The sun., 1893-08-15
MONEY BILLS IN THE SENATE.
.rx,,on yooRnEEs OFFERS ONE 10
INCREASE THE CURRENcT.

n. Allows National Banks TO Issue No'es TO
a.. r.. y,iue or Their bonds and Has
IN, Endorsement Of the Adr'inis'rn"on-
s,u,,cr Pener Wants the Government '"
r.,,. $500, 900 900 OF Fiat Mouey-senn-
,o- vest Introduces - Bin Providing ior
al. ,,,,,r, or the silver Bullion In the
,r.U- Also Speaks His Re-oi
. ,,,,,,,,p th. Parity Of Gold aud
snvor-senator nui 0her- he'o'u"o"
,,., No LEGISLATION Other than Mat Per-
,,,,,,p 20 Finance bo Considered nj the
Extra se-sion-rhe Debate u" the i''"'''
y.su,xoroS. Aug, 14.-The Senate met Mt
80 ,ri,b not more than half the number OF
Senators present. but with tho galleries pretty
vell filed When the journal was read inc
House Joint resolution for the appropria'e
commemoration OF the hundredth annlVersars
OF the laying OF the corner stone OF tne ,api'o'
of tho United States on Sept. IL. "a' was ro-
ceiyed from the House and passed.
MAJ neti,,ons were presented and referred
,or tho repeal OF the purchase clause oi 'he
ah.rmnn law, some condtionaly ana soihe
unconditionally: quite as many against 'he
reneal: several for the freer use oil silver us
Iepnl tender in the United states ana lor 'he
.nnoirtmont OF a Commission to consider nm
.aonn,to ,Ian OF currency. and somo for the
free coinage of silver ut the ratio OF ~ TO l.
Mr.. Perkins tReJ.. CALI presented various
memorials from tho San francisco ohamper
OF Com I'm erce for tho enactment OF suos'i'u'e
for the purchasing clauses OF the oher
act; for tho annexation OF the hn"anah
Islands. and in favor of the Nicaragua Canal.
Mr., Voorhees, (Dem.. Ind). Chairman OF the
Committee on Finance. introduced and had re-
fcrred to that committee bill to provide ior
the issue OF circulating notes OF na'iohal
banks. 1t reads 40 follows:
"a. II .nac.ed &c That upon any deposit already or
hsrea...r made OF any United states bonds bearing
inter, in the manner required by law any h"'on"
banking association which has made or shai here"te
make the same. shall be entitled to receive rom t"e
Comptroller OF the currency circua'hs notes VI 'n'
ant denomination in blank. registered anu counter
sign ed as provided by law not exceeding III the "no
amount in circulating notes mus issued" the par 'n.
of the bonds deposited: provided mat at no the sh"
the al Of noes Issued to any 6neh asso
citation exceed the amount AZ s"eh "io "'"' f
in as its capital STOCK.
Accompanying the bill was the following
letter from Secretary Carlisle:
TnrAsrnY DEPARTMENT OrrIcE OF rnE sfcpsTARr
WARRINGTON. u. q. Aug. II, 1898.
Hon. D. W Vo,rhen.
MY DEAR SIR; Your favor OF the 10th inst enclosing
form of bill ito provide for the tssing OF circulating
Secretary of the Treasury to the advisahay OF s
massage is received The enactment of such alaw as
proposed would enable the national ohhks TO issue ana
put In circulation " o'. % o -, s.. ,hon, siu
% M.n VI. Is..,, T., .,,i,ion 70 The anount now
,sr,v.a nrd th,s IN nv o,inion would afford n
x.rv considerable measure OF relief to the country
under existing circumstances Therefore recommend
the passage Of the bill Respectfully yours
j. g. CARLtsLr. Secretary.
Mr. Mitchell tRep.. Orr introduced resolu-
ZION IN the ha'ui ", W al ,. :.
olution offered by Mr. vest ins' "esk 10 man
tain the parity OF gold and silver. The resolu-
tion declares IL 10 Dc the sense o' wy .."
and House that no change oe mace In '"e 'ai.'
Inws during the Fifty-third Congress. pre-
,,,a -. ,ha rosoIution r,cites that the Ameri-
ample TO .he fesou oato, nns r,nidIv @ advanced
can policy OF protection mas rapiuly huFanceu
the United States from the poorest and weak :
sst 20 tho richcst and most powerful among
siSilisea sss "o nations and that the mere probab
Hv of n change of our customs revenue laws,
a. n,orJonco with tho declaration of the late
Democratic platform. has plunged the country
into its present unfortunate industrial and
0noncol condition. resulting in closing fac.
tories stopping tho wheels o. industrial enter
PRISE running credit creating financial no,s a's, s.
trust ana pane. anu '"to~amS ., ,nrnn. n"nt'' VI
thousands of laborers out OF m employment @
r..
- -; ,.,.r;,, - tn ha tho
bic and resolution aee.ar,nG ,h 10 5".r y" sns ~,
right OF tho people to expect ana the duty Oh
Congress to enact suitable legislation for re-
,s a., ,,,.tIs ~ th. rorstitut,on IN th.i,
storing the het"'s VI '"e 0ons'.'u'i o w ~ 10
coordinate part OF the monetary system OF the
Governm,nt and on a ratio or plan that sh al
sacnra thar marty or exchapceability with
secure 'he'r pat"' VI eN'""'I W."
each other: and instructing the Finance Com
mitteo to report Mt the earliest day practicable
In ,,,I, .aoaIin, tho n,roh,sinr c,ause,
Din or Di'ia rcieu.ins VI. ~. .,'H.s U.s. 'n9e % "
OF the sherman act. providing ior the use
both gold and silver rs tho standard money
the country. and for the coinage OF totl
gold and silver without discriminating aGains
either metal and repealinE the prohiDitor!
tax on Stnie banks,
Mr.. Gordon asked that the resolution lie OF
the table for the present. and gave notice tina
he would hereafter address the senate uron It
Mr.. hill OF Now YORK oNered Dill repeating
the Federnl election laws: the repeal how
ever. not to affect any pro 'eeding or prose
cution now pending under said act. TN
Mr.. Butler lDem.. =. G. introduced Dill re
pealing the Stntc bank INK.
Mr.. PETER tPon. kan.l insrodmre ed hill pro
vidinG for a further issue OF S3OOOOO.oOo Q
fiat money. oxchanGeable ior Government