St. Paul daily globe., 1894-02-05
The SILVER SEIGNIORAGE.
IT WILL 6E DISCUSSED THIS WEEK
RY the HOUSE.
RLAND,s ANTI BOND CRANKs

Strength Is Still PrOblcmattCal
The House VIII Rid itself of
the Hawaiian Yowp0n Tuesday
Federal Elections Uppermost
in Senate.
WASHINGTON, Feb. 4.-The Hawaiian
debate. Mr.. Bland's bill foy the coinage
of the seigniorage In the treasury, the
ONeill-Joy contested election case, and
perhaps the Notifications appropriation
bill will occupy the attention of the
house during the coming week. BY an
arrangement agreed upon Just before
the house adjourned last night the
Hawaiian debate is to be extended until
$3.50 Tuesday. the special order for its
consideration being modified so as to
include a provision for vote upon tine
Boutelle resolution as well as the Me-
Creary and HIT resolutions. The eX-
tension of the time will serve the pur-
pose of definitely disposing of Hawaii
in the house. inasmuch as Tuesday,
had the order not been modified, it was
Mr.. Boutelle's intention to come to the
front with his resolution. AS 1t was
privileged question it could not have
been put aside and might have resulted
in additional complications, SO that the
Democratic leaders concluded last night
that the shortest way out of the diff
Guilty would be to agree to compro-
mise. AS yet no Democratic member
has broken
OVER PARTY LINES
tho HaIy 70 oc fQlNo q
is concerned. and it seems likely that the
McCreary resolution will pass by prac-
tically strict party vote. MIR. Holman.
however. is still bent upon offering his
resolution condemning the action of
Mr.. Stevens, but at the same time rep
ROTATING the course of the admiuistra-
tiOn in attempting the restoration of
the depOsed queen. How much Demo-
cratic strength, if any, this resolution
will command is still problematicai.
Wednesday Mr.. Bland will call up his
bill for the coinage OF the silver seign-
forage III the treasury (amounting to
over $50, ,000. .000). that sum to be made
Immediately available, if necessary, TO
meet the wants Of the treasury by the
Issuance of treasury notes similar to
those issued under the act of 1890. Mr..
Bland and many of his Democratic col
leagues. who are bitterly opposed to the
bond issue, want to relieve the treasury
in this way rather than by the issue of
bonds, and it is probable that during the
debate there will be heavy outcrOp-
ping of criticism of the action of Secre-
tary Carlisle in so far as it related to the
use or the proceeds of the
SALE OF BONDS
to pay current expenses of the govern
ment. The Republicans will take the
position indicated by the minority re-
port-that there is no silver seigniorage
in the treasury, the bullion against
notes issued under the act of 1890 not
having been coined. They will also
take the position that while the coinage
value of the silver in the treasury is
SlSl, ,914,961. its actual market value is
but S97, 156.072, Or, in other words, that
the silver obligations of the govern
ment, coined or uncoined, if issued up
to the full coinage value as if silver
were at par (S1.29 per ounce will only be
worth about 55 cents on the dollar, and
could only be sustained by the credit of
the government. Mr.. Bland expects
that the debate on his bill will not last
over two days.
Friday the O'Neill-Joy contested elec-
tion case will come up, and if dis posed
of OIL that day will be followed by the
forti6catior appropriation bill. 1t being
the Intention of the appropriation COM
mi fn nryH ,ofIa l~sI
forward as soon as the opportunity Of
ferS. During the week a row will prob
ably be participated in over the pubi-
cation now going OH IN the Congression-
al Record in the form of Prof. George
Gunton's
SOCIAL ECONOMICS"
During the last congress it will be re-
member that under the general leave
to print" granted in connection with
the debate Gil the Springer free wool
bill. coterie OF Democrats. led by Rep
resentatiye Tom johnson. of Ohio.
printed Several chapters at time) the
whole of Henry Georges volume Prog
ress and Poverty" by printing it as
part of the Congressional Record. 1t
became subject to the free-tranking
privilege Of members, and in pamphlet
form several million copies were dis
tributed free through the mails as cam
paign documents. The abuse of the
privilege of publication In the Record
was then widely commented upon.
Within the last few days the Democrats
have noticed that chapters of Gunton's
book, ten or fifteen pages at a time,
have appeared in connection with Re-
publican speeches, and they are trying
to devise some methods by which rep
ettion of the Henry George trick of last
session can be checkmated. The Re-
publicanS, of course, claim their action
is justified by the Democratic prece-
dents, and when the matter comes up.
as it probably will this week, the de-
bate will no doubt be highly entertain
ing. The Democrats want to stop fur
ther publication before the completion
| Of the volume in order to destroy its