Morning journal and courier., 1894-03-08
SILVER IN THE SENATE.

The Bland Seigniorage Bin is Before
 That Body and is the object Of De-
 bate.
 WASHINGTON, March 7.-Ths senate dis cussed the tariff bill until 2 o'clock when the vice president laid before the senate the unfinished businsss, being bill for . cite for the government printing office. MT. Harris moved to proceed with the con- sideration of the seigniorsge blll The motion was agreed to without 6 division. The bill was therefore before the senate as in committee of the whole, and MT. Du- bois, rep, of Idaho. argued against the motion to refer 1t to the committee on finance.
 Mr. Voorhees,, dem, of Indiana, chair. man of the finance committee, said that he was willing to have the seigniorage bill taken up and considered without refer ence. The bill could be disposed of be- fore the discussion of the tariff was reached.
 MT. Harris, dem of Tenne ssee, said that the proposition in the bill was so plain that no commitae could enlighten any senator on the subject. The treasury needed money. MT. Shermsn's argument that the eilver bullion in the vaults was 6 special trust fund he would call absurd, except for his great respect for that sens- tor. The treasury depsrtmsnt had failed to do its duty, or the bullion would have been coined before now.
 MT. Morrill,, rep, of Vermont, asked whether Mir. Harris thought that curren- cy worth only 46 cents on the dollar would be received with much favor by the pub lie.
 Mir. Hsrris replied that the depreciation in silver was due to the act of 1873 which demonetizsd it. He wanted legislation now to restore silver to Its former yalue as @ money metal.
 The discussion was interrupted to allow two messages from the president of the United States to be presented, also to have the conference report on the urgent de- fciency bill prt s,nted and coneurred iu.
 The question was taken on MT. Sber- mans motion to refer the seignIorsge bill to the finance committee. and the motion was defeated. Yeas 6. nays 50. The Davis, Galllnger, Morrill,, Palmer, Sherman and Villas
 The bill was read in full. The presiding officer said that the bill was now open to amendment. No amendment being offered he announced that the question was on the e1groesment and the third resdlng of the bill. That stage being rapidly passed, he said that the question now was Shall the bill psssp
 All this had been accomplished 80 deftly and speedily that the opponents of the bill did not seem to realize that their opportu- nifty had slipped away. Finally MT. Hosr inquired what had become of su amend ment which MT. Stewart had proposed to offer He was informed inst MT. Stewart had abandoned the purpose. And as the presiding officer pu. the question "Shall the bill psssi" Mir. Hosr interpossd 6 mo- ton to adjourn and called for the yeas and nays.
 The motion to adjourn was defeated yeas 12, nays 50. Those voting for ad journment were Messrs Aldrich, Allison Frye, GsllInger, Hale, Hswley, Hosr Morrill,, Palmer, Platf, Qlsy and Sher man.
 Mir. Morrill,, rep, of Vermont, protested against such an important bill being passe in what looked like freak of the senate There could be no confederation as to wha the effect of its passage would be on tn, CT. dit of the country. It was but recently that fifty millions of bonds hsd beer sold in order to reinforce th, treasury with gold and to kseI gold and silver coin and United States notes, and to keep gold and silver l coin and United States notes on e parity And 1t was we'll understood that no furth CT amount of bonds could be issued witf l the hope of finding market. The fifty | Ave millions of teigniorsge (so called) hsi been originally set apart in order to cup l port the par value of the silver certificates And now it was proposed to issue paper currency for 1t without dollar more O gold to redeem and with standard filve dollars worth only forty five cents.
 there were any senators on either side wh
 wanted to put the government of tn
 United States in that position, he was no
 one of them.
 Mr. Allison moved to reconsider the vot
 whereby the bill was epgrossed and read
 third time.
 MT. Sherman made final appeal to th
 senate against nasty action. Never sinc
 the body was organized, he said, had sue
 an important measure been. rushed pc
 nell through 1t. He intimsted that h
 would like more time to present his obje,
 tions to 1t.
 After some further oolloquy the bill VI
 all wed to go over till to morrow, pril
 cipally for the accommodation of MT. She
 man, but with no indication that the
 would be tomorrow any sbandonment (
 yielding of the parliamentary advantai
 which 1t occupies.
 After an executive session the senate g J journed.