Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-09-02
OF MONEY.
Senator PETERS Plan for Rsm0dyInS
Financial Evils,
the CONSTITUTION AMENDED.


wAHuNGrOS, Sept 2.-Tho effect
Of tho action OF voorhees, yesterday IN
calling for vote 10y tho Senate on the
repeal bill will be TO keep this senators
regular In their attendance aud also TO
Keep the silver mon constantly on the
alert and on the defensive, for II they
know that ut each pausu Ia tho debate
Volfhtef WILDE pressing Tor a vote,
tnsy will be- compelled to keep one or
moro OF their men In the cnumte'
ready ~ tako The door at momcnrs
notice. The silver men will not allow
n vote until they are unable ~ hold The
n0.r any longer. That ~ the point 10
which the iiEht finally viii BE- brough,i
Tor the men from the silver states VIII
never consent 10 " vote any other way
lis doubtful 10 the Democratic alOrl.
Is would over consent ~ thehdOptiOu
gf clotufc, no matter how long thu thik
might be strung out.
What the Tree coinage men seek 70
accomplish by the delay wnr indicated
by Vance. Hu urged the advocates oi
oliver 10 hold on little while longer
aud spoke VI thu improvement already
going on In business Throughout tue
country. The silver mon hope, 10 they
can delay the vote long enough, thai
the condition nf the country viii ho
mfiiclcptly improved 10 weaken the
demands Of the people upon tho SENATE
for action, and IN this way finally get
the advocates Of repeal to consent ~
come sort Of comprise
prFfERs sun.TREAsuRY Bill.
PETER yesterday introduced sub.
treasury uill which was referred 10
the judiciary committee.
The bill, a. a matter Of fact, Ia Ia the
nature OF an amendment 20 the Con-
rtilution. The fret amendment,
known ns No. 10, Directs the secretary
OF the treasury 10 print and issue 10 the
statu governments s5,OOOOOO for each
hundred thousand inhHbilants, or, at a
rate VI 500 per capita. THIS money 30
% be- distributed IN small denOmiua-
ton legal tuudcr bills, delivered TO the
states free OF cost VI interest The
states are prohibited rom lending u
and charge an interest in excess " .
Der cont. The President OF the United
1tat.a aud the secretary VI the national
treasury with one senator aud two
members 0f the House shall be n COM
iuitice TO SEQ that each state choose
commissioners TO give bonds for
tho secure handling OF the money
received tho bond 10 be- Ap.
proved uy tho gOvefuor Of the state.
The money ~ 10 be lent on landed 30.
cutity, worth double the amount boz
TOWod. No person shall borrow more
than $1,000. Corporations shall not be-
allowed 10 lend money. The time Tor
which tho money shall be- lent T.
sixteen years, ami one fourth II 10 DO
paid every four years, Tho Interest II
to be collected No tho emu Of each year.
No fees Or commissions shall be
charged on the lean. Lands and inn
provcments forfeited Tor the non.pAy-
ment Of the principal or intercat shall
gO Into tho public domain. Other
money and other metal now ouisianI.
lug Will be- called into the treasury aud
destroyed. The secretary Of the trcas-
ury Ia required 20 print 5,UOO,OJ0 hty
cent bills and the same number Ol
twenty-five cont bills, 10 be sOll by the
p0stmasters,
Amendment II prohibits the dep0sil
Of any public money IN any private Ol
Incorporated bank other than the ma
tI0nnl treasury or subtrUasury.
Amendment rs provides for the free
coinage Of both gold anu silver, add
tiolul mints to DO established near tn,
miucs.
Amendment 10 prohibits subtreas
uiem from buying gold OF silver o
receiving gold or silver fOr deposit, anI
issuing Substitute money therefor,
Amendment 20 divides the uatlOna
treasury into two separate depart
ments. one 10 receive all the rnveuu
due the government and disbufH'
tue same, aud one to issu,
aud distribute money to the state
And TO renew mutilated bills.