Birmingham state herald., 1896-01-08
FREE S|LVER-B|LL REPORTED It Will Be Taken Up for Consid-
 eration Today. MIR. VESTS GREAT SPEECH He Spoke for Two Hours Against Mr. Sher-
 mars Resolution. AN ALABAMA SMELLING COMMITTEE One Was Asked for by Senator Allen of Ne braska, But It Was Referred to the
 Committee on Contingent
 Expenses.
aN ALABAMA SMELLING COMMITTEE

Washington, Jan 7.-There was fair attendance of senators when the body met today and the galleries were well filed MT. Lindsay, democrat, of Ken lucky, appeared and took the oath or or flee for his new term.
 In presenting a petition from the com bination of council of Worcester. Mass. in favor of the Armenians, MT. Hoar, re- publican, of Massachusetts, inquired whether the committee on foreign rela- tions had taken any action on the numer- ous petitions referred to it of the same character. He was informed by MT. Sher- man. republican, of Ohio, its chairman' that the committee on foreign relations was animated by a most earnest deslre to relieve the Armenians if possible, but had not yet taken the subject into con sideration. The committees had only re- gently been appointed and the maller had not yet been reached
 MT. Jones of Arkansas reported rom the committee on finance the house poha hill with a substitute, and gave notice that tomorrow after the morning pusi- ness he would ask the senate 10 tahe |. up for consideration. He hoped II wouio be disposed of at the earnest poss'o'e day
 Following is the full text of the supsu- tute for the bond bill adopted by the senate finance committee. ..,.
 That from and after the passage or tnls net the hints of the United states snaii be open to the coinage or silver anu s,ea ae sholi he coined dollars of the weight or 412M grains. troy of standard silVer, nine-tenths fine, as provided by the act of January IS, 1S37 and upon the same terms and subject to the limitations anu provisions of the law regulating the com, age and legal tender quality of gold, ana whenever the said coins herein provided for shall be received into the treasury certificates may be issued thereon Tn the manner now provided by law.
 Sec. 2. That the secretary of the treas ury shall coin into standaro sliVei uoi. lars as soon as practicable, according to inc provisions of section l Of tnis act from the silver bullion purchased under authority of the act of July 14 lSsO, en- titled "An act directing the purchase ol silver bullion and the issue Of treasury notes thereon, and for other purposes, that portion of the silver bullion which represents the seigniorage or proht ito the government, to-wit: The difference between the cost of the silver purchased under said act and it's coinage value, ana said silver dollars so coined shall De used in payment of the current expenses or the government; and for the purpose or making the said seigniorage immediate ly available for use as money the sec retary of the treasury Is hereby author ized and directed to issue silver certifi- cates against it, as if it were already coined and in the treasury.
 Sec B. That no national bank note shall be hereafter issued for denomina- tion less than $10, and all notes of such banks now outstanding of denominations less than that sum shall be. as rapidly as practicable, taken up, redeemed ana cah- celed, and notes of $10 and larger denom, nations shall be issued in their stead under the direction of the comptroller or the currency.
 Sec. 4. That the secretary of the treas ury shall redeem the United States notes, commonly called greenbacks, and also the treasury notes issued under the pro visions of the act of July IA. 1890, when presented for redemption, in standard sii- yer dollars or in gold coin, using for re demption of said notes either gold or sil- yer coins, or both, not at the option or the holder but exclusively at the option monly called greenbacks, when so re- deemed, shall be reissued as provided by the act of May 31. 1878.
 MT. Morrill,, republican, of Vermont, chairman of the committee on finance, stated that the substitute was approved by majority of the committee, but not by the republican members. The bill was read in full and was placed on the calendar
 joint resolution was introduced by MT. Voorhees, authorizing General Casey Gin charge of the new library building) to contract for work yet to be done, so as to have the work completed within wear from this time and within the ap- propriation made for the purpose.
 In a colloquy on the subject 1t was stated that there would be surplus of $80,O00, "a thing never. known before in regard to any public building" The joint resolution was adopted.
 resolution was offered by MT. Voor- hees and referred to the library commit tee for the purchase at $25O of portrait of the late Allen G. Thurman, now hang ing in the room of the senate Judiciary committee.
 At the reuuest,o of Mr. Elkins his resolu- -tion requiring United States bonds to be issued after public advertisement was re- ferred to the finance committee.
 Mr. Chandler introduced popular loan bill and proceeded to explain it. He re- ferred to paragraph in a dispatch from Mr. Rothschild stating that until the boundary question was settled the Eu- ropean powers or capitalists would not take American bonds for investment. What he asked did MT. Rothschild mean by that? He meant that America should agree to Lord Salisbury's propo- sition and allow Great Britain to take substantially all of Venezuela that she needed and refer to arbitration the ques- ton whether she should have the rest or not, In that yieW of the situation it seemed to him that 1t is time for the American people and the American gov ernment to see whether or not they could raise money among themselves to carry on the government. He was satisfied that could be easily accomplished by suita- ble appeal to the people of the United States.
 One clause of it provides for postal savings bank and at MT. Chandler's re- quest the bill was referred to the post office committee.
 Mir. Allen of Nebraska offered a resolu- tion for the appointment of committee of five senators to inquire whether there is and has been for the last two and