The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-08-16
BUREAU OF THE SENTINEL.
WAsHINGTON, -. q. AZ

BUREAU OF THE SENTINEL
WASHINGTON, D. c., Aug. s.
The silver fight is on. 1t began in the
senate today just as soon as the presi-
dents message had been read and re-
ferred. Senator Voorhees,. chairman of
the finance committee, was naturally
brought conspicuously to the front.
Mr.. Hill Of New York was the first
senator TO get in a bill for the repeal Of
the purchasing clause Of the Sherman
act. Mr.. Stewart of Nevada followed
with two other bills (and a speech) on
the same subject. In the speech he de-
clared himself against the repeal Of the
Sherman act. and such repeal would,
he said. destroy silver coinage forever.
A resolution was offered by Mr.. Lodge
of Massachusetts. directing the commit
tee on finance 20 report a bill for the
repeal of the purchase clause Of the
Sherman act and providing for a vote
on the passage of such bill by Aug. %.
If not sooner reached. This resolution
was supplemented by one offered by
Mr.. Hale of Maine, fixing the hour OF
meeting Of the senate from and after
Thursday next at II a. m. These resO-
buttons precipitated a discussion in which
several of the leading senators on both
sides Of the chamber participated. The,
went over without action and will b
laid before the senate tomorrow. In the
course Of the discussion Mr.. Sherman
declared himself in favor Of a full and
fair debate without limitation or closure
and Mr. Teller said that the debate
would not come to an end in thirty days
or even in sixty days
This. in brief. is the history Of the
days work in the senate. The discus
sions were marked by a far greater
show of asperity than is often seen in
any but the closing hours of the session.
Everybody seemed desperately in earn
est, and there was a tone to affairs
which gave promise of bitter words and
sensational scenes before the session
closes.
The Day In Detail.
AS soon as the presidents message
had been read a large number of petit
tons for and against the repeal of the
Sherman act were presented and re-
ferred. Then it was announced that the
Introduction Of bills was in order.
The first bill of the session was intro
duced by Mr.. Hill Of New York. Its
title was ITO repeal certain sections OF
the act of July IA. $780, 1t was re-
ferred without reading to the committee
on finance.
The next two bills were introduced by
Mr.. Stewart of Nevada. Their titles
were: ITO restore the right Of coin
age" and Ito supply the deficiency in
the currency" The latter bill was read
In full. 1t directs the secretary Of the
treasury to issue silver certificates
equal in amount to the silver bullion in
the treasury purchased under the act
of July IA, 1880, in excess Of the amount
necessary at its coming value, TO re-
deem the treasury notes issued under
that act, and TO use the same TO pro-
vide for any deficiency in the revenues
of the government, the surplus of such
certificates TO be used in the purchase
of 4 per cent. bonds at their market
price, not exceeding II per cent.
premium.
Mr.. Stewart said that he desired to
call the attention of the finance COM
nnittee to the latter bill. Its purpose
was to give immediate relief. His bill
provided, he said, for the issuing of
100000, 900 Of treasury notes to pay for
bonds TO be deposited by banks as Sc
curity for the notes. The notes could
be afterward retired with the bonds.
That would give about $3.50, 600, 900 of
increased currency and would give i'm
mediate relief. The senate should not
delay action when the country was In
such a state Of panic. 1t would be I'M
patriotic for any man to get up "A dis
cussiOn now. The silver men did not
believe that they could allow the Sher-
man act to be repealed because they be-
lieved that that would be the end OF
silver coinage forever. They could not
agree to that and they could not be
expected to agree 10 it, But they die
no want to be put in the position OF
contending against what was absolutely
necessary at the present. time. He was
IN favor of any temporary measure that
would give relief and in the meantime
the discussion of the whole financial
question could go on
At the close of Mr.. Stewards remarks
his bills were referred to the committee
on finance.
Greek Bearing Gifts.
Mr.. Hale of Maine offered a resolu
ton fixing the hour of daily meeting
OF the senate after tomorrow at IL a
m. He said that the president haC
very aptIy and in no uncertain ton,
given business to the senate and TO TIT
house to attend to and had quoted TIT
maxim that "he gives twice who givei
quickly" His object in offering thu
resolution was to strengthen the presi
dents hands by increasing the length
of the working day and thus decreasing
the number Of days that must elaps'
before the adoption Of the Legislation
which the president recommended. Their
was no senator on either side who did
not desire, as soon as his duty could b'
performed, TO avoid the heat Of THU
Git might be pestilentiaD city and Z
HE him home. There was no grea
business interest of the country that did
not demand. as the president had de