The Caucasian. (Clinton, N.C.) 188?-1913, 1895-12-12

xrs sound aud the great lakes One
million Eve hundred thousand dollars
10 10 -. available next July. ss.eSspGi
on July I, lss.. and ss.eso.ea each year
for ten years thereafter.
uorsE
The House took q rec~ss pending the /
completion Of work IN the matter Of
arranging committees. etc
THURSDAY. psc. Z.
There Vas quite q number % hnan- |
cial matters OF interest in the senate
senator .allingcr Rep presented
resolution declaring that % Is unwise |
and inexpedien; 20 retire the green
backs. senator Mills (D~m-.l intro
duced q bill for tn. coinage of the sal
yer in the Treasury. senator Chandler
Rep pres~nteda tisl money good In
-yurrup- schemel for the free and IN
limited coinage Of gold and silver NJ
ratio OF l5i, To when England. France
and Germany shall pass similar laws.
and = memorial from the Legislature
of Montana requesting the R-pr~sen-
tatiyes of that state IN Congress to
vote AGAINST and work against any
further issue of bonGs Was presented.
my resolution relating 10 the retire-
menI of greenb3cks. said Senator Gal
lingrr, "wasm my individual act. l have
not consulted with any one about u,
but l gather from the expressions I
have heard IN the Senate and from
W hat l know Of the public sentiment,
that no one except the President wants
the greenbacks retired. IL seems To
me To be n very unwise thing To sug-
gest the retirement OF nearly tsno.oso.-
oOo Of currency. IL would bring untold
ruin upon Us. I do not think, either.
that the people want the debt Of the
government increased TO such an ex-
tent. | feel cure that IL my resolution
Is brought To = vote IL will pass by an
overwhelming vote"
The substance II ia. biiriniroduced
by senator Mills l. A. follows:
! "Directing the Secretary Of the
Treasury To have all the silver in the
Treasury coined into subsidiary coin.
and providing that when the revenues
OF the government shall be insufficient
10 meet the current expenses of the
government the Secretary shall issue
non-interest bearing legal tender
Treasury notes in amount sufficient Ia
cover the deficiency and pay out the
same in the current expenditures of
the government. and also that when
the gold reserve in the Treasury shall
; bee in excess ofs loo nsB ssD aud le gal ten
der notes are presented for redempiic n
IN coin, they shall be redeemed IN
either gold or silver coin n the discre-
ton of the Secretary. The bill also
provides that when the reserve shall
fall below slooO1on the Secretary
shall redeem the notes ia silver. II
closes with n declaration for the main.
tenance of the parity II the two metals
, and a provision for tie repeal of al
, laws authorizing the Issuance Of inter.
est bearing bonds"
The Senate took a recess until Mon.
!, day, December ..
A FRIDAY, DEc- GrH.-norsE.
= In the House a resolution OF con
/. cemnation of the Turkish atrocities
: on the Armenian Christians was in
: trotueed by Mr.. Walker, of Mass.
Among the bills introduced were ia.
I following:
o by Mr.. Wheeler, Dem Alabama
: Providing for the purchase of gold ant
1 silver bullion and its free coinage
= dispensing with the proof of loyalty IL
pension cases; admitting Oklahoms &
y statehood.
e by Mr.. Little, tDem.,) Arkansa.
n and Mr.. Hartman, CRep-,) Montana
Continued on 3rd page