The record-union., 1893-08-09

late Senator Stanford, were presented,
read, and the oath of Office administered
to the new Senator.
On reconvening the message was read.
Seldom in the history of the Senate has
message been listened to with such close
attention. Every Senator seemed on the
nervous strain not to lose a word.
AS soon as it was ended Voorhees,
moved that it be printed and referred to
the Committee on Finance. The message
was thereupon referred to the Committee
on Finance, with orders that it be printed
Immediately.
would, after the morning business, ad-
| dress the Senate on the esubject of finance.
large number OF petitions for and
against the repeal of the Sherman Act
were presented and referred. Then it
was announced that the introduction of
bills was in order.
The first bill of the session was intro
duced by Hill of New York. It's title
was: ITO Repeal Certain Sections of the
Act of July II, 1890; the Sherman Law"
1t was referred without reading to the
Committee on Finance.
The next two bills were introduced by
Stewart of Nevada. Their titles were;
TO Restore the Right OF Coinage" and
TO Supply the Deficiency in the Cur
rency." The latter bill was read in full.
1t directs the Secretary of the Treasury
to issue silver certificates equal in amount
to the silver bullion in the Treasury pur-
chased under the Act Of July IA, 1890, in
| excess of the amount necessary at its
coinage value to redeem the treasury
notes issued under that Act, and to use
the same to provide for any deficiency in
the revenues of the Government the
surplus of such certificates to be used in
the purchase of four per cent. bonds at
their market price, not exceeding twelve
per cent. premium.
Stewart said that he desired to call the
attention of the Finance Committee to
the latter bill. It's purpose was to give
immediate relief. His bill provided, he
said, for issuing 10000, 900 of treasury
| notes to pay for bonds to be deposited by
banks as security for the notes. The
notes could be afterward retired with
bonds. That would give about $3.50, 900, 900
OF increase in the currency, and would
give immediate relief. The Senate should
not delay action when the country was in
such state Of panic. 1t would be un-
patriotic for any man to get up dis
cussion now, but the silver men did not
believe that they could allow the Sher-
man Act TO be repealed, because they be-
ieyed that that would be the end of sill
yer coinage forever. They could not
agree to that, but they did not want to be
put in the position of contending against
what was absolutely necessary at the pres
ent time. He was in favor of any tempo
rary measure that would give relief, and
in the meantime discussion of the whole
financial question could go on.
At the close of Stewards remarks his
bills were referred to the Committee on
Finance.
Lodge introduced resolutions for vote
on the repeal of the silver purchase law
on the 22d instant.
Hale of Maine offered resolution fix
ing the hour of daily meeting of the Sem
ate after tomorrow at II o'clock. He said
the President had very aptly, and in no
uncertain tone, given the business to the
Senate and House to attend to, and had
quoted the maxim, ''He gives twice who
gives quickly" His object in Offering
the resolution was to strengthen the
Presidents hands by increasing the
length of the working day, and thus
decreasing the number of days
that must elapse before the adoption of
legislation which the President recon-
mended. If the Senate were to take a
O+a A i
by Lodge, and which he thought two
thirds of the Republican Senators would
favor, 10 O'Clock would be better hour
to meet than IL, but he was willing to let
it stand at IL. He did not propose to have
a vote taken on it now, but would move
its reference to the Committee on Finance.
He hoped the Committee on Finance
would get together tomorrow, and
could report a Joint resolution repeating
the purchase clause of the Sherman Act,
and the Senate could get to work upon it
| Thursday.
German resented Hale's remarks as
being made to gain partisan advantage
1t was "small politics" that had sug-
gested the resolution. The Senate dare
not, as the Senator from Maine knew.
dispose of such question in haste. The
Senators on both sides were divided in
opinion as to the proper remedy to be ap-
piled. He trusted that all the Senators
would arise above mere partisanship and
would settle the question to the interest
of the country, and he hoped that nothing
would be done on the Republican side of
the chamber to excite party feelings on
the Democratic side.
Voorhees,. Chairman of the Finance
Committee, said that that committee
would be convened day after tomorrow
Several Republicans-Why not to-
morrow?
Voorhees, shall issue call to-mor-
row for the committee to meet Thursday
to take up the great question, as 1t must
be taken up, far away from speeches.
and cheap demagogues, such as we have
been listening to. The idea of dealing
with the question in hop-skip-and-a-
jump style suggested by the Senator from
Maine, is amazing in the Senate of the
United States, particularly in the
case of this Senator, who is now for
ward to undo what he has helped to do.
The Senator from Maine forgets that
every curse of the Sherman Act comes
home to rOost on that side of the chamber.
not on this. Not a single vote on our side
was given for that miserable Act. The
idea of the Senator from Maine appealing
to me to make haste to undo the infamv
and fraud which he himself voted to
hasten on this country, is about the most
refreshing thing that have witnessed in