Morning journal and courier., 1892-06-03
PRoCKEDINGs IN CONGRESS,

| The Silver BIll in the Senate-Mr Stewards Speech in Advocacy o the Measure-The Bin Goes Ove, Without Action-Other Business Transacted.
 WASHINGTON, June 2.-The resolution
 offered yesterday by MT. Turpie calling fol
 the correspondence with Hayti, Colombia
 and Venezuela in regard to reciprocity
 was taken up, and MT. Turpie addressed
 the senate upon it, after which the resolu-
 tion was adopted.
 At 3 o'clock the bill providing for free
 coinage of gold and silver was taken up.
 MT. Stewart said the law of 1890, which
 MT. Sherman approved to-day, but might
 not approve tomorrow, would inevitably
 bring the country to paper standard or
 to the market value standard of silver; be-
 cause it was going to be utterly impossible
 to maintain gold payments under existing
 law. There was nearly a thousand mill ions outstanding in paper and silver,
 while there was only 113, ,000. .000 of gold in the treasury-including the $100, ,000, ,00O regarded as @ reserve for the redemption of greenbacks. And every weekly statement of the treasury showed that the percent age of gold coming into the treasury was growing less and less until it was now only IA per cent. of the aggregate receipts. He noticed that the secretary of the treasury in an interview in New York yesterday, said there wonld be no premium paid on gold during the present administration, that he had power to issue bonds in order to get gold, 80 as to keep the two metals on a parity, and that thep would be kept at a parity.
 MT. Higgins asked MT. Stewart if he preferred that the country should come to a silver basis.
 MT. Stewart-I would prefer anything rather than have the people enslaved by the narrow basis of gold. There is over 400, GOO, ,000 of silver in the treasury and the law makes silver coins legal tender equally with gold. I would reverse the policy of the administration. which has reversed the law. There has not been for the last twenty years any gold obligation on the government. And it is the duty of the secretary of the treasury to redeem | the paper of the government in that cur rency most convenient. say the present l policy under existing law will reduce us | not only to silver basis, but to the con- nercial price of silver, because it is | LII pOoo1OlC Oo ou tuo piC5cuG volume of gold the fabric of the world. | MT. Stewart ridiculed MT. Sherman's ex- oression of sympathy for the working | classes and for the pensioners. Sym oathy," he exclaimed, 'there is not blood enough in all of the gold tribemen for one It would not do for those were nothing else-to claim or themselves all honesty. Honesty would be banished from the world when he crime of 1873 was justified. He had ,een often told he was throwing away his ime in telling the truth, but he did not believe it. He believed the country would lave free coinage of silver; and would lave it in the near future.
 At the close of MT. Stewards speech the liver bill went over without action.
 The resolution reported from the finance committee providing for a committee of i've to inquire whether the law relative to ational banks furnishes sufficient protec- ion to depositors and other creditors and 0 investigate recent failures of national anks and violations of law or irregulari- es was agreed to and Messrs. Chandler, Higgins, Pfeffer, Harris and McPherson 7ere appointed.
 The senate then proceeded to executive usiness and at o'clock adjourned until [onday next.