New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-31
MINOR PROCEEDIN IS IN TIE ShNA T..
MR.. TELLER RESUMES MS ATTACK ON T"i
NATIONAL BANK SYSTEM

vrosh,roton Aug. 3o-In the Senate to-day Mt.
Nandcrson dRcp. Neb). presented n'V"''' ''''
from all the National banks OF 'm"h'' ~" ''
tho immediate passage Of the Nh r'P'"''''E ,'''
nurchasc clauses OF the sherman act 'NI"' ''''''
,ha belier that such repeal viii <" lar 10 "'''7
Wv -, 60 ,b. ,,rceeut serious financial disturbance.
,, alec oeking for such legislation as ahall put
gold and silver on party
Other petitions on the same SUBJECT WI
rrasentcd among them III" resolutions ""'i""
NJ a public meeting held al the fHt" N''"'
Hotel New York. protesting against 'n'
le,s attacks ON the sherman law. ana dci"'"''"s
the prorlpt fulnlment Of tho pledges 81 inc i''''
cratic National Convention for the free c"inas"
Of gold and silver. Ti"T" wer" presenter "
Mr. Cockrcu dem. MO- go
Mr. Vance dem. y. 80. member % the RI
nance Committee. gave n0i.c" mat h' "'''' "n
dress the Senate next Friday %" ,h' ''P'', "'.'
Mr. Stewart pop. Sew of resolution
r.bicb was on his own motion. referred to the
FINANCE committee directing the Secretary Of
the Treasury to inform the senate how u" rove
nues since the beginning OF th" present '@'"'
wear compared with the estimates
After Mr.. Shcrmgn's address IN" ''p''' OH wa
,,ld asrNo and the National Bank circulation bill
was taken up to allow Nj Teller h'cp' '''h 10
finish the speech which he had 'esun yesterday
Mr. VOORHEES, gave notice. however. that after ~"
,,orninr business Tomorrow hc would 'tk the
Senate 70 take up the repeal bili. ana ""ulH 40
So from day To day
Mr. Teller said that J." assumed 'f'm h'"f-
paper articles which be- quo'od'. ihat >'h'"e
had been Organize! carly in the f"a~"n ih NJ"
York for the pur,oe. Of creating 20 nnh''i" p'"'
,ba, youd compel. 80 an extra s'.-ioH. ~" repeal
Of tho purchasing clause OF Tire Sherman i'' j."
,r,,ld no. have, any one infer thai ia" hdnh"fS mai
intended 10 create the condition % AFFAIRS thGt no."
existed buj De- did believe that ih'V h"' u
tended +, create d,-trust that would rr"l the
Preeiden. to call Cougrcts ~ 'Atr'"' Hh'i} ''
sior and thus secure action. hrst "n H." repeal
~ the purchasing clause. aal second "' u" P'''
,ion of issuing q large amount - ''"''rhin 'H'
bonds But the panic hI. g1". .i"'t li"i" 'n''"
-hev had rather ov.riouc IN" uu ir'.H 'nl hai
,tghternl TIE people more than th"y bal In-
tended to DO Sow They had nobody hut t'm-
s,i,,s ia blame and thoy should not complain
II. attacked the %ationa banks declaring thAt
o.. baoL.s Of issue they had been as great i.i"r'''
, ,hev had shown themselves 20 hc as banks "i
d.,os;t and banks 90 ~ nang'. u" va" opposed
q, ,he extension of H." b. rkirg *ys,rm II IN con
1uct Of the banks recently could b" taken as 4
cr,,o,io, Of what they would 30 in Tie future.
he was opposed To- tn extension "i inc SNS''"'
for any purpose. Th" control of the paper money
~, the co,utrv shold not be- lodged IN any cor
,or,,!on or any Individual u was the Ir"s"gatlVr
~ the United state 10 issu" It's own currency.
lie would not ~ his vote. pat any Ii"ie power
ir,o tho hands of the banks If IN" country II"
,.nulI not enable them any '"nSrr /" It"i$ ~
the business of the country as my were "oi'b
to-day. - - ., -. ...., ,h, c.,n,t.
,.,nt into oxecutlyr session. aud. Whoa ihr co"l3
,ver,. 0.cncd It . O'Clock, aCJO"iH''I