The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-02-19
Sherman's Amendment to the Sum-
dry Civil Bill to That Effect
Adopted.
Purpose Being to Issue Bonds to
Keep an Adequate Gold
Supply.
A Remarkable Change In Public senti-
ment Followed tho Visit Of DeLes-
seps to This County,

WARRINGTON, Feb. 18.-The senate, after
routine business, began the consideration
OF the sundry appropriation bill, tho pend
ing question being on Mills' amendment to
Sherman's three per cent bond issue
amendment making said bonds redeema-
BILE at the option Of the government. The
amendment was defeated without division.
The vice president then put the question
on the Sherman amendment and an
nouneed it agreed to. Stewart objected to
the manner in which tho amendments was
declared agreed 10. and at the suggestion
OF Hoar both amendments were considered
as still open. Stewart then spoke more
than an hour, denouncing Sherman's
amendment as tho most wicksd and revo-
lutionary scheme ever invented by man for
laying the rude hand of legislation on the
accumulated precious metals of the world.
He moved to amend by adding, And bonds
issued under the provisions OF this act
shall not be used as security for the is
suanoe OF national bank currency"
Palmer advocated the Sherman amend
ment. At the close OF the discussion the
Mills amendment was rejected without
division and Stewards by vote Of thirty
two to twenty-one. On motion of German.
Vance's amendment to the Sherman
amendment, adding thereto proviso re-
pealing the tax on state bank circulation,
was tabled, Brice offered an amendment
requiring issues of:Unitsd States notesto be
maintained at parity and interchangeable
at nominal par. sherman said he ac-
quiesced in the amendment with pleasure.
In response to an inquiry from Teller,
Sherman said the amendment included
silver certificates. gold certificates. treasury
notes, and paper money issued by the gov
ernment. but called attention to the fact
that bullion certificates are not included.
Brice after wards modified the amendment
80 as to make it read: ''And also to main
tain at parity and interchangeable
At nominal par, all and every series of
notes of the United States issued and orr
culating rs currency. including treasury
notes, gold certificates. silver certificates,
currency certificates. and treasury otes of
1890, now or hereafter outstanding.''
Allison said he would vote for Brice's
amendment. Teller opposed it. McPher-
son argued against the Brice amendment,
and Brice Rnid that in Difference to the
Judgment of his seniors in the senate he
would withdraw the amendment. The dis
cusslon finally closed, and vote WAS taken
on the Sherman amendment. 1t was
agreed to-thirty to sixteen.
The amendment is as follows To enable
the SEQ etary of the treasury to provide for
and maintain the redemption of United
States notes according to the provisions of
the act of Jan. Ia, 1875, entitled an act to
provide for the resumption of specie
payments; tho sum of $4,000 is ap-
propriated; and at the discretion OF
the secretary he is authorized to issue,
sell and dispose, at not less than par in
coin. either description of bonds author
lied in said act, or bonds and notes bearing
not to exueed three per cent interest, paya-
BILE semi annually. and redeemable at the
pleasure of the United States after five
years from their date with like quantities,
privileges and exemptions as provided in
said act for bonds therein authorized, TO
the extent necessary to carry said resump-
tion act into full effect, and use the pro-
ceeds thereof provided for in said act and
none other.