The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-10-11
IN LIEU or REPEAL.
Blackburn Presents His Plan OF
Compromise.

Compromise.
WASHINGTON, Oct. Elm the senate
today Mr.. Blackburn OF Kentucky sub
mitted an amendment to the bill repeal
ing the silver purchasing clauses Of the
act OF 1890 II strikes out the Voorhees,
substitute, leaving the bill as 1t passed
the house. and then provides for the free
coinage Of silver OF American production.
The secretary OF the treasury is author
ICED on the first day OF each month TO
establish the seigniorage to be charged
for the following month, which is TO be
the difference between the market price
of silver bullion and the minted value
after coinage. This seigniorage is not to
be coined. but Is TO be sold by the secre-
tary of the treasury for sold. TO be used
for the purpose Of maintaining the parity
OF gold and silver. This is the amend
ment which Mr.. Blackburn in his recent
speech said he would propose with a
view Of reaching a compromise.
The debate on the repeal bill was con-
tinued by Senator Call Of Florida and
Senator Butler OF South Carolina, both
OF whom oppose the bill.
The secretary Of the treasury today
sent TO the senate revised estimate OF
the cost of the deportation Of Chinese
now I'm the United States in accordance
with the provisions Of the Geary law.
The statement is supplementary TO that
Of Sept. ~ and increases the estimate
Of the total appropriation necessary from
IS, 00O, 900 20 SO. 600. a portion of this
increase, 81. 1850, 900. is due TO the fact
that the steamship companies have in
creased their rates for transportation Of
Chinese from San Francisco 10 Hong
Kong from $35 10 SOL. The remaining
portion OF the increase is due to the
fact that the first estimate did not in
clude the expenditure in the courts which
the enforcement Of the act renders nee
essary.
Mr.. German presented a memorial
signed, he said, by the leading merchants
Of Baltimore, representing, he supposed,
two-thirds OF the trade and commerce
Of that city. praying for speedy action
on the repeal bill.
Mr. Allen OF Nebraska offered a reso-
luton (which went over calling for in
formation as 70 whether the government,
since March, 1875, has borrowed any
money.
The resolution heretofore offered by
MI tlACl Apl a otlCAb NbilllilllAtt W III
qulre what legislation is necessary to
improve the banking system Of the co1n-
try was then taken up and Mr.. Stewart
spoke upon 1t. He confined himself 10
a criticism of the secretary of the treas
ury for failing to purchase 100000
ounces of silver per month. and went
over much OF the ground heretofore
covered by him.
The resolution offered some days since
by Mr.. Morgan, instructing the commit
tee on the judiciary to report whether
any Of the provisions Of the coinage act
Of 1887 are in force, was laid before the
senate and agreed to without discussion.
Mr.. Mcpherson OF New Jersey gave
notice that he would address the senate
upon the bill on Monday next.
Mr.. Teller took the floor on the repeal
bill at 4:45 o'clock, but before he began
Mr.. Duboise suggested the lack Of a
quorum. After some little delay a
quorum was secured. II will say" said
Mr.. Teller that so far as I am con-
cerned 1 am satisfied that excitement
and distrust was created to a large ex-
tent by the attitude Of the executive de-
partment Of this government on the
financial question"
At Sis Mr.. Faulkner, understanding
that Mr.. Teller was feeling well, moved
an executive session. Without conclud-
ing his speech Mr.. Teller yielded for
this purpose. The senate after a short
executive session then adjourned.