The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-10-29

rotary Of the Treasury; Ihave profound
and the safety of Judgement of the Presi-
dent Of the United States and the Seore-
tary Of the Treasury combined.
They have asked for no assistance
yet. And do not feel warranted in
asking the finance committee OF the
Senate to volunteer something which ia
not asked. something which might not
be received, something which might not
be approved.
believe, he continued, that the an
actment Of 1875 gives the authority to
the Secretary of the Treasury to issue
bonds and the Secretary Of the Treas
ury believes the same thing. Still be-
lieve that when we reach the question
the laws should be modified to the ex
tent OF authorizing the issue OF bonds
at lower rate of interest and for
shorter term. / would not have them
issued in the interest OF bond buyers or
bond holders but in the interest of the
public, in the interest of the tax payers.
But sufficient to the day is the evil
thereof. We have no need to Jump the
ditch until we get there. When the
pending legislation is completed; when
we are free from the incubus which
rests on public confidence; when the ma
tional nightmare is removed. we can
take up the subject in wholesome way
and legislate upon it.
In the meantime, M. President, let
me give this assurance, the public credit
will be taken care of. Let no man gain
say the safety of our currency or of our
obligations under this administration in
the year 1893. The yeas and nays were
demanded and resulted 80 yeas, 81 nays.
Allen offered an amendment provid-
ing for the free coinage of silver at the
ratio OF l6 to l, which came at once to q
vote without discussion. 1t was de-
feated by 81 yeas to 81 nays. Black
burn offered an amendment providing
for coinage of the America product, the
value of the anchorage to be established
each month by the Secretary of tho
Treasury. Stewart spoke against this
amendment, and the amendment was
lost, yeas 90, nays AZ.
Stewart offered an amendment au-
thorizing the President to invite the
Southern American and Central Ameri-
can republics and Mexico to send repre-
sentatives to assemble within nine
months and hold a monetary conference
to consider the feasibility of establish
ing free coinage. The amendment was
defeated 80 yeas, Ill nays. Squire pre-
sented an amendment providing for
practical free coinage. which was re-
jected-20 yeas, AZ nays.
Butler, who had given notice OF an
amendment to repeal the 10 per cent
tax on State banks, stated that he had
concluded not to press it, being assured
that the com mittee on finance would
give it consideration later. He, there
fore, withdrew it.
PETER offered his amendmenL for an
issue Of $3.50, 600. 900 of treasury notes
similar to these issued under the pro
visions of the act of July ID, 1890, to be
redeem able for all debts and dues. It
was com plicated amendment and Bate
asked that 1t go over until Monday and
be printed.
This called Voorhees, to his feet who
said that he would like to get as many
of the amendments behind him to night
as was possible. He desired to say that
he hoped for and expected a vote Mon
day on the main question and said he
should ask for a vote on that day about
2 p. m. He made this statement so that
Senators could govern themselves &C
cordingly. The PETER amendment was
then defeated by vote of So TOT.
Allen then introduced an amendment
making the dollar of 4121S grains the
unit of value and a. legal tender for all
debts, providing for free coinage less 90
per cent. for seigniorage. 1t was lost by
a vote OF al to 90.
Pasco gave notice of an amendment
he would offer Monday, but it was not
read. The bill was then reported from
the committee Of the whole to the SEN
ate, and the amendments agreed to in
the committee were agreed to in the
Senate.
This places the Voorhees, bill squarely
before the Senate proper with the under
standing, however, that it is still
amendable.
After short executive session, on
motion of Voorhees,, at Sis, recess was
taken until Monday at IL a. m.