The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-08-17
UNEMPLOYED LISTEN.
They Crowd the Caller les
of the House TO Hear
the Silver Debate.
THE NATIONAL BANK ACT.
1t Meets With Many Objections on
the Part of State Bank
Advocates.

WASHINGTON, ID. G., Aug. II, 10 w. -
The bill of the Finance Committee of the
Senate to allow National banks to issue
currency to the par value of the bonds
deposited by them IN the Treasury will
Senate today, but 1t is sure to experience
very stormy weather that will retard, IL
it does not prevent. It's reaching port In
safety. There are already two stormy
capes in sight, and 1t will take good
management to get round them without
damage.
One of these obstacles is the amend :
ment offered yesterday by Mr.. Cockr ell.
(Dem., No. directing the Sec retary OF
the Treasury TO redeem such of The out
standing two per cent. bonds as may be
offered. and TO pay for them at par and
accrued interest by new issue of green
backs. Mr.. Cockrell calculates that II
his amendment be Incorporated in the
bill and il the bill becomes a law. more
than twenty of the twenty-five million
of these bonds will be presented. aud
that thus an issue of more than $20. 900 200
in greenbacks will be put ln circulation.
1t Is understood that he has also in re-
serve several other propositions that will
not be very pleasing TO the national
The new Democratic Senator from Ne
braska, Mr.. Allen, is also prepared TO
attack the bill with an amendment for
the suspension of interest on the bonds
deposited by che national banks assa basis
for the increased circ culation. There are
therefore lively times ahead of the bill;
and MIR. VOORHEES, will have to put for
ward all his resources to prevent its be-
ing swan ped in the Senate.
TARIFF REFORM AS SEEN THROUGH FRENCH
sPECTACLEs.
The Treasury Department has received
bv reference from the Department. of
Stale an ian appeal of the French Com
mittee to the people of the UnitedStates"
on the subject OF 1.-THE Franco. A IN 81 lean
Cemmerce."j The document is in E nglish
or. rather, in "English as she is
spoken"
They say among other things that "ths
American custom house today receives
the products from abroad according to
the regulations laid down by the law of
Congress OF June 10, which constitutes
the administrative Mckinley bill"
They think it would be proper to re-
place this law by measure less severe,
and more In harmony with our earnest
desire to do away with every useless OBJ
struction, and they earnestly believe that
the Congress at Washing gton Will de-
eide by fresh vote on the Mckinley
tariff bill of Oct. l. 1890, whereof thu
fist bill was. SO to speak. the forerunner
Congress will then revert to reasonable
custom house duties."
This address is signed by number OF
distinguished Frenchmen, headed by
'Mr. Charles Prevet, Deputy" aud "Mr.
Leon Chotteau, Advocate. Publicist,
Member of the Golden Club, London y
who is appointed delegate to France and
the U nited States"
THE SILVER DISCUSSION.
When the discussion of the silver ques-
tion was resumed in the House this
morning. the advocates Of the free colu-
age of silver had talked four hours more
of the twenty-five hours SO far occupied
in the discussion than their opponents.
There have been few occa-
sions in the course of the debate
| when Speaker Crisp stated he
would give the floor to an advocate of
| the Wilson DILL. but no one was ready TO
speak on that side. There has never
| been any loss of time on the part OF the
advocates of free coinage SO far as
noticed.
The oqueni and elaborate effort o.
Mr.. Bryan yesterday afternoon. 1t is said,
| will be answered for the repealers next
Tuesday by Representative Fellows. Of
New York. The last week of the debate
attendance.is likely to testithe capabilities
of the galleries to their utmos t.
Already they are well filled, the
usual number of visitors drawn by
curiosity being increased by the ranks OF
the unemployed who find in the benches
comfortable place to spend their leisure
hours. There ara indications that ex-
Spceker Reed will accede TO the request
of the anti-silver democrats and make a
speech in favor of she repeal of the pur-
chase clause of the Sherman law.
IN THE HOUSE TODAY.
In his opening prayer this morning the
Chaplain of the House feelingly alluded
to the death of Mr. Chipman, of Michi.
gan. and invoked the Divine protection
on the bereaved family.
The silver debate was then resumed.
Mr.. Daniels, (Rep., N. Y.,) spoke In
favor of the repeal OF the purchasing
clause of the Sherman acG Terror, he
said, has taken hold of the public mind
that disaster was bouud to follow from
the accumulation of silver bullion in the
treasury.
Mr. Daniels was followed by Mr..
Cooper, of Florida, Democrat. who an
nouuced himself as opposed to every
propositi on made by the silver men and
for unconditional repeal.
The first meeting of the House Com
mittee ON Rules of the Fifty-third' Con
gress was held this morning in the room
of the Speaker at the Capitol. All the
members were present. but little progress
was made.