The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-03-02
BLANDS BILL PASSED.
A Large Majority in Favor Of
Coinage Of Seigniorage.
kEARsARos BILL PASSED.
PASSED.
Not Only Seigniorage. but Other Sil.
yer to Go to the Mint.
Demeerass-Ths Senate Adjoarns TIL
Mosasy. shsstine on Chance Of . Re-
pert on Tariff Btil.

WAsHrssroS CrrY. March 1.-The strug-
gle in the house over the Bland bill for
the coinage of the silver seigniorage and sil-
YER bullion in the treasury was ended to-
day by the passage o. the bill by . vote Of
l67 to $50. The special order to bring the
bill 10 . vote was adopted by mere quo
rum Immediately after the house con-
vened. This broke the opposition OF tho
fiiibusters and they were poweriess 20 do
anything further. All the amendments
offered TO the measure by opponents were
defeated, the one which pol.ed the most
votes being Cultivate amendment to
strike out the second section. The bill a.
passed is In the nature Of . substitute for
the original fext Of the measure. The
changes do not Affect tho material feat
urea OF the bin, which provides for coinage
OF the silver seigniorage in the treasury.
the issue Of silver certificates thereon. II
need be. in the discretion Of the secretary
OF the treasury, in advance Of coinage, aud
thereafter coinage of the remainder OF the
bullion as fast as practicable and the issue
OF silver certificates thereon to take the
place of the treasury notes issued under
the Sherman act. which are to be retired
and cancelled as rapidly an coinage takes
place. The changes made in the substi-
tute are simply to make specific the fact
that che seigniorage is to be coined and
that the bill shall not affect the redemp-
tion of treasury notes under the existing
Law.
An analysis Of the vote by which the bill
was passed shows that 10 Democrats. 10
Republicans and Populists, q total OF
167. voted for it. and 50 Republicans and
50 Democrats, . totsA Of 80 voted
against it,
The bill for rescue Of the armament OF
the wrecked Kessssrgs W.: passed just be-
fore adjournment.
When the house met Cummings failed to
get unanimous consent for the considera-
tion of the appropriation of $45, 900 for re-
claiming the wreck OF the Kearsarge. The
vote on tine adoption Of the special order
to limit the debate on the seigniorage bill
to two hours. pending 1t the close ysster-
day. came mp. Exactly . quorum voted
and the special order Was adopted, l66
to Is
stitu.s for the original bill. The FIRST sec
ton Of the substitute is identical With the
first section of the original bill. except
that coinage Is to proceed - fast - pos
sible. instead of - fast as practicable.
The substitute for section 10 a. follows:
after the coinage provided for in the
hrst section, the seigniorage. the re-
mainder Of the silver bullion purchased in
pursuance Of the act Of July IA. 1880. shall
be coined into legal tender standard sill
yer dollars a. fast as possible and the coin
shall be held for the redemption of treas
ury notes issued against such bullion as
fast as tho bullion shall be coined for re-
demption. Said notes shall not be re-
issued, but shall be cancelled in amounts
equal to the coin held aud derived from
the coinage herein provid ed for. and sill
yer certificates shall be issued on such
coin in the manner now provid ed for by
law. Provided. that this act shall not be
construed to change the existing law re-
lating to the legal tender character or
mode of redemption Of existing treasury
notes under the act of 1890"
A sufficient sum is appropriated to carry
into effect the provisions Of this act.
Cultivate offered an amendment to
strike ont section 2 of the substitute.
Johnson Of North Dakota offered an
amendment to the original bill, authoris-
ing the secretary of the treasury to afford
silver dollars the same rights as to re-
demption and exchange nov accorded
subsidiary silver coins.
Strauss of New York offered an amend
ment to the amendment rs follows:
That the secretary of the treasury be
and IS hereby authorized to issue from
time TO time coupon and registered bonds
of the United States in denominations O!
20 and muitiples OF that sum. payable in
coin after tive years from date, and bearing
interest at rate not exceeding per cent.
per annum, payable quarterly in coin, and
to sell and dispose of the same at no, less
than par in coin. The proceeds of such
bonds shall be paid into the treasury. and
be held and used for the purposed now au.
thorized by law"
Bland made q point Of order that
Strauss amendment to the amendment
the point Of order. and ruled the amend
ment out. Cummings asked if the chair
ruled that any amendment looking TO the
Issue OF bonds would be ruled out The
chair replied that the ruling vas not so
broad as that Cummings gave notice
that he would move . second amendment
later.
Cannon Of Illinois then offered as an
amendment in lieu OF Strauss amendment
the so-calied Window proposition for bul-
lion redemption at the current market
rate of silver. of silver certificates, which
was discussed IN the fifty-firs, congress
This amendment was also ruled out on the
ground that it was no; germane
Abbott offered an amendment relating
TO the coinage of the silver in the treasury.
BLAND took the floor in support OF his
substitute. He explained that the second
section Of the substitute made coinage Of
the remainder Of the bullion in the treas
ury begin after coinage of the seignIorage.
and a specific proviso is added to the effect
that nothing in the act shall be deemed to
change or alter the existing law as to the
legal character or mode of redemption OF
treasury notes.
ou,hwaiie argued against the second
section of the original bill and substitute,
and said its purpose VAS TO retire the ex-
isting treasury notes.
Johnson OF North Dakota maintained
ths. his amendment was absolutely nrces-
ment 10 msintain all classes of our cur
reney q. par is 10 be kept in force Not TO
adopt his amendment would be to dis.
honor the national credit
Simpson declared that TO strike out the
second section or adopt Johnson's amend
nseni. which would make silver dollars
redeemah!e in gold. would bs another
great stride in the direction Of plusocrscy
The debate was continued by Abbott,
Stone. Johnson. Hartman, Swanson,
Hunter. Newlands. Wheeler and Tracey.
Aessntt's amendment TO Iohnson's
amendment. as we'll as Johnson's amend
meat isseif. was disagreed 70. The former