The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-01-10

Andrew Bill to Be Fayorably
Reported to the House.
DEMOCRATS AFRAID OF A VOTE.
Progress of the National Quarantine
Act-Tbe Pension Deficiency Larger
Than at First Estimated.

WAsHEsGToS CITY, Jan 9-The mouse COM
mitiee on banking and currency today by oe-
cisive action pushed the Andrew BANKING anu
bullion purchase repeal bill, together WIN
the Gate amendment for the coinage OF silver
bullion now in the treasury, through the COM
mittee, and ordered a report to the house. This
was done in pursuance of pan OF the OPP
ponents Of the Sherman bill TO get repeal OH
Oh the calendar at the earliest possible moment,
In order 20 work out practical legislation at THIS
session If possible. Another significant feature
OF the meeting was that the motion by COX OF
Tennessee to carry on. the state bank plank IN
the Chicago platform was defeated. ii TO l.
Townsend OF Colorado offered the stewart free
coinage bill, but this was voted down Town.
send also moved that the committee allow those
in favor OF free Coinage opportunity TO De
heard before the committee, and that the eecre-
t.-y OF the treasury, the director OF the mint
and others be asked to appeal The majority
were evidently opposed to all delay. and the
motion was defeated. S to T. The mem bers VINO
voted IN favor Of the bill were: Bacon, Wlke,
Cate. Dickerson, Sperry, Cobb, Walker OF Mas
ssehusetss and Russell of Connecticut. Those
voting against it were: Cox of Tennessee. Ken
dali ana Townsend; Bross of Pennsylvania not
voting. The members not pre- sent were Gantz
of Ohio. Busey snd Henderson of Illinois.
The bill agreed upon provides that national
banks. upon deposit of Understanding United
States bonds. shall be entitled to receive circu-
lating notes 10 the full par value OF the bonds
deposited At present 90 per cent is the limit
Section reduces the tax on national bank cir
cuiation from y of x OF per cent. Section
repeats the Sherman silver bullion purchase
act. The secretary OF the treasury shall coin
into silver dollars so much of the silver bullion
purchased under the provisions of this act as
may be necessary 20 provide for the redemption
of treasury notes herein provided for, and coin
from time to time into standard silver dollars
the remainder of such bullion for uses OF the
treasury speedily as demands upon the treas
rry may ren'ier practicable payment out OF the
treasury. Such standard silver dollars, and
sucn standard silver dollars coined under the
provision of this act for the OF the treasury,
shall pc covered into the treasury as m.scellane-
Gus receipts, and any gain seigniorage arts
ing from such coinage shall be accounted for
and paid into the treasury. The minority an
nounces that they will fight the bill bitterly.
There is strong suspicion Oh the part OF
Democratic senators that Aldrchs amendment
TO The Mcpherson silver purchase sus pension
is carefully planned trap. Aldrich says his
purpose was TO give the Democratic senators a
chance to show that they meant what they said
on the floor in debate. He was not disappointed
in failing 10 secure agreement for q vote
upon the amendment, and feels that he served
his purpose from party point OF view in
showing Glscord among the Democratic MEM
bers.
Teller. in reference to McPherson's joint reso-
luton, declares with emphasis that the Sher-
man act Will not be repealed at this congress.
THAT, he said, lis morally certain, and those
who desire its repeal may well arrange their
financial affairs their financial views with
that full understanding.