The herald., 1893-10-07
eENATE paoUEEDINGs.

Blackburn Offers a Substitute for the
Silver Repeal Bill.
WASHINGTON, Oct. Elm the uenate
today Blackburn of Kentucky offered
substitute amendment to the bill re-
psaling the silver purchasing clause of
the act OF 1890. 1t strikes out the Voor-
hees substitute, leaving the bill as it
passed the house, and then provides for
free coinage of silver OF American pro-
duction. The secretary of the treasury
is authorized on the frat day of each
month to establish the eeigniorage to be
charged for the following menth, which
is to be the difference between the mar
ket price OF silver bullion and the
minted value after coinage. This
seigniorago is not to be coined, but to
be cold by the secretary Of the treasury
for gold to be used Tor the purpose Of
maintaining The parity OF gold and siI-
yer. =
Allen (Pop.) of Nebraska oEsrsd .
resolution (Which went over) calling for
information as to whether the govern
ment since March, 1875, borrowei l any
money.
The resolution heretofore offered by
Peffer Pop. } OF Kansas Tor select COM
lulJttC ~ luQuttG Whhb lCkloi6tl 0ad
necessary to improve the banking eystem
of the country was then taken up, and
Stewart (Rep.) OF Nevada epose on it.
He confined himself to q criticism Of tho
secretary OF the treasury for failing to
purchase 1880 00O ounces OF silver per
month. The debate was continued by
PETER.
Mcpherson (Dem } OF New Jeeaey-
moved the reference of the resolution to
the committee on finance. 1t wac 40
referred by vote of So yeas to IS naye.
The resolution offered come davB ago
by Morgan (Dem.) of Alabama instruct.
ing the committee on judiciary TO report
whether any provisions OF the coinage
act OF 1887 were in force, was laid before
the senate and agreed to without dis-
cussion.
The repeal bill was taken up this aft
ernoon. Mcpherson (Dem.) of New
Jersey gave office that no wonld address
the senate upon the bill Monday.
Call (Dem. J of Florida resumed his
speech against the bill, begun Wednes-
day. A
Gall made a lengthy argument in
advocacy of the amendment Suggested
by him requiring oil the eilver ballion
in the treasury to be coined into do!-
lars, half dollars and quarters at the
existing ratio OF 16 to l. He alsoloo
with favor upon the amendment pro-
posed by Blackburn, and lengthy dis
cussion ensued between polph Of Oregon
and himself as to the effect OF these
amendments.
Pugh called attention to the email
attendance, but on roll cali q quorum
appeared.
Butler (Dem.) OF South Carolina fol-
lowed, going into long argument in
favor of che amendment which be sub.
mitted some time ago, repeating the tax
on state bank circulation. Another roll
call was necessary to procure quorum.
Teller (Rep.) of Colorado then took
the floor on the repeal bill and resumed
his speech in opposition begun some
time ego. Teller said ho believed evil
dence was produced sufficient to justify
the statement that neithcrtho secretary
of the treasury nor the president in
tended to interfere to prevent the fnan-
cisl disturbance that was somewhat APP
parent ae early as lant April; if the
senators were not misinformed the pres
ident had more than once declared that
tho people should have an object Lesson
in order to bring about an enactment
into law OF certain financial views.
Teller yielded for an executive session.
after which the senate adjourned.
The Henate today confirmed the nom
ination of t. ]. Ross, 40 poatmaster at
Flagataff, Arizona.