The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1895-01-30
SILVER SCORES ONE.
Voorhees, Comes Out for the
White Metal.
IT GOES FOR VERY LITTLE
Because Of the Fatal Absence Of
Senator Jones.
NOTHING POSSIBLE III COMMITTEE.
10 Likelihood That Congress Will Follow
the Suggestions Of President CleYe.
land as TO Finance.

WASHINGTON, Jan. Z9.-AG IlS mOEnInS
meeting of the Senate Finance Committee
the various propositions embodied in the
Jones, Vest, Mcpherson, Smith and Sher-
man bills were gone over, and there were
some indications toward the close of the
meeting that it might be possible to secure
a majority vote on a modification of the
Jones bill There was no vote on any
proposition, however, and the expression
of opinion was not clear enough to render
it certain what would be the outcome of
the afternoon meeting, the committee
having agreed to meet again at P. NJ. Mr..
Jones told the committee that if there was
no disposition to unite on the lines of his
bill or any other measure, he would ask
leave to report bis bill, that it might be
brought before the Senate for action.
No disposition was shown in committee
to accept the recommendation Of the Presi-
dent
The proposition outlined by him for
gold bonds was not received with favor by
a majority of the Democratic members,
and even the Republican members were
averse to committing themselves to bonds
of such duration as the President recon-
mends. The Republicans again indicated
their willingness to unite on measure
granting authority for loan on notes of
two or three years time of sufficient volume
to relieve the treasury from its present dis
tress, but not to go further at the present
time.
The proceedings of the afternoon session
in the Finance Committee were based on a
bill which had been prepared by Senator
Voorhees, The bill provided simply for
the issuance of short time certificates,
which were to be used for the purpose Of
making good the reserve and of meeting
the revenue deficiency, but when the after
noon session opened he had added clause
providing for the free coinage of silver.
There was a motion to strike out the silver
provision, which was lost on tie vote of
8 to 3, all the Republican members and
Senator Mcpherson CD voting for the
motion and all the Democrats opposing
it. A vote was then taken on the propo-
gition as whole and it was lost by vote
OF 7 to 3. Senator Vest and Senator White
as well as Senator Mcpherson voted with
the Republicans.
There was also a tie vote on motion
by Senator Aldrich to substitute the
Springer bill for the VOORHEES, bill. Fol-
lowing is the text OF the VOORHEES, bill:
That to enable the Secretary of the Treasury
10 provide for and maintain the redemption of
United States notes. and also to enable him to
pay current deficiencies in the revenue, he is
authorized, in addition to the provisions of the
act of January IA, 1878, from time to time, at
his discretion, TO issue certificates OF indebted
ness OF the United States, payable to the bearer
in coin after three years from date, at the
option Of the Secretary, OF the denominations
OF $50, $50 and 500, with semi-annuaI coupons
for interest at the rate OF 8 per cent per annum,
and to sell and dispose of the same for not less
than an equal amount of lawful money of the
United States at designated repositories of the
United States and at such postoffices as he may
select. And such certificates shall have ike
qualities, privileges and exemptions described
in the resumption act Of January IA, 1875, for
the bonds therein authorized, an the pro-
ceeds thereof shall be used for the purpose pre-
scribed in this act and for no other purpose.
Sec. 2. That upon any deposit already or
hereafter made in the manner required by law
Of any United States bonds or certificates bear
ing interest, any national banking associa-
ton making the same shall be entitled to re-
ceive from the Comptroller of the Currency
ating notes of different denominations in
blank, registered and countersigned, as pro-
vided by law, not exceeding the whole amount
OF the parvalue of the bonds; providing 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. 8. That from and after the passing OF
this act the Secretary of the Treasury is hereby
authorized and directed to receive at any
Uniled States mint from any citizen of the
United States silver bullion of standard gen.
uineness and fineness and coin the same into
silver dollars of 41212 grains each. The seign-
forage on the said bullion shall belong to the
United States and shall be the difference
between the coinage value thereof
and the price of bullion in London
on the day the deposit is made,
and all expenditures for coming done under
the provisions of this act shall be paid out of
said seigniorage,a and the Secretary of the Treas
ury shall deliver to the depositors of such
bullion standard silver dollars equal in amount
to the price thereof as aforesaid. and when
ever the said coins herein provided for shall be
received into the treasury certificates in de-
nominations of not less than $40 may be issued
thereon in the manner now provided for
by law.
The committee adjourned without agree
ing on any definite time of meeting, and
some of the Republican members said af-
forwards that they saw no reason for any
more meetings, as it had been made evil
dent it would be impossible to accomplish
anything in committee. There was full
attendance of the committee, except that
Senator Jones of Nevada was absent. 1t
was his absence that caused the tie vote.
If he had been present his vote would have
been cast with the silver Democrats.
MANDERSON, NEW SCHEME.
The Senator From Nebraska Comes Ost
as SiIUer Man.
WASHINGTON, Jan. 29.-The credentials of
Co1lo,,, Tllipoic &C.,.