Evening journal., 1893-12-15

WASHINGTON, Dec. 15.-The senate trans
acted much business of "A miscellaneous
character. The house bill repeating the
federal election laws referred to the com
mittee on privileges and elections few
days ago. was reported back favorably and
placed on the calendar.
Among the bills introduced the most inn
portant was one by Senator Voorhees,,
chairman of the committee on finance,
providing for the coinage of the silver
seigniorage in the treasury at the rate Of
g., 100000 per month, and, when that is eX-
hausted, for the purchase and coinage of a
similar amount of silver monthly. A house
bill providing for two additional associate
justices of the supreme court for Oklahoma
territory was passed
The resolution offered some days ago by
Mr. PETER to rescind recent order closing
the senate chamber to visitors was con-
| sidered. 1t was provocative of much de-
bate and was finally referred to the COM
mittee on rules.
The voorhees, Financial Bill.
Senator Voorhees, bill provides for the
coinage of the silver seigniorage at the
rate of 100000 a month, for the pur-
chase and coinage of s., 100000 worth of
silver per month after the coinage Of the
seigniorage, for the retirement of paper
currency of less denominations than $40,
i for the retirement of all gold coins of less
denominations than $40 and for the ap-
pointment Of aninternational commission.
The bill provides in detail that the
seigniorage or profit fund which has re-
suited from the coinage of silver bullion
under the Bland and Sherman acts, or
which should result from such coinage,
shall be coined into silver dollars of stand
ard weight and fineness, with full legal
tender quality, at the rate of not less than
s., ,0OO,O 600 per month, and that such dollars
shall be covered into the treasury. The
silver purchase section is as follows:
That when all the seigniorage bullion has
been coined il shall be the duty Of the secre-
tary Of the treasury to purchase each month
silver bullion at the market value in Quanti-
ties sufficient to coin not less than 81 O0O,OOl
each month.
1t is also provided that when any paper
circulating notes or certificates of less de
nomination than $40, except national bank
notes or certificates redeemable only in sill
yer dollars, shall be received at the treas
ury, they shall not be reissued, but shall
be destroyed and replaced by an equal
amount of like notes or certificates ol
denominations of not less than $40.
Hereafter no national bank notes of less
denomination than SO are to be issued
The bill prohibits the further coinage O
$3.50 and s. gold pieces
The bill makes provisions for the ap
pointment Of five commissioners to an in
ternational conference to be held at plac
to be hereafter designated, with view Il
secure internationally fxity Of RELATIVE
value between gold and silver as money b!
means Of a common ratio between thes
metals, with free mintage at such ratio
The sum Of $4,000 is appropriated to carr.
this clause Of the bill into effect.
In regard to the inference in some quar-
ters that the administration favored tn
bill introduced Senator Voorhees, said: m
bill is not the result of one word of consul
. tation, and certainly do not claim to rel
resent the administration in introducing ii
/ do desire, however, to help the treasur
out of its deficiency"