The Forrest City times., 1893-08-25
CONGRESSIONAL
votb Houses Trying to Solve the Financial
 Problem-Nothing Yet Settled.

Problem-Nothing Yet Settled.
 uyrN the senate met on the 1ith Mir Voor- ..os introduced bill authorizing national sants 10 issue notes to the full value of bonds snos;ted a measure recommended by Secre. sarv Carlisle who says it will add sl9,0ol 0oO to .sa circulation. The house joint resolution for .be nayment of session employees was passed. snd numerous bills on silver were introduced snd referred as was also one for the annexation ss the Hawaiian island Mir. Vest called up the .asoution offered by himself in favor of bimet- auism and the free and unlimited coinage of hoth gold and silver, and addressed the senate on the subject. ... The silver debate was re- snmed in the house Mir Boatner La) spoke ,r favor of free coinage, followed by MT. Layton Ol in favor of the repeal of the purchasing slause of the sherman act and relying upon the ,udoment of congress to subsequently, pass law which would bring permanent relief Mir. Patterson (Ten) spoke in favor of repeal and, Mir Bailey (Tex.) favored free coinage.
 IN the senate on the 18th Mir Voorhees, re- rorted back from the finance committee the pational bank bill introduced by him allowing hanks to issue bills for the full amount of bonds deposited The bill went over and the senate took up the resolution for the payment of smnloyes of the senate and house, which nnder objections from MT. Peffer) went 10 the calendar The Montana senatorial case was considered for time and Mir. Lodges bill re- nealing the sherman act was taken up for de- hate Mr Lodge spoke in favor of it and was renlied 10 by Senator Wolcott (Col). who favored free silver The resolution was laid aside and Mir Hoar fMass spoke against Mir Vests binetallie resolution The question was the cause of desultory discussion until ad- iournment. In the house MT Burrows tMich) offered a resolution giving Charles E Belknap the right to contest the seat of George F. Rich srdson from the Fifth Michigan district which was laid over. The silver debate was then re- sumed MT. Hutchison (Tex) concluding his speech in favor of free silver MT. Grosvenor trep O. , spoke against free silver, and MT Blanchard favored it. Mr. Hall fMo ) spoke in favor of greater volume of currency and of free coinage. The debate continued until ad- journment
 THE day in the senate on the i6th was de- voted to members airing their views on the financial situation Mir. Manderson introduced two financial bills which had been sent to him Mr Voorhees, said he would not call up his bill to enable national banks 10 increase the cir cuaton to the amount of their par value of the bonds deposited by them, but would tomorrow (ThursdaY). Mr Coekrell offered an amend. meni directing the treasurer 10 pay to the hold. CTS of two per cent bonds, who present them for redemption, their face value with interest Mir Sherman stated the objections which oc- cured 10 him against the amendment The moment treasury notes were paid out on those bouds which were not due, and the interest, whcA was no burden 10 the government, the notes would be presented to the government and payment in coin demanded. That would be an unbusinesslike proposition and would eonpiicate the situation. Mir. Berry (Ark) then addressed the senate in favor of the double standard Of gold aud silver. The Lodge resolution then came up and MT. Gallinger spoke against any change in the tarin until March ls97 .. Debate was continued in the house Mr Bryan (Neb making the speech of the day in favor of silver Mir Henderson Qowa) also advocated silver MT Moses tGal spoke against the repeal bill and opposed the proposition to raise the standard from l6 to to20 toi
 WHEN the senate met on the i7th numerous petitions were presented both for and against the unconditional repeal of the sherman act. Mir Galinger of cred a resolution calling for a report as 10 pension suspension cases. The Montana senatorial case was taken up and MT Pasco spoke against the right of the governor to appoint after the legislature had failed 10 elect The matter finally went over until Mon day. The house joint resolution for the pay ment Of employees passed, the death of Repre- ative Chipman, of Michigan. was announced and the senate adjourned. .. The debate in the house was spiriiless MT Daniels (N. f) favored the repeal of the purchase clause of
 
 favor of the Wilson bill and against the free silver propositions Mir Goldzier GIL favored repeal The death of Mir. Chipman, of Mch- lgan, was then announced and after eulogies the house adjourned
 IN the Senate on the 18th long communica- ton was read from the secretary Of the treasury on the subject of gold and silver pay ments,stating that on several occasions recently gold coin had been presented at the treas all yfr and exchange had not been made because silver dollars were required to be held in the treasury to cover outstanding silver certificates ard treasury notes and that at present the de- partment would not and could not exchange silver dollars for gold MT. Voorhees, reported rom the committee on finance bill to discon' tinue the purchase of silver bullion and declar- Ing It to be the policy of the United States to continue he use of both gold aud silver as standard money Mir. Allen, (Neb advocated Ills amendment to suspend interest on bonds on which the increased circulation Is based MT McPherson spoke against 1t After debate MT. Ailen amendment was rejected Pending con tiaeration the Senate adjourned until MondAy' ... The silver debate was resumed in the house, MT Sibley (Dem., Pa) making speech m favor of bimetallism At the conclusion of Mir sibley's remarks Mir Catchings, from the com mlttee on rules, reported q resolution authoriz hg the appointment Of committees Dy the speaker and increasing several of the most i'm portant committees Debate was then re sumed Among those advocating free silver were Messrs. Simpson (Kan) and Morgan (Mo)
 THE senate was not in session on the isth.... m the house the silver debate was continued. Messrs. McCreary (Ky) and Catchin8s MISS spoke in favor of the unconditional repeal oi the sherman act, and Mir Livingstone tGa favored free coinage. At the evening session MT Curtis tKan.) spoke in favor Of the Wilson Dill (repeal of the Sherman act). and Mir. Clark