The Bessemer indicator., 1893-08-19

u
q, m. and continue until ) p. III. Eleven days
I OF the debate on the bill 10 be given TO geu-
I eral debate under the rules of the last House
I regulating general debate. the time to be
l equally divided between the two sides as the
I speaker may direct The last three days Of
! the debate may be devoted to the considera-
ton of the bill and the amendments as herein
| provided under the usual fye-minute rule Of
] the House as in committee OF the whole.
| General leave to priut Is hereby granted ~
7 The resolution further provides that the vote
/ shall be taken first on an amendment proyid-
| ing for the coinage OF silver at the present
ratio. II that falls then separate vote to
I be had on similar amendments proposing in
succession ratios OF from IL to l TO 20 to /. II
the above amendments fail it shall be in order
/ to offer amendment reviving the act of
/ February Is. ISIS restoring the standard sill
yer dollar, commonly known the Bland
/ Allison act. The vote then to be taken on
| the engrossment and third reading Of the
bill as amended, or on the bill itself, If all the
amendments shall have been voted down. and
on the final passage Of the bill without other
| Intervening motion. After some discussion
of the question OF division of time for the de
4 bate the resolution was agreed to, yeas 2l1,
nays 100
Mr.. Bland then presented the foil owing bill
OF the silver men. which provides for free
coinage and repeals the silver purchasing law
''Be II enacted, etc, that from and after
the passage of this act, all holders of silver
bullion to the amount of 500 or more stan
dard weight and fineness, shall be entitled 10
have the same coined at the miuts of the
United States into silver dollars of the weight
and fineness provided for In section of this
act.
''Section 2-That the silver dollar provided
for in this act shall consist OF 4l2}8 grains OF
standard silver. 10 be legal tendcr for all
debts. dues and demands, both public and
private.
Section 3.-Thc holder OF the silver dollars
herein provided for shall be entitled to de
posit the same and receive silver certificates
In the manner provided by law for the stan
dard silver dollar.
Section $50 much OF the act of July II.
1890, required the monthly purchase Of
$500 COS ounces of silver bullion he and the
same is hereby repealed"
Mr. Raynor of Maryland opened the debate
in a strong speech opposing the free coinage
of silver. He was followed for the same side
by Brown of Indiana Mr.. Bland then spoke.
He declared that the Democratic party could
not hold together If Ii abandoned silver Mr..
Pence spoke next and his remarks received
hama closed the discussion for the day with n
plea for a larger volume Of currency and the
House adjourned.
Saturday. August 1eth.
HoUsE.-The discussion of the coinage
question was continued. Me-srs. Wheeler OF
Alabama, Bowers of California, aud Delegate
Raylins Of Utah spoke for free coinage Mr
the anti-silver men that the government was
issuing dollar that was worth but 80 cents
was absurd By the constitution of the
United States express power was given to
Congress 10 coin money and regulate its value
Under that power the government had de-
clared that the silver dollar was equal In
value to the gold dollar. II this Congress
adjourned without action there would be y
depreciation In the valuation of silver that
would be frightful to contemplate and would
hrfta on "a NOR n..t. .-Vt,. pfp
The opponents of silver were represented
in the debate by Messrs Morse of Massa-
chusetts, Hendricks of New York and Harter
of Ohio. Hr. Hartcr said he would have Con
gress repeal the purchasing clause Of the
present law, authorize national banks to issue
circulation to the full extent OF their bonds
and direct the secretary OF the treasury to
provide for the issue Of gold bonds.
Mon lay, August 18th.
SESArE.-A large and varied assortment of
petitions were submitted. Senator voorhees,
introduced the bill TO permit national banks
to issue notes to the full amount OF the bonds
now IN the treasury rs security A letter
from Secretary Carlisle was read which en-
dorsed the bill and stating that 1t would In
crease the currency by $4,000, 900. Mr.. Vest
by request introduced bill providing for the
coinage OF the bullion now In the treasury.
Mr.. Stewart sent 70 the clerks desk to have
read an article from the New York Rscorder
tion of the article had been read, objection 20
Its further reading was made by Senators
Hoar and Hawlev, and tho article was ordered
printed as document, Mr.. Stewart remark
Ing that the Rec9rder was the first great pa
per In the city of New York that had said a
word agalns; the annihilation aud destruction
of half of the money Of the country; aud that
showed that either the sentiment of New York
on the subject OF silver was changing, or that
the HecoFder was very brave paper.
IT. 1aI
the resolution offered by him last Tuesday,
favoring bimetallism and the free and unllm-
tied coinage Of both gold and silver, without
discriminating against either metal, but
maintaining their parity He said that he
had always been a friend of President Cleye-
land, but he must criticise his message for
ignoring blmetallism. He expressed warm
sympathy for the people Of the silver states
and said they were justified in fighting against
decentralization. Mr.. Vests speech was
very strong ono.
HousE.-The speaker aunoucced the fol.
lowing committees; Enrolled Bills-Messrs.
Pearson (charmanD, Russell fGeorgia). Lati-
/ mer, Hines, Hagar Adams and Gillette (Ney
] York Accounts-Messrs. Rusk (chalrman) },
/ Paynter, Taynt, Mutchler, Ikert, Wells, Post
Wright, fMassachusettsl and Marvin. Mile
age-Messrs Lynch tchairman). Strait, Pen.
dieton Texas, and Mahon.
Mr. Holman Democrat, lndiann) intro
duced joint resolution making Immediately
available the appropriation for the mileage oi
senators and representatives. Agreed to
/ The silver debate was then resumed. Messrs
/ Boatner of Louisiana, Bailey and Hutchinson,
/ Of Texas, spoke in favor Of free coinage, and
/ Patterson of Tennessee. Layton of New York
Pendlcton of West Virginia and Warner OF
Z New York urged the unconditional repeal OF
/ the Sherman law. Jerry simpson embarrassed
OF his speech aud reading free coinage
speech delivered by Mr.. Patterson during the
hFlfty- Congress. Mr.. Patterson ex
planned that he had changed his mind.
/ Tuesday, August 18th.
| SENATE.-Senator Gordon OF Georgia'n
( troduced bill suspendlng for ninety days the
I tax on state bank notes. Mr. voorhees, re-
ported favorabiy from the finance committee
/ his bill 10 increase national bank circulation
| Mr. Cockrell objected to Its immediate con.
sideration. lie said: "There is objection
because there are a number of senator's who
desire to be heard on this proposition and
who will have amendments TO offer to give tc
the masses of the people the same rights a:
are conferred on the national banks and tt
put a stop to favoritsm and proscriptive leg.
: islation. ! shall never give my vote to any
bill that tends to recognize the rights of ma
tional banks to issue and control the paper
money of the country.n
Mr. Peffer objected to the immediate con-
sideration OF the bill to pay mileage to Sena-
tors and Representatives.
The Lee Mantle cnse involving the question
OF the rights of governors of states TO appoint
Senators (under certain circumstacces) was
then taken up, and Mr.. Huntol of Virginia
addressed the Senate briefly In support of Mr
Mantle's right to the seat.
The resolution offered last Tuesday by Mr.
Lodge directing the committee on finance tc
report at once bill to repeal the purchasing
clause of the Sherman act, and that vote be
taken on such repeal on Tuesday, the 22nt
fpaf afd he md r
Lodge made an argument in advocacy of It,
He was replied to by Mr.. Wolcott who made
fun Of Mr.. Lodge and his arguments. ii,
said the Sherman law had nothing whatever