Waterbury evening Democrat., 1893-12-15
A NEW FINANCIAL BILL.
Senator Voorhees, Introduces a
 Brand New Measure.
ELECTIONS BILL IN THE SENATE.
It I1 Reported Back FAvorably and Placed
 on the CaIendRr-DeadIock In the House
 Over Statehood BnIs-CarIisIe Chops or

" A1 Reported HACK FaNoraDIy ana E'Iaced
 on the OaIendar-DeadIock In the House
 Over Statehood BnIs-CarIisIe Chops or
 Many Heads.
 WAsHINGToN, Dec. l5-The senate trans acted much business of a miscellaneous character. The house bill repeating the federal election laws, referred to the com mittee on privileges and elections few days ago, was reported back favorably and placed on the calendar.
 Among the bills introduced the most i'm pOrtant was one by Senator Voorhees,, chairman of the committee on finance, providing for the coinage of the silver seigniorage in the treasury at the rate of S2, ,OOo,OOO per month, and, when that is eN- hausted, for the purchase and coinage of a similar amount of silver monthly. A house bill providing for two additional associate justices of the supreme court for Oklahoma territory was passed.
 The resolution offered some days ago by Mir. Peffer to rescind a recent order closing the senate chamber to visitors was con- sidered. It was provocative of much de bate and was finally referred to the com mittee on rules
 The Voorhees, Financial Bill.
 Senator Voorhees, bill provides for the coinage of the silver seigniorage at the rate of S2,0O0,O0O a month, for the pur- chase and coinage of S2, ,OOO, 900 worth of silver per month after the coinage of the seiguiorage, for the retirement of paper currency of less denominations than $lO, for the retirement of all gold coins of less denominations than S10 and for the ap- pointment of an international commission.
 The bill provides in detail that the seigniorage profit fund which has re suited from the coinage of silver bullion under the Bland and sherman acts, or which should result from such coinage, shall be coined into silver dollars of stand ard weight and fineness, with full legal tender quality, at the rate of not less than S2,oO0,000 per month, and that such dollars shall be covered into the treasury. The silver purchase section is as follows:
 That when all the seigniorage bullion has been coined 1t shall be the duty of the secre- tary of the treasury 10 purchase each month silver bullion at the market value in Quanti- ties sufficient To coin not less than S2,OOU,UO each month.
 It is also provided that when any paper circulating notes or certificates of less de nomination than Sl0 except national bank notes or certificates redeemable only in sil- Ver dollars, shall be received at the treas ury, they shall not be reissued, but shall be destroyed and replaced by an equal amount of like notes or certificates of denominations of not less than Sl0.
 Hereafter no national bank notes of less denomination than Sl0 are to be issued. The bill prohibits the further coinage of S2. and S5 gold pieces.
 The bill makes provisions for the ap- pointment of five commissioners to an in ternational conference to be held at q place to be hereafter designated, with a view to secure internationally a tiXity of relative value between gold and silver as money by means of a common ratio between these metals, with free mintage at such ratio. The sum of SS0,000 is appropriated to carry this clause of the bill into effect.
 In regard to the inference in some quar- ters that the administration favored the bill introduced Senator Noorhees said: My bill Is not the result of one word of consul tation, and I certainly do not claim to rep resent the administration in nintroducing it. do desire, however, to help the treasury out of its deficiency"