The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1896-02-08
COINAGE BILL PASSES
Senate Rider Goes Through on the
Bond Bill.
The Sixteen to One Men Prevail IN
the Upper House by a Vote
of Forty-Two to Thirty
Five.

NE al IL ~ clOck tllS morning aIter TAX
Ing a recess from 10 O'Clock last evening.
the attendance of senators was rather
slim, there being perhaps twenty in at
tendance.
The vice president laid before the SEM
ate a deficiency estimate of $500 by
the secretary Of the navy for completing
the equipment outfit of vessels of h
navy already authorized.
Mr.. Allen, pop, Nebraska. introduced
a bill to reduce public expenditures and
for other purposes which was referred
to the finance committee.
Mr.. Morrill,. rep, Vermont, chairman
of the finance committee. then adj
dressed the senate in opposition to the
free coinage substitute reported by the
committee on house bon bill.
Discussion proceeding under the five
minute rule, Mr.. Daniel, dem, Virginia,
opposed the amendment proposed by
Mr.. Butler. pop, North Carolina. re-
curing the secretay of the. treasury to
pay out either gold or silver as the case
may equire when the two metals We're
not at a parity, as one hat was imprac-
ticable.
Mr.. Gray, dem. Delaware, aid that
the practical effect of such an amend.
ment would be equivalent to a declara-
ton that the government was bound to
cheat the holders of Its obligations II 1t
could.
Mr.. Lindsay, dem, Kentucky. held
that the proposed amendment was con-
trary to the very principle on which the
friends of free coinage based their
claims.
Senators Jones, Harris. Teller and
Dubois urged that the substitute be
passed without amendment.
Mr.. Cockrell, dem. Missouri, asserted
that there had never been any greater
obstacle to securing free coinage than
the efforts of those who always wanted
more h 1t was possible to get. A
free coinage bill was not possible and
Cockrell hoped that 1t would pass with
out amendment.
Messrs. Allen. Butler, PETER and
Stewart, all populists, favored Mr.. But
ler's amendment.
Mr.. Buffers amendment was defeated
Is to 60.
Mr.. Buffers amendment sought to
prohibit any further issue of bonds and
requested payment of silver in redeem-
Ing United States notes when the metal
is worth less Than gold.
Mr.. Allen, pop. Nebraska. offered an
amendment depriving he secretary Of
IL u iiC pONe W lSSue DCIlUS
without the prior authority of congress.
Mr.. Aliens amendment was defeated
by a vote of 81 yeas and "a nays.
Mr.. Teller, rep, Colorado, replied TO
the assertion of Mr.. Morrill, that silver
was being mined at a ridiculously low
cost. He maintained that gold and sill
yer were today both being mined 1t %
cents an ounce He had ample testi-
mony to show that gold had been mined
at from 10 cents to So an ounce, and 1t
was unfair to say that silver was a
cheap metal.
Mr.. Morrill,, e Vermont, offered an
amendment providing that the seignio-
age equal to the difference between the
coinage n the commercial value OF
the silver shall be retained by the Unit
ed States. This was SO far a PROPOSE
ton, he said, hat he believed it would
be agreed to.
MI. German recalled the appeal Of the
president to congress to remain here
during the holidays n construct a
measure for the relief of the treasury.
The n a committee, hostile to the re-
lief. had reported in favor of the unlim-
tied coinage of silver. 1t was, he said,
impossible to have this substitute be-
come a law, prior at least to March I,
1897.
1t could not n would not receive
the sanction of the president. Under
the conditions existing in the senate
the friends of free coinage could not
agree upon any proposition. He there
fore moved hat the amendment offered
by the committee on finance be laid
upon the table. 1t was defeated by a
vote of 40 to "a.
Mr.. Morrill's amendment relating to
seignforage, the difference between the
coinage and the commercial value OF the
silver proposed to be coined, was defeat
ed by a vote of SO to "A.
AT 1920 O'Clock Mr.. Baker, rep, Kan
sas, desired to offer his amendment lin
ting the coinage to the American prod
uct, n Mr.. Lodge, rep, Massachu-
sets, his amendment providing for a
hundred million loan for coast defences.
Mr.. Cockrell, dem, Missouri, and Mr..
Harris, dem. Tennessee, insisted that
the agreement stipulated the final vote
on the substitute should be taken at 2
o'clock. A parliamentary wrangle then
followed.
Various amendments We're withdrawn
and the final vote on committee on
amendments was proceeded with. The
committee amendments prevailed by
q vote OF 43 to "a.
So h free coinage substitute was
agreed to.
Mr.. Lodge, when the bill was taken
from the committee of the whole to the
senate, offered his amendment provid-
ing for the issue of 500, 900, 900 Of bonds
for a coast defense loan. MI. Teller
moved to lay the amendment on the ta-
BILE and that motion prevailed.
The bill as amended by the senate.
providing for free coinage, was finally
passed by a vote of ~ to IS.