Morning journal and courier., 1893-08-19
NEWS BY TtLEeRAPH. l From All Quarters. THEY WANT IT REPEALED Senate Finance Committee Reports a Bill.
 CATTANAGH FOUGHT LlKe \ BEAST. 0'DonneII Hammered Him
 About UnmercifuIIy. NO SUsPsEDMEhF OF INTEREST. Senator Aliens Amend-
 ment Voted Down.
NO SUsPEEDMEhF OF INTEREST.
CONGRESS AND CURRENCY.

CONGRESS AND CURRENCY. l The Finance Committee Of the Sem ate Reported . Bill for the Repeal of the Purchasing Clause of the Sherman Act, and Declare in Favor of Bi-Meta1lIsm.
 l WASHINGTON, Aug. 18.-The senate com | mittee on finance this morning reported the bill for the repeal of the purchasing
 clause of the Sherman act, accompanying ! it by declaration in favor of bi-metallism. The committee was in session only an hour
 and the only point of contention was over the wording of the bill, the committee having reached the oonclu- sion yesterday that they would take the final action to day. A bill had been drawn by Senator Voorhees, and was put before the committee this morning in
 printed form, the text beirg in accordance
 with the suggestions of yesterday. Senator Voorhees,, who has always been looked upon as champion of eilver, stated that he did not give up one jot or tittle of
 his allegiance to silver, but that he beIiev- ed that the repeal of the Sherman law at this time would give the people what they needed. This did not. he thought, prevent the ultimate success of bi-metallism
 MT. Harris sought to have the declara- ton in MT. Voorhees, bill expunged, but his motion was voted down by the vote of to 5. OF the two measures, MT. Harris said, be much preferred that the bill should go to the senate as a simple gold measure unaocompsnied by any statements seem ingly favorable to silver. He WAS not willing thst this congress should take any fx,& &ba1 oe congress what it should do on the fnan- cisl question.
 MT. Vest came to the front with the ul- timatum of the silver men and the five votes rallied to his support, but went down in the face of superior numbers MT. Vests proposition was the bill he had previously introduced in the senate to fix the number of grains of gold and silver in the gold and silver coins of the United States. The bill provides that each dollar shall contain 4e4.4 grains of pure silver and 516 grains of standard silver; that coins hitherto minted as treasury notes issued under the act of July IA, 1890, shall be and that after the expiration of two years they shall cease to be legal tender. The final section repeals the purchasing clause of the Sherman act This Is bill that establishes the free coinage of silver at proposed ratio of twenty to one and is the only compromise to which the silver men are disposed to yield, and even that compromise is rejected Dy ultra silver ites.
 After its defeat MT. Vest said hs would offer the bill as a substitute in the senate and make the fight there. This he subse- quently did.
 There has been quiet talk among the anti-silver men of the committee as to the chances for 8 vote and final action on the bill, and 1t is ascertaiued that while they feel pretty certain the bill can pass the house they appear by no means SO sanguine of the senate.
 There seems to be feeling that the bill of Mir. Vest, establishing free coinage at the ratio 20 to 1, may possibly be suc- cessful. In that event even they look for the final triumph of the administra- ton measure. The two bills would then go to conference, and in that state of the proceedings the senate could without sacrificing the dig nifty which 1t o~zaalously guards recede from its position and adopt the bill of the house. It is believed that the members favorable to free coinage having by that time put themselves on record would be willing to vote to recede, and the straight repeal bill would go to the president for his signature.