New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-09
THE PROCEEDINGS IN DETAIL.


FOR REPEAL-oTnER MEASURES PROPOSED.
Washington Aug s.-The first bill OF the session
was introduced by senator Ill., of New York Its title
was To Repeal Certain Sections Of the Act Of July
ID 1890" II referred without reading to the
Committee on Finance. The next two bills were In
troduced BY Senator stewart, OF Nevada. Ihelr
titles were ITO Restore the Right Of Coinage and
ITO Supply the Deficiency in the Currency Tile
latter bill read in full. 1t directs the secretary
OF the Treasury issue silver certificates equal IN
amount the silver bullion I'm the Treasury purchsu
under the act of July IA. 1890 In excess vi '"e
amount necessary at its coming value TO redeem the
Treasury notes issued under that act and to use the
same to provide for any deficiency III the revenues Vi
the Government, the surplus of such certificates TO
be used in the purchase of per cent bonds al ther
market price. not exceeding II per cent premium.
Senator Stewart said that he desired to call 'he
attention of the Finance Committee TO the latter JILL
It's purpose was to give Immediate rerel lhere
was q currency panic now, banks were being ciose"
and masses of people being thrown out OF EN-
ployment The repeal of the sherman act might OF
might not do good. He thought that 1t would 90
crcat harm and add much to the present hhahcih
troubles. II currency were put out " "ouiu
of,rd much relief There WAS surplus "l Ffo'
900 900 OF silver bullion IT. the Treasury WHICH oo
no coined. but there authority to issue GER
,,Acates against it until 1t was coined lis Dill 'iso
nrovided he said for the issuing OF 500 coo'ooo
T,oasrrv notes TO pay for bonds, TO be deposited
tv hanks as security for the notes Inc ho'es co"'u
no afterward retired with the bords ms "oulu sNc
ebout 81 10000 900 of increased currency anu "oiu
Give immediate relief. The Senate should not delay
action when the country was in such state Oh Pho'
II would be unparotlc for any man to get up us
crss,or NOW Dut the silver men did not believe that
they coud allow the sherman act 10 be rop'fieu, Nv
cause they believed that that woud be the enu OIL i
yer coinage forever. They could not agree 10 mat
and they cond be expected 10 agree TO II. But meg
did not MART hc put I'm the position OF coh'ehuie
against what was absolutely necessary at the present
time He WAS in favor OF any temporary measure
that voud give RELIEF mean time the discus
sion Of the whole ,al question could go on AZ
the close Of Mr.. Stewards remarks his bils were TO-
ferred 10 the Committee on Finance
Senator Vest introduced bill 10 fix the numper OF
grains Of gold and silver in the gold and silver COINS
y, tbe United States the silver dollar to contain
464 40 grains OF pure silver, or DIG grains OF
standard silver. lie also offered JOINT resolution
setting forth that the American people, from traduoh
and interest favor blmetalsm; that 1t Is The es'aD
,,shed policy OF the United states TO maintain the
partv between gold and silver, and that 1t was the
du,v Of Congress speedily 70 enact such laws as will
eSoctuate and maintain these objects. lie VIII speak
upop The resolution in day or two
Senator Lodge introduced the following RESOLUTION
aWhereas Congress has been called Ill EXTRAORDINARY
session on account OF tie unfortunate CONDITION Of
hns,ness and whereas, some measure OF reIlel can
- detained hv the immediate and unconditional re
,ooI NJ the purchasing clause OF the silver act OF
1900: therefore resolved, that the Committee on
FINANCE be instructed to report at once 10 e Hone
bill TO repeal the purchasing clauses OF ,ne 'Ner
Art Of 1890; and that vote be taken in the senate
on the said bill on Tuesday. August - at cioch
n m unless II Is sooner reached
several Democratic senators exclaimed sarcastcally
ss the resolution was read That is too far on
Senator Hnnton, Of Virginia. offered bills repeAins
Tho sherman law providing for the purchase Of not
moro than 81 DOC 600 worth OF silver bullion moh'h
and authorizing the coinage OF standard SILVER uoi''
Of 42O grains repeating all acts and parts OF "c'' us
Estimating in taxation against the CIRCULATING Vi
notes OF State banks and state banking concerns PRIV
v,ding for an income tax OF 40 cents on e'ch ~iV"
onad nv per,ons or corporations in excess OF ~oov
senator Hale of Maine, offered resolution hXihs
tho hour Of daily meeting OF the Senate at'er To-
morrow at IL a. III. He said that the iTeSu'n' la"
very aptly and in uncertain tone gwen puS"''N'
n The senate and to the IiouSe TO attend TO- ana
lid ouo,., The maxim that lie gives twice who gives
:.u,cklv- His object in Offering the resolution wa
fo strengthen the President, hands by increasing W.,
len cth OF the working daY ana mus deereaog i'o
,nntor of DAYS tina. must elapsc before Inc ad"p.i"
80 thn LEGISLATION which the President recommended
If the senate were to TAI" 'o" W ro , py Mr
IH a"a Which he thought that thirds OF tlr
RcnEbllCaI senators would favor; 10 O'Clock MI,
- sn,.or bour % meet than II lie "'A
wr,ipg 10 modify his resolution accordingly; H.,
snpatop Gormin of MARYLAND rc.cn,@d Mr; ,in@
remarks as p5 ~ ,,tics he said. That had suggested
the resolution. The soma unr' mo b"t s,drS yrr"
divided in opinion aS 10 '"' r''p''
pSspe;or ua,c-Mv proposition is serious propo
st,on II 81 made with the view ~ ,h,
The hands Of the President, NAT 'T he mineS OF in nv
dn,bied and not uncertain tones !, j. . Snp ury
s1a utu NO, he able by tanning " win scch- w.
"ower ~i 10 deter this side OF the chamber from S"
ing snat"r Worries chairman of The Fins1c ,D,
mite" said Tint that committee "o'iu " '""''"'
inc Gay '' RRrrrpliicans-wly not tomorI"w
senator VOORHEES, shall issue tr aa" 10 iatr nm
for the committee TO nee, re on he taken mp far
from me spccies Of CHEAP d"magogy, Sn,rpc win
have been listening TO- TIE m ana t IL, Si1ic snc
ges,d nv the senator from Maine Is amazing J" '''
Senate Of the United states. o,,oonv Mr.. VOORHEES,
said the matter should be- approachcn III r,n -
spirit not In the spirit OF )2ceesSW, Maine he hoped
movement 0f the senator FROM 'i"'''' "
would meet no imitation hereafter +, come o. the
Mr. sherman of ohio. sid that IN SOM p ~:
remarks Of The S SssTsa 'f Sn the senate ought 70
meet tho question presented DIV u'g fn,ynrss For
moderation delbcration candor AM C nny political
Sshste bit he would now that me ac, ,sd hV
was now sought to be reversed hd Decn arecng 10
MY for The free courage OF silver II Inc ,ehn ,c
rom indiana and HIS friends were PREPARED -n w.
sc, p.n,b,icon Senator's would concur WIN n' III,
Tins they would remove ic fears and prrlS OF ah,
position from the publ n a,an IN, In.' pcrils
aenotor Voorhecs-Dors the senator !hIiHS o ,u.
~ measure should bc disposed OF without r,p'" ~,
=. and beirc considered by 'he ''"'"'''
Senator shermanNo. sir do not .o bn, pci n,
ssan ne when The senate like every other body !"
over eighty mem will he compelled 10 md 10
expedlent (by a majority vote OF putting u" '"' "