The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-02-19
s6o,ooo,ooo OF IS.
The Senate Adopts Sherman's Auend-
ment to the Sundry Civil Bill.

ment TO the SunoFy CiVll Eill.
WASHINGTON, Feb. 1S-The Senate hav-
ing taken up the sundry civil appropriation
bill this morning, was addressed at length
by Mr.. Stewart in oppotition to the Sher-
man bond amendmsnt.
At the close of the discussion Mr.. Mills
amendment to the Sherman amendment, to
make the bonds redesmable at the pleasure
of the government, was rejected without
division and Mr.. Stewards amendment to
ii, that the bonds should not be used as the
basis for national bank circulation, was
also rejected-yeas 2l, nays 80.
Mr. Pugh moved TO amend the Sherman
amendment by adding 20 it provlso that
none Of the bonds should be issued and sold
until the amount OF the coin redemption
fund should be reduced 60 $50. 600 GOO by the
actual redemption OF treasury notes, and
that no greater amount should be sold than
would be necessary to keep the redemption
fund equal to $50, 900, ,000 in coin, He said
that his amendment embodied the policy for
which the late Senator Beck Of Kentucky
had always oontended. Mr.. Pugh's amend
ment was rejeeted-yeas 81. nays 81.
Mr.. Vance moved 10 amend the Sherman
amendment by adding TO 10 proviso re-
pealing the tax on state bank circulation.
MIR. German moved to lay Mr.. Vanoe's
amendment on the table. This was agreed
to by a vote of 40 TO Ii.
Mr.. Brice offered an amendment requir-
ing all Issues of United States notes issued
and circulated as currency to be maintained
at parity and interchangeable at their
nominal par.
MIR. Sherman stated that not only had he
no objection to the amendment, bus he be-
lieved that that was now under the act OF
1890, commonly called the Sherman act,)
the law Of the land. In the act was dec
laration of public policy that all forms
of money In the country shall be
maintained at parity. He believed that his
colleagues amendment was substantially
that declaration and he would vote for it
With great pleasure.
Mr.. Teller-Do you include silver certifi-
catesl
Mr.. Sherman-Silver certificates, gold
certificates, treasury notes and all paper
money issued by the government.
Mr.. Teller-Then it is proposed now that.
in addition to the S346 100000 Of green
backs that are payable In gold, and in ad-
ditiOn to $l30, 100000 of treasury notes,
1927 900, 900 of silverl certificates are to be
included. It seems TO me that that legisla-
tion will eventuate IN placing a very
great burden on the treasury department.
These silver certificates are now circulating
as money and are now redeemable 10y law
| or in practioe) in gold. and do not see any
necessity for redeeming them in gold.
Mr. Vance said Mr.. Brioe's amendment
could only, 1t seemed to him, be made In
| the interest of embarrassing the treasury
because il IL were found difficult to main
tain sufficient gold In the treasury to res
| deem $346, 000. 900 OF greenbacks that diffi-
| Guilty would be much increased by requiring
also the redemption Of S400, 600, 0G0 or $500,
| 900 Of silver certificates. The question
became then one too appalling to Oontem
plate.
The debate was INTERRUPTED at AIS O'CLOCK
| byA short executive session. and when thu
! doors were reopened tbs debate was re
| sumed.
Mr.. Brice's amendment was withdrawn
The discussion was finally closed and q
vote was taken on the Sherman amend.
ment 1t was agreed to-yeas 30, nays 16.
1t is in these terms:
To enable the Secretary OF the Treasury t,
| provide for and 20 maintain t1e redemption o
| United States notes according to the provisions
| Of the act approved Jan. IL, 1855 entitled "AI
| act to provide for the redemption Of specie nay
ments,' $50, ,00O, 900 and at the discretion Of tn
secretary he is authorized to issue, sell and dis
coin, either OF the description o
bonds authorized in said act or bonds of tn
| United States bearing not TO exceed per centun
interest, payable semi-annually and redeemabl
| at the pleasure OF the United States after fiv
| years from their date with like qualities priv
| leReS anu exemption provided In Baid act 10
| the bonds therein authorized to the extent nee
essary to carry said resumption act into ful
| effect and to use the proceeds thereof for tn
| purpos IS provided in said act and none other.
Following is the vote in detail:
YEAs-MeSsrs. Aldrich. Allison Brice, Caf
| fiery, Chandler, Cullom, Davis, Dixon, FELTON,
| Frye, German. Gray, Hale, Hansbrough, HaI
ris, HRwley, Higgins, Hiscock, Hoar. Mcmillan
| Mcpherson, Morrill,, PerKins Sawyer, Sherman
| Stockbridge, Villas, Voorhees,, Washburn an
| White-30.
NAYs-Messrs. Cate, Call, Cockrell, Coke
| George. Gordon. Jones OF Nevada Kyle
Mitchell. PETER, Power, Pugh, Shoup, Stewart
| Teller and Vest-56.
No further action was taken on the sun
dry civil appropriation bill, but Mr.. Alisol
gave notice that he would ask the Senate t
remain in session Monday until the bill wa
passed.
The Senate, at o'clock, adjourned.