The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1895-02-13
The Finance Committee of the
Senate Reaches a Decision.
WILL REPORT A BILL FOR UNRE-
STRICTED SILVER COINAGE.
The House Ways and Means Com
mittee Resumes Consideration OF
the Presidents Message on the
Bond Issue-Proceedings In the
Senate and House of Representa-
Special 10 the REooRp-UN1ox.

Special TO the RECoRD-UNIoN-
WASHINGTON, Feb. 12.-The meeting
of the Senate Committee on Finance to-
day resulted in decision, by vote OF
six to five, to report measure Tor the
unrestricted coinage of silver on the basis
of the provisions of the ninth section OF
the financial bill introduced by Senator
Jones OF Arkansas. This section was
amended in several particulars, and as
agreed to is as follows:
''That from and after the passage OF this
Act, the Secretary of the Treasury is au-
thorized and directed to receive at any
United States mint, from any citizen of
the United States, silver bullion of stand
ard fineness, and coin the same into sill
yer dollars of 4124 grains each. The
seigniorage of said bullion shall belong
20 the United States, and shall be the diff
ference between the coming value thereof
and the market price of the bullion IN
New York on the date the presentation IS
made, and all expenditures for coming
done under the provisions of this Act
shall be paid out of said seignlorage, and
the Secretary of the Treasury shall de-
liver to the depositOrs Of such bullion
standard silver dollars equal In amount
TO the price thereof as aforesaid; and
whenever the said coin herein provided
shall be received into the treasury, GER
titicates may be issued thereon III the
manner now provided by law"
The vote on the motion to report this
section as amended was as follows: Ayes
Voorhees,, Harris, Vest, Jones of Ar
kansas, Jones of Nevada, White. \ oes-
Mcpherson, Morrill,, Sherman, Allison
and Aldrich.
GOLD AND BONDS.
WASHINGTON, Feb. 12.-The Ways and
Means Committee to-day resumed con-
sideration of the last Presidential mes
sage on the bond issue shortly after 10
o'clock.
Secretary Carlisle was present to read
to the committee the contract between
the Government and the Belmont-MOr-
gan syndicate for an exchange Of United
States bonds for gold. The hearing was
behind closed doors.
Ali the members of the committee were
present except two Republicans, Dalzell
and Gear.
The first step taken was the adoption of
a resolution pledging the members TO
secrecy concerning the Secretary's state
ments.
Secretary Carlisle read a typewriter
statement of his contract and the reasons
which dictated the terms. He was piled
with many questions and a general in
formal discussion ensued.
Shortly after l o'clock the committee
took a recess until ) o'clock. a sub
committee OF five was appointed to for
mulate a plan. The members are Will
son, Turner, Bryan, Democrats, and
Payne and Hopkins of Illinois, Repub-
licans. Bryan is a free silver man. The
other TWO Democrats are supporters of
the Administration.
1t is prOphesIed that resolution for
gold bonds will be framed, but the COM
Inittee will not be unanimous in its sup
port.
The Chairman of the committee left it
to the Republicans 10 choose their mem
bers of the subcommittee and they Sc
lected Reed and hopkins, Payne retiring.
Coombs DEM of New York defended
the pension item of the bill against criti-
cism. He then branched OF into tinan-
cial speech. IF you allow the country's
credit to fail before the world" said
Coombs, sit will cost us untold millions;
it will bring ruin and destruction eX-
ceeding that of the rebellion"
Snodgrass interposed the point of order
that CoOmbs was malignIng The upper
branch of Congress, because a free silver
bill had to-day been reported to that
body.
There was great confusion and laughter
az Coombs eXcitedly demanded protec-
ton.
Another uproar arose when Van Voor-
his (RepD of New York replied to
Coombs. He arraigned the Adminis.ra-
ton for it's course on financial matters
81 make the point that the gentleman
is out of order in criticising the Chief
Executive" interposed Coombs.
There was some more laughter and a
lively exchange between Coombs and
Van Voorhis, which could not be heard
above the confusion.
THE gentleman has wheels in his
SaiH az
had suspected as much, but now he has
prevent
Coombs joined in the general laughter.
and made no further rejoinder to it.
Bingham (Rep.) of Pennsylvania criti-
cised the reductions in the pension appro-
priations.
The vote was taken on Pickler's substi-
tute, and it was deieated--69 to 49,
The intensity of the feeling aroused by
the struggle over the bill to employ indi-
vidual Congressional clerks brought out
many humorous incidents.
De Almond (Dem.l of Missouri criti-
cised the Congressional vuitures.
Bartlett resented the imputation. and
declared that De Almond was not vuI-
ture, but raven, continually croaking.
nevermore. Bartlett said his fight in be-
half of clerks involved nothing personal
TO himself, as he was serving in Congress
at a loss Of his New York law practice
worth SO, coo annually.
Caruth lDem.) Of Kentucky created
much amusement by running up the aisle
and pleading that this abandoned law
practice be turned over TO him.
Dockery finally cut off the lively de-
bate by moving the previous question.
which was ordered.
The yea and nay vote was then taken
on the amendment for the annual clerks
and it was detea;ed-yeas 81. NAYS l42'
Most OF the Republicans voted for the
clerks and the Democrats against.
The House, at 4:25 p. NJ, adjourned.
LATER.-After being closeted for two
hours with Secretary Carlisle the COM
mittee talked over the situation. dele
gated the framing of an agreement IN a
subcommittee OF three Democrats and
two Republicans, and late in the after
noon learned that its Subcommittee Sod
dropped partisan differences and found
common ground. The resolution rn
ported by the quintet at the last MEETING
was one authorizing the Secretary of The
Treasury to issue sos, 900, 600 in ) per cont
bonds, payable in gold with the proyi
sion that none of the proceeds shall he
used Tor current expenses, and a further
provision regarding Secretary Carlisle. so
repeating the law which REQUIRES the
Government to redeem national bank
notes and requiring banks to redeem
their notes in the first instance.
Inquiry was made if there was a minor
lty report, and Reed said there was none
Bryan (Dem.l, OF Nebraska offered
resolution recommending that The Secre-
tary OF the treasury should pay all obi
SatlonS OF the Government in either gol3
or silver, which ever it was most CON
venient to USE
After brief discussion the committee
adjourned until / o. o'clock tomorrow.
When Secretary Carlisle came before