The times. [volume] (Richmond, Va.) 1890-1903, 1895-01-30
sEyATE FINANCE COMMITTEE.
Nothing Accomplshed-rext of Mr.. voor-
bee's BiIl.

Nothing gAccompIshrd-Text of Mr.. voor-
bee's BiIl.
WASHINGTON. jan. 29.-The Senate
Finance Committee held two long ses-
sions to-day, without accomplishing any
thing The second session began at 2
l.. NJ. Mr.. Voorees mad an .he mean
time formulated his views into DILL
which he had printed, and now submitted
il TO the committee. 1t was soon ap-
parent that nothing could be done, and
an adjournment was taken, with nothing
accomplished.
The following is the tull text Oh MI
Voorhees, bill:
BE it enacted etc, that to enable the
Secretary of the Areasury to provide for
and maintain the redemption Of United
States notes, and also 10 enable him TO
pay currency deficiencies in the revenue,
ne IS authorized, IN addition TO the pro
visions of the act Of January II. 1910,
from time 10 time, within his discretion,
to issue certificates Of Indebtedness or the
United States, payable TO the bearer IN
coin, after three years rom date, at the
option of the United states, OF the de-
nominations of so, $50 ane B. with SEMI
annual coupons for interest, at the rate
Of per cent. per annum. and to sell
and dispose Of the "4me for not less
than an equal amount of lawful money
OF the United States. He shall offer
said certificates at designated repositories
of the United States, and at such post
offices as he may select. And such GER
tihcates shall have like qualities, provi-
sions and exemptions described in the
resumption act of January II, 1872, Tor
the bonds herein authorized, and the
proceed thereof shall be used for the
purposes described in this act, and for
no other purpose.
Section THAT upon any deposit al.
ready or Hereafter made, in the manner
required by law, OF any United states
bonds or certificates bearing interest, any
national banking association making the
same shall be entIued 10 receive from
the Comptroller Of the Currency circu-
lating notes Of different denominations, In
blank. registered and countersigned, as
provided by law, not exceeding IN the
whole amount the par value of the bonds
deposited Provided. that at no time
shall the total amount Of such notes Is
sued 10 any such association exceed the
amount at such time actually paid in OF
its capital stock.
Section 3-That from and after the pas
sage Of thist act the Secretary OF the
Treasury is hereby authorized and oil
rected TO receive at any United States
mint from any citizen of the United
and coin the same into silver dollars OF
12l-2 grains each. The seigniorage on
The said bullion shall belong 10 the United
States and shall be the difference be-
tween the coinage value thereof ana the
price of the bullion in London on the day
The deposit is made: and all expenses for
the coinage shall be paid out OF the sal1
seigniorage: and tlra Secretary oI the
Treasury shall deliver the depositors ol
such bullion standard silver dollars, equal
i'm amount to the price thereof as aiore
said. and whenever the said coins here
I'm proyided for shall be received into the
Treasury. certificates i'm denomination ol
less than ten dollars may he issued
thereon. in the manner now provided Dy
law
TIE VOTES.
Three separate votes were taken. me
first was on a motion 10 strike out the
third section. which provides for the
unlimited coinage of silver etc. This re-
suited I'm a tie vote as follows.
To strike out-Messrs. Aldrich, Allison
Sherman and Morrill,. Republicans ana
Nlcphersca, Democrat. Mr.. Jones vi
Nevas;a. was absent and not paired
,r,ose voting 10 retain this provision
y9ere: Messrs. No-rht IS, Jones tArK.l
Harris White and Vest, Democrats
rho vote TO report the bill as submitted
bv Mr.. Voorhees, was as follows:
For reporting: Me5srs. Harris, Noor-
hees. Jones e.,..u,,,,
AGAINST reporting: Messrs. Sherman,
Morrill,. Aldrich, Allison, Mcpherson
Vest and White.
The vote was then taken on Mr.. Al
dricb's proposition to report the first two
eections of the bill. and II was defeated
bv . Tie vote. the same as that taken
ON the free coinage section.
After this action Mr.. Vest took from ms
nockot a free coinage bill prepared by
Mr. St John. of New York, and offered
Il for the consideration of the committee.
oor1D .GRFE 70 NOTHING.
Afr Aldrich offered as a substitute the
Snrino.r bill. drawn to meet the wishes OF
,ba president. but the committee adjourn
"a almost ir1mediately, without taking
4 nrorninent member of the committee
eafd after the meeting that the result
sbcwed that the senate Committee
could agree TO no proposition looking 10
the relief of the Treasury, and all II
could now do was 10 await the action OF
the House and consider such bill as
II might see fit to present.
The committee adjourned without TX
ing anv time for "A special meeting the
situation. which appeared somewhat
cleared during the earlier hours OF the
da,, 10 nov more beclouded than ever.
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