The sun., 1893-08-19
., ,b,, .v...m. and .b. vtpins Of Il

overthrow Of that system. and The yiping Of !
tenths q the people Of Nebraska were. he de
clared unalternhly opposed TO anything look
ing to the pcrpetuation OF the national bank
Mr. Stewart Rep. New declared that the
sherman act must not be repealed until The
METAL metal provided for He hoped that tn. pend.
e satSps T9ad snS ss them Ss wss
time. however. for the national banks to ask q
Ss'Ss sSunf n II sa sc wa"
made in good faith il would not be the fault oi
D S YS5 I %cRd fRs. rss TSpa s. f5ss to sts
Mr. Msrherson DH% as,nes s%e.r ,Sd 2,
Allen Amendment, as calculated to defeat the
WHOLE measure. x, A.
.nendment and favored the i'm m edisfe rass,
age Of the bill. 4 quisk relief was demanded.
6sD % sSsT 70 sSa, be o
people o. Nsbraska being opposed to ihs :, ns. ,s
last report q the Comptroller Of the Currency.
showing that there were in that state
capital .stoct q ten millions and with
deposits agEreEnting oyer twenty mill milli9ps ss y;
nine out OF every ten in Nebraska were op.
posed to the national banking system, As to
the enormous, profits which national banks
email the real profits are and pointed to the
clined from s:Sj2 1000. 900. its highest figure, to
$172, ,0CO,OUQ
Mr. Pueh Dem. Ala;) suggested that SUCH
being the fact. he could see no reason why the
Government should not resume its proper CON
tss nsons bsssed an IN their Suspes
Mr.. Manderson said that when the time came
TO act on that question he would probably be
He only hoped that the Senator from Alabama
would mot be found at that time fsvorine the
Mr.. Woieoit rep. CoiI inquired what au-
thority there was in law for the issue Of Clear
ing Hou.e certificates in New York to the
Mr Manderson did no. believ. that there VA,
any. The banks had been driven to It by tho
Mr. Msfherson , DEM. =. J, explained tha.
these Clearing House certificates were not
SesSesn ee IN the 5snf 5snfs her Sa 70 ' e'
After further discussion. vote was taken on
Mr: Aliens am.pdms4ns. and It was so rejected
pairs announced. The senators. voting, for
ths Nssr XVI. Aan sste
PnGh. fi and nd. test a said that they Would have
The mex, question was on the amendment
offered by Mr. Coo ckrell Dem. Mo- for the re-
81 such al ee @ BE-
presented for REDEEM ption and TO issue green
backs to pay for them.
p1oa The amGndmenS fo vas opposed By Mr.: Nc,
Rep. Onto The latter charssterized it it, as an
of the / nited States could not increase its de.
mand liabilities It would be unsafe to TO it.
pef %h6
would he sS snT sbs In nnep The
81 sinef bullion had caused the hs IN
London on account OF the fear at one timetne
paid in silver. That had caused distrust and
doubt as to the purpose OF the Government 10
sueh prSpostion m Would ID S shase the founda uH
tion OF the Gorenments credit. Nobody
doubted that the Government was strong. rich.
powerful. and able to maintain every dollar "
its money ana pay IN gold and silver coin: but
It was not able 10 ASSUME new obligations now.
What manufacturer. what banker. what citi-
gen would now assume new obligations
Debts were Gerilous now.
ence in the Governments liability between
green backs and national bank notes. because
the holder q national nat on !. bank notes could de-
msnd gold for the greenbacks. i was case
Of tweedledum and tweedledee. The question
increase Of currency should be made by the
Government or should be percolated through
Mr.. Hawley iTep.. Conn asked Mr.. Cockrell
Sa ne SeSSd t stop at the re-
the whole rational debt and Issue Greenbscks
Mr. coekrell-That question is not here now
II Is no, involved in this proposition
Mr.. Hawley-It is right here.
1t is obvious" said Mr. Voorhees,. that We
cannot get vote on the bill tonight"
=" / hope we can" Mr.. Morrill, interpose
90 think it is impossible" said Mr.. Toor-
hees. and am told by Senators around me
that 1t is impossible. The air is very close and
heavy. and rose to suggest an executive ses-
sion"
The Senate thereupon proceeded to executive
business. first allowing Mr.. Butler Dem. S.
C to offer an amendment to the Bank bill re-
State banks.
The Senate adjourned till tom orrow.