The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-02-14
Mr.. Van Voorhis Asked to See
the Bond Contract.
REPORT FROM COMMITTEE
Senator Villas Bill ITO Save the
People of the United States
Si6,I7O,77O. Free Silver
Substitute by Senator
Sherman.
BY Southern Associated Press.

Il AOUSE-The House was principally
occupied to day iii considering busI-
ness relating to the District of CO.
iumbia, but room wus found i'll that
discussion for the introduction of II
resolution by Mr.. Van Noorhis
{Rep.), of New York, bearing on
financial matters, the main tenor of
which was to request a report from
the Committee on Ways and Means
OF the testimony, evidence and state
ments made by Secretary Carlisle
before that committee yesterday
morning regarding the recent gold
contract.
Mr.. Wilson assured MIR. Van
Noorhis that he hnd copy OF the
contract III his pocket and would at
the proper time present it. This
was done later III the shape OF n re.
port from the Ways and Means
Committee on the Presidents mes
cage relating to the So, 900, 900 bond
contract, and which report con,
tained copy of the contract. l was
60 evident that there was disposi
tion to know what the minority Of
abe committee thought of the mat
ter and the House adopted motion
which Will allow them to present
their views of the sub bject to morrow.
The report was ordered printed and
Ccferred 20 the union calendar.
The House lit j:05 p. III. adjourned
until 20 morrow at ! ! III.
SENArE-During the morning
hour proceedings in the Senate,
aud when the Vice President called
for bills and Joint resolutions" :"
MIR. Villas rose aud introduced bill
entitled ito save the people OF tho
United States SIG, l70, no." aud he
asked that 1t be read IN full and lay
on the table for the present.
The bill recites that the President
OF the United States has advised
Congress, III his communication of
February Sth, that lie had completed
an arrangement with parties able to
fulfil their undertaking for the pur.
chase of $50, 600, 0OJ III gold coin, IN
return for i per cent. thirty year
bonds, payable Ill coin, but that
he had reserved the privilege Of
substituting 3 per cent. gold
bonds for them, at a al annual saw
ting III interest of $539. l59, and for
the whole thirty years of Sl6, 100,
40. 1t, therefore, authorizes the
issue of 3 per cent. bonds not exceed
ing IN the aggregate so, 0UO, 900,
fanning3 Tor thirty years, prin-
cipal and interest payable in gold
com.
As subsequent part of the pro.
ceedings, MIR. Hill expressed the
opinion Instead OF being laid on the
table 1t should be placed on the cal.
%ndur, from which 1t could be taken
by motion without reierence to any
committee. Acquiescepce III this
view was made by Mr.. Villas, but
positive objection WAS interposed by
Mr. Teller. The rules were ap
pegled to and 1t turned out that
under or them an objection to the
Tequest to let IA bill lie on the table
caused It's reference to the calendar.
Such objection was promptly made
by MIR. Lodge and therefore tue
Wee President announced that the
bill had gone to the calendar.
MIR. Sherman introduced substi
tute for the bill reported yesterday
from the EIuance Committee for the
dree coinage Of silver, and at his
tequest 1t was read in full and laid
Cn the table.
The first section provides, that to
provide for Rnd maintnin the re-.
demptlon of the United States notes,
according to the provisions of the
act OF January II, 1919, the Secre-
aary OF the Treasury may issue, sell
aud dispose OF, at not less than par
In gold coin, either of the descrlp.
ton of bonds authorized in thnt act.
bearing not TO exceed per cent. IN
ferest. payable semi annually aud
Sedeemable ut the pleasure of the
United States i'll gold coin after the
five years from date.
The second section authorizes the
issue OF 3 per cent. certificates of
Indebtedness. payable in lawful
money to provide for temporary
dcticit IN the revenue.
The Senate spent most of tho dav
In further discussion of the amend.
meut to the Postoilice Approprla-
Sion bill, looking to the reduction of
ahe rates now paid to railroad COM
Ganles ior the transportation Of tho
mails of the United States. A modl.
hcatlon pending to the amendment,
seported from the COMMITTEES on
appropriations, requires reduction
bi at least 10 per cent, and another
groposltlon Is pending, offered by
Mr. Villas, looking to the purchase,
ownership aud management Of the
galway postal cars by the Govern.
ment. In view of Mir. Villas expe
fience ss Postmaster General in