Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-03-01


and cents.
1t Is a little of borh," replied Mr. Cum
minss. If the wreck were reclaimed by a
wrecking company the salvage would
amount to as much as is carried by this
bill"
He went on to explain the purpose of the
,ill. Its limitations and urgency.
IT she is rebuilt asked Mr.. Simpson,
will she be seryiceable?'
Undoubtedly" replied Mr.. Cummings
Mr.. kiIgore Wants the Regular order
Mr.. Kilgore ascertaining that this was
the bill pushed by Mr.. Geissenhaimer yes
terday made few observations upon mem
bers who blocked legislation by refusing
to vote and then wanted to legislate by
unanimous consent. He demanded the reg
ular order.
adoption of the special order to limit debate
on the seigniorage bill to two hours, on
which the quorum had failed last night
and the clerk called the roll.
Exactly quorum voted and the special
order was adopted. 1G6-12 The long strug-
gle was over and a vote upon Mr. BANDS
bill was assured
Immediately upon the announcement of
the vote the Speaker declared that in &C.
cordance with the provisions of the order
Just adopted the bill would be open for
debate and amendment for two hours. Mr..
Bland was recognized and offered a sub
stitute for the original bill.
Mr.. Glands Substitutc.
The first section is Identical with the
hrst section of the original bill, except that
the coinage Is to proceed as fast as pos
sible" instead of practicable" The sub
stitute for the second section reads:
After the coinage provided for in the first
section (the seigniorage) the remainder Of
the silver bullion purchased in pursuance
of the act of July II. 1880, shall be coined
into legal tender standard silver dollars as
far as possible, and the coin shall be held
for redemption Of the treasury notes issued
against such bullion. As fast as the bullion
shall be coined for the redemption of said
notes the notes shall not be reissued but
shall be Cancelled in amounts equal to the
coin held derived from coinage herein pro-
v!ded for, and silver certificates shall be
issued on such coin in manner now pro-
vided for by the law. Provided that this
act shall not be construed to change exist
Ing law relating 10 the legal tender char
acter or mode of redemption of existing
treasury notes under the. act of 1890 A
sufficient sum OF money Is appropriated to
carry into effect the provisions of the act
Amendments offered.
Mr.. Cultivate offered an amendment to
strike out the second section Of the sub
stitute. Mr.. Johnson of North Dakota Of
fered an amendment to the original bill
authorizing the Secretary of the Treasury
20 afford the standard silver dollars the
same rights as to redemption and exchange
accorded to subsidiary silver coins.
Mr.. Strauss Of New York offered as an
amendment to the amendment the follow
ing: That the Secretary of the Treasury
be. and he Is hereby. authorized to issue
from time to time coupon and registered
bonds Of the United States in denomna-
tons of twenty dollars and multples OF
that sum. payable In coin after five years
from date, and bearing interest at a rate
not exceeding 3 per centum per annum.
payable quarterly in coin, and to sell and
rt,,y, in,
coin. and the proceeds Of such bonds shall
be paid into the treasury and be held and
used for the purposes now authorized by
law.
Mr.. strauss Explanation.
Mr.. Bland made the point of order that
Mr.. Strauss amendment to the amendment
was not germane. Mr.. Strauss was recog
med to show why he considered the amend
ment germane. He began to speak. SEEM
ingly on the general merits Of the bill, and
Messrs. Bailey and Ffthian made the point
of order that he was not speaking to the
question at issue, but the Speaker allowed
him to proceed. He argued that any amend
ment which was designed to place II In the
power of the Secretary Of the Treasury to
maintain the parity of all classes of cur
rency must be germane to a bill designed
to increase the necessity for larger re-
serve by increasing the obligations against
It. Mr. Reed suggested that as both the
bills amendments We're designed to meet
the deficit caused by the Wilson bill, the
one should be germane to the other.
The Speaker returned pleasantly that the
suggestion hardly helped the chair in his
decision. He thereupon sustained the point
Of order and ruled the amendment out on
the ground that il was not germane.
As to Bond Amendment.
Mr.. Cummings asked If the chair ruled
that any amendment looking to an issue of
bonds would be ruled out. The chair re-
piled that the ruling was not SO broad as
that and Mr.. Cummings gave notice that
he would offer a bond amendment later.
Mr.. Cannon Qll) then offered as an
amendment, in lieu of Mr.. Stevens amend
ment, the so-calle1 Window proposition
for bullion redemption at the current mar
ket rate of silver of bullion certificates
which was discussed in the Fifty-f first Con-
gress. 1t was also ruled out on the ground
that 1t was not germane.
yIr. Bland Explains the Substitute.
Mr. Abbott offered another amendment to
the amendment relating to the coinage of
the silver in the treasury. Mr.. Bland then
took the floor in support of his substitute.
He explained the second section of the
substitute. 1t made the coinage of the re-
mainder of the bullion in the treasury begin
after the coming of the seigniorase, and
specific provisO is added to the effect that
nothing in this act shall be deemed to
change or alter existing law as to the legal
tender character or mode of redemption of
the treasury notes This would set at rest
all controversy and alarm on that point.
To Retire Treasury Notes.
Mr.. Cultivate of Ohio. arguing against
the second section Of the original bill and
the substitute. said its purpose was to re-
tire the existing treasury notes. There was
not gold enough in the treasury to redeem
one-third OF IT, outstanding treasury notes.
and the enactment of this section would
weaken the reserve, and inevitably lead to
the issue of bonds to replenish IT, Mr.
Johnson Of North Dakota. IN support of
his amendment. maintained that il was alb
solutely necessary if the declared policy of
the government to maintain all classes of
our currency at par We're to be kept in
force Not to adopt his amendment would
be to dishonor the national credit
Mr.. Simpson declared that to strike out
the second section or adopt Mr.. Johnson's
amendment (which would make silver dol
lars redeemable in gold would be another
great strike IN the direction of plutocracy
Mr.. Dunn of New Jersey denounced the
attempts on the part OF some of the social
ed democratic leaders to bulldoze those Of
their colleagues who did not agree with
them on this measure.
Mr.. Abbott CTexas) explained and adyocat-
60 his amendment, which, he said was
designed to redeem the democratic pledges
In regard to the coinage of silver