Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-08-15
SENATE ATTENDANCE SMALL.
Bills for Further Bspk-Notc Issue, ST.
ver-pulIlon Coinage, &c.

Nei-Tulllon Tonnage, &c.
by telegraph 20 the Dspatch.l
WA,HSGroN. September H.-Less than
half its members were present when the
Senate met a noon. but the galleries were
full. Last THURSDAYS journal and tho
(haplaIu's prayer were short.
The House JOINT resolution for the ap-
prouriatc CONTAMINATION of the Tooth an
uiversary of jhe laying Of the cornerstone
# tIc Capitol of the nlted states on Sep
tcmbcr j. fTB. was received from the
House. lard before the Senate, and passed.
There were numerous petitions pre-
scented and referred Tor the repeal Of the
purchasing clause Of the Sherman lew
some cOuiIt.ouaily and some uucOndi-
tioually- and quite a many against tho
repeal: several for the ircCr Uso OF SILVER
~ zeal teuder m the United States. and
for the appointment of q commission 20
consider an adequate plan Of currency,
and some Tor the free coinage If silver at
the rattle Of 10 to /.
BASI-NorE ISSUE.
Mr.. Voorhees,. chairman Of the Commit
tee on Finance, introduced and had re-
forret To- that committee "a bill to provide
for the issue of circulating notes OF na-
tional banks. IL provides Tor the issue 10
national banks If notes 10 the amount Of
the uar vA.Ue of the bonds deposited or
10 be- deposited by them. The biil IS ac-
compaWed bv "a letter from the Secretary
OF the Treasury approving of its proyl-
slous and 81 ting that II II were law the
bauk-not" circulation ION the bonds Ci-
ready Deposited could DO increased 10y
II uJu.uu
ILe McGarrahau claim again made its
Appearance no tine form Of a bill to refer
the claim o. the Court of Private Land
CLAIMS. which was introduced by Mr..
Teller E-pUbIcaul, of Colorado, and rc-
ferred L. thc judiciary Committee.
,orS,GE or SILVER BULLION.
Mr.. V--t introduced bill for the coin
age or the silver bullion IN the Treasury,
saying that II had been sent to HIM from
Ncw ork, and that 1t met has partial ap-
prOya.. II provides thai after sci
tug ASIDE IN coin and bullion
as % reserve such amount OF the silver
bullion purchased und"r the act Of
July, 1880. as sGaiI equal, at the coinage
value. tie aggregate sum OF the Treasury
notes authorized bY that act oil the re-
mamdcr OF such bullion shall be deemed
available for the issue Of SILVER ceruh-
Gates. such remainder or surplus bullion
To be coined into standard silver dollars
aud such dollars To- be used tor the r.
dcmpuon Of silver certificates rs now re
quIrcG nv law, provided that this snail not
bee deemed 10 alter or amend any pro-
vision OF the act of july, 1880.
The second section provides that M
tIOual banking associations shall be- emit
tied to receive circulating notes 10 the
value, at par, of United states bonds on
deposit. not, however, T. exceed tho
amount Of capital stock actually pad IN.
The mll was read and referred 10 tho
Finance Committee.
FINANCIAL LEGISLATION ALONE.
Mr.. Hi. IF New ! ork, offered a resolu-
tlon declaring IL TO bee tue sense of the
Senate that no legislation other than lcGis-
latIun pertaining 70 finance snail be con
-itcrel at tAc present extra session ~
Congress. He asked that the resolution
lie on the table for the present
THE VEST RESOLUTION.
Nr. Vest called up the resolution offered
bv him last Tues lay IN the words
Hss1r.d. + hat the American people are
bv tradition IN favor Of hlmetallisn ana
the tree and unlimited coinage OF bOth
gold and SILVER. without discriminating
against either metal; that 1t Is also tho
established policy CI the United states 70
MAINTAIN the panty of the two metals, 50
that the deht-pHvInE and purchasing
power of every dollar shall be al nj. ln"5
equal that II is the duty OF Congress 10
speedily enact such laws as Will ehectuato
and maintain these Objects
Nr NEsT's ARGUMENT.
Mr.. Vest argued against the idea that the
ovtr-proluctIOu OF silver. IN relation 20
cold. justified the characterization OF the
,vsitr metal. and he quoted the tables of
cold and SILVER production Tor many years
nm support Of las argument. lie under
tool. a. say, with the greatest respect Tor
th- President, and without the slightest
doubt al his honesty # purpose, that when
he failed lu That great state paper 10
SAY one word ~ respect TO blWcta.ISm lie
certainly meant that consideration OF
IN. question oil the Tree coinage of silver,
al any RATIO, was so lmprJctc1Ole that IL
dil not de-erve uoucr.
AR. Vest spoke three hours, IN the
course of which he was frequently inter
~uptod with questions from his colleagues.
10 a Question from Mr.. Palmer he replied
that he was willing T. have the sherman
act repealed, but not willing to have Its
rppeaI made a standing horse Tor mono
urtalnsm. Iu reply 10 question 10y MI
Plat he enil be did not know what the
President would do. He knew that the
President had sent message To Congress,
lu.whlch hc,dld not say one word about bl-
nc.alll~m. aud be took II for granted that
~ ttr President had had any idea OF suS-
taiuug bimetalhsIn be would have sara So
INTERNATIONAL AGREEMENT NOT NEEDED.
In conclusion Mr. Vest repelled the idea
Of there bong "a necessity for iutcrnatlonal
agreement on the subject OF silver.
Attbe close of his speech Mr.. Hoar oO-
tanned the floor and then. after short
executive session for the reference 10 com
,nitt,es Of the nominations received to-
dav. the senate, at 4:ZJ, adjourned until
tomorrow.