The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-19

WASHINGTON, D. O., August ls.-As
predicted yesterday, the senate com.
nIt,ee on finance this morning reported
tho bill ior the repeal OF tho purchas-
inc clause OF the Sherman act, accom-.
Dauying it by declaration in favor OF
bi.me.allism. The committee was in
session only an hour, and the only
point OF contention was over the word
inc Of tho bill, the committee having
reached tho conclusion yesterday that
they would take the final action to-day.
A bill had been drawn by Senator Voor-
heos, and was put before the commit
foo this morning in printed form, the
text being in accordance with the sug'
restions OF yesterday. The bill thus
comes an original measure favorably
reported, and will probnbly be known
as the Voorhees, bill. The votes by
which it Is reported are those OF Chair
man Voorhees, and Senators McPher-
son, Morrill,, Sherman, Allison and AL.
drch-the last four named being Re-
publicans. The full text of the bill Is
a, follows, omitting the enacting clause;
"That so much OF the act approved
July IA, 1890, entitled An act directing
the purchase Of silver bullion and issue
Of treasury notes thereon and for other
purposes" as directs tho secretary OF
Inc treasury to purchase from time to
time silver bullion to the aggregate
amount OF 100000 ounces, or 80 much
thereof as may be offered in each month
at tho market price thereof, not exceed.
inc ono dollar for three hundred and
seventy.one and twenty-five one-hun.
dredths grains OF pure silver, and to is.
sue in payment for such purchases
treasury notes OF the United States be
and the same is hereby repealed.
"And 1t is hereby declared to be the
policy Of tho United States to continue
tho use OF both gold and silver rs stand.
ard money and coin both gold and sill
Yer into money Of equal intrinsic and
axchangeabIe value, such equality to be
secured through international agree
mcnt, or by such safeguards of legisla.
tioR as will insure the maintenance Of
the parity in value OF the coins OF tho
two metals and the equal power OF
every dollar at all times in the markets
and in the payment OF debts.
"And it is hereby further declared
that the efforts OF the government
should be steadily directed to the es-
Enlistment Of such safe system OF BIZ
metallism rs will maintain at all times
the equal power OF every dollar coined
or issued by the United States in tho
markets and in the payment OF debts"
A LONG DEBATE.
Senator Voorhees,, will not, as he had
originally intended. ask the senate to
fix a day for the vote on the bill. He
said this morning that he did not think
vote would be had on it for some
time, MS there appeared to be disposi'
tod on the part OF senators to debate
the measure tor an indefinite time. lie
will call it up next Tuesday, at which
time ho will make speech on the
financial question generally.
There were no sensational develop
ments in tho committee room, but both
sides remained firm and unyielding,
the minority contenting themselves
with tho statement that they would
carry to tho senate the fight that was
hopeless in committee.
Senator Voorhees,, who has always
been looked upon us u champion oI
silver, stated frankly to his colleagues
that ho did not give up one jot or little
ol his allegiance, but that he believed
tho repeal of the Sherman law ut this
tlmo would give the people tho money
they needed; This did not, he thought
prevent tho ultimate success OF bi
metalisn.
VESTS SUBSTITUTE.
Mr, Vost then Camo totho front with
the utImatum Of tho silver mon and
the five votes rallied to his support,
Outwent down in tho face OF superior
numbers. Thisis u bill that Established
The FREQ coinage Of silver at tho pro
posed ratio Of twenty TO one and is tht
only compromise to which the silver
mon arc disposed to yield, and evS
mat compromise Is rejected by ultri
nlyOrte3 OF tho silver producing statos
Alter lts dotont Mr.. Vost said no woulC
oller tho bill as a substitute In tho son
0'g and make tho fight there. This ht
subsequently, did.
lhcIo has boon Rome quiot tall
amoDR the anti.silvOr men ofthe com
mnIleo rs to tho chances for vote ant
maj action on tho bill. and II Is asCer
taurd that while they Ieol pretty cor
Ml' tho bill Gun pass the house, tho.
appcar by no means 80 aangulnO Of thl
senate There seems to bO q fOelinI
;haI tho bill Of Mr.. Vest establishing
lice coinage at tho ratib OF 20 to /, ma,
possibly DO successful.
IN that event thOy look for tho finn
triumph Of tho administration. Til
yl'Is would thUn 20 TO conference and Il
way stage OF tho proceedings tho sonat
s1oll without sacrificing tho dignit
MNlel It 90 icAlously guards, rSrod
ton lIa position aud adopt tho bill o
uo onsc, II 10 believed that tn
ino'9Dets favorable TO FREQ coinage hay
ms Oy that tinO nut thomsUlvos on n
wr9 would be willing to vote to rccod
Tpal we atralght repeal would 70 10 til
'o'loont for his signature.
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