The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-03-10

place OF the notes issued under the act of
1871 and which were, to all intents and
purposes, greenbacks. In point of fact
the bill provided for continues the opera
tions Of the methods which it
would set on foot. If the secre-
tary OF tho treasury could employ tho
mlnts of the United States TO their ut
most capacity, the movement would be a
pretty rapid one But if he should inter
pret the phrase "as fast as possible" :" TO
mean as fast as might be conveniently
and reasonably possible, the movement ir
execution of the bin would not be so
rapid. II depended upon the acceptation
in which the words of the bill
should be taken by the Secretary
Of the Treasury The bill intimated,
in the first section, one reason
Tor its enactment. II intimated that the
needs OF the treasury required n provis-
ion for relief in view Of the deficit in the
revenue to meet the expenses for the cur
rent fiscal year That reason might have
been urged months ago but it mad passed
away. There was no reasonable danger
to the treasury now of any deficit during
the current fiscal year.
MEANS A SILVER STANDARD.
After interruptions by several senator's,
and much CollOquy as TO the purposes of
the bill, MIR. Villas said: "The difficulty
with the discussion Of the question is
that many of those things which appear
to the one side to be the greatest danger
in the bill appear to the other side to be
its chief merit. And it certainly adds to
the alarm which feel in regard to this
legislatiOn-its purpose and consequences
to hear from able and intelligent men
express declaration of their understand
ing that it is step a long step, per-
haps an efficacious and fatal step
towards the substitution of the silver
standard in this country for the gold
standard. 1t is not substitution of bi-
metallism that fatuous will-of-the-wisp
which is always sent floating before argu-
ments which really favor silver mono.
metallism-it Is not for the establishment
of bi-metallic standard, but it is a
measure simply for the establishment of
a mono-metallic silver standard in place,
either of gold or bi-metallism."
In reply to questions from different sem
ators, Mr. Villas said}
"All the money in the treasury is a part
and parcel of the general balance in the
treasury, except that which by its having
been deposited there and set apart spe-
cifically under the law, being a deposit
and not the property of the government,
has trust character particularly inn
pressed upon it by act Of congress.
THE RESERVE FUND.
ting apart of any reserve fund for the
particular redemption of the notes Of the
government, During President Ceve-
lands first administration practice was
adopted by Secretary Manning to reckon,
as If il were a liability, 500 600, 900 of the
gold in the treasury for the
purpose of the redemption Of green
backs. There was nothing to base
that upon except proviso in law
hut rasb N ,r,1H IN, ha FOL
below 800, 100000 no more gold certificates
should be issued until the amount went
above that sum.
Some suggestions having been made by
MIR. Wolcott, rep, of Colorado as TO the
real meaning of certain language in the
bill which he admitted was not so precise
as 1t ought to be, Mr. Villas spoke of "the
singular want Of prespicuity, the singular
unhappiness and infelicity of thelanguage
of the bill and of the necessity of the
adoption of the motion Of the seeator from
Iowa, so that we may have some oppor-
tunity TO perfect the phraseology of the
bill"
Mr. Villas yielded TO motion to pro-
Ceed to executive business, although he
said be had not been able, owing to fre-
quent interruptions, to get through the
first point OF his argument, which he will
resume next Monday.
was appointed member OF the commit
tee on public lands.
The Senate, at $50 o'clock, after a
short executive session, adjourned till
Monday next.
MRS. HITCHCoCKs PLEA.
The first pension bill taken up at the
evening session of the House was one
granting a pension TO Martha A, widow
Of the late Gen. Ethan Allen Hitchcock,
grandson of Ethan N. Allen, of revo-
lutionary fame. The bill proposed
pension of 500 month The
committee recommended that it be $50.
On motion Of Mr., Jones, dem, of Vir-
ginia, the bill was ordered to be reported
TO the House unfavorably After dispos-
ing of eight bills, Mr.. Talbert, of South
Carolina, made the point Of no quorum.
A vote officially demonstrated the lack Of
quorum, and then at 1925 o'clock the
House adjourned.