Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1893-08-25

! Washington, Aug. 1S.-The senate ii.
nance committee has at last responded
to the pressure of public opinion and
done something. This something con.
sisted in getting to work early this morn.
ing and adopting the following repeal
bill, which Senator Voorhees, promptly
thereafter introduced in the senate i'm
mediately that body came to order:
BE it enacted by the senate and
house of representatives in congress as
sembled, that so much of the act ap-
proved July IA, 1890, entitled AN act
directing the purchase of silver bullion
and issue of treasury notes thereon
and for other purposes" as directs the
secretary af the treasury to purchase
from time to time silver bullion to
the aggregate amount Of 100000 oun-
ces, or SO much thereof as may be
offered in each month at the market
price thereof, not exceeding 81 for
371.25 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and the same is hereby repealed; and
it is hereby declared to be the use of
both gold and silver as standard the
policy of the United States to con
tinue money, and to coin both gold and
silver into money of equal intrinsic
and exchangeable value, such equality
to be secured through international
agreement or by such safeguards of
legislation as will insure the main
tenance of the parity in value Of the
coins of the 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-
Establishment of such safe system of
bi-metallism as will maintain at all
times the equal power Of every dollar
coined OF issued by the United States
in the markets and in the payment of
debts"
The vote in the committee was to
5. The yeas were Voorhees,, Sherman,
and the nays Harris, Vance, Jones,
(Nev.), Jones (Ark.), Vest. Senator
Vest was then instructed by the mi
nority to introduce his 20 to free coin
age bill as 4 substitute.
Senator Voorhees, announced in the
senate that he should call up the bill
on Tuesday next. The senatorial de
bate will then begin. 1t is very doubt
full, however, if it continues immedi-
ately, as it is believed the VOORHEES,
bill to increase national bank circula-
ton will not then be disposed of.
The Voorhees, bill, which is prac-
tically the same as the Wilson bill, al
sive in its declaration, is regarded by
the repealers as satisfactory. They will
fight for it tooth and nail, and they
will win. They are much elated over
its Introduction. 1t shows that the
senate has at last got something tC
start from-something official, some
thing that does not jar on senatorial
courtesy The stampeders are still
shouting, but their shouts are not sc
loud. They may increase again in vol
ume and bore the atmosphere with
their fanatical breaths, but the re
pealers will keep up stiff upper liz
and win in the end. But for the efforts
of the repealers, backed by the public
the finance committee would not have
acted today. A report went out last
night that they acted yesterday, but
Senator voorhees, said to correspon
dent today that there was absolutely
no conclusion reached yesterday anG
no vote taken. I'VE took it this morn
ing" he said, land there was the best
of feeling all around
| An effort is to be made by the free
silver senators to so cumber the Noor
heeS bank currency extension bill with
amendments as to prevent the debate
on the voorhees, repeal bill taking
place, and the vote to follow, till the
repealers are willing to make ad
ditional concessions. If they succeed
vote need not be expected till dooms
day, but they will not succeed. The
repealers are getting stronger every
and the handful of free silver men who
day and the country more impatient
faLcy they can hold the country at bay
will be disappointed.
In the senate the bill to increase
national banks circulation was takel
up. Allen lNeb.) advocated the adop
ton Of the amendment to suspend the
interest on the bonds on which the in
creased circulation was based. In his
Judgment no bill would commit the
country to the policy of a continuance
of the national banking system and ht
believed that the time would come
when safety would require the over
throw of that system. Mcpherson ar
gued against the Allen amendment a:
Il calculated to defeat the whole meas
ure.
Henderson opposed his colleague:
amendment and favored the immediate
passage of the bill.
Walcott inquired what authorit,
there was in law for the issue of clear
ing-house certificates in New York t
the amount of S37.OO0.OOO.
Henderson did not believe there wa
any.
The discussion Of the bank bill wa
resumed, and PETER made a speed
against the national banking system
After further discussion a vote wa
taken on the Allen amendment and i
was defeated: Yeas IL; hayes 80.
The next question was on the amend
ment offered by Cockrell for the re
} deption at their face value with &C
; crued interest of such per cent bond
as may be presented for redemption