The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1893-08-25
CONGRESSIONAL.
Both Houses Trying to Solve the Financial
Problem-Nothtng Yet Settled.

CONGRESSIONAL.
Both Houses Trying to Solve the Financial
Problem-Nothing Yet Settled.
THE silver debate was resumed in the house
on the 18th q very small number OF members
being present Mr.. Wheeler concluded his re-
marks. Mr. Morse rep. Mass-) followed and
heartily approved the views expressed by the
president Mr. Harter SO) favored the repeal
Of the Sherman law, and MIR. Hendrix (dem,
n. W advised congress to repeal the law and
adjourn.
WHEN the senate met on the 18th Mr.. voor.
hees introduced n bill authorizing national
banks 10 issue notes TO the full value OF bonds
deposited, a measure recommended by Secre-
tary Carlisle, who SAYS II will adj sl9 OOO 90 to
the circulation The house joint resolution for
the payment of session employees WAS passed
and numerous bills on silver were introduced
and referred as was also one for the annexation
of the Hawaiian island Mr.. Vest called up the
resolution offered by himself in favor of bimet-
allism and the free and unlimited coinage OF
both gold and silver and addressed the senate
on the subj ect go. The silver debate was re-
sumed in the house Mr. Boatner LA spSke
in favor Of free coinage, followed by Mr.. Layton
(Oj in favor of the repeal OF the purchasing
clause OF the Sherman act and relying upon the
judgment OF Congress to subsequently pass
law which would bring permanent relief Mr..
Patterson Ten spoke in favor Of repeal and,
Mr.. Bailey CTex) favored free coinage.
IN the senate on the 18th Mr. voorhees, re-
ported back from the finance committee the
national bank bill introduced by him allowing
banks to issue bills for the full amount OF bonds
deposited The bill went over and the senate
took up the resolution for the payment of
employees of the senate and house. which
(under objections from Mr.. PETER went TO the
calendar The Montana senatorial case was
considered for time and Mr.. Lodges bill re-
pealing the Sherman act was taken up for de-
hate. Mr. Lodge spoke in favor Of IL and was
replied to by Senator Wolcott Coli. who
favored free silver The resolution was laid
aside and Mr. Holr Mass spoke against Mr.,
Vests bimetallic resolution The question was
the cause of desultory discussion until ac-
journment.. e.. In the house Mr. Burrows Mich
offered n resolution giving Charles T.. Belknap
the right to contest the seat of George +. Rich
ardson from the Fifth Michigan district which
was laid over. The silver debate was then re-
sumed, Mr.. Hutchinson TEX concluding his
speech in favor of free silver. Mr.. GrosvenOr
rep, o. spoke against free silver. and Mr..
Blanchard favored il Mr.. Hall mo spoke in
favor of a greater volume of currency and of
free coinage The debate continued until ad-
iournment
THE day in the senate on the 10th was de-
voted to members airing their views on the
financial situation Mt Henderson introduced
two financial bills which had been sent to him
Mr.. voorhees, said he would not call up his bill
to enable national banks 10 increase the cir
culation TO the amount of their par value Of the
bonds deposited by them, but would tomorrow
Thursday. Mr.. Cockrell offered an amend
ment directing the treasurer to pay to the hold
ers of two per cent bonds, who present them
for redemption, their face value, with interest
MIR. Sherman stated the objections which oc-
CURED to him against the amendment The
moment treasury notes were paid out on those
bouds, which were not due, and the interest,
which was no burden to the government, the
notes would be presented to the government
and payment in coin demanded. That would
be an unbusinesslike proposition ana would
complicate the situation. Mr.. Berry (Ark.)
then addressed the senate in favor of the
double standard OF gold and silver The Lodge
resolution then came up and Mr. GIllinger
spoke against any change in the tariff until
March, 1897 -. Debate was continued in the
house. Mr.. Bryan (Neb) making the speech OF
the day in favor of silver Mr. Henderson
UowaD also advocated silver. MIR Moses
(Ga.) spoke against the repeal bill and opposed
the proposition to raise the standard from 10 TO
l to - to l.
WHEN the senate met on the 18th numerous
petitions were presented both for and against
the unconditional repeal OF the Sherman act.
Mr. Gallinger offered n resolution calling for
Montana senatorial case was taken up ana Mr.
Pasco spoke against the right of the governor
to appoint after the legislature had failed 10
elect The matter finally went over until Mon
day. The house joint resolution for the pay
ment OF employees passed, the death of Repre-
tative Chapman. Of Michigan. was announced
and The senate adjourned ... The debate in the
house was spiritless Mr.. Daniels IN. "
favored the repeal of the purchase clause of
the Sherman law. Mr.. Cooper (Fla) spoke in
favor of the Wilson bill and against the free
silver propositions Mr. Goldzer IN favored
repeal The death OF Mr.. Chapman of Mcili-
igan, was then announced aad after eulogies
the house adjourned
IN the Senate on the ist h q long communica.
ton was read from the secretary of the
treasury on the subject Of gold and silver pay
ments. stating that on several occasions recently
gold coin had been presented at the treas
ury in exchange for silver dollars. and that the
exchange had not been made because silver
dollars were required to be held in the
treasury TO cover outstanding silver certificates
and treasury notes ard that at present the de-
partment would not. and could not, exchange
silver dollars for gold Mr.. Voorhees, reported
from the committee on finance a bill to discon
tinue the purchase of silver bullion and declar
Ing II to be the policy of the United States to
continue the of both gold aud silver as
standard money. Mr. Allen. (Neb advocated
his amendment TO suspend interest on bonds on
which the increased circulation is based Mr..
Mcpherson spoke against 1t After debate Mr.
Aliens amendment WIS rejected Pending con
siderdtion the Senate adj burned until Mond ~.
80. The silver debate was resumed in the house.
Mr.. Sibley (Dem. Pa) mixing a speech in
favor of bimetallism- At the conclusion of Mir.
Sibley's remarks MIR CItchinys, from the COM
mittee on rules, reported a resolution authoriz
ing the appointm mt of committees BY the
nd fpcr efrr- of fnsar
portant committees Debate was then re-
sumed Among those advocating free silver
were Messrs. Simpson (kIn) and Morgan
(Mo.)