The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1893-09-13
MITCHELL TAKES A HAND
The Senator From Oregon Talks for
Free Coinage
CALLING FOR A QUORUM
Stewart Insists that Senators Shall
Listen to the Debate-Secre-
tary Carlisle's Statement
as to Silver Coinage.

taFy CariiSle'o statement
as to Silver Coinage.
WAsHISGroN, Sept. 12-In tho senate
to-day Senator Stewards resolution for
committee to ascertain whether any
senator Is financially Interested in any
national hank wont over till tomorrow.
The repeal bill was taken up. Mitchell
OF Oregon addressed tho senate against
the bill. While Mitchell was speaking,
Stewart called attention to tho absence of
quorum. The roll was called. Fifty
three senators responded. Mitchell re-
sumed his speech. He favored free coin.
age, and whilo no would bo willing ms u
last resort to change the ratio In order to
secure FREQ coinage, no believed II should
be decreased to l5H to 1. Mitchell dwclt
upon tho SURPRISING Importance Of tho
question which confronted congress and
discussed the causes which produced
tho recent distressed condition of
tho country. He maintained that the
sherman law in no degree is responsible
for II, and yet repeal was to be brought
about because of tho clamor from the
banking interests. There was no danger
OF the United States becoming q dumping
ground for foreign silver. II was needed
spared. Mitchell referred To the disas-
trous effects of the depreca,ion OF silver
on the interests of the farmer. The money
changers of Lombard street and tho un-
conscionable stock gamblers of Wall
street waited with i'll concealed anxiety
the result OF tho vote that would increase
by half the purchasing power of gold and
cut down In like proportion the price of
every agricultural commodity produced in
this country.
The senate finance committee to-day
discussed at some length the resolutions Of
Stewart and Pefer, the latter referring to
the failure Of national banks to maintain
proper reserves and cash checks of de-
positors, tho former diyecting the secre-
tary OF the treasury to furnish informa-
tion rs to the possibility of q deficit. No
conclusion was reached but II was shown
that there is moro favorable disposition
towards reporting tho resolutions than
many. including their movers, had sup
posed they would receive at the hands Of
the committee. II seems probable that
the resolutions may later be favorably re-
ported In some form. The committee also
considered Morgan's bill repeating the
law providing FOR tho redemption of sub
kidary coin, the purpose Of the bill being
w ooSp Sosoo"Ss"" SSihS sh
but also to postpone action upon this
measure. ----.---
In reply TO q resolution. Secretary Car
Isle sent the senate statement to tho
effect that during August and the first
seven days OF September the department
had redeemed In silver coin 81 1,iI3,eIt in
treasury notes; that only S36,0s7, 1856 in sill.
Yer had been coined under the law and
that no paper money had been redeemed
bypayment Of gold since the 4th of March
except that gold certificates had been can
ce!ed.
In the house, Hepburn of Iowa asked
immediate consideration OF the resolution
calling on tho secretary OF the treasury to
inform congress as to what amount OF
merchandise in bonds has been trans
ported from one point in the United States
TO another through Canadian territory in
1892. lliiburn of California objected and
the matter went over. The house decided to
participate in the ceremonies OF the CEN
tennial celebration of the laying Of tho
corner stone of tho capital on the 18th in.