Weekly expositor. (Brockway Centre, Mich.) 1882-1894, 1893-08-25

SENATE Eleventh day.-Mr. Voorhees, re-
ported from the committee on finance "A
dill to discontinue the purchase OF silver
bullion and declaring IL TO be the policy of
the United states 10 continue the use OF
both GOLD and silver standard money.
MIR. est on behalf OF the minority In the
finance committee, presented a substitute
which fixes the number OF grains OF silver
In the silver coins of the United states
45i.4 grains of pure silver per dollar. and
proportionately for half-dOllars, quarters
and dimes. The bill and substitute were
placed on the calendar. The bill for the in
crease OF national bank circulation Was
then taken up, and Mr.. Allen, OF NeOra-k a.
advocated the adoption of an amendment
To suspend interest on the bonds on which
the increase circulation Is based. In his
Judgment the dill would commit the couE-
try 10 the policy OF a continuance OF the
national banking system and lie believed
that the time had come when SAFETY re
CURED the overthrow OF that system and
the wiping out OF existence as speedily aS
possible. Mr.. stewart addressed the Senate
and gave history OF recent Developments
In the silver question at home and abroad.
He declared that the sherman act must not
be repealed until the whole question was
Investigated and discussed and the condi-
ton or silver rs a money metal provided
for d. r. McrhersOn, IA member OF the nm
ance committee, argued against the Alien
amendment rs calculated to defeat the
whole measure r. Henderson also OPP
posed the amendment ana favored the i'm
mediate passage of The bill Quick relief
was demanded. Mr.. Pugh said that the re-
mOval OF an unconstitutional tax on notes
Of state banks was PLANK in his party's
platform. II the states we're permitted to
exercise power over the banks he had no
Goubt that there would he less danger from
that sort of circulation than there was to-
day from the national bank circulation.
b 4. Pener maze a >peech against the ma
tional banking system As banks OF issue,
the national banks would have TO go. Their
usefulness had expired; and they should
not longer cumber the earth. The people
would tie compelled to take the matter OF
issuing money into their own hands. NJ
Hens amendment was re ected; yeas III,
nays ~. The next question was on the amend
ment offered by VT. Cockrell for the re-
demptiOn at their face value and accrued
interest of such per cent bonds as may lie
presented for redemption and to issue
greenoacks to pay for them. The amend
y r. sherman. Mr. Butler offered an amend-
ment 10 the hank pill repeating the
10 per cent lax on the notes OF
stale tanks. Executive session Adjourned.
House.. -The House was surprised and
pleased with the free coinage speech OF
.. Oseph &. sibley, Dem. Penn, who in his
maiden speech made an Impression as an
support Of the proposition providing that
the holders of United states bonds might
deposit those securities with the govern
ment. receiving therefore treasury notes
= T. Haines of New YORK. and MIR. English,
OF New Jersey. opposed the Tree 81 yer agita-
Everett Dem ; ass, also delivered his first
speech in the House and raised his voice in
favor of the repeal sentiment N'r. simpson
denouncc1 the gold men. denounced the
4 emocrats and denounced the Republicans.
Mr.. organ, Dem. Mo-, advocated free silver.
r, Tal4erts, Lem. s. c., stood for free
silver.