The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-09-07
FIFTY-THIRD CONGRESS.
SENATOR STEWART HELD THE BOARDS
IN THE SENATE.
he Made Some Ill-Tempsrsd Remarks and
His Speech Fell Flat-several Miscel.
laneous Matters Referred to Com
mittess-0ther Items.
SENATE.


fore it communication from the sec
retary of the navy in response to
a resolution of the senate calling for g
statement of exports and imports
carried under the several flags engaged
in our foreign carrying trade during
each of the last two fiscal years. The
secretary enclosed a letter from the
chief of ths bureau of statistics to the
effect that the Information could not
be furnished unless special appropria-
tions be made for that purpose. The
communication was referred.
Senator Voorhees, submitted reso-
luton that Thursday, Sept. z, and
until further orders, the daily hour of
meeting be II o'clock. Laid over.
Senator Morgan (Ala.l offered a con-
current resolution creating a Joint
select committee on finance to exam
inc the financial and monetary condi-
ton of the government and the people
of the United States, with O view to
devising means for the betterment
thereof Laid over
The resolution offered yesterday by
Senator Allen calling upon the secre-
tary of the treasury for information as
to whether the treasury had redeemed
any silver certificates in coin was
agreed to.
The resolution providing for the
issue OF additional gold certificates was
referred TO the finance committee.
Senator PETER concluded his re-
marks commenced yesterday.
Senator Stewart (Rep., New fol-
lowed Senator Peffer in opposition to
repeal. He said that in 1867 the mines
of the continent of Europe and those
of the United States were open to free
coinage of silver. He then recited
events leading up to the demon.
citation of silver in 1878.
Referring to the Sherman act Sena.
tor Stewart said that notwithstanding
numerous violations of the Sherman
act by the executive department it
had added $150,000, 900 of legal tender
money to the currency of the country.
There was no evidence that the Sher-
man act had up to this time inflicted
any injury upon the country.
Senator Aldrlch tried to interrupt
Senator Stewart, but the latter tartly
| QecllneQ TO ylelQ,
"Of course it is very aggravating,"
he said, ito have the facts known.
The bankers panic was inaugurated
to force congress to demonetize silver.
The president in his message failed to
inform congress that he apprehended
the evils which produced the panic
that existed only in the i'm Gination
of bondhoiders and bankers ard their
newspaper organs who had
crested the present distress
for their own selfish and sordid
purposes The recent election, Sena.
tor Stewart said, was a sham battle
between the two great parties over
the tariff and force bill to secure
power to be used for another and very
| different purpose. There is an honest
remedy, he said, for the present con-
dition and that is to restore silver. If
that cannot be done utilize the silver
in the treasury by issuing silver GER
tificates The dishonest remedy to re-
lieve distress is to pass the repeal bill,
ratify and sanctify the infamous act of
1878, thus fastening a perpetual gold
standard upon the country.
Before the Nevada senator finished
Senator Morgan Dem. Ala )suggested
that he had been on his feet a great
while and had not yet come to con-
clusion of his remarks and doubtless
had some valuable suggestions on the
subject, he therefore moved that the
senate go into executive session. Yeas
and nays were called for. By a vote
of 35 to 2S the motion was agreed to.
After short executive session the
senate adjourned until tomorrow.
STATE BANK SECURITIES.
WASHINGTON, Sept 5.-.Many and
varied plans OF legislation to fol-
low the passage of the repeal bill nave
been discussed in congress and out of
it, but as yet nothing definite has been
agreed upon by either party. A num-
Der of bills have already been intro
duced and are now resting in congress
to which they were referred There
seems to be a general impression
among its advocates that the security
for circulatio of rates of new banks
under the proposed state laws will be
fixed by about the following PROPOSE
tions: Forty per cent of the govern.
ment bonds, 40 per cent of commercial
or state securities and 90 per cent of
coin. Many of the advocates of extern
sion Of the state banking system under
national supervision however are not
so definite in their proposition as fig
ures would indicate.
CLEVELAND ON STATE BANKS.
According TO Representative Oates
of Alabama President Cleveland is op-
posed to a prohibitive tax on state
bank circulation. When Mr.. Oates |
made this assertion he had just had an
audience with the president. Speak
ing Of the interview Mr.. Oates said
that while am not at liberty to re.
peat my conversation with the presi- 4,
dent, | can say that he is not opposed
to the repeal of prohibitive tax on
state bank circulation.
WANT REPEAL FIRST.
The senate committee on banking
and currency met this morning and in
20 minutes adjourned for one week. 1t
is learned that after adjournment the
president and Secretary Carlisle both
expressed wish that all remedial
legislation to follow the repeal bill
would be postponed until the latter
measure actually passed the senate.
The committee will follow the sug-