Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1893-08-24

greSsional Doings.
Washington, Aug. 1S.-The senate fl
nance committee has at last responded
to the pressure of public opinion and
done something. This something con-
sisted In getting to work early this morn
ing and adopting the following repeal
bill, which Senator Voorhees, promptly
thereafter introduced in the senate i'm
medlately that body came to order:
BE 1t enacted by the senate and
house of Representatives in congress as
Sembled, that so much of the act an
proved July IA, 1890, entitled AN act
directing the purchase of silver bullion
and issue Of treasury notes thereon
and for other purposes" as directs the
secretary at the treasury to purchase
from time to time silver bullion to
the aggregate amount of 100000 oun-
ces, or SO much thereof as may be
offered in each month at the market
price thereof, not exceeding 81 for
31.25 grains of pure silver, and to is
sue in payment for such purchases
, treasury notes OF the United States, be
and the same is hereby repealed; and
1t Is hereby declared to be the use of
Doth gold and silver as standard the
policy of the United States to con-
, tinue money, and to coin both gold and
silver into money of equal intrinsic
and eXchangeable value, such equality
to be secured through international
agreement or by such safeguards of
legislation as will insure the main
tenance of the parity in value of the
coins OF the two metals and the equal
power Of every dollar at all times in
the markets and in the payment of
debts.
And it is hereby further declared
that the efforts Of the government
should be steadily directed to the es-
adjustment of such safe system of
bi-metallism as will maintain at all
times the equal power of every dollar
coined or issued by the United States
in the markets and in the payment of
debtS'
D. The yeas were Voorhees,, Sherman.
Morrell, Allison, Aldrich, Mcpherson,
and the nays Harris, Vance, Jones,
(Ney), Jones (Ark), Vest. Senator
Vest was then instructed by the mi
nority to introduce his 20 to 1 free coin
age bill as a substitute.
Senator Voorhees, announced in the
on Tuesday next. The senatorial de-
bate will then begin. 1t is very doubt
full, however, if it continues immedi-
ately, as it is believed the Voorhees,
bill to increase national bank circula-
ton will not then be disposed of.
The Voorhees, bill, which is prac-
tically the same as the Wilson bill, al
though it is a little more comprehen-
sive in it's declaration, is regarded by
the repealers as satisfactory. They will
fight for it tooth and nail, and they
will win. They are much elated over
it's introduction. 1t shows that the
senate has at last got something to
start frOm-something official, some
,, thing that does not jar on senatorial
courtesy. The stampeders are still
shouting, but their shouts are not so
loud. They may increase again in vol
ume and bore the atmosphere with
their fanatical breaths, but the re-
pealers will keep up stiff upper lip
and win in the end. But for the efforts
of the repealers, backed by the public,
the finance committee would not have
acted today. A report went out last
night that they acted yesterday, but
Senator Voorhees, said to a correspon-
dent today that there was absolutely
no conclusion reached yesterday and
no vote taken. I'VE took it this morn
ing" he said, land there was the best
Of feeling all around
An effort is to be made by the free
silver senators to so cumber the Voor-
hees bank currency extension bill with
amendments as to prevent the debate
on the Voorhees, repeal bill taking
place, and the vote to follow, till the
repealers are willing to make ad-
ditional concessions. If they succeed,
vote need not be expected till doOms-
day, but they will not succeed. The
repealers are getting stronger every
and the handful Of free silver men who
day and the country more impatient,
faLcy they can hold the country at bay
will be disappointed.
In the senate the bill to increase
national banks circulation was taken
up. Allen (Neb.) advocated the adop-
ton of the amendment to suspend the
interest on the bonds on which the in
creased circulation was based. In his
judgment no bill would commit the
country to the policy of a continuance
of the national banking system and he
believed that the time would come
when safety would require the over
throw of that system. Mcpherson ar
gued against the Allen amendment as
a calculated to defeat the whole meas
IRE.
Henderson opposed his colleagues
amendment and favored the immediate
passage Of the bill.
Walcott inquired what authority
there was in law for the issue of clear
ing-hOuse certificates in New York to
the amount of S37,OOO,OOU.
Henderson did not believe there was
any.
The discussion of the bank bill was
resumed, and PETER made a speech