The daily morning journal and courier., 1895-01-30
MORE CLOUDED THAN EVER
GREAT FIGHTING GOING ON ON
 THE NEV FINANCIAL BILL.


 Was Taken 1t Resulted in Tie and Then
 Nothing Was Done.
 Washington, Jan. 29,-As soon as the finance committee assembled this after noon MT. Voorhees, who had had his bill printed since the morning adjourn ment, submitted it to the committee. Several votes were taken and it was soon apparent that nothing could be done, and an adjournment was taken with nothing accomplished.
 The following is the full text of MT. Voorhees, bin:
 Be it enacted, etc, that to enable the secretary of the treasury to provide for and to 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 1875, from time to time, at his discre- ton, 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 United States, of the denominations of $20, $50 and $100 with senli-annual coupons for interest at the rate of 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. He shall offer said certificates at des- ignated Repositories of the United States and at such post offices as he may se- lect And such certificates shall have like qualities, privileges and exemptions described in the resumption act of Jan uary IA, 1875, for the bonds herein au- thorized, and the proceeds thereof shall be used for the purpose described in this act and for no other purpose.
 Section 2-That upon any deposit all ready or hereafter made in the manner required by law of any United States bonds or certificates bearing interest any national bank association making the same shall be entitled to receive from the comptroller of the currency circulating notes of different denomina- tions, in blank, registered and counter signed as provided by law, not exceed ing in the whole amount the par value of the bonds deposited; provided that at no time shall the total amount of such notes issued to any such associa- tion exceed the amount at such time actually paid in of its capital stock.
 Section 3-That from and after the passage of this act the secretary of the treasury is hereby authorized and di- rected to receivs at any United States mint from any citizen of the United States silver bullion of standard fine ness, and coin the same into silver dol lars of 4122 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 the bullion in London on the day the deposit is made, and al4 expenditures for coinage done under the provisions of this act shall be paid out of said seigniorage; and the secretary of the treasury shall deliver to the depositors of such bullion stand ard silver dollars equal in amount to the price thereof as aforesaid; and whenever the said coins herein provid- ed for shall be received into the treas ury certificates in denominations of less than ten dollars may be issued thereon in the manner now provided by law.
 Three separate votes were taken. |
  out the third section, which provides for the unlimited coinage of silver, etc. This resulted in tie vote.
 To strike out-Messrs. Aldrich, Ali l son, Sherman and Morrill,, rep, and NcPherson, dem. MT, Jones of Nevada | was absent and not paired. Those vot- ing to retain this provision were | Messrs. Voorhees, Jones of Arkansas, | Harris, White and Vest, dem. The l vote to report the bill as reported was l as follows: For reporting AL 1 drich, Allison, McPherson, Vest and l White. The vote was then taken on | MT. Aldrich's proposition to report the | first two sections of the bill and it l was defeated by tie vote-the same as that taken on the free coinage section. After this action was had MT. Vest 1 pulled from his pocket free coinage bill prepared by Mir, St. John of New York and offered it for the considera- tion of the committee.
 MT. Aldrich offered as a substitute | the Springer bill, drawn to meet the wishes of the president; but the com mittee adjourned almost immediately without taking any action.
 A prominent member of the commit tee said after the meeting that the result showed that the senate commit tee could agree on no proposition look ing to the relief of the treasury and that all it could now do was await the action of the house and consider such a bill as it might see fit to pass The republicans, it appears, went as far as they could in agreeing to report the first two sections of MT. Voorhees, bill, although all of them would have liked something more in line with republican policy.
 This, however, the democrats re- fused to permit The committee ad- journed without fixing any time for special meeting. The situation, which ap- peared somewhat cleared during the earlier hours of the day, is more be- clouded than ever.
 Tt now looks" said Mir Walker of Massachusetts, "as though the admin istra tion banking bill introduced by MT. Springer may be amended so as to make it acceptable to the business in- terests of the country"
 Appearances indicate that the bill will be reported from the committee l in such shape" said MT. Russell of I l