The record-union., 1892-06-03
BEFORE CONGRESS.
YESTERDAYS PROCEEDINGS IN
SENATE AND HOUSE.
Stewart Addresses Members of the
Former Body on the Silver
Question.
Special to the REcoRD-UNroS.

Special to the RECoRD-UNTON.
WASHINGTON, June 2.-On motion of
Allison the Senate agreed to adjourn
from to-day till Monday
Notice was given by Vest of his inten-
ton to address the Senate on the wool
tariff, and by Morgan of his intention TO
speak on the free coinage of silver next
Tuesday.
Turpie's resolution calling for the cor
respondence with Hayti, Colombia and
Venezuela regarding reciprocity, was
adopted.
Stewart resumed argument in support
of the bill providing for the free coinage
OF gold and silver. He expressed sur
prise at the Chalrman'S s statement that he
was in favor of the Bland-Allison bill
Sherman, he said, criticised the bill while
! he was Secretary of the Treasury, and
urged its repeal. Sherman predicted that
| the Bland Act would bring the country
TO silver standard, and Stewart declared
| that the law of 1880 would inevitably
bring the country to paper standard or
! TO the market value of the standard value
OF silver, because it is going to be impos-
! sible to maintain gold payments under
/ the existing law. Every weekly state
ment OF the Treasury showed the per-
centage OF gold coming out growing less
/
! per cent. of the aggregate receipts.
In response to query by Higgins if he
! preferred a silver basis, Stewart said he
preferred anything rather than the en-
! slavement of the people by an attempt TO
reduce the whole world to the narrow
| basis of gold. Il would reverse the
policy of the Administration which re-
versed the law. 1t is the duty of the Sec
! retary of the Treasury to redeem the
/ paper OF the Government in the currency
| which Is most convenient. | say the
I present policy under the existing law
would reduce us not only to silver
! basis, but to q basis of the commercial
price of silver, because it is impossible to
maintain on the present volume of gold
| the existing credit fabric of the world"
| in the course of his argument Stewart
| ridiculed Sherman's expression of SYM
| pathy for the working classes and for the
/ pensioners. "SympathyP' he exclaimed:
''there is not blood enough in all the gold
trust men for one mosquito"
/ At the close of Stewards speech the
| silver bill went over without action.
A resolution reported from the Finance
| Committee, for the appointment of a
! committee of five to inquire whether the
| law relative to national banks furnishes
/ sufficient protection TO depositors and TO
| other creditors, and to investigate the re-
cent failures of national banks. and any
other violation of the law or irregulari-
/ ties, was agreed To, and Chandler, Hig-
| gins, PETER, Harris and Mcpherson were
! appointed.
/ After an executive session the Senate
| adjourned till Monday.
THE HOUSE.
! WASHINGTON, June I'm the House
/ to-day Hatch Of Missouri reported the
agricultural appropriation bill. 1t was
| ordered printed.
The Senate bill granting twenty acres
of the Fort sydney military reservation
/ to the city OF Sydney, Neb., for q ceme-
! terry, passed.
! The House went into Committee of the
Whole on the postoffice appropriation
! bill. The appropriation for the star route
/ service was increased 500, ,0C0.
Loud Of California offered an amend
I meut increasing by S125, 900 the appropri-
alton for the mail messenger service.
/ Blount of Georgia offered an amend
ment reducing by $3.50 coo the appro-
j priation for inland transportation by
railroad routes, and authorizing the
/ Postmaster General TO readjust the COM
pensation to be paid after July /, 1893. by
! reducing the compensation TO railroad
i companies for the transportation of mails
! ten per cent. from the rates based on
weight fixed and allowed by the Act of
June IL, 1873.
Pending action the committee rose and
| the House adjourned.