The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-10-29

the whole country. The silver mining m
terest. although important to the silver
states was not nearly so important as Lns
senators from those states uhougnI. Si
yer would be used more and onghb 20 De
The world was not coming TO an enu oe
cause the purchase OF silver was othor eoppra 81.
ources. and the people of the stats wou'o
find ample employment. IL
MIR Sherman sent to the clerk Cesh
and had read proposition wnich ne M. ID
yored. providing for the sale OF bonds. he
proposi,icn was that to enable the se:re'
farv of the treasury to maintain the parity
of an foryns of currency, and to strengthen
and maintain the gold reserve, he DC au'
thor,zel to issue from time to time. as re-
onjred for such purpose, In sun not ex-
ceediua in the aggregate SSoUooo,ooO'
common or registered bonds, OF The denomi-
nation of $50, or some multiple OF that
surn redeemable in coin of the present
standard value at the pleasure OIL tne
Tinted States after three years from the
date of their issue, and bearing interest,
payable semi-annually, in such coin at tne
rate of 4 per cent per annunl. Inc ooncs
and the interest thereon should DE exempt
from the payment OF all taxos or duties.
The proceeds of such bonds were 10 De
used for the purpose defined i'll this Sec
lion, and no other.
Mr. Sherman expressed the hope that
tbe senator's i'm the majority would make
some such provision rs the one he had
read.
Sherman. He contended that when con-
gress met the Democratic party was nope
lessly divided on the silver question, as
were the Republicans. There was not
majority in favor of unconditional repeai.
he asserted, for many of those who would
vote that way wanted some other measure
passed in place of the Sherman law.
MIR. Shoup of Idaho took the noor AT
O'Clock and read a short speech, predicting
that disaster would follow repeal
At the close of Mr.. Shoup's speech, MIR.
Stewart offered a substitute for the Per
kins amendment offered yesterday, which
was practically to the same effect, but
differently worded. The substitute was
lost-ayes %; nays, 81.
At2.55 O'Clock the Perkins amendment
was voted on and lost by Al nays. 80 ayes.
At 2:5S O'Clock Mr. Berry of ARKANSAS
offered the Bland Allison law as provis-
ion OF the repeal bill. He made short
speech, advocating it as the best thing
under the circumstances, though not en- |
tirely satisfactory to HIM.
Mr. Voorhees, felt impelled to say few |
words. He was charged with the great |
responsibility of passing this bill unen- |
numbered but he insisted that leglsia- |
ton would not end with the passage or |
this bill. Mr.. voorhees,. In reply 10 MI.
Sherman. said that he would oppose an
issue of bonds at This time. He would also
oppose Mr. Buter's state bank tax repeal
bill. He was for it as a separate bill, but
not as In amendment TO this bill. Pro-
vision ought to be made for bonds OF "a
shorter date and lower interest
The Bland-Allison amendment was lost
by 33 ayes to 81 nays.
At 3:51 o'clock p. m, Mr.. Allen OF
Nebraska offered al amendment, TO coin
I be bullion in the treasury. Lost-yeas.
81; nays, Al.
At 4:05 o'clock p. m., a vote was taken
on the Blackburn amendment, offered
some days since-yeas. rs: nays, ~
At 4:15 o'clock p. m. Mr.. Stewart offered
his amendment for a conference of all the
American states to fix uniform silver
coinage When all the countries had
agreed upon such coin and opened their
mints to the free coinage of silver, the
United States should do the same. Re- |
80; nays. Al.
At 4:25 O'clock p m. Mr.. Squire offered
his amendment, providing for the repeal
of the purchasing clause, the coinage OF
e, coo. 900 per month, the treasury 70 retain
The selgniorage. the issue OF 500, O0O, 900
" orth of 3-year 3 per cent bonds, and au-
Ihorizing the national banks TO issue the