The Butler weekly times. (Butler, Mo.) 1881-1918, 1893-08-24
NOW IN THE SENATE.
4 Repeal Hill introduced Into
h. Upper House
But i. Declares i5imetallism TO
br the Nations Policy.

to the floor ui H." St:!ate. The
finance committee reported to day
the ine asur- rsre..d upon last night,
which Is frame Il on tue Hill bill and
winch repeats the Sh,rnan law, but
pledges the government t. the poll.
cy of binir talisn. At the same ti;ne
the minority of the committee pre-
, seuted a report recommending
substitute bill providing for the fee
coinage of silver at the ratio of 20
to l. 1t is impossible to predict
when the Senate will begin the dis,
cussion Of these measures. ;.her
side appears t. be in a hurry to
force the question, as each side is
evidently uncertain of its numerical
strength. The only significant de
velopment WAS the arrayine of Sen
ator Voorhees, on the side of the un-
conditional repeal men, but the Indi-
ana Senator explains his position by
saying he thinks unconditional re
peal of the Sherman act will relieve
the financial stringency aud that the
battle for bimeta!lism eau be fought
out hereafter-in which contest he
will be found on the side of bime.
tallisrn.
The full text of the bill is rs fol-
lows, omitting the enacted clause:
That SO much of the act approved
July IA, 1890, entitled AN act di
recting the purchase of silver bul
llou aud issue of treasury notes
thereon, and for other purposes, as
directs the Secretary of the Treas-
ury to purchase from time t" time
silver bullion to the aggregate
amount of 100000 ounces, or SO
much thereof as may be offered in
each month, at the market price
thereof, not exceeding one dollar
for 81 25-100 grains Of pure silver,
and to issue III payment for such
purchases treasury notes OF the
United States" be and the same is
hereby repealed,
Aud it is hereby declared to be
the policy of the United States tc
continue the use of both gold and
silver into money of equal intrinsic
and ex changeable value, such equal.
lity to be secured through interna
tional agreement or by such safe
guards Of Legislation as will insure
the maintenance of the parity in
value of the coins Of the metals and
| the equal power of ever dollar at al.
; times in the markets aud in the pay.
, ment of debts; and it is hereby furth
! er declared that tie efforts of the
government should be steadily di
!, rected to the establishment of such
! a safe system of bimetallism as will
, maintain at all times an equal powe,
of every dollar coined or issued by
J the United States in the markets
and in the payment of debts.
Senator Voorhees, will not, as be
had originally intended. ask the Sen
. ate to fix day for the vote on the
: bill. He said this morning that be
, did not think vote would be had
on it for some time, as there appear
ed to be disposition on the part oi
Senators to debate the measure fol-
an indefinite time.
Mr.. Voorhees,, chairman of the
, finance committee, concurred in the
, necessity Of action ou the nationa
bank bill. He had heard the taun,
GO around that he was seeking to dc
something i'll the interest of the
national banks He was seeking
nothing of the kind. He was seek
ing to avail himself of their power
of their interest, of their capidity il
order to increase the circulating
medium and thereby to meet the
pressing wants of the laboring peo
pie. It was not bill in the Interest
| of the banks. There was no though,
or inspiration of that kind in hi
mind.
| After further discussion the mo