The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-05
SILVER SUBSTITUTE
Senate Tariff Bill Same = ~ ssas
ate Bond Bill. IA
IT IS IN THE EXACT LANGUAGE \
Silver Republicans Arc Solidly o..
posed to It. n
MUTUAL WELFARE AXDLIBERrYI
7 IS IN THE EXACT LANGUAGE y
MUTUAL WELFARE ANDLlBERrY
Purposes OF the Proposed Conersse ~
American Republics Explatnsa q s \
Euch IN . Letter.

Washington, February 1.-THE finance
committee OF the senate has reported for
the tarifr bill substitute providing tor
the free coinage OF silver.
The substitute was agreed to by ma
iority OF one. Senator Jones OF Nevade
voting with the democrats for the sub
stitute and all republicans present voting
against IT, Senator walcott OF Colorado
was the only republican absentee and he.
tutc. Senator Jones OF Arkansas was the
only democratic H,cn,ber not present ana
was recorded as voting for It,
The substitute agreed to Is In the exact
words of the silver substitute for the
bond bill which passed the senate Satur-
day. 1t provides for the free coinage Of
silver at II ratio OF 10 TO /. directs the in-
mediate coinage into standard dollars of
the silver scigniorage In the treasury ac-
cumulated by purchases under the SHEER
man act. prohibits the Issuance OF Ma
tional bank notes OF smaller denomination
than $40 and directs the secretary Of the
treasury to redeem greenbacks and treas
TRY notes in either gold or silver exclusives
ly, at the option of the secretary, and to
reissue Erecnbacks.
As soon as the action OF the committed
became known IT was recognized that the
fate of the report would largely depend
upon the way 1t would he received by tho
silver republicans. 1t proved a completed
surprise to them and was unfavorabiy'
received without exception. 10 far as could
be discovered. They Immediately began a.
movemen. 10 have the two propositions
tarifr and silver--separated. and they Will
generally support Senator Quay's motion,
TO this effect. The silver republicans sceni
expressed themselves as follows;
Senator Mitchell Of oregon--It Is a demo-
cratic move to defeat the tariff l WON'T
vote for II.
Senator Pettigrew--I am against II. You;
might just as well try TO put the come
mandments on any bill that comes to tho,
senate. N4es
Senator Hansbrough--r win not vote Tor
II ns an amendment to the tarin bill.
Senator Clatk.-f am surprised Mt the
action of the committee. Will not say
until investigate the subject whether
! viii vote for the substitute or not.
Senator Warren--I will not vote for II;
II is not IN the interest OF silver.
Senator MANTLE am n silver man ana
may vote for the substitute. However.
viii not feel bound TO do so " II hecomee
apparent, MS the matter progresses. taat
the substitute IL intended for no other
purpose than 20 beat the tariff bill. IL
Senator WilsonI am against the SUBJ
stltute.
Senator Perkins-I do not consider my.
SELF under obligations TO support a tIea.
sure so evidently intended as this for the
purpose OF defeating tariff legislation.
Senator Pritchard--I am u silver repub-
licnn ar u for tariff as well as silver lcgia-
lnt!on hence would feel It my duty to
oppose this substitute.
Senator Teller said that he was willing
to have the bin recommitted without rc-
construction but not with. lie. however,
expressed desire to have the bill re-
ported In ouch shape as to secure vote
on both tariff and silver.