Daily Kennebec journal., 1895-01-30
NO RELIEF YET.
Gold Reserve in Treasury
Drops to S48,5l6,l93,
But Democrats Thwart All Attempts
to Afford the Needed Relief.
Republicans 0yers.ep Party Lines 10 Render
Aid But Are Defeated

Washington, Jan. a9--The treasury
gold reserve up to i2 o'clock, today, had
been reduced to $40, 523, l73 by gold with
drawals at New York.
The treasury gold reserve was reduced,
as far as reported to the close of business,
to SIS, 5tG, 1893.
When the finance committee assembled,
this afternoon, Mr. Voorhees, submitted
his bill to the committee. Separate votes
were taken, and it being soon apparent
that nothing could be done. an adjourn
melt was taken with nothing accom-
plisbcd. The following Is the ful text
of Mr. Voorhees, bill:
TO enable the secretary of tho treasury
to provide for and maintain the redemp-
tion of United States notes, and TO pay
the current deficiencies in revenue, he is
authorized, in addition to the provisions
of the act of January II, 1873, from timo
to time, Mt his discretion, TO issue certif
Gates Of Indebtedness of the United
States, of the denominations $50, $50 and
500, with semi-annual coupons for in
terest at per cent per annurn, and sell
and dis pose of The same for not less than
an equal amount of lawful money Of the
United States. He shall offer said corti-
ficatos at the designated repositories of
the United States and such post offices
as he may select, Such certificates shall
have like qualities, privileges and exemp-
tions described in the resumption act of
January II, 1873, for the bonds herein
authorized, the proceeds thereof TO bo
used FOR the purposes prescribed in this
act and no other purposes
"Section Upon deposit already or
hereafter made in the manner required
by law of any United States bonds or GER
tiflcates bearing interest any national
banking association making the same
shall be entitled to receive from the comp
troller of the currency circulating notes
of different denominations in blank, regis
tered and countcrsigned and pro-
vidcd by law not exceeding in
the whole amount the par value of the
bonds deposited; provided that ut no
time shall the total amount of such notes
issued to any such association exceed the
amount at such time actually paid in of
the capital stock.
Section 3-From and after the pass
age of this act the secretary of the treas
ury is authorized and directed to receive
at any United States mint from any citi-
zen of the United States silver bullion
Of standard fncness, and coin the same
into silver dollars of 412]$ grains each.
The seigniorage on said bullion shall be-
long to the United States and shall be the
difference between the coinage value
thereof and the price of bullion In London
on the day OF the deposit is made and all
the expenditures for coinage done under
the provisions Of this act shall be paid out
of said seignioragc; the secretary of the
treasury shall deliver to the depositors of
such bullion standard silver dollars equal
in amount to the price thereof as afore-
said; and whenever said coins herein pro
vided for are received into the treasury,
certificates In denominations less than SO
may be issued thereon in the manner now
provided by law"
Three separate votes were taken. The
first was on the 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: Aldrich, Allison, Sherman, Morrill,
tRaps.), Mcpherson CDcm.), Jones of
Nevada, absent and not paired. 10 re-
tain the provision: voorhees,, Jones Of
Arkansas, Harris, White, Vest (Dcm.)
The vote to report the bill as submitted
by voorhees, was follows: For reporting,
Harris, voorhees,, Jones against reporting,
sherman, Morrill, Aldrich, Alison, Nc
Pherson, Vest and White.
= vote was taken on Aldrich's propo-
sition to report this first two sections Of
the BILL and it was def Gated by tie vote
Econtinued on I'd page.