The record-union., 1893-01-10
NATIONAL AFFAIRS.
The House Coinage Committee at
Work on Silver Measures.
ANDREWS BILL ORDERED FAVORA-
BLY, REPORTED.
Commissioner Raum Estimates the
Pension Deficiency at Over Thirteen
Millions of DoIIars-Measures Dis
cussed Before the Senate and House
Yesterday.
Special to the RECoRD-UN1oN.

Special to the RECoRD-UNToS.
WASHINGTON, Jan. 9.-The House
Committee on Banking and Currency to-
day, by decisive vote pushed the Andrew
banking and bullion purchase repeal bill,
together with the Gate amendment for
the coinage Of silver bullion now in the
| Treasury, through the committee, and
ordered a report to the House. This was
done in pursuance OF 4 plan of the op-
ponents of the Sherman Silver Act to get
the repeal measure on the calendar at the
earliest possible moment. in order to
work out practical legislation at this ses-
sion, if possible.
Another significant feature of the meet
| ing was that motion by Cox Of Tennes-
see to carry out the State bank paragraph
in the Chicago platform was doieated-11
to l.
Townsend of Colorado offered the Stew
art free coinage bill. This was voted
down. Townsend also moved that the
committee give those III favor of coinage
an opportunity to be heard before the
committee. and that the Secretary of the
Treasury, Director OF the Mint and others
be asked to appear. The majority was evil
IDENTIFY opposed to all delay, and the motion
was defeated-S to 1. The members who
voted in favor of the bill were Bacon,
Wike, Gate, Dickerson. Sperry, Cobb,
Walker of Massachusetts and Russell of
Connecticut. Those voting against it
were Cox of Tennessee, Kendall and
| Townsend, Brosius of Pennsylvania not
voting. The members not present were
Ganty of Ohio, Busey and Henderson of
Illinois.
The bill agreed upon provides that
national banks, upon deposit of interest
bearing United States bonds, be entitled
to receive circulating notes to the full
par value OF the bonds deposited. At
present 80 per cent. is the limit. Section
| :, reduces the tax of national bank
circulation from one-half to one-fourth of
l per cent. each half year. Section re-
peals the Sherman silver bullion pur-
chase Act. The Secretary of the Treasury
shall coin into silver dollars so much of
the silver bullion, purchased under the
provisions of the Act, as may be neces-
sary to provide for the redemption of the
Treasury notes herein provided for, and
yer dollars the remainder of such bullion
for uses of the Treasury as speedily as
the demands upon the Treasury may
render practicable the payment out of
the Treasury of such standard silver dol
lars, and such standard silver dollars
coined under the provisions Of this Act
for the uses of the Treasury, shall be COW
cred into the Treasury as miscellaneous
receipts; and any gain or seignora aris-
ing from such coinage to be accounted for
and paid into the Treasury.
The minority announce that they will
fight the bill bitterly.
ALDRICH's AMENDMENT.
WASHINGTON, Jan. 9.-There is strong
suspicion on the part of the Democratic
Senators that Aldrich's amendment to
the silver purchase suspension resolu-
ton, of which Aldrich gave notice to-
day, was a carefully prepared trap. Aid
rich says the purpose was to give the
Democratic Senators a chance to show
that they meant what they said OH the
floor in debate. He was not disappointed
in failing to secure an agreement for a
vote upon the amendment, and feels that
he served his purpose, from party point
of view, in showing discord among the
Democratic members.