and asked to have read. in order that It
might be printed In tho Record some aues-
lions which he had addressed to tho secre-
tary OF the Treasury. and tho replies received
thereto from Mr.. Leech. Director Of the Mint.
These questions and answers were In sub
stance:
o-whst number of standard silver doiiars OF the
coinage of tho United ststes are in eircuationi A.
b6,7794S4. on July l.
Q.-whst number of standard silver dollar, are now
in the treasury A.-On July 35f, is9.25l
Q.-Whnt number OF troy ounces or ayotrdu pots
pounds OF silver bullion purchased with silver ootn
certiicAes are now in tile Treasury A.--Tho amount
OF silver balloon purchased under tho act OF 1870
ia a33 600 troy ounces of nps silver or b,<l2,5
pounds avordupois.
present facilities to coin all the bullion in the Treasury
A-Neariy two years and q half. without doing any
other coinage.
o.-what number Of standard silver dollars at the
present ratio. would the silver bullion now the
ury produce coined' ATOP o5t.ooo silver dollars
Mr.. Morgan tDem.. Ala.). rising and speak
ing with considerable warmth. said:
II object to this going in the Record unat-
tended by any explanatory remarks. II neces-
sary will move to lay it on the table until to-
morrow. This la an argument upon the silver
question concocted between the Senator from
Illinois and the Secretary Of the Treasury-an
unfair argument, and the deductions sought
to be drawn from 1t are untrue"
Several Senators remarked that the corre-
spondence, having been read would OF neces-
sity appear in the Record
Mr.. Morgan replied that in any event he
proposed that some explanation should ac-
company It He asserted again that tho silver
dollars authorized by the act Of ] 800 were mono
OF them legal tenders. They were legal ten
ders only where tho contracts did not other
United States. was without n legal tender law.
He asserted that here was not such n liz written
which described the dollars issued under the
act OF 1890 as lega! tender. 1t was e false from
heavon to hell deceiving the people,
and putting them over u nrecipice into which
they must tumble when their debts matured.
when the amounts due from them would be
%hieh coin contracts could Se rec redeemed do Mr.
Morgan made some reference to contracts OF
this kind entered into by the Senator from
mir. Sherman denied that he had made any
such contracts.
institutions in which the, Senator was inter-
ested had made such contracts. and the soma
Mr. Toorhees Dem. Ind.l asked unanimou.
eonsideration. promising that Il IT led to dis
He sent It to the, Clerks desk and had it read.
1t says that in all disayreemcnts between la
ana and peaceful arbitration should be r put In
operation. and that the refusal to arbitrate
conflicting interests interests. and resort to force force
tho principles Of free government. and
iraug ht with danger to rersons and property.
Education and ] abor to inquire into the expe-
diencey Of establi shing n commission Of arbi-
., Y thu Tn stasss
his H' message to Congress in 1856. President
Cleven nd's labor arbitration message was APP
pended to the resolution and was read to the
Senate.
Under tho rules. objection being made. the
oeoh ME- sr Mimi
moved to tako up the Anti Option bill. upon
which ne drok end to make the
In order each day ut 2 o'clock until conclu-
sion il ,!sached.
ed the yeas and nays. which resulted:
sry oSsS Sss
ss ss sSg Hsays
H,nIs d;S.Sa
whlte-5.. ReppbMcans- Aidrrh, Chandler, Hawey
eosiS Ta,. Sanders sawyer stewart "''
Mr.. Hawley. who was recorded in the mega.
tive. explained that he had intended to vote
yen.
| ceeded with the consideration of the -undry
Civil till. and the Anti-Option bill thus went tt
| the calendar subject. OF course. to its Icing
taken UP again at any, time by the same vot,
of the Senate a to-dRy's. rs soon rs the pond
| ing appropriation bills are out of the way.
The debate on tho Sundny closing Of the
Chicago Fair was resumed. No conclusion
| was reached hut 1t was agreed to take Il vote
| tomorrow. and to limit debate by the five
| minute rule.
| The subject under discussion in the House
! to-day was constitutional amenhm, Mt tc
| elect Senators by direct vote of the pie
| The debate was entirely technical. ami Du
little attention WAS paid TO tho question by the
earnest speech in support, OF the mcasur.
and was warmly congratulated ~ his col
succeeded In preventing vote on the bill.
| Mr.. Dockery tDem.. Mo- submitted the con
ference rerort, on tho District Of Columbia Ap
| priation OF S0bONO for the G. A. Il. cncamp
| ment next September. to be paid out of tn,
District revenues The report was agreed to-
| yeas $50: nays. n.
|