The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-14
A BILL TO SAVE MILLIONS.
Villas WANTS CONGRESS TO Al
THORPE GOLD BONDs.

The Mn Goes 70 the Calendar -
That nc Can he Called Up acadiIy.
Teller Makes known His Oppose
ton 90 the HiII-Sherman Intro
duces n Substitute for the Frce
Coinage Bin Reported From the
Finance Committee.
Washington. Feb. l3.-During the morn
ing hour proceedings in the Senate. ana
when the Vice President called for bills
and JOINT resolutions. Mr.. Villas rose ami
introduced a bill entitled ''to save the
people OF the United ststes ael7O.77o. %
and he asked that it be read in fun and
lay on the table for the present
The bill recites that the President OF
the United states has advised congress
IN his communication OF Feb. S that he
had completed an arrangement with part
les able to fulin their undertaking for the
purchase OF s65.Ooo,o00 i'm gold coin in re-
turn for per cent thirty-year bonds
payable in coin" but that he had re-
served the privilege OF substituting per
cent. gold bonds for them. at an annual
saving in interest Of Sl39.l59. and for the
fore authorizes the issue Of 3 per cen,
bonds not exceeding in The aggregate $780,
10000, running for thirty years, prmcipa.
and interest payable in gold coin.
AT a subsequent part Of the proceed
ings Mr.. Hill expressed the opinion that
instead of being laid on the table IL should
be placed on the calendar, from which ID
could be taken by motion and brought
before the Senate directly for action with
out reference TO any commit e.
Acquiescence in this view was also eN-
pressed by Mr.. Villas, but a positive OBJ
lection to that course was int-rposed by
Mr. Teller.
The rules were appealed TO and it turned
out that under one Of them an objection to
he request that bill lie or the table caus-
"a its reference 10 the calendar. such OBJ
lection was promptly made by Mr.. Lodge
and therefore the Vice President an
nounced that the bill had gone TO the
calendar.
Mr.. Sherman introduced a substitute for
the bill reported yesterday from the
finance committee for the free coinage OF
silver and at his request il was read in
full and laid on the table. The first sec
lion provides that, to provide for an main
ain the redemption of United states
notes, according TO the provisions of the
act of Jan Il, 1875. the Secretary OF the
Treasury may issue. sen, and dispose Of
at not less than par In gold con, either Of
the description of bonds authorized IN the
act, bearing not to exceed per cent in
terest, payable semi-annuaiiy and re-
deemable at the pleasurc Of the United
States in gold coin, after ive years from
date
The second section authorizes the issue
Of per cent certificates OF Indebtedness
payable in lawful money. TO provide for a
/ temporary deficiency in the revenue.
The Senate spent most OF the day In
further discussion of the amendment 20
the postofiics appropriation bill, look!nr
TO the reduction OF the rates now paid
TO railroad companies for transportation
of the mails of the United States. A mod
ification pending to the amendment re
ported from the committee on appropria
lions requires reduction of at least n
per cent, and another proposition Is pend
| ng, offered by Mr.. Villas. looking to the
| purchase ownership and management Of
railway postal cars by the government.
In view of Mr. Villas experience as Post
master General in President Gle Glands
first administration, his statements and
arguments were Of much interest and i'm
portance. The question, however, went
over without any action, except an agree
ment that vote VIII be taken on it to-
morrow aft rnoon at clock.
The Senate at 6 o'clock adjourned.