Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-01-18
MORE SILVER TALK
Gut Out by the Senate Finance
a.sA Committee.
ELL TO REPEAL THE SHERMAN LAW

The Purchase of Silver To BE Stopped
Jan. I 1S94-voorhees and Vance Make
aVigorous But Vain Protest-Prospects
in the House-Some Relics of Columbus
Secured for the Fair-The Good Roads
League Meets in National Conference
The McGarrahan Bill Beaten.
WASHINGTON, Jan. 1s.-Perhaps the
most important meeting of the finance
committee of the senate held during this
congress was that of yesterday, which re-
suited in a decision to favorably report
the Sherman bill to repeal the purchase of
silver. Subsequently Sherman reported
the bill and it was placed on the calendar.
The meeting was largely attended, every
member being present but Senator Jones
and Senator Vance who is i'll. The COM
mittee was in session for an hour and
half, and while the majority were in favor
of the action taken a vigorous opposition
was manifested by Harris of Tennessee and
voorhees, of Indiana. Those who voted to
report the bill favorably were Morrill,.
Sherman, Allison, Aldrich, Hiscock, Nc
Pherson ana Carlisle Senators voorhees,
and Harris entered their emphatic protest
against the proposed action of the commit
tee and wo' Id have been joined by Sena-
tors Jones and Vance had they been pre-
sent.
No Words Wasted on the Bill.
The meeting is said to have been "inter-
esting," this probably referring to the
speeches made by Harris and VOORHEES,.
both of whom have a fashion of speaking
their minds and using the very plainest
sort OF English in so doing. They were
out voted, however, and the discussion
will now be transferred to the floor of the
senate. The bill reported is that intro
duced by Sherman during the last session,
and simply provides that on and after Jan.
1, 1884, so much of the act of July IA, 1880,
as provides for the purchases of silver
bullion to the aggregate of $500, 600 ounces
a month and the issuance of treasury notes
in payment therefor shall be repealed. A
section of the bill reported by Morrill,
March L, 1872, providing that national
banks shall be entitled to receive circu-
lating notes to the amount of the par value
of the United States bonds deposited by
them was added to the bill as reported
Mcpherson Thinks 1t viii Do.
Mcpherson said that the bill was salts
factory to him, although he would rather
have had his resolution reported. The one
feature he did not approve was that which
postponed the time to the lst of January,
1894, but still he thought it afforded relief.
for the people would know at that time. at
least, the never ceasing initiation of the cur
rency would end, and that the country
would return to a currency and a money
that was not debased. The provision per
hitting the banks to issue notes up to the
par value Of the bonds he also thought to
be good thing, which would of itself add
seventeen millions to the currency of the
land. Business would improve, and an era of
prosperity would prevail that would Leave
its impress upon the entire country the
moment the bill became law. Teller and
VOORHEES, do not believe the bill can pass.
and VOORHEES, Is credited with saying that
not ten Democratic senators will vote for it.
Matters Stasnant in the House.
The anti-silver men in the house have
made no active move toward getting the
Andrew-Cate bill up in the house, and it
may be that they will now decide to wait
on the senate. 1t is Andrews intention.
however to ask the committee on rules
for day for the bill and free coinage men
expect they viii set it. Bland, Pierce and
others have rejected all propositions look
ing to compromise and profess to be able
to defeat any attempt to force a vote by
closure or otherwise on the repeal of the
Sherman act. Many anti-silver men. how
ever, believe that good will come of the
consideration of the repeal even if it be
not passed, and that filibustering alone
prevented repeal of the present law.