The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1895-01-18
SENATOR SHERMAN'S BILL
A Measure That Provides for the
Issue of Bonds.
NIX. PUGH ALSO HAS A SCHEME
lie Would Solve the Currency Question
by a Free Coinage Act-Sharp Talk
Upon Financial TheOries-Mr.
Breckenridge Heard From.
By the United Press.

by the united Press.
Washington Jan. 1.-THE first bust
ness Of Importance in the senate today
was the introduction of the financial
bills, one by Mr.. Pugh Dem., Ala.) and
the other by Mr.. Sherman (Rep., o..
The title of the first was, ITO meet de-
ficiencies in the revenue of the treasury
of the United States; to regulate the
redemption of treasury and coin notes
of the United States; to restore silver
to coinage; to amend the national bank
ing and currency laws, and for other
purposes"
That of the second was "To provide
foi a temporary deficiency of revenue"
q Mr.. Pughs bin provides for the issue
at once, of not exceeding $100, 900
legal tender notes to meet deficiencies
and to be redeemable in gold and silver
standard coin; for the coinage of silver
bullion in the treasury to be used In the
payment of the public expenditures; for
the issue of certificates for bullion to
be deposited, to the amount of its mar
ket value; for the reserve of $1OO, ,0OO, 900
in equal amounts of gold and silver,
and for the payment of custom duties,
one-half in gold and the other half in
other currency.
Mr. Sherman's bill authorizes the is
sue of 8 per cent. bonds for the redemp-
ton of United States treasury notes
and to pay current expenditures; also
the issue of 8 per cent certificates to
be sold at public repositories and at
postoffices, and allows the issue Of
national bank currency to the par value
of the bonds deposited therefore.
Both bills We're read in full and were
referred to the finance committee.
Mr.. Pugh made an impassioned speech
as he introduced his bill, in which he
alluded to Mr.. Vests facetious char
acterization of senators yesterday as a
lot of "old muscovy brakes" and con-
demned it as degrading, mortifying
and humiliating."
The pension appropriation bill zap
propriating s140,0OO,OOO for pensions)
was passed with an amendment to abol-
ish 81 and 81 disability pensions, and
to make the minimum of them all $6 a
month.
Breckenridge Heard From.
On the opening of the house a
message from the senate announced
the passage with amendment of the
urgent deficiency appropriation bill fol
the current year.
On motion of Mr.. Breckenridge Oem.
Ky) the amendment was disagreed tc
and a conference ordered.
Most of today's session was spent in
consideration of the Indian appropri-
alton bill without disposing of the
measure. 1t was discussed today under
the 5-minute rule and was open fol
amendment. The principal changes
made was the adoption of an amend
nIent offered by Mr.. Cobb Dem, Mo,
appropriating $l66O,OOO to pay the frs,
| instalment, due March 1, 1895, upon the
purchase of the Cherokee outlet.
Mr.. Richardson Dem., Tenn) tool
| occasion in the course of the discussion
| to deny the statement that the restora
ton to congressman of the frankine
privilege contained in the bill to regu
late the printing and distribution oi
public documents was inserted surrep
titiously. He pointed out that it haC
been offered on the floor of the house
discussed and adopted by q vote of A.
! to 40
BY unanimous consent the bill to es
tablish park at Gettysburg went Owe
until the first morning hour next week
At4.4O the house adjourned until tomor
| row.