The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-18
The Finance Committee to In
troduce a Bill Today.
1T WILL DECLARE FOR SILVER.
A Vote to Be Taken on the Appointed
Senator's Monday Afternoon.
Democratic Senators stiii Blocking the
Way OF the National Bank Bill
Dreary Proceedings In the House.
Without . Quorum.

WAsHISsros CfTY. Aug. 1.-THE meet
ng of the senate finance committee today
was attended by every member. and con-
.iusions were reached which may enable
The committee TO report u repeal bill to-
arrow. There has been from the day the
h.fpittee first met a difference of opinion
,h.tsa the silver and anti-silver men
ard sl,,rently could not be reconciied.
sion ef tbgh there has been a free discus
nearer sett,atter these differences are no
cree hegsn ent than when the confer
VOORHEES, todsr rhe attitude of Chairman
,ra, on the coroweyer, gave the silver
sad he would yotstee little hope. for be
repeal bill provided report favorably
tion coupled with it f6re was . oeciara-
bill. when reported, wifi me laiiisin. Inc
declaration and the vote 2ntain sucn
be reported is estimated n'en - WI.
the committee at six to Eve. snoers u
consisting of Harris, Vest, vane' nino."y n
Arkansas and Jones of NevadAo oars gr ~
the committee adjourned all had b" n.h
stantially agreed upon except:the.wos'aN
of the bill. At the meeting today a dass
of the declaration for bi-metaliism W.
submitted. which favors the continuanc.
in use of both gold and silver, TO the ex
tent of existing coinage. as unlimited iega
tender. and declares thai all our forms o
money. whether gold, silver or paper
should be maintained at parity and equa
in purchasing power. II will further de
clare that every effort shall be put forth t.
secure an international agreement for tn.
adoption of fixed ratio between gold ant
silver.
The only obstacle to the finance commit
tees bill to allow national banks to issu,
currency to the par value of bonds de
posted by them in the treasury is Cock
rell's amendment directing the secretar,
per cent. bonds by q new issue of green
backs. Cdskrelt calculates that more thar
SO. 900 900 of the SIS. .0O0, 900 of these bonds
will be presented for redemption, and thu.
an issue of more than so, ,o00. 600 in green
backs will be put in circulation. 1t i.
understood that he has also in reserve
several other propositions that viii not bs
pleasing to the national banks or theil
friends. The new Democratic senator
from Nebraska. Allen. Is also prepared tc
attack the bill with an amendment for the
suspension of interest on bonds deposited
by national banks as the basis for In.
creased circulation.
An abstract of the reports made to the
comptroller of the currency showing the
condition of the national banks in the
United States July IL. has been made pub.
lie. A comparison with the statement oi
May shows decrease in individual de-
posits OF Sls3. 600, coo; in loans and dis.
counts of $i37 900 900: in specie of sol Onn
600, and in undivided profits of SIS. .oo0, 600.
Senator Mcmillan introduced a bill to-
day TO provide for the more extended uss
OF gold. 1t amends the statutes oy reduc.
ing from $40 to s. the minimum issue OF
gold certificates for gold and bullion de.
posits.
The purchases of silver today were l6a,-
coo ounces at ~ S.5 cents.