The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1896-02-02
SILL YER WINS
IN The SENATE,
Passage of the Substitute
for the House Bond
Bill.
FORCED TO FINAL VOTE.
Many Amendments offered and
Argued, but Quickly De.
feated.
COINAGE OF THE sEIGNIoRAaE
The Measure Will Now Go Back
to the House for Con.
currence.

| WASHINGTON, D. c., Feb. The
| long struggle in the Senate over the ques-.
| ton of the free coinage of silver termi-
mated at p NJ. to-day in victory for the
| friends of silver. At 2 O'Clock the discus
sion was closed.
| Prior to that, however, Morrill, tR.) of
Vermont had offered an amendment re-
serving to the Government the seigniorage
on the silver coined and the Senate had
rejected it. German CD of Maryland
had also moved to lay the substitute on
the table and that motion was defeated.
Then came the concluding vote of 43 to "a,
and the bill thus amended passed by a.
vote of AZ to 35. It's title was changed SO
as TO make it read, $40 restore the coinage
of silver dollars and for other purposes"
All sections of the House bill are how
struck out. The bill now goes to the
House for concurrence in the substitute.
When the Senate met at II O'Clock this
morning, after taking a recess from 10
O'Clock last evening, the attendance of
Senators was rather slim. there being per-
haps twenty present.
The Weep President laid before the SEN
ate deficiency estimate Of $4,000 by the
Secretary of the Navy for the equipment
outfit OF vessels for the navy already au-
thorized.
Allen (Pop.) of Nebraska introduced a
bill to reduce public expenditures and for
other purposes, which was referred to the
Finance Committee.
Morrill, (R.) of Vermont, chairman of
the Finance Committee, then addressed
the Senate in opposition to the free coin
age substitute report by that committee
for tie House bond bill. The United
States, said Morrill,, had been the friend of
silver to its own hurt, and he continued:
IF the late investments of nearly $780,
| 000, 900 In silver had been VIGOROUSLY i'm
provident and improbable, the disastrous
results will appear as drop in bucket
when compared with what must flow from
the enormity of the present proposal, which
| is TO open all our minis to the free coinage
not only of our own silver product, but
that also of all The world, excluding nobody
| from Dan TO Beersheba, and to tempt a
great increase in the annual product both
| at home and abroad by offering United
States obligations for it at double the sum
it now commands in. any other market"
Morrill, said there were some gentlemen
who confidently predicted the overthrow
OF the gold standard party as though that
would insure. the enforcement of the sill
yer standard party. He was not aware of
a single gold standard party in America,
but there is, he said, large party-the
| Republican party-in excellent health,
which proposes to maintain both gold and
silver in circulation and to keep both
metals in good health.
The Republican party, he declared, will
| at its earliest opportunity seek the CO.
operation of the leading nations in the
| coinage of silver, and will in the mean
time aim to maintain the integrity of busi-
ness affairs and the honor of the country
by the maintenance of every dollar of
money in the hands of the people without
| depreciation at its full face value. Morrill,
concluded his speech at IL :45.
Teller (R.) of Colorado replied to the
assertion of Morrill, that silver was being
mined at ridiculousiy low cost. He
maintained that gold and silver were to-
day both being mined at % cents an ounce.
He had ample testimony to show that
| gold had been mined at from 10 cents to
So an ounce. and it was unfair to say that
silver was cheap metal.
Discussion proceeding under the five
minute rule. Daniel Cd OF Virginia OPP
posed the amendment proposed by Butler
! (P.) of North Carolina, requiring the Sec
rotary of the Treasury to pay out either
| gold or silver as the case may require when
the two metals were not at parity as one
that was impracticable.
Gray CD of Delaware said that the
practical effect of such an amendment
would be equivalent to a declaration that
the Government was bound to cheat the
holders OF its obligations if it could.
Lindsay CD of Kentucky held that the
proposed amendment was contrary to the
very principle on which the friends OF
free coinage based their claims.
Senators Jones, Harris, Teller and Du-
bois urged that the substitute be passed
without amendment, and Butler (Pop.) OF
North Carolina urged the adoption of his
amendment.
CockreH CD of Missouri asserted that
there had never been any greater obstacle
to securing free coinage than the efforts o,
those who always wanted more than il
was possible to get. A free-coinage bill
was now possible, and Cockrell hoped il
would pass without amendment. Allen
Butler, PETER and Stewart (all Populists
favored Buffers amendment.
Buffers amendment was defeated, l3 te
leo, as follows:
/ Ayes-Allen, Brown, Butler, Cameron
Cannon, George, Hill, Kyle, PETER, Roach
Pritchard, Stewart, TilIman-13.
Noes - Allison, Bacon, Baker, Bate
Berry, Blanchard, Burrows, Call, Carter
Chandler, Chiffon, Clark Cockrell, Davis
Dubois, Faulkner, Frye, Gallinger. Gibson
German. Gray, Hale, Hansbrough, Harris
Hawley, Hoar, Irby, Jones tArkan
sas). Lindsay, Lodge. Mcbride. Mcmillan
Mantle. Mills, Mitchell (Oregon), Mitchell
wisconsin,, Morgan, Morrill,, Murphy
Nelson, Palmer, Pasco, Perkins, Pettigrew
Platt, Proctor. Pugh, Shoup, Squire, Teller
Thurston, Turpie, Vest, Villas, Voorhees,
Walthall, Warren. Wetmore, White, vii
son-60.
Buffers amendment sought to prohibi
any future issue of bonds, and required
payment OF silver in redeeming United
States notes when that metal is worth les
than gold.
H. A1lop fD1->