Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-02-19

s-n4tos sh.grn.n's Measure Causes Hot
Opposition. but II Passes.

OrposICou. but II fssscs.
WAsu1~4rox. Feb. ls.-Immedia.ely
after Tue morning business the eonsld-
e~assna ~ the sundTy civ.i service so-
pfotrst.on blli vas resumed, the
penang question being Mr.. Nils
.me1dmeat 10 the sherman ) per cent
bond issue sm~ndment IL wxs de-
frstsd without olvlslon-
IAe vice president then put the
question on Mr- Sbermsn's amend.
meat and announced 10 was agreed 10;
buf Mr. Stewart then realized what vas
bcing done. aud sad .hAI be and the
senate had been tsken by surprise. an1
that ne desired 10 address the senate
On tne ~nernan amsu1ment- At The
suggestion az Mr.. iioar, 10th snlent-
ments were considered as still open,
and Mr.. Sto~srt Proceeded to make
one of rs custOmssy free silver
spsecres lie ci0eei by moving -
Am~nd tho snaenoment ~ adding 20 II
these words. "An1 tnt hoGds issued ur.
der the Drov.sOn- Of this act shall not
bs sssd ss security for the ISSUANCE OF
naiiorsi hank currency"
Mr.. IA msr advocated the Sherman
arueu1me IS asa a.s0 Mr.. Nest-
Mr.. sherman. referring % rs state
meut made Yesterday tuat ne would
nave no objection To shortening the
period ~ ihs duration OF re honds 10
three year.. said tnst ne had s.nce
then Consulted nth senator's AuI
.fount tDat nalofity OF them be-
3ieved that that would take away
from ths bonds maserisl value. lie
therefore withdrew what he had said
on tnat point. ard 8 UcuFr@d IN tns
opinion tfst = rvs-vcsr bss1t would L.
preferable - one Tor tnrce years -
u Nr stewart aaenIment he Mr..
Snefmaai cfd DOT Nlsn to mix tie
question - banking Win tns penilCg
proposition. Hnicn uas Intended 10
uaintAin tle parity of the ~ moneys.
lne dl-cu.Soa having closed, Mr..
NJ iis' amendment was rejected wita-
out divlsoo. ana Nr. Stswart's
amendment WAS slso rejected, yexs. 81;
nsg.. -.
Mr. Bncs offered an amendment re-
quri0g al issues OF Unitei states
notes ssae1 and circu.stec a currency
20 - ma ntaned a. psrity. sEd Ia
fercukngszhle a. tas,r uou,iusl value.
Nr. Saernsu stated that not ouiy had
DC no otJ~ciion 10 rs colleagues
snle0Iment. b1t ne believed that sas
u0s the isw OF tne and.
Ar. Ivllcr-bo you iaclude silver
cert.ilcAte.f
Mr. Sherman Silver certificates.
god con ceruticage-. treasury notes.
snd al tie paper money lssuct ny toe
gover0ment.
Mr.. Teller nen q q proposed now
that In add tlsn % tue $50. 9C0, 90 OF
green scxs tEst are payable IA gold
and "A adaitlon % the $50 900 .o0O Of
the treasury notrs. tue Sl2s .Oo0 900 OF
silver cert 0cst-s are % "a included. IL
seems 70 nie that tns. system wi. soon
place . great burden on ne treasury
department. These silver certificates
are now circulating ss money and are
not FeIeomsbie by law or IN practice
IN gold. snd | doa't see any necessity
i0r red@emiBg them Ia gold.
Mr. tfice sad tnst II ma smendmsrt
cid nos oos cover every KIND Of PAPER
asst a. currency. and for which gold
sfa1 te he'd az = msrgin. 50 az ID
<eep inam interchangeable at par. be
eouli otsr m. difcstou OF u. anu
subsequently mod ned nis amend Dsnt
a. - ms<sf read And slso to
risiots -. a. a party and Interchange
sots a. ihe.f nominal par. all srd every
stfiee ~ notes of gas oitsd states -
sued an4 circulating az any time -
rurrenry. ioci18 ag treasury noses.
zrtt certiflcstes. SILVER cert. .sicstss. cur
rencr ceftsncstes snd tressury notes
81 i.to nos cr aeresfter outstanding
~. Aass sdvncst-d ne sherman
-ecMert. I'D .ah thst X parfty
49, nos rrxsined .nonx Al <inds OF
currency commercial q sssfer VOC q
fellow senators sere u0t afrsd thst
tasrs va rot con enough ID rf,t.en
fne -r-enbsC "a. btit thsv dt fesr. srd
it Va = Tear tasf NAs becoming tfl-
pressed aro7 tn~ people: tbs. 10
snort flue xo't NaaIt - al sure,ufisn
Wneu tnst noar cane. ard ~n@n folt
snt SILVER hsf parted confpsns. no.
hody cot't tei 90 zoe iow l-vei tss
slvcr toisr ~and a.. uiscpsHor
Cs-~d srd vrf~ SO tsken on ;1e
~te-iusa srsera 'Hert ft sas sxrsea
a. fssk. 50. oavs ~
~ farther sctoa ~ss fs<en on ths
srri-7 ctvf. scrfoff atom ciii. cut Nf
klfsrn gave aof 90 fnst ~ soul1 ssx
fne senate 10 remsfn Ia session sr Nuo-
dsY aani ths biii vas psss~d. Al.
louT.led.