Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1893-02-18
PROCEEDINGS OF CONGRESS.
WAsHINGToN, D. C., AL. Is.
SENATE.

w ASHlNGTON, u. L., teD. Is
SENATE.
Immediately after the routine morn.
ING business the consideration of the
sundry civil appropriation bill was re.
sumcd-thc pending question being
Mr.. Mills's amendment to the Sherman
3 per cent. bond issue amendment. N[r
Mills's amendment being to strike out
the words latter five years from their
date.') The amendment was defeated
without division. The Vice Presi-
dent then put the question on Mr.
Shermans amendment and announced
that it was agreed TO- Bat Mr.. Stew
art then realized what was being done
and said that he and the Senate had
been taken by surprise, and that he de-
sired to address the Senate on the Sher
man amendment. At the suggestion
of Mr.. Hoar both amendments were
considered as still open; and Mr. Stew.
art proceeded to address the Senate.
After speaking for more than an
hour Mr.. Stewart moved to amend the
amendment by adding to it these
words. 'and the bonds issued under
the provisions of this act shall not be
used as security for the issuance of M
tional bank currency.
Mr.. Palmer advocated the Sherman
amendment and related ali anecdote
of which he was reminded by the
speech of the Senator from Nevada.
The son of pious mother said to her
one day "Mother | wish there was no
hell"
"Why my boy %
~ cannot do q thing but that You
tell me if I do it l will go to hell and
be burned in everlasting fire and brim-
stone"
At this point of the story, Mr.. Stew
art broke in with the inquiry, DO You
not appreciate that danger now?n
Laughter.
NO, sir!'' said Mr. Palmer.
Mr.. Vest spoke in support of Mr.
Stewards amendment. With his CON
victions on the subject he could not
vote, he said, for any proposition that
looked toward any extension of the
national banking system, as now organ
lied.
The discussion having closed Mr.
Mills's amendment TO make the bonds
redeemablc at the pleasure of the gov
ernmen0 was rejected, and Mr. Ste%-
arts amendment, Chat the bonds
should no. be as a basis for national
bank circulation was also rejected
Mr.. Pugh moved to amend the Sher-
man amendment by adding oita pro.
viso that none of the bonds should be
is ued and sold until the amount Of the
coin redemption fund" should here
duced to $25, 100000 by the actual re.
demption of Treasury notes ; and that
no greater amount should be sold than
would be necessary to keep the re-
demption fund equal to $50, oOo.oo0i in
coin. He said that his amendment en-
bodied the policy for which the late
Senator Beck, of Kentucky, had always
commended.
Mr.. Pugh's amendment was rejected
Mr.. Vance moved to amend the Sher-
man amendment by adding to it pro-
viso repeating the tax on State bank
circulation.
Mr.. German moved to lay Mr.
Vance's amendment on the table.
The motion was agreed to.
Mr.. Brice offered an amendment re-
curing all issues of L. ;. notes, issued
and circulating as currency TO be main
tanned alta parity and interchangeable
at their nominal value.
Mr.. Sherman stated that not only
had he 10 objection to the amend
ment, but he believed that that was
now under the act of 1890, commonly
called the Sherman acD, the law ofthe
land.