The Helena independent., 1893-08-19
TWO MORE SILVER BILLS
Introduced in the Senate, One by
Voorhees, and One by
Vest
Former Establishes Single Gold
Standard and Declares for
Bimetallism.
Latter Estnblisbes FREQ Coinage at Ratio
of Twenty to One-DsbAte be-
gins Tuesday.

WASHINGTON. Aug. 1B.-Voorhees reported
TO the senate from the com misteo on finance
bill TO discontinue the purchase OF silver
bullion and declaring IL TO bs tho policy Of
the government to continue the use OF both
gold and silver as standard money. He
said there was necessity for action on the
national bank bill. lie had heard ths
taunt that he Was seeking TO do something
in the interest OF the national banks. He
was seeking nothing of the kind. He was
seeking 70 avail himself of their power. in
terest and oupidity In order TO increase tho
circulating medium and thereby meet the
pressing wants of the laborina people. II
was not bill in the interest Of the banks.
The full text OF the repeal bill. emitting
that part repeating the purchasing clause OF
the sherman act, 10 as follows; And II 10
hereby deola cd 10 be the policy Of the
United States to continue the use Of both
gold and silver as standard money. and 10
coin both gold and silver into money Of
equal intrinsic value; such equality to be
secured through International agreement or
by such safeguards of legislation a. will In
sure the maintenance Of the parity In the
value of the coins of the two metals and
she equal power of every dollar at all times
in the market and in payment of debts;
and 1t is hereby further declared that the
efforts of the government should be steadily
directed to the establishment OF such . 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 payments Of debts"
senator Voorhees, will not, Is he had
originally intended, ask the senate TO hx .
day for a vote on the bill. He said this
nj hat hAd did "a Nhiuk -
be had on 10 for some time. as thore ap-
pesred to be q disposition on the part OF
senators 70 debate the measure for an in
definite time. He will call IL MP next
Tuesday. At which time he will make .
speech on the financial question generally.
Vest. on behalf Of the minority Of the
finance committee, presented . substitute
for the repeal bill. The substitute fixes the
number Of grains of silver in the ooin At
AGA Ito of pure silver per dollar and pro-
portionately Der half dollars. quarters and
dimes.
The vote by which the repeal bill was re-
| DO ted are Chairman Voorhees, and Sena-
tors Mcpherson. Morrill,, Sherman, Allison
| and Aldrich, the last four publioans.
There we Q no Sensational Developments In
mained firm and unvisldinR. The minor
ity. or silver men. contented them selves
with the statement that they would cayry
to the senate fight that was hopeless In
| the committee.
There has been some quiet talk among
the anti-silver men OF the COMMITTEES no 10
| the chances for . vote and 6nal action on
the bill, and 1t is asoertained that while
they feel pretty certain the bill can pass
the house, they appear by no means SAM
Ruine Of the senate. Thsro seems TO be .
feeling that the bill of Vest establishing
free coinage at a ratio of twenty
to one will possibly be success
full. In that event even. they
look for the hpal triumph of the adminis-
tration measure. The two bills would then
go to confer snoe. and In that stage Of pro-
ceednRS the senate could. without saorific-
ing the dignity which il 80 closely guards.
recede from its position and adopt the bill
of the house. It 10 believed that the MEM
bers fsvo able TO free coinage having by
that time put themselves on record would
be willing to vote TO recede and straight re-
peal would go to tho president for his sigma
tpIa.