The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-08-29

| receive coin At the Treasury. But the people
Of the United States know that sreenbaeks ar
Mr. hui tbe@- \. Y yrs this proposition tn,
same &C what is known as the Johnson bill II
Mr. Cockrell-Not at ALL
Nj; Hill-In what respect does 1t diher from
Mr.: Coekrell-I have not seen the johnson
Pin but haze seen LII hs letter on The sb sue pc
would lose all the interest on it while held y
the Treasury while my amendment wouiG
the interest, which would place him on tbs
same terms as the national banks now have
people have rights as well as national tanks.
am willing to give them all the rights they
mr.. iiiii-Eoes the Senator think that the
general Government ought TO issue large
tbeiI hene eSchSpSed fof ro 9hf Without Bro
viding an additional gold reserve
Mr.; CockIeil.I hold that any honest Just US
tain its credit and honor by the issue Of non
interest bearing obligations will keep as N UGH
81 its debt in that form as can be maintained
Mr.. HiiiNDoes tho Senator think It wise on
gold reserve at all for the redemption oiGreen-
Mr. Ceskrell-oh. yes, coin reserve. 49,
ton and Of gold bSss
ought TO be largely extended without some in
/ crease OF the. gold reserved
/ NoChIcii AZ VIM 10 VIC ohht OuISSNNh VI
NJ. Tili-That !. one ob,ce:ion
will ;aiS abon, Il. This bin PROPOSES 70 allow
national banks 70 issue sla. ooo0o additional
sery
Mr.. Hiii-Where do the holders OF national
Mr.. Coclrel-At the banks. They have
right to demand greenbacks. and they have a
Mr.. HiIl-Eut. under this bill! there is to be
Nc new issue OF Greeneacks
money for the people then. You want to re-
strict the currency.
The discussion went on. but did not develop
any new ideas. except that Mr.. MCPHERSON
why. under the bill, the ADDITIONAL national
deposit OF additional bonds and through fthe
issue up to their face value to sloQ.ouQU04i.
the S
Sase was laid before the senate. the question ION
tabIe M. henderson M tion toreconsiderthe
vote Whereby the senate decided last week
that Mr.. Mantle was not entitled to the seat.
Shortly before the N after was taken up Mr..
Morgan entered the chamber and was vel
coined back by many senators
The vote was tax EN- and resulted: Yeas 81:
nays ~ So the motion lay on the table was
Before the announcemen emit OF the resul. Mr..
Hill demanded that as there had been SO
much confusion about nairs. statement
she4d ns he mass o. the Pis SO ths
delay necessitated by reference 10 the re-
porters notes. the pairs were stated as fol-
AId5.sh ana HErns Allen n,. an: ooiqu..i German
M Mitchell lorsJ ana quay. Doiph and Cary. Harris
The following is the vote in detail
YeAs-Berry cArery. Call Camden. Coke n7cm.
% Slfss.sa S sss. fF- w Incur ssIDhy
c.f and niR Wsi,. Isl A '''n '-," "n'e'
~. ,.. s HI assss t R; ,sss: 4 II, g gs
N.vI Martin, Morgan. rrrrrE, Frtin. F.:rS,.:.
z.i,-. wAth.l and Hoos "" Total s. 7'''@
The vote was then taken on the original
resolgt 3 as spended and it was -, agreed to.
declaration that Mr. Mantle is not entitled to
the scat
John B. Allen TO seat from the State OF Wash
ington claimed under similar circumstances.
actly the same vote 81 to q:
No action was taken on. the third case from
the State OF Wyoming. Mr.. Becswith having
The consideration OF the National Bank Cir
eulation BIZ was then resumed. ;he question
ting the deposit of United States bonds and
the, withdrawal of their face value in green
Mr.. VOORHEES, Dem. Ind Chairman OF the
Conn ittee on Finance advised the friends 2;
that to- to- orrow the Senate would be engaged !
In other business. aud then This bill. as a
minor feature Of the e1t5a9Tdnary session;
that had Brought Congress i@ss!hsr. IL IN;
that he proposed this national bank bill. and
,s vote up9n il, AMI depl2red the The, delays
In the eo na q daoGps
sition 10 Increase tho circulation Sl0.0Ou0O0.
provided the national banks were allowed to
Mr.. Mcpherson said that while the argument
Q, the Senator from Missouri was very en-
tockIell's ,anendment The greenbacks that
would be issued would be turned into the
Of the ,hus
Mr.. Cockrell-The Senator from New Jersey
knows very well that there would Lot De dol;
not underline to get under that handy cover.
He SHOWS that the holders OF bonds, who
green baets on them. w@uld not return turn me the
ggreenhasks to the Treasury for enc or Two or
Of contraction in that WAY.
M Palmer Dem. H. argued against the
Hs the new ps
new responsibility, The present was no time
for such a radca! change. the result OF which
much the proposed issue would m cunt to- 1t |
might be twenty millions. it might be nifty |
was doubtful experiment. and no did not |
wish TO expose the country to that peril,
W ME ldiIDNT was speaking the Il0TE OF /
the House was announced at 3 so with a |
that the House had PASSED the bill to !
repeal part of the Sherman act. The bill was |
i'm medlntely on motion OF Mr.. Voorhees,. re- !
ferred to the Committee on Finance. who said |
that there would be meeting OF the commit |
tee tomorrow. when there would tie very |
prompt action in connection with the House |
bill ard with the measure already reported
rom the committee
The discussion Of Mr.. Corkrell's amendment
was resumed. and Mr.. Palmer repeated aud
I'm phasized the objections to it, pointing out
The danger OF converting the bonded debt.
which Was now a time obligation. into q de-
maud obligation. without even consulting the
q the Urea. ury orknowinG the con-
iition OF the Treasury. His argument was
,ombAted by Mr.. Allen tPop. Neb.I. who ia
'ored the amendment and denounced the ma
ional banks as institutions that were eating
he lives out OF the people.
Without action on the amendment the Sen.
tie projected to executive business, and at
?. NJ adjourned until tomorrow.
The Gold Bullion In the Treasury to ne
Coined.