The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-19

could not exchange silver dollars for cold
II requested 10 CO 50.
voorhees, reported from the committee
on nnEnce ein to discontinue the pur-
ehase OF silver bullion and declare is To he
the policy 10 eoEtinue the use OF both gold
AID silver a. standard money. VOORHEES,
SAID there was necessity for action on the
nsiional bank bill. He had heard taunt
inaf ne Was seeking 10 do something in
tae interest of national banks. He was
seeking nothing of the kind he was seek
Ing to avail himself of their power, inter
est ana eupidity. in or Ter TO increase The
eiFcussiing medium and thereby meet the
pressing wants Of the lahoring people. Ii
was not bill in the interest OF banks.
Vest, on uehalf of the minority Of the
nnanee committee, presented q substitute
Tor the repeal bill. The substitute fixes
the number of grains of silver in coins at
4Si LILO pure silver per dollar, and proper
tionateiy for half dollars, quarters and
dimes.
VOORHEES, gave notice that he would call
up his bill and address the senate on Tues
day.
The bill for the increase of national bank
circulation was then taken up. Allen of
amendment offered hv him last Wednes-
day. 10 suspend interest on bonds on
which increased circulation is based. In
his Judgment the bill would commit the
country TO the policy of continuance of
the national banking system, and he be-
lieyed tIie time had come when safety re-
CURED the overthrow OF that system and
Its wlping ont of existence as speedily as
possible Nine-tenths of the people of
Nebraska were, he declared, terribly op-
posed TO anything looking TO perpetuation
OF the national banking system.
Stewart addressed the senate and gave
the history OF the recent DEVELOPMENTS in
the silver question at home and abroad.
lie hoped the pending bill would be
stripped OF every Objectionable feature and
then passed. Mcpherson, from the IL
nance committee. argued against all the
amendments IS calculated TO defeat the
whole measure
Manderson opposed his colleagues
amendment and favored the immediate
passage OF the bill. He totally disagreed
with his colleague that nineteenth. of the
people OF Nebraska were opposed to the
national banking system.
Pugh saw no reason why the govern
ment should not resume its proper constr
tutional power and issue all the currency
which the people needed in their business.
Wolcott inquired what authority there
was in law for the issue of clearing house
certificates iii New York to the amount of
$37. 600. 600.
Manderson did not believe there was
any.
Discussion of the bank bill was resumed
and PETER made speech against the Ma
tonal banking system. After further dis
cussion vote was taken on Aliens
amendment and it was rejected. yeas IL.
nays 80.
The next question was on the amend
ment offered by Cockreli for the redemp-
tion at their face value and accrued inter-
est OF such per cent. bonds as may be
presented for redemption, and the issue of
greenbacks TO pay for them. The amend
ment was opposed by Mcpherson and
Sherman. Cockreii replied to Sherman
and advocated the amendment. After
some further debate the senate went into
executive session, first allowing Butler to
offer an amendment to the bank bill, re-
peaiing the 10 per cent tax on state banks.
When the doors reopened the senate ad-
journed until Monday.