Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1894-02-14
IN InE HOUSE.
A List Of Over 40 Speakers to bs Heard On The
Seigniorsge Bill.

VAsIiNGIONs CcU. IO.-1u TIC uOuocs
Immediately after the journal WAS read and
approved, the Hawaiian correspondence
sent to the House yesterday afternoon, was
read. The Presidents note Of transmittal
and the accompanying documents were re-
ferred to the committee on foreign affairs.
Hit asked if the clerk was not permitted to
read the letter from President Dole to Mr..
Willis, referred to in the correspondence
The clerk stated that he had read all the
papers submitted. Reed remarked that
they had no special delivery stamps in Hs-
waii. and President Dole's letter had prob
ably been delayed enroute.
The seigoiorage bill was taken up, and
Bland asked unanimous consent that general
debate close tomorrow afternoon at /.
General objection WAS made on the Repub-
lican side and demand for tine regular
order. Accordingly the seiyniorage bill was
t,ken under consideration.
Xii gore resumed his remarks be gun Friday.
He favored the bill ard said its effect would
be to remove the pressure which now pre-
walls upon the gold reserve and place a
portion of it upon silver, where it properly
belonged. This would better aid the gov
erpment IN maintaining the parity between
the two mettl-, no,wi hs anding the wide
variance IN their value as commercial COM
modities
Bell favored the bill. he believed the
extravaganza of the last administration vas
responsible for the financial distress of the
present one. johnson said the bill would
destroy the parity between gold and silver
and between thu diff Ient issues of paper
money. Bankhead spoke in favor of the
bill.
Bland called attention to the fact that
all the speakers had asked permission to
continue their Re marks in the Record and
he hoped no further requests would be
made. Chairman Hatch informed him that
the ! st of speakers at present embraced
more than 40 names. Bland stated that be
would try to secure an agreement by which
general debate would close at 3 tomorrow
afternoon.
Culberson favored the bill. He said
there was now $lSl 900 900 of silver bull
lion in the treasury which it was proposed
20 coin and put into circulation as rapidly
As possible. He did not favor the proposed
amendment to be offered by Bland, because
it would defer the availability of the re
naming 1926, 900 0a0 of silver bullion, as
it would require Is months or two years to
,in the amount provided for in the bill.
He believed that unless certain changes
were made in the pending bill the secretary
of the treasury would find it beyond his
power to redeem any af the Sherman notes
until after the coinage of the seigniorage
was completed.
Bland asked unanimous consent that gen.
eral debate close at tomorrow afternoon,
but objection was made.
Bland offered an amendment to section 2
of the bill, changing the phraseology to
provide THAT as fast as the bullion 10
coined for redemption of said notes, the
notes shall not be reissued, but cancelled
and destroyed in amounts equal to the coin
held at any time in the treasury derived
from the coinage herein provided for"
This change does not interfere with the
redemption of Sherm n notes with silver
dollars and their cancellation. The House
then adjourned.