The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-30

lhe United States and at such pOstoinces
as ne may select. And such certificates
shall have like qualities. privileges and eN-
empuons described In the resumption act
OF Jan. u, 1915 for the bonds herein au-
thorized and the proceeds thereof, shall
be used for the purposes prescribed In this
act, and Tor no other purpose.
Sec. 3 That upon any deposit already or
hereafter made in the manner required by
law OF any United States bonds or certih-
Gates bearing interest, any national bank
ing association making the same shall be
entitled to receive from the controller of
the currency circulating notes Of different
denominations, In blank, registered and
countersigned. as provided by law. not cN-
Ceeding In the whole amount the par
value Of the bonds deposited; provided,
that at no time shall the total amount Of
such notes issued to any such association
exceed the amount at such time actually
paid in OF its capital stock.
Sec. 3. That from and after the pass
age Of this act the Secretary of the Treas
ury is hereby authorized and directed 70
receive at any United States mint from
any citizen Of the United states silver
bullion OF standard nneness, and coin the
same into silver dollars OF 4l2ia grains
each. The seignorage on the said bullion
shall belong to the United States and
shall be the difference between the coin
age value thereof and the price OF ihe
bullion in London on the day the deposit
is made, and all expenditures for coinage
done under the provisions OF this act shall
be paid out of said seignorage, and the
Secretary of the Treasury shall deliver TO
the depositors of such bullion standard
silver dollars equal I'm amount 20 the price
thereof as aforesaid; and whenever the
said coins herein provided for shall be re-
ceived into the treasury certificates In de-
nominations Of less than $40 may be Issued
thereon, In the manner now provided by
law.
Three separate votes were taken. The
first was on a motion TO strike out the
third section. which provides for the un-
limited coinage of silver. etc. This re-
suited in tie vote, as follows:
To Strike Out-Messrs. Aldrich. ALI
son, sherman. Morrill, republicans, and
Mr. Mcpherson. democrat. Mr.. Jones OF
Nevada was absent and not paired.
Those voting to retain this provision
sas, Harris. White and Vest, democrats.
The vote to report he bill as submitted
by Mr.. Voorhees, was as follows:
For Reporting Harris, VooE-
hees and Jones'
Against Reporting -Messrs Sherman,
Morrill, Aldrich, Allison, Mcpherson,
| Vest and White.
The vote was then taken on Mr.. Al
drich's proposition to report the first two
sections Of the bill and it was defeated
| by a tie Vote-the same as that taken on
! the free coinage section.
After this action was had Mr.. Yes.
pulled from his pocket a free coinage
| bnl prepared by Mr.. st. John OF New
York, and offered it for the consideration
! of the committed Mr. Aldrich offered
| as a substitute the Springer bill. drawn
! to meet the wishes Of the President but
/ the committee adjourned almost imme-
! diately without taking any action.
A prominent member of the committee
| said after the meeting that the result
| showed that the Senate committee could
agree TO no proposition looking to the re-
| lief OF the treasury, and all IL could now
| do wns 10 wait for the action Of the House
| and consider such a bill as 1t might see ht
to pass The republicans, 1t appears,
went as far as they could In agreeing 10
report the first two sections of Mr.. Noor-
| hees' bill although all Of them would
! have liked something more In line with
republican policy This, however, the
| democrats refused to permit.
The committee adjourned without iNlnB
| any time for a special meeting. The SIT
! nation. which appeared somewhat cleared
! during the earlier hours of the day, Is
more beclouded than ever.
Chicago. Jan. 29.-The following tele-
gram, signed by all the bankers in Chi
| cago. was this afternoon forwarded to
| Senators Palmer and Cullom and Con-
| gresham Aldrich "rhe bankers OF Chi
! cago respectfully urge the members of the
| Senate and House, irrespective OF party
to unite in the passage Of bill in con-
| formity with the Presidents message
| The business interests of the country de-
mand such action"
| A message of like import signed by
prominent merchants was also telegraphed
10 the same gentlemen this evening"