St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-09

the currency"
The latter bill was
Read in Full.
1t directs the secretary of the treas
ury to issue silver certificates equal in
amount to the silver bullian in the
treasury purchased under the act of
July II, 1880, in excess of the amount
necessary, at its coinlng value, to re-
deem the treasury notes issued under
the act, and to use the same TO provide
for any deficiency in the revenues of
the government. the surplus of such
certificates to be used in the purchase
OF per cent bonds at their market
price, not exceeding ~ per cent prem
ium. Stewart said that he desired to
call the attention of the fin nee commit
tee to the latter bill. Its purpose
was to give:immediate srelief. His bill
! provided, he said, for the issuing of
| S1O0,000,000 of treasury notes to pay for
bonds to be deposited by banks as Sc
| curity for the notes. The notes could
be afterwards retired with the bonds.
| That would give about $150,OO0OO0 of
increased currency and would give i'm
mediate relief. The senate should not
delay action when the country was in
such state of panic. 1t would be un-
patriotic for any man to get up discus
sion now. But the silver men did not
believe that they could allow the Sher-
man act to be repealed, because they
believed that that would be the end of
silver coinage forever. They could not
agree to that, and they could not be ex-
| pected to agree to it. But they did not
want to be put in the position of con-
tending against what was absolutely
necessary at the present time. He was
IN favor of any temporary measure that
would give relief, and. in the meantime,
the discussion OF the whole financial
question could go on.
At the close of Mr. Stewards remarks
his bills were referred to the committee
on finance.
Hale, of Maine, offered a resolution
fixing the hour of
Daily Meeting
| of the senate after tomorrow at II
O'Clock. He said that the president had
very aptly and in no uncertain tone
given business to the senate and to the
house to attend to, and had quoted the
maxim He gives twice who gives
| quickly"
His object in Offering the resolution
was to strengthen the presidents hands
Embarrassing the length of the working
day and thus decrease the number Of
days that must elapse before the adop-
tlon of the legislation which the presi-
dent recommended. There was no SEN
ator on either side who did not desire
so soon as his duty could be per-
formed to avoid the heat of this
QJ might be pestilentiaD city and
to HE him home. There was no
great business interest of the country
that did not demand (as the president
demanded) swift legislation. If the
senate were to take vote on this i'm
| portant matter on the 22d of August, as
| proposed by Mr.. Lodge, and which he
thought that two-thlrds of the Repub-
lican senators would favor, at 10 o'clock
would be better hour to meet than at
II o'clock. He was willing to modify
his resolution accordingly. He did not
| propose to have vote taken upon it
now, but he thought he would move its
! reference to the committee on finance.
lie knew that the chairman of that
committee, his friend from In
diana, MI Voorhees,, had been al
ways sound on the money question
and that soundness was supposed to
have been recently streng ngthened, if
that were possible. He could get his
committee together tomorrow and
could report tomorrow Joint resolution
repeating the purchase clauses of the
Sherman act: and the senate could get
to work upon it on Thursday and set
itself seriously to the business of the
country. The president, ne added, had
made prefunctory allusion to the
tariff, but there was not a senator pres
ent who did not know that the Demo-
cratic party would no more dare to at
tack the tariff question than sane man
would dare to grasp wire charged with
electricity. Congress was in session
for the sole purpose of considering the
financial questions. Senators on the
Republican Side
wanted immediate action. They wanted
the senator from Indiana (Mr. Voorhees,
to report bill in accordance with the
patriotic suggestions of the president,
so that the senate could get to work
Thursday morning. Such a measure
could only be passed in one way-and
that was by the senate sitting day and
Light and Sundays.
Mr. German. of Maryland, resented
Mr.. Hale's remarks as being made to
gain partisan advantage. 1t was ''small
politics." he said, that had suggested
the resolution.
The senate dare not las the senator
from Maine knew, and as the country
knew dispose of such a question in
haste. Senators on both sides were
divided in opinion as TO the proper
remedy to be applied. He trusted that
all senators would arise above mere
partisanship, and would settle the ques-
ton to the interest of the country, and
he hoped that nothing would be done on
the Republican side eff the chamber to
excite party feeling an the Democratic
side. lie therefore trusted that from
this time on it would be thoroughly un-
derstood that senotors were here to
serve their country; that there was an
awful condition of affairs existing, and
that they would come to the considera-
tion of the question deliberately and
calmly, with a view of perfecting some
legislation that would give relief.
MIR. Hale-My proposition is a serious
proposition. 1t is made with the view
of strengthening the hands of the pres.
ideDt. If there is any one thing in the
presidents message that he brings out
10 undoubted and not uncertain tones, it
is the appealing cry for Immediate ac-
ton. The senator from Maryland will
not be able by taunting us with seeking
party advantage to deter this side of
the chamber from standing up to the
president.
Mr. Voorhees,, chairman of the finance
committee, said that committee would
be convened the day after tomorrow.
Several RepubIicans-Why not tomor-
row,