The evening times., 1896-02-01


| Senators was rather slim, there being per-
haps twenty in attendance.
The Vice President laid before the SEN
| ate deficiency estimate of 500. 900 by the
Secretary of the Navy for completing the
equipment outfit OF vessels of the navy al
| ready authorized.
Mr.. Allen introduced a bill to reduce pub
lie expenditures, and for other purposes.
! which was referred to the Finance Commit
| tee
Mr. Morrill, chairman OF the Finance Conn
mittee, then addressed the Senate in oppO.
| sition to the free coinage substitute re-
| ported by that committee for the House
bond bill.
Mr.. morrill, concluded his speech a / At.
Mr.. Teller replied to the assertion of Mr..
Morrill, that silver was being mined at q
ridiculOusly low cost. He maintained that
gold and silver were today both being mined
| 1T % cents an ounce. lie had ample testi-
| mOny TO show that gold had been mined a t
| from 10 cents TO So an ounce. and IL was
| unfair to say that silver was a cheap p
metal.
OPPOSED BY Mr.. DANIEL.
Discussion proceeding under the five
minute rule, Mr.. Daniel opposed the amend
ment proposed by Mr.. Butler, requiring
! the Secretary OF the Treasury to pay out
either gold or silver, as the case may
require, when the two metals were not at 4
parity, as one that was impra cticabc.
Mr.. Gray said the practical nature OF such
an amendment would he equivalent to a
declaration that the government was bound
to cheat the holders OF its Obligations if it
tSuld.
MIR. Daniel construed Mr. Buffers amend
ment to be one compelling the officials to
pay Out the cheaper metal. The true policy
was that this discretion should be left to
The Trea sury Ia pay in cit her metal, SO that
no man would know what ne would get.
This would prevent the depreciation of
either metal and keep them both at a parity
Mr.. Butler urged an answer Ia the ques-
tion which metal should he paid out-gold.
which is at a premium, or silver which is
below par
Mr.. Daniel thought they should be used
indiiferently. The Secretary OF the Treas
ury, in paying out either metal. should be
guided by discretion governed by the
conditions and circumstances at the time
existing, which his judgment suggests as
the best means for maintaining the parity
of the two metals.
1t would be impossible TO lay down any
fixed statutory provision to control that
discretion, just rs it would be inpossiblenow
to tell a military commander what he
should do under certain conditions while
under fire.
Don't you think the action OF the Secre.
| tary OF the Treasury has caused disparity
between the two metals?' asked Mr.. But
| Ter.
| Ter.
when discuss that question said Mr..
| Daniel Il must have more time. and at a
| season when it is aprupos. For that reason
| l must decline to answer the question:
| Mr.. Lindsey held hat the proposed amend
| ment was contrary To the very principle
On which the friends of free coinage based
| their claim.
Senators Jones, Harris and Dubois urged
that the substitute De passed without amend
ment.
Mr.. Butler urged the adoption of his
amendment. He did not want to see free
coinage bill become a law until something
like his amendment became Il law with
it, Free coinage. pure and simple, would
not bring about parity.
HANG THEIR HEADS IN SHAME.
'If you don't pass this amendment"
said Mr.. Butler, every free coinage man
| will have to hang his head in shame"
| Without his amendment, free coinage was
| useless.
Tue amendment compeIs the Secretary of
| the Treasury to pay out silver when that
metal was worth less than gold.
Mr.. Cockreil asserted that there had never
DeeE any greater DDstatle 10 securing Tree
coinage OF silver than the efforts OF those
who always wanted more than it was posi-
bic to get A free coinage bill was now
possible, and Mr.. Cockrell hoped that il
would pass without amendment.
| Messrs. Allen, Rutler, Peffer and Stewart,
all ,Populists, favored Mr.. Buffers amend
ment.
Mr.. Buffers amendment was defeated
13 to 60, as follows:
SeaS-A lien. Hrowu Rutlpr Came ron
Cannon, George. Hill. Kyle. PETER, Pritch-
| ard, Roach, Stewart, TillmaD-13.
Nays-Allison, Bacon, Baker, Bate, Ber-
| ry, blanchard, Burrows, Call, Carter. Chand-
| Ter, Chiffon Clark, Cockrell Davis. Dubois
| Faulkner. Frye, Gallinger, Gibson, German,
Gray, Hale, Hansbrough, Harris, Ha wiley,
Hoar, 1rby, Jones OF Arkansas, Lindsay
Lodge. Mcbride, Mcmillan, Mantle, Mills.
Mitchell OF Oregon, Mitchell of Wisconsin,
Morgan, Morrill,, Murphy, Nelson. Palmer
Pascoe. Perkins, Pettigrew, PIatt, Proc
tor, Pugh, Shoup, Squire, Teller, Thurston,
Turpie. Vest, Villas. Voorhees, Waltlial
Warren, WetnIore, White, Wilson-60.
Mr.. Allen offered an amendment depriy-
ing the Secretary of the Treasury of the
power to issue bonds without the prior
authority of Congress.
Mr.. White thought ii unwise to load the
measure with Greek" amendments. Gifts
of that character might result in the defeat
of the substitute.
Mr.. Aliens amendment prohibiting the
future issue of bonds without Congress
| having declared the necessity therefor was
defeated by a vote OF 81 yeas and 54 nays.
Mr.. Morrill, Offered an amendment pro-
viding that the seigniOrage equal to the
difference between the coinage and the
commercial value of the silver shall be re-
| tanned by the United States. This was SO
| fair proposition. he said. that he believed
| it would be agreed to.
MR. GORMAN'S MOTION.
Mr.. German recalled the appeal of the
President to Congress to remain here dur
| ing the holidays and construct q measure
| for the relief OF the Treasury. The Senate
committee. hostile to that relief, had re-
| ported in favor of the unlimited colnag &C
| OF silver. 1t was. he said, impossible tn
have this substitute become a law. prior {
| least to March 4. 1897.
1t could not and would not receive the
| sanction of the President. Under the con-
| ditions existing in the Senate the friends of
| free coinage could n otagrec upon any propo-
sition. He therefore moved that the amend
ment offered by the Committee on Finance
| be Laid upon the table. 1t was defeat ted by
| vote OF 43 to "a, as follows
Yeas-AIlison. Baker, Burrows, Caffery,
| Chandler, Davis, Elkins. Faulkner, Frye,
| Gallinger, Gear, Gibson, German, Gray,
| Hale. Hawley. Hill, Hoar, Lindsay, Lodge.
Mcbride, Mcmillan, Martin, Mitchell of
| Wisconsin. Morrill,. Murphy, Nelson, Palmer,
| Platt. Proctor, Sherman, Thurston, Villas,
| and wetnore-34.
Nays-Allen, Bacon, Bate, Berry. Blan-
chard, Brown, Butler, Call, Cameron. Can
| non Carter, Chiffon, Clark. Cockreil, Daniel,
George. Harris, Irby, Jones of Arkansas,