The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-02-19
silver FAVORED IN SENATE
Friends of Mr.. Jones Coinage Bill
Prevail by Majority Of 3.
LEADING UP TO FREE COINAGE
The Vote on Motion to Take Up the Bill OF
the Senator from Arkansas Dem.
onstrates the Strength OF
Silver Advocates.
BY the United Press.

Sy the united PreSS.
Washington, Feb. lS-Today's session
of the senate was interesting from start
to finish. Early in the day the resolu-
tion offered last Saturday by Mr.. Stew
art. Nevada. declaring that there was
no authority in law for the purchase
of gold coin in preference TO other coin
was laid before the senate, and Mr..
Gray, Delaware, took advantage of it
to reply to the attacks made last Sat
urday upon the president in connec
tion with the contract for the purchase
of gold by the issue of per cent. bonds.
Mr.. Gray entered into Il defense of the
acton of the president and showed that
the president had twice appealed to
congress for aid in sustaining the credit
of the United States; that congress had
sat dumb and irresponsible to those APP
peals, and that the executive action
was dictated by his duty under the
laws. 1t was entirely the fault of con-
gress. not of the president, II the gov
ernment had to pay interest at the rate
of 3A per cent instead of 3 per cent.
Senator Sherman, OhiS, also ad-
dressed the senate, cOntending that a
promise to pay in coin meant payment
in such coin as the holder of bonds de-
sired. and that as the government had
required gold coin to be paid for all the
bonds issued since 1869. honesty ana
fair dealing required their repayment,
principal and interest. in gold coin. Mr..
Sherman, however, was far from ap-
proving the contract whereby per
cent. thirty year bonds were sold to the
syndicate at lO4l2, when they We're
really worth, in the English and
American market, 800
He characterized the bargain as faul-
ty and improvident on the part of the
United States, but concluded that it
had now To be submitted to. There
was no action on the resolution.
Leaning Toward Silver.
Then Mr.. Jones. Arkansas, came for-
ward with a motion that the senate
proceed to the consideration of the bill
reported by him from the finance COM
mittee on Feb. Il providing for the
issue of bonds and the coinage of sill
Yer. This motion was antagonized by
q motion to adjourn, made by Mr.. Hale,
Maine. but the senate, by very decl-
sive vote of Il to So, refused to adjourn.
After some intermediary skirmish-
ing the senate came to a direct vote on
the motion to take up the silver bill;
and the friends Of that measure pre-
vailed with a majority Of three, the
vote being: Yeas, 80; nays, %; as fol-
lows:
Yeas-Messrs. Allen, Bate. Berry Black
burn, Butler. Call. Cameron, Clark, Dam
iel, Dubois, Hansbrough, Harris, Hun
ton, Jones, of Arkansas; Jones. of Ne
vada; Kyle. McLaurin, Mantle, Morgan,
PETER, Perkins, Pettigrew, Pugh, Squire,
Stewart, Teller. Turpie. Voorhees,, Walsh,
White.-30.
Nays-Messrs. Allison, Brice. Camden,
Carey, Chandler, Davis, Dixon. Frye. Cal
linger, George. Gibson, Gray, Hale Haw-
ley Hill, Hoar, McMnin. Mcpherson,
Henderson, Mitchell, of Wisconsin; Pal
mer, Pascoe, Platt, Proctor, quay, Ran
som, Vilas.-27.
The following pairs were announced:
Messrs. Mil and Sherman, Wolcott and
Murphy, Coke and Dolph, Vest and Wash
burn, Shoup and Smith. Faulkner and
Higgins, Roach and German, Grby and
Morrill,, Cockrell and Cullom, Blanchard
and Burrows, Lodge and Martin.
Mr. Jones Fill.
The Jones bill provides as follows:
That from and after the passage of this
act, the secretary OF the treasury Is hereby
authorized and directed TO receive at any
United States mint from any citizen o;
the United States silver bullion of stand
ard fineness. and coin the same into sill.
yer dollar Of il2la grains each. The seign.
forage on the said bullion shall belong Ia
the United States and shall he the differ
ence between the coinage value threoi
ana the market price OF the bullion IN
New York on the day the deposit is made
and all expenditures for coinage done un-
der the provision Of this act, shall be paid
out of said seigniorage: and the secretary
of the treasury shall deliver to the deposi.
tors Of such bullion standard silver dollars
equal in amount to the price thereof rs
aforesaid; and whenever the said coins
herein provided for shall be received into
the treasury, certificates may be ISSUED
thereon, in the manner now provided by