The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-08-19

president of the company.
the enacting clause: THAT so much of
she act approved July IA. 1890, entitled
an act directing the purchase of silver
bullion and the issue of Treasury notes
thereon and for other purposes, as di.
roots the Secretary of the Treasury to
purchase from time to time silver bull.
hon TO aggregate the amount OF $780,
ooo ounces, or so much thereof as NAV
DC offered In each month at the market
PRICE thereof, not exceeding one
dollar for three hundred and
seventy one and fifty.fiye one.
hundredths grains of pure silver and TO
issue in payment for same Treasury
notes OF the United States, be and the
same Is hereby repealed; and it ia
hereby declared to be the policy of the
United States to continue the use of
ootn gold and silver as standard money
and to coin both gold and silver into
money into equal interest and ex-
cnangeable value. Such equity to be
secured through international agree
ment or By such safeguards legisla.
ZION as Will insure the maintenance
OF the parity in the value of 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 establishment of such a
safe system of bimetallism 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.''
senator Vest, on behalf Of the mi
nority OF the finance committee, pre-.
sented substitute for the bill. The
substitute likes the number OF grains OF
silver coins of the United States, AGA
grains OF pure silver per dollar. and
proportionately for half dollars. Quar-.
tiers and dimes. The bill and substitute
were passed on the calendar and Voor.
hees gave notice that he would call up
the bill and address tho Senate unon
it on Tuesday next
The bill for the increase of national
bank circulation was then taken IN
and Allen (Pop) advocated the adop.
tlon of the amendment offered by him
last Wednesday-to suppend interest on
the bonds on which the increased cir.
culation is based. He spoke from n
desk In the front row of the Democratic
sac OF the chamber, and made very
favorable Impression on this. his first
effort in the Senate. In his Judgment
the bill would commit the country TO a
policy of continuance of a national
banking system. He believed that the
Tune mad come when safety REQUIRED
the overthrow of that system and Tho
wlplng 1t out of eXistance as speedilv
as possible.
Ste "art hoped the pending bill would
Dc stripped OF every objectionable fea-
ture and then passed. This was no time.
however, for national banks to ask
further subsidy until every effort was
made to relieve the country II that
EFFORT was not made in good faith, it
would not be the fault of the silver
men.
MCPHERSON, member of the finance
committee. argued against the Allen
amendment as calculated to defeat the
whole measure.
Manderson (Neb), opposed his col
leagues amendment and favored the
immediate passage of the bill.
Inc discussion was broken into bv
harris. who sent to the clerks desk
and had read the Washington dispatch
in one of to-day's New York papers
with the heading: "Voorhees casts
adding vote in finance committee"
Senator Harris denounces him as
traitor"
Unpleasant words spoken by all the
Harris declared emphatically there
was not one single word of truth in the
statement of the proceedings in tho
committee room. There was not an
unkind or disrespectful word used.
The vote was not taken on the bill
yesterday (as stated in tho dispatch)
nut was taken this morning. After
some further discussion of the bank
Dill Aliens amendment was rejected
Yeas, II; nays, 80.
The next question was on the amend.
ment offered by Cockrell for the re.
dempsion, at their face value and &C.
crued interest, OF such per cent. bonds
as may be presented for REDEEM ptiop.
and to issue greenbacks to paw for
them. The amerndment was opposed
by MCPHERSON and Sherman.
Cockrell advocated it. Voorhees,
interposed motion for an executive
session, remarking it seemed i'm possible
to get vote on the bank bill to night.
The Senate then went into executive
session, first allowing Butler to offer an
amendment to the bank bill, repeating
the 10 per cent. tax on the notes of
State banks.
At 4:30 o'clock the Senate adjourned
till Monday.
UNEMPLOYED "ON TO WASHINGTON"
Vast ARMY. !t Ia Ecxnactob WIN G.t,.-