The Van Buren press., 1893-10-07

the certified check system IN vogue
there since the 14th Of August
last.-Ex.
sun Discussisg the Repeal Bill
The Senate has now had under
consideration for six weeks the
voorhees, Bill, reported from the
Finance committee, to repeal what
IL called the Sherman Act, which
does away with the further pur-
chase and coinage of silver. And
It IL evident TO any one cOnversant
With the situation of this question
IN the Senate that no uncOnditiOn.
81 repeal Of the Sherman Act will
be accomplished, without some
concessions to the silver men of
the Senate. The dogged persist
ence ofthe President in refusing to
consent to any concessions in fav-
or Of silver is creating Q breach in
the Democratic party, that will be
hard to heal up II continued. The
silver men are too strong and have
too much ct stake to yield up
everything, ana it is most positive
j. certain that without concessions
on the part Of the Presidents
friends on this question there will
be no repeal Of the Sherman Act
during this session of Congress.
On Wednesday Of last week,
Senator Jones, of Arkansas, intro
duced In the Senate q compromise
measure, which, if accepted by the
administration will bring the
Democratic party together, as well
~ be acceptable to the extreme
silver men of the West. Senator
jones' bill provides to strike out
I'll after the enscting clause of the
Voorhees, Bill and provides, in
substance, that, there shall be a
commission composed Of three
Senators to be selected by the
Senate, three Representatives to
be selected by the Speaker of the
House, and three persons to be
selected by the President, subject
TO confirmation by the Senate.
The commission shall organize by
the election of one of their num-
Der president, aud the president
10 to appoint q clerk. The COM
mission is to hold it's sessions in
the Capitol and in such other
places as majority shall direct,
and employ necessary stenograph-
ers and employees, and may admin
lister oaths and send for persons
and papers.
The commission is charged with
an examination into the financial
and monetary condition of the
Government and people of the
United States, with a view to de.
vising means for the betterment
thereof, and is given full juris.
diction. l: is charged to specially
examine and report upon, by one
or more bills, the following sub.
jects: The full or partial remoneti.
zation of silver, and a proper
ratio between it and gold revision
Of legal tender laws to prevent
discrimination between various
descriptions ofmoney; State bank
tax repeal with necessary restric.
tiOns; the cause of the present
paralysis of trade, aud the neces
sity of legislation to prevent ma.
tiOnal banks from abusing their
power.
The second section of the reso.
luton directs the Secretary of the
Treasury to set apart and retain
In the Treasury so much of the
silver bullion now in the Treasury
as will be necessary to redeem the
outstanding Treasury notes in com
pliance with the terms of the act
of Jnly IA, 1890, and provides that
the remainder of the bullion shall
hc set apart to be coined, and the
Secretary is required to coin it al
the rate Of not less than four mil
lion standard silver dollars pei
month, which, when coined, sbal
be an asset in the Treasury, ant
while this coinage is in progress
the purchase of silver bullion, un
der the terms Of the Sherman Act
shall be suspended.