The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1894-03-02
BLAND WINS HIS BATTLE
Final Passage Of the SeisaiOrasa Bill by
Vote Of 1857 10 1870.
ANALYSIS OF THE BALLOT
As Usual Silver Finds Its Strength
In the Democratic Ranks-The
Exciting Victory Grestac
With Cheers,

WASHINGTON, March THE long s,rug.
gle IN the house is over. Tho Bland bill
Tor the coinage Of the silver seisnorage
and silver bullion In the treasury ended
! to-day by the passage of the bill, by vote
of l67 10 $50. The special order 10 bring
the bill TO n vote was adopted by a bare
quorum Immediately after the house con.
yened. This broke the opposition of the
iilibus'erers and they were powerless to
do anything further. All amendments
offered TO the measure by its opponents
were defeated. the one which polled the
most votes being Outhwaite's amendment
to strike out the second section. The bill
as passed vas in the nature Of substi-
tute Tor the original text of the measure.
The changes do not affect the material
features OF the bill, which provide for the
coinage of the silver seignorare in the
treasury, the issue of silver certificates
thereon. If need be, in the discretion of
the secretary OF the treasury, in ad-
vance of tho coinage, and there
after the coinage of the remainder of
Tue bullion as fast as practicable and the
issue oil silver certificates thereon, to take
the place OF the treasury notes issued un.
der the Sherman act, which are to be re.
Tired and cancelled rs rapidly as the coin.
age takes place. The changes made in
the substitute simply make specific the
fact that the seigniorage is to be coined
and this bill shall not affect the redemp-
tion OF treasury notes under the existing
law. An analysis Of the vote by which the
BIZ passed shows that l4l democrats. IS
republicans and populists, a total of l67,
voted for il, and 70 republicans and 81
democrats, total of l30, voted against it.
The bill for tue rescue OF the armament
OF tho wrecked kearsarge passed just be.
fore adjournment.
/ Alter Cummings failed TO get unani-
NOUS consent for che considerable u the
bill appropria.Ing $4,000 for reclaiming
the wreck Of the Kcarsarge. vote on the
adoption OF the special order TO limit de-
bate on tho seignorage bill for two hours,
which was pending at the close Of ycster-
days session, came up. Exactly quorum
voted aid the special order was adopted.
loo ID ID. SO the long struggle was ended
ahd the vote on BANDS pet measure was
assured.
Bland was recognized and offered a SUBJ
sti'uie for the original bill, except that
coinage is 10 proceed as fast as possible
instead OF practical o.. The substitute
FOR the second section is as follows:
After the coinage provided for In the first sec.
tion THE seignioragel, the remainder Of the sill.
Yer bullion purchased in pursuance OF the act OF
July u. 1880, shall BE- coined into legal tender
standard silver dollars as fast as possible. and
the coin shall be held for the redemption Of the
treasury notes issued against such bullion. As
fast as the bullion shall be coined for the re-
demption Of said notes, tie notes shall not be
reissued. but shall be cancelled in an amount
equal 10 the coin held derived from the coin &c
herein provided for by law. Provided. this act
shall not be construed to change the existing
law relating to the legal tender character OF the
mode OF redemption Of existing treasury notes
under the act OF 1899.
A sufficient sum is appropriated to carry
into effect the provisions of the act.
Voting on the bill was then begun.
Johnson's amendment providing for gold
redemption Of silver certificates was lost,
II to 1856. Outhwaite offered an amend.
ment to strike out the second section OF
the substitute.
Johnson OF North Dakota offered an
amendment to the original bill authoriz.
ing the secretary Of the treasury to afford
silver dollars the same rights as to re.
demption and exchange that arc now
accorded subsidiary silver coins.
Strauss of New York offered an amend.
ment TO the amendment as follows
THAT the secretary of the treasury be and
is hereby authorized to issue from time tc
} time coupon and registered bonds Of the
United States in denominations of so and
multiples of that sum, payable in CON
} after five years from date and bearing
interest at a rate not TO exceed
three per cent. per annum. payable
} quarterly in coin. anu TO sell and dispose
of the same at not less than par in coin.
The proceeds of such bonds shall be paid
} into the treasury and shall be held and
used for the purposes now authorized By
law
J Bland made the point of order that
Strauss amendment 20 tho amendment
was not germane. The speaker sustained
} the point OF order and ruled the amend
ment out. Cummings asked If the chai,
ruled that any amendment looking to is
, sue Of fbonds would he ruled out. The chai,
J replied that the ruling was not SO broad
as that. Cummings then gave notice tln
he would offer n second amendment later
Cannon of Illinois then offered as ar
amendment. IN lieu of ;hc Strauss amend
ment. the so-called Window proposition
for bullion redemption nt the current
market rate of silver bullion certificates
which was discussed in the 5lst congress
Cannon's amendment was ruled out oil
the ground that it was not ccrmane. Alb
bott offered an amendment relating {,
tho coinage of the silver in the treasury
Bland took the floor in support of his sub
stitute. lie explained that the section o
the substitute made the coinage OF the re
mainder of the bullion in the treasury be
gin after the coinage OF the selgniorag,
aud specific proviso was added TO ia,
effect that nothing in tue act shall b,
deemed 20 change or nlte
the existing law as TO th,
legal character or mode of redemptio,
Of treasury notes. Ou,hwaited argued
against the second section OF the orgina
} bill and substitute and said its purpos
was To retire existing treasury notes.
johnson of North Dakota mainiaiue
that his amendment was absolutely nee
! essary il the declared policy of the govern
I ment 10 maintain ali classes of our cur
l rency al par is to he kept in force. Not 1
} adopt his amendment would be To dis
I honor the national credit. Simpson de
| clared that 10 strike out the second sec