The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1893-08-18
BREAKERS AHEAD
Bill to Increase National Bank Circu-
lation In Dagger From Amend
ments.
Next Week Promises TO he a Lively
One In Discussion OF the Repeal
Bill.
Senator Voorhees, VIII Introduce q
Measure Similar to That In the
House.


WASHINGTON. Aug. IL. The bin Of
the finance committee OF the senate to
allow national banks to issue currency
to the par value of the bonds deposited
by them in the treasury is fairly
launched on its voyage in the senate,
but is sure to experience very stormy
weather that will retard, If it does not
prevent, its reaching port In safety.
There are already two stormy capes in
sight, and 1t viii take good manage-
ment to get round them without dam
age. One of these obstacles Is the
amendment offered by Mr., Cockrell,
directing the secretary Of the treasury
to redeem such Of the outstanding 2 per
cent bonds as may be offered, and to pay
for them at par and accrued interest
by new issue of greenbackS.
Mr.. Cockrell calculates that If his
amendment be incorporated In the bill,
and If the bill become q law more than
$20. .00O, 900 of the ga, 900, 900 Of these
bonds will be presented, and that thus
an issue Of more than go, ,0000. 600 In
ereenbacks viii be put in circulation.
1t is understood that he has also In re-
serve several other propositions that
will not be very pleasing to the national
banks or their friends in the senate.
The new Democratic senator from Ne
braska, Mr.. Allen. 10 also prepared TO
attack the bin with an amendment for
the suspension Of interest ON the bonds
deposited by the national banks 40 o
basis for the increased circulation.
There are, therefore, lively times ahead
of the bill, and Mr.. Voorhees, will have
TO put forward all his resourcesa to pre-
vent Its being swamped in the senate.
The House Discussion.
When the discussion of the silver
question was resumed in the house the
advocates of the free coinage Of silver
had talked four hours more Of the %
hours so far occupied i'm the discussion
than their opponents. There have beon
few occasions in the course of the de-
bate when Speaker Crisp stated he
would give the floor to m advocate OF
the Wilson bill, no one was ready to
speak on that side. There has never
been any loss of time ON the part OF the
advocates of free coinage 90 far as no
ticed.
The eloquent and elaborate effort of
MIR. Bryan, it 10 said, will be answered
for the repealers next Tuesday by Rep
resentative Fellows OF New York.
The last week Of the debate promises
to be very interesting and the attend
ance is likely to test the capabilities Of
the galleries to their utmost. Already
they are well filled, the usual number
of visitors drawn by curiosity being i'm
creased by the ranks Of the unsm-
ployed, who find in the benches COM
Portable place to spend their leisure
hours. There are indications that ex-
Speaker Reed will accede to the re-
quest Of the anti-silver Democrats and
maze speech in favor OF the repeal of
the purchase clause Of the Sherman
law.
Mr.. Daniels opened the days debate
In the house with speech urging the
unconditional repeal of the purchase
sections OF the Sherman act. Mr..
Daniels was followed by Mr.. Cooper, 3
Florida Democrat, who announced
himself as opposed to every propagation
made by the silver mon ana for uncon-
ditional repeal.
Mr.. Goldzier Of Illinois followed Mr..
Cooper with speech in favor Of repeal.
At the conclusion OF his remarks the
death Of Representative Chapman was
announced by Mr.. Weadock Of Mich.
igan. The usual resolutions were
adopted and the house, as q mark Of
respect, at l:5O p. N. adjourned.
The Senate.
WASHINGTON. Aug, 1S.-After the or
dinary routine morning business In the
senate the report on the Montana SEN
atorial care was taken up, aud "a ar
gument was made by Mr.. Pascos OF
Florida against the right on Mr.. Mantle
70 his seat under the governors ap-
pointment.
Senator McMillan Of Michigan intro
duced . bill to provide Tor more en-
tended use OF gold BY the people of the
United States. 1t amends the statutes
by reducing from 30 to 15 the mini
mum issue OF gold certificates for gold
and bullion deposits.
After more discussion Of the Mantle
case the senate adjourned as . mark Of
respect upon the announcement OF Rep
rssentative Chipman's death.
Hiount Leaves FOr wasninRron.
San Francisco, Aug. IS.--Minister
and Mrs. Blount and Ellis Mills have
left for Washington. Mr.. .Blount re-
ceived telegram calling him direct 10
Washington, where be win supplem emit
his report with personal testimony.
EYE ~------------------- s
F'risoaers Killed.
New YoRK, Ang. IL. The Worlds
Ban Salvador dispatch says: A number
q military prisoners Belonging to ths
command Of Colonel Flores, who was
r0C0ntlv ehnt HMkxxn6 fos Sn<Rar<r th~s~