New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-10

who nrenared the minority report. extracts from
which have been published in these disPalchess
His arguments were 3nansweraDle. Dut rev al
yocates OF the measure listened TO MS speech anu
fewer still will read IT,
DEBATE ON THE SEIGNIORAGE BILL
MR. BLAND ARGUES FOR HIS MEASURE AND
MEssRs. STONE AND HARTER AGAINST 1T.
Washington Feb 9-After the reading OF yes
terday's journal in the House what threatened
10 be a knotty question was uncovered by 'he
statement of Mr.. Babcock Qtep- WIS., tha' lie
was recorded voting on the last roica" =.
which the House decided to go into Committee OF
tho Whole TO consider the Bland Seieniorage Dill
while he was really absent. AS this would de-
strov the quorum and thus nulfy the actloh Oh 'ie
committee it promised TO cause some Uoupie'
Owing 10 the confusion in the House at the time IL
was almost impossible avoid error. and the regu-
lar tally clerk was not on duty when the vote
ms ,aken When this error discovered, Mr.
Reed fRep. Mel and Mr.. Tracey d)eIn.' y. -
showed SYMPTOMS OF an intention TO take advantage
of this mistake. and TO fbustcr II was round
houevar that Messrs. McCleary Giep. Mimi.
Marshall (Dem Va German Dem, Mlch)' anu
She'll Dem s c.. present and voted aye
bu, we're not recorded. that the presence OF
a quorum was manifested
Mr. Bartlett Dem. y. ", from the committee
on Interstate and Foreign Commerce. reported
favorably with amendments. the Campbell
a bridge from New-York to Long Island. so as to
reduce the minimum height from $50 to lS' feet 1t
was placed on the calendar
After the call Of committees for reports Mr..
BLAND Dem MOI moved to take up the considera-
ton Of his Silver Segniorage bill in Committee OF
the Whole, and the motion was agreed 10 without
serious objection Mr. Bland was .ien recognized
. IN conclude his remarks in support of the measure
lie said by way of preface. that he was reported
in the papers as being willing TO strike out the
last section Of his bill providing for the coinage or
the bullion In the Treasury purchased under the
Sherman law and remaining uncoined That state
ment was untrue, for ne considered that the most
.mportant feature of the measure. The Secretary
Of the Treasury of the opinion that it would
about five years to carry out this provision OF
THE OBJECT OF THE BILL.
Mr. Bland was surrounded by a crowd OF mem
bers and rapidly piled with questions The prin-
cipal object Of his bill, he said, was not to redeem
the notes issued under the Sherman law: but TO
coin the silver remaining in the Treasury.
The proposed bill did not as far as the sherman
law nor give to the Secretary of the Treasury
such wide discretion. Under the latter The Secre-
tary was authorized coin the bullion at his dis
erection, but under the former he would be conf
PEELED to coin 1t only in such quantities as might
be necessary redeem the certificates issued on IT,.
He could not coin the bullion at his discretion.
Under the Sherman law the notes could be re-
deemed by either silver or gold. and when re-
deemed might be reissued II he CMr. Bland had
been Secretary of the Treasury he would use that
discretion in the interest Of The people and not in
the interest Of the gold-bugs The Sherman notes
should not have been redeemed in gold and re-
issued and again. but the certificates
should have been redeemed in silver and when so
redeemed should not have been reissued. Mr..
Bland was frequently interrupted by questions and
the close OF his speech was marked by applause
He followed by G. W. Stone. of Pennsyl-
ON cn ans ann 1 's
tagonized the bill. He went into legal descrp-
there could be no seignii9rage until al The silver
oS0 s silver % the T e Sa and as ssv o
1t was seignorage because it was not seigniorage
stituted collateral trust fund for the redemption
OF the notes issued Upon 1t, and If any portion OF
sary expenses 1u Of the or 70 for any other
purpose than that to WHICH It was dedcated it was
beszlement q trust funds
Mr. Stone then took up the discussion of the pur-
. committee to tide the country over the present
dsS The S in hSd
now they proposed to pfer from that trust fund
In odr to , cover up es az I he attempt eW
,asing currency. like trying to revive man
blood into his veins The country was not to OBJ be
relieved by pumping more currency into ITS imam;
obtaining more healthy distribution of that which
II, should be circulating freely The close of Mr.
He was .i followed by Mr. McReishan Gnd. Neb)
In support OF the bill he arraigned the fnaneia
yswOuld lead the Democratic party into disaster.
sz- NO REAL TREASURY RESERVE.
Mr.. Harter Dem.. Ohio. one Of the members Of
the committee who signed the minority report. spoke
In opposition to The pending bill. lie asserted thai
he had Investigated the financial condition OF every
nation Of which he could get tie statistics; and among
them all. rich poor. large or small. Christian CT
pagan. there was none In which the treasury was n
such condto.. as that Of this Nation Of G5Ooo.Cp
pp n Ge 9 ssS 10 sk rs hs
erations there was not one IN the condition OF the
over SIS 600 in gold In the Treasury against a
bility of xsll7.lO And there was one great col
that the National bank notes. for the redemption
Of which gold had to be held IN the Treasury Tnere
actual reserve IN the Treasury There was book
keeping, nominal reserve, but there real re-
iidns the Government over IT, present paDcia Dis liz
tress he suggested several methods of raising rev.
more rigid economy and also suggested that the sal.
aries Of all Government officers Including members
Of Congress. receiving over $500 year be lowered
Mr.. Walker Qsep.. Mass) said that Congressman
did not get half enough now. They did three times
as much work in comparison with their salaries as
any other class Of men daughter and applause)
An amusing personal coloquy took place between
Mr.. Harter and Mr. benson tDem. AlaJ and
when the time , OF the former had expired Mr.
Indefinitely which request readily granted
HOW THE PEOPLE VIEW THE DEMOCRACY.
Mr.. Harter then pictured In an amusing way the
misfortunes which would come upon the Demo.
cratic party II 1t passed the Bland bill He ukened
the Democratic party in it's attitude upon silver
to a tackass party: but" he said. III the people
is no reason why the Democratic Congressmer
shodld, flap their ears just 10 show that they are
Mr. Harter soon afterward was interrupted By