Weekly expositor. (Brockway Centre, Mich.) 1882-1894, 1893-08-18


were presented bearing upon the nnancial
question: For repeal OF the sherman law;
against repeal; for free silver; against free
silver: ana on TO the end. Mr.. Perkins
rep. al. successor TO the late Senator stan
ford. made his DEBUT with the presentation
Of various memorials from he San Fran
cisco chamber of commerce for the enact
ment OF "A substitute for the purchasing
clauses of the Sherman act; for the anneXa-
tion OF the Hawaiian islands, and in favor
of the Nicaragua canal Ar Voorhees, dem.
Ind introduced what Is TO be known as the
National bank note Dill as follows: BE
IL enacted, etc, that upon any deposit al
ready or hereafter made, of any Quilted
states bonds bearing interest in the manner
require by law, by any national banhtng
association which has made or shall here
after make. the same shall be entitled to
receive from the comptroller OF the cur
rency circulating notes OF different denOm-
nations, in blank, registered and counter
signei rs provided by law, not exceeding in
the whole amount In circulating notes thus
issued the par value or the bonds deposited;
provided. that at no time shall the total
amount OF such notes issued TO any such as
ISOLATION exceed the amount at such time
actually paid In as its capital stock.
The pill was accomDanieI by the follow
ing Endorsement by secretary of the Treas
ury Carlisle. 'N y Dear Sir--l our favor,
inclosing tue form Of n bill TO provide for
the issuing OF circulating notes 10 national
banks, and asking the views OF the secre-
taTy OF the treasury as TO the adVisabtlity
OF it passage, Is received. The enactmen
OF suca law as propo would enable ma
tional banks To issue and put in circulation
at once on bonds already deposited with
the treasurer of the United states about
amount now authorized; and this, I'm my
opinion, would alOrd very con-
siderable measure OF relief to the country
under existing circumstances. / therefore
recommend the passage OF the bill
N.r. est Dem. o. introduced bill which
besides containing the elements or the Dill
INTRODUCED by Voorhees, also provides
that, after setting aside In coin and bull
lion as "a reserve such amount Of the silver
bullion purchased under the act OF July,
1870, IA shall equal the coinage value, the
aggregate sum of the treasury notes au.
thOrized by that net. all the remainder OF
such bullion shall bC deemed available for
the issue of SilN err certificates, such remain
der or surplus bullion shall be coined into
stan ard silver dollars. and such dollars
shall be used for the redemption of silver
certificates rs now required by law, pro-
vided that this shall not be deemed TO alter
or amend any provision of the act OF July,
1890. r Hill EN-. n. offered resolu-
tion declaring IL 10 be the sense of the sem
ate that no legislation other than legisla-
ton pertaining 10 the finances snail be con-
sidereJ at the present extraordinary ses-
sion of congress The asked that the resolution
lie on the table for the present. +. Hoar
tkep. New gave notice that he would call
up the ontana contest case ana press IL 10
conclusion. +. vest called up re~olu-
ton introduced by him on the second day OF
the session favoring bl-metalism and the
free and unlimited coinage of both gold and
silver without discriminate against either
metal; but maintaining their parity. His
address was splendid effort aud was
eagerly listened to by h ; colleagues.
USE.-Speechmakng was the order OF the
day, and appointment of the minor commit
tees was the only special feature. En-
ROLLED BILLS--Messrs. Pearson chairman ;,
Russell, of Georgia; Laimer, Hines, Hagar,
Adams and Gllett, of New DIRK AC-
COUNTs-Rusk chairman Paynter, Tate;
Mutchler, lkert Wells, Post, Wright, OF
Massachusetts, and Marvin. NIIEAGE-
Nessrs. Lynch tchalrmanl Straight, Fen
dleton, OF Texas. and anon.