The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1893-08-18
The SENATORIAL SNAG
A Tie on Silver in the Finance
Committee.
LITTLE PROSPECT OF EARLY ACTION
Another Day Of Debate in Congress and
Gossip Outside-A Proposition to Have
the Government Guarantee Nationsl
Bank Depositors.

WASHINGTON, Aug. I6.-The Commit
tee on Finance of the Senate held a meet
ing yesterday at which for an hour and
half the silver question in its various
phases WAS discussed. The only result of
the meeting was that foreshadowed, au-
thorizing Mr.. voorhees, to favorably report
the bill increasing the circulating notes of
National banks to the par value of the
bonds deposited. In the committee room
there was some very persistent opposition
70 the reporting Of this measure by Nessrs
Vance, Jones OF Arkansas, and Harris OF
Tennessee. The discussion only tended to
show that the Finance Committee was
far removed from common ground on the
question Of general legislation on the finan-
cial situation and the repeal Of the pur-
chasing clause of the Sherman law In par
ticular. Ii was decided that with the
long time between the meetings of the
committee the members could never come
TO an understanding, and II was agreed
that the committee should therefore, be-
ginning with tomorrow, hold daily ses-
sious The members OF the committee are
as firm aud As unyielding a. the day they
first met. The anti-silver men on the
committee are Senators sherman, McPber-
son, Morrill,, Allison and Aldrich. The
silver men are Senators Harris. Vance.
Vest, Jones Of Arkansas, and Jones OF
Nevada with Mr.. Voorhees,. the chairman,
holding the balance Of power. How he
will vote may decide the action OF the com
mittee. He has said that he is in favor of
the repeal OF the Sherman law, either with
conditions or without that he will vote
for it without conditions, but by so doing
does not give up his allegiance to silver as
a money metal He has said that the vote
on the repeal wil not indicate the stand
ing OF the Senate on the question OF BIZ
metallism at all, and for that reason is
willing TO go on record in that way. On
the other hand should the ultra silver men
agree upon some measure, not too radical
in its character, it is said that possibly Mr..
VOORHEES, might 20 with them. So far
the committee is divided on lines that show
the extremes Of the proposition. The sill
YER men insist that they will submit TO
nothing but free coinage at the present
ratio, and the other side with equal em-
phasis assert that the only thing they will
endorse will be the unconditional repeal OF
the purchasing clause.
WASHINGTON, Aug. l5-In the Senate
yesterday several important bills were in
troduced.
Mr. Hill, OF New York, offered q very
brief bill repeating Federal election laws;
the repeal. however not to affect any pro-
ceeding or prosecution now pending under
said act
Senator Butler introduced bill repeal
ing the State bank tax
sir. PETER, of Kansas, introduced a bill
providing further issue of $500, 600, 600 Of
fiat money, exchangable for government
bonds At par.
Senator Chandler. reintroduced his bill
Of last Congress. establishing additional reg
ulations concerning immigration to the
United States.
Senator Voorhees, introduced bill to in
crease national bank circulation, which is
as follows.
BE it enacted, etc, tha. upon any de-
posit already or hereafter made Il any
United States bonds bearing interes; in
the manner required by law, any national
banking association which has made or
shall hereafter make the same. shall be en-
titled to receive from the Comptroller of
the Currency circulating notes OF different
denominations in blank, registered and
eountersigned as provided by law. not ex-
ceeding in the whole amount in circulating
notes TINS issued the par value of the
bonds deposited; provided shat at no time
shall ths total amount OF such notes is
sued TO any such association exceed the
amount at such time actually paid in as its
capital stock
Senator Hill introduced . resolution,
which lies on the table, declaring the sense
Of the Senate that nothing but financial
legislation shall be undertaken during ths