The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-02-09
SILVER SEIGNIORAGE.
II Is Now Before the House Com
mittee of the Whole.
VICTORY FOR CONGRESSMAN BLAND

His Bin 20 Provide for the Coinage Of the
silver seiguiorage Now in the Treasury
Has the Right Of Way IN the Lower
Body.
WASHINGTON, Feb e.-The deadlock on
Mr. BANDS silver seigniorage bill in the
house was broken after four hours Of con.
tinuous hlibustering yesterday when, by a
vote of li6 to 4, the house carried Mr..
BANDS motion OF going into committee
OF the whole for the consideration of his
bill. The eastern Democrats and the great
mass of the Republicans made deter.
mined opposition, but Mr. Bland was at
last victorious. On the final vote twenty.
six Republicans and all the Populists
voted with him, while twenty-five Dem.
Ocrats who were present joined with the
remainder Of the Republicans in refusing
to vote.
1t was thoroughly understood that quite
number of the Democrats who voted
with Mr.. Bland yesterday afternoon We're
in favor Of certain notifications of the
bill, although they would not carry Their
opposition to the extent of voting against
its consideration 1t is also well known
that Secretary Carlisle and the admins
tration generally is opposed to the bill in
its present form. After the consideration
of the bill began Mr. Carlisle appeared at
the Capitol and had a conference with sew.
eral of the leading Democrats of the house
as well as those Democrats who were man
aging the hiibuster, and just before ad
iOurment the announcement was OiliCi-
ally made on the floor by Mr.. Tracey
that no further attempt to flibustet
against the consideration of the bill would
be made.
This is taken to mean that compro.
mise has been agreed upon aud that Ger
tain concessions will he made in line with
the suggestions of Mr. Carlisle, who
while he is represented AS not being
against the coinage of the silver seignior
age in the treasury yet insists that dis
cretionary power ought to be lodged with
the secretary of the treasury about issu
ing the seigniorage either in the form OF
certificates or of coin, so that it would
not he injected in a lump into the circu.
latiug medium OF the country. He main.
taius that it would be as injurious to put
| out Sol. 600 600 suddenly as it would be tC
| withdraw that amount from the circulat
! ing medium He is also opposed, il is
understOOd to the second section of the
| bill, which makes mandatory the coinage
| of the rest of the bullion in the treasury
and the redemption of outstanding treas
| ury notes under the act of 1880 as fast as
| the coinage takes place.
The right of the secretary of the treas
ury to issue United States bonds at this
| time was again the subject of controversy
| in the senate. The resolution of Senator
| Stewart came up under the rules, and a
motion made by Senator Butler Is. C.) tC
refer it TO the committee on the judiciary
| provoked lively opposition. Senator Quay
took a decided stand in favor of disposinl
of the matter in open senate instead o
giving it decent buriaW by referring il
to a committee from which it would ueve
emerge and intimated that Senator Sher
man gave to the country an apparent jus
tiiication of Secretary Carlisle's action
when the Ohio senator clearly knew it I,
be illegal
strong speech was made by Senate
Teller in which he depicted the deplorabl
financial condition of the country, ant
called upon his Republican colleagues t.
bear their full share of the heresponsibilitie
of the hour, and not attempt to throw
upon the dominant party the entire bur
den of devsiug remedies for the impend
ing panic. The resolution finally wen
over, and Senator Berry called up hOus
bill compelling the Rock Island railroa
to stop at the Oklahoma town sites in
stead of seeking TO build up rival town
on sites owned by the road No final yot
was reached on the bill, but Senate
Berry will urge il again at the beginnin
of next week hesenate resumed its oil
= practice of adiourning from Thursday IA
til Monday.