The Forrest City times., 1893-09-01
CONGRESSIONAL.
,,..,, Houses Trying to Solve the Financial probIem-Nothing Yet Settled.

"a of little interest Senator MorriH spoke ,s,or of the repeal of the Sherman act nn a to aid the San Francisco exposition passed s.n v Cbandler offered a resolution that there MI m lawful election for senator by the legis- .a Ns. of Kansas. which was referred Mir ia.ort offered resolution calling on the sec e.r, of the treasury for statement as 10 the uror bullion purchased in July, 1893, which as s agreed to The bill discontinuing the pur 'nase of silver bullion was then called up and s,er Morrills speech Mir Voorhees, had Secre- sasr carlise's letter as to the cost of recoinage saad In the house MT. Powers (Vt) spoke " favor of the repeal of the Sherman act Mir ,I.orer (Mss) opposed the unconditional re-
 a, Pending debate the speaker announced ise standing committees, after which Saturday aos set apart for general debate. MT Cooper Ind then spoke against free coinage Mr Alexander (N. @ advocated 1t, Mir Sperry onnosed. Mir Cox (Tenn.) favored ii. and Mir. Settle (N. @ opposed free coinage but favored s,metallism The evening session was devoted ,o further debate on the financial question
 THE great event in the senate on the 22d was .,e sneech of Senator Voorhees,. He made a strong appeal for the repeal of the Sherman act hut declared in favor of bimetallism as the nolicy of the country He severely denounced rational banks, defended the state bank sys- tem and advocated system of limited states notes for general use and state bank
 
 eolution of the present problems because it xould give a sufficient volume of currency, on a nractical specie basis guaranteed also by pub lie honor and would destroy all power in the hands of individuals corporations or syndicates to cause fluctuations in the amount of circula- tim rendering panics and business distress i'm possible. He also favored carefully adjusted and graded income tax. MT. Voorhees, spoke for over one hour and half and was followed bv MT. Palmer in favor of repeal The national hank bill was taken up but went over without action Mir Peffer offered a resolution calling for information as to the conduct of national banks in New York, Boston and Philadelphia which went over .... Debate on silver continued in the house Mir Hopkins UIL) favored un- conditional repeal Mir. Hepburn date comp ,roller of the treasury) created surprise by disagreeing with his party colleagues and de claring against the repeal of the Sherman act A joint resolution passed extending 10 the Cherokee outlet the provisions of the act pro- yiding for townsite entries in Oklahoma. The silver debate was then continued until ad- iournment
 IN the senate on the 2,d Mir. Pener's resolu- tion calling on the secretary of the treasury to explain why the banks of New York, Philadel- phia and Boston were permitted to pay depos- itors in certificates was taken up and long de- bate followed which developed much opposition to national banks The resolution finally went over The Montana senatorial case then came up and resolution declaring Mir. Mantle not entitled 10 a seat carried by s ayes to 30 nays, but motion to reconsider left the question un- decided at adjournment. ... The debate con tnued in the house on the silver question but was dull and unnteresting. The only thing of interest being the surprise created by MT Can non (lll), who spoke against the repeal Of the Sherman act
 INthe senate on the 24th the vice president announced Senators Voorhees,, Sherman, Ran som, Chandler. White. Squire and Martin as a committee on the commemoration of the loOth anniversary of the laying of the corner stone of the capitol The house Joint resolu- ton making the act of May l4, is)o, as to town sites, applicable to the Cherokee outlet, was reported with an amendment requiring the trustees appointed to be residents of Oklahoma and placed on the calendar. MT Pener then addressed the senate on the financial situation He held that the trouble has not been caused by any want of confidence on the part of the people, but by practical treason on the part of class which he hoped would be relieved from the responsibility of stealing from the people He was followed by MT. Allen, who spoke In support of his amendment, to add to the Voor- hees bill provision for free coinage at tee ratio Of l6 to l. and for the coinage, without un- necessary delay of the silver bullion owned oy the government. .. .. Tine silver debate In the
 
 lar interest except an amusing tilt between Messrs- Pence (Col) and Bynum (lnd ).
 WHEN the senate met on the 18th there was good attendance, the event Of the sitting De- ing the speech of Senator Hill tN. I) who ad- dressed the senate. He declared himself Dl- metallist and for free coinage at proper ratlo He favored the repeal of the Sherman act Mir. Stewart also spoke. The house joint resolution extending to the Cherokee outlet the provisions or the Oklahoma townsite act passed without amendment Adjourned until Monday .. The silver debate was resumed in the house MT Cookery (Mo) favored free silver. MessrS Pendleton and Bowers also favored free silver. MT Burrows (Mich) declared the money strln- gency was due to the fear that the democratic party would disturb the tariff. He had no hesi- tancy in voting for the repeal of the sherman law as il was unsound in principle, it's practica workings were q disappointment, and II con tinued would result disastrously 10 the country. MT Springer attributed the financial trouole to the tariff legislation since the war; over'pro- uuctlon. over borrowing and over trading causeo oy this stmdlant, and the demonstration or shVer. He favored the repeal of tae Shernah act and as soon as that had been done ne favored going 10 work to investigate thorough " and formulate properly such a measure us would fully meet the expectations or the peo- pie. The debate continued until adjournment
 THE battle of giants characterized the pro eeedings in the house on the 26th, II peihg tho closing of the debate on silver The heavy ora torieal artillery had been held in reserve 10 pc brought up at the close of the contest ana me hall and galleries were crowded to witness the hnal onslaught Ex-Speaker Reed opened the oebate of the day in an impassionate appeal that was listened 10 with intense interest. lie dla not regard the present crisis as result or the sherman act but one of those periodical occur rences that go in cycles. He declared that the ue mocratic party would be respohsiole TOT what might or might not occur in the future He was wiliiny tn aid in reDealing the obnox-