The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-08-17

WASHINGTON, D. G., August 16.-The
flexible rules OF the senate are proving
Of great service just now by permitting
avery gentleman who has an inclination
10 ciye utterance to his financial views
Mt any time, and to any extent he may
choose. While Senator Voorhees, did not
succeed in getting tho upper chamber
TO enter to-day, as was hoped, upon the
active consideration OF his bill swelling
the volume Of national bank currency
TO the par value Of their United States
bonds on deposit, tho greater portion Of
the day was devoted to financial discus
sion Of one or moro OF the various pro-
posItions or resolutions pending.
MIR. Voorhees,, chairman ofthe finance
committee, said he had been appealed
To by several senators who required
mere time not to catt up the bill to-day,
but ho gave notice that he would do 10
tomorrow.
Mr.. Cockrell offered an amendment
directing the secretary OF the treasury
10 nay to tho holders OF two per cent
bonds who may present them for re-
demption their face value with accrued
interest in United States legal tender
notes.
which occurred to his mind against the
amendment. The very moment the
treasury notes were paid out in these
bonds, which were not now due and the
interest on which was no burden to the
government, the notes, he said, would
be presented to the government and
payment in coin demanded. That
would be an unbusiness.like PROPOSE
ton and would complicate the situa.
lion. The President OF the United
States had called attention in clear and
lOrCible language to the fact that the
treasury notes issued under the act OF
1880, were presented for redemption in
gold, and that caused the first falling
oil OF the one hundred million gold re-
serve. The proposed amendment he
regarded as most dangerous financial
proposition.
MIR. Cockrell ridiculed the objections
made by Mr.. Sherman, who he spoke
Of as the great friend and patron OF ma
tional banks, and as thegreat gold mon
ometalIist. "Why," he asked, SHOULD
tho national banks be- allowed to in
crease their circulation by Sls,000,000
on their bonds now deposited, while
the government itself could not issue
preDnbaCks to redeem its two per cent,
bOndsW
Many questions were asked by
IIcssrs. McPherson, PETER, AIdrich and
Gray, They were all replied to by Mr..
Cockrell, who expressed his amaze
ment and modification at the objec-
tiOns made to his proposition by the
friends OF the national banks.
BERRY SPEAKS.
Finally tho bill and amendment went
over until tomorrow and Mr.. Berry ad-
dressed the senate in favor of the
double standard of gold and silver. 1t
was generally agreed, he said, that the
Sherman act was thoroughly bad. 1t
was u law which never should have
been passed and he was particularly
gratiied that not single Democratic
vote had been cast for 1t either in the
senate or tho house OF representatives.
In an evil hour for the country the free
silver Republicans had parted company
with their friends on the Democratic
side Of tho chamber and had consented
to tho passage Of tho Sherman act and
TO the repeal OF the Bland act. The re-
peal OF tho Sherman act, without other
legislation would, in his opinion, place
the country upon gold basis, would
prevent the future coinage of
any silver and forever practically de.
stroy silver as money. He (Nr.
Berry believed in the double standard
and was not willing to cast his vote for
the gold standard Of money. He
believed that President Cleveland was
man OF the highest and most patriotic
purposes, man OF great ability, thor
onghIy honest and absolutely fearless in
the expression OF his opinions. Mr..
Cleveland had often declared in favor
OF bl'motallism and he (Mr. Barry was
confident, that notwithstanding the
PFosidents failure to discuss bi.metal.
ism n his message, he would approve
any bill that repealed tho Sherman law
and provided for the circulation of both
god aud silver on such terms US would
give them equal value.
Mr.. Allen gavo notice Of an amend.
mont TO tho national bank circulation
Dill to the effect that interest shall
cease on tho bonds on which the addi-
uonal circulation shall DO based.
THE TARIFF RESOLUTION
The Lodge resolution was taken up,
with the GalllnGor amendment TO it,
TO tile effect that 1t would be unwiso
ana mcxpudient to mako any radical
STgIyango IN tho tariff prior to March,
looI aud Mr.. Gallingcr addressed tho
tcna'o, lie declared himself ready to
yoIc, nj tho earliest possible moment,
i9f HE repeal OF tho Shurman act,
sOongh no did not believe that that
igNeIl abused law was largely rospon.
ss1lo lor existing financial OWLS. lc
oelgvod that silver aud the Sherman
ue' hqd infinitely lcss TO do with busl.
Jugs depression to-day than the antlOi-
pN'sl onslapght Of tho paFty IA power
OIL 'llo Mckinley tariff bill.
Ai tho close Of Mr.. Ghllingor's re.
,INtE' tho senate proceeded 10 GxOCu.
u'o business and soon adjourned.
IN THE HOUSE
Ino financial discussion In tho house
'ooS on a deeper interest than OH any
occasion since the opening Of tho silvcr
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