The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-03-13

NOdIu take up JNdL Individual case Wneu
TINS great public duty was discharged,
ana not before He moved to lay the
resolution on the table.
THE RESOLUTION LAID on THE TABLE.
The motion was agreed to, and the res
olution was laid on the table-yeas 33,
nays q. as follows
Yeas-Messrs. Allison. Blackburn. Butler,
GaHery, Camden, Carey. CoCkreu, Culom,
Faulkner, Gallinger, Gibson. German, Gray,
narls, hawley, Hunlon, Troy, Lindsay, Nc
MILAN, Manderson, Martin Mitchell OF Wis
consln morrill,, Palmer, Pasco, Proetor,
Quay, Ransom, Smith Stockbridge, Teller,
Villas and WOlcott-33.
Nays -Messrs. Aldrich, Allen Bate, Berry,
IaII Coke Daniel, Davis, Dolph, DUBOIS,
trNe, George, Hans rough, Hoar Kyle, Mills,
Mitchell of Oregon, PETER Perkins Petit
grew: Platt Power Pugh, Roach, Stewart,
Iurpie ana Noorhees-27.
Mr.. George explained why he had
voted in the negative. That vote, he said,
was not to be taken as indicating any be-
lief or suspicion on his part that any
senator had been guilty of the ofense
charged 1t simply expressed his con
viction that a fair and full investiga tion
would show the groundlessness Of the
charges, and thus tend to suppress such
lnsinuations in the future.
BLAND's BILL TAKEN UP.
The seigniorage bill was then taken up
and Mr.. Villas continued the speech
against it which he began last Friday
The objects and motives of the bill would
be best gathered he said, by considera-
tlon of who its author was and what
were mis- purposes. From that point of
view, it was that, while to its friends the
measure was a promise, to him 1t was a
menace. He believed that every man
who inclined to favor the bill for the
reason that it seemed a harmless measure
or measure of little harm, was mis-
taken. The bill, as he said the other
day, added some 5000 600, 900 of silver GER
tlhcates to the currency of the country
lie did not oppose it because il was to
coin the seigniorage. He did not oppose
1t merely because il was TO transform the
silver bars in the treasury into silver dol
lars. He did not oppose it because it
would increase the circulation He did
not OppOseit because any of the Sherman
notes might be revoked. Every one of
these objects might be in a proper way
accomplished and good be the result-cer-
tainly little of evil. But he
thought it would be seen, and
it would not be disavowed, that
the reason why the bin was sought to be
put into the form of law, was because it
was a step-probably efiicacious-to bring
about the substitution of the silver stand
ard in the money of the country II not
completely effective TO that end, it would
be dangerously promotive Of it; and for
that reason he thought that the Senate
ought to stand against it.
SILVER FOR CUSTOMS DUES.
Mr. Villas called attention to the in
creasing ratio of silver certificates paid
for customs dues, and the corresponding
decrease of gold, and continued Now,
Mr.. President, | am calling the attention
Of the Senate TO the present condition,
with silver certificates amounting TO only
one-hfth of our circulation, and let me
ask my friends what they think will be
the condition when silver certihcates-by
the passage of this bill-bear the re-
lation of one-third to the entire
circulation3 These silver certificates
are being cast off as an inferior currency.
Put 500, 900 more on top OF them, and
what will be the RESULT The gold supply
will be cut of from the treasury. The
experiment recently made by the sccre-
tary in appealing to the bankers of New
York cannot be repeated. That might as
well be declared. plainly and openly. Tho
secretary cannot go against the act of
1875, and borrow gold in New York, un-
less he pays the interest which the act
of 1873 authorized. We have reached
the point where all the supply OF
gold to the treasury is cut off, if this bill
reason for the apprehension which fear
in regard to this LEGISLATION. There is the
menace, and frightful menace in my un-
erstanding it is to the peace and vel
fare of the country. We have to-day
$lG6, 600 ,000 of free gold, and we have in
round numbers $500 000, 600 OF paper
which can demand that gold Place be-
fore the financial men of the United
States the proposition that the gold sup
y,Itr in faI f,.lo 10
how long win that Sl06,000,0 900 Of gold
lastln
ALLISON ON THE BILLS DEFECTS.
Mr. Allison, rep. of Iowa, addressed
the Senate He said that he had made a
motion Tor reconsideration for the pur-
pose of having cured what he considered
the manifest defects of the bill He
agreed largely with those who said that
the silver bullion in the treasury, in its
present form, was not available for any
purpose save one. and that was for sale
1t could not be used for the redemption
Of any Of the paper obligations Of
the government. 1t could not be
made available for the redemption
coined or sold. And he had yet to hear
any senator or any one else suggest that
it was the purpose. either present or re-
mote OF congress 10 authorize the sale Of
silver bull ion; and without such author
lty such sale was impossible. IL was
therefore clear that al sOmo time the Sen
ate would be obliged TO deal with the
question if it did not do so now; and he
was willing to deal with IL now. But he
did not believe that the method Of deal
ing with the question as proposed in the
bill was a wise method The Secretary
of :he Treasury, Mr.. Allison declared,
had authority under the act of 1890, if he
chose to exercise il, TO coin every dollar
of bullion in the treasury for the purpose
of redeeming outstanding treasury notes
The secretary did not propose TO exercise
it nor did there seem to be at this mo-
ment any necessity for its exercise. In
response to questions, Mr.. Allison said he
had no doubt that the treasury sotes can
not be redeemed and retired in any other
way than by silver. When the secretary
redeems these notes IN silver he Is bound
to retire them but when he redeems them
in gold he can reissue them, and suppose
that he has reissued them
PROVIDED FOR Plat MONEY.
Mr. Allison went on to argue against
that provision in the bill which author
ICES the issue Of silver certificates, CON
tending that the fair construction of it
would be that so, coo, 900 Of certificates
could be issued in addition to the coinage
of 500, 600, 600 of silver. These certificates
had nothing behind them, and would be
fiat money. If that was not the object
and purpose of the second section of the
J. I,nF ton gfltg kaa IL