St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-03
FREE COINAGE MEN WILL PRE-
SENT A SUBSTITUTE FOR THE
BOND BILL.
MANY PARTY CONFERENCES.
PROPOSE TO WITH
HOLD AUTHORITY TO ISSUE
BONDS.
They May Agree to the Mckinley
Duties III by Doing So They
Can Pass the Bill,

WASHINGTON, jan. 2-The senate
hnance committee met this morning
and adjourned at 1890 until tomorrow
No action was taken and no vote was
mad. The bond bill was discussed. bur
the tariff bill was not taken up. Sen
atofs White and Wolcott were not pres
ent. Senator Vest also absent. so that
the Tree silver men and anti-silyer men
were a tie. 1t is understood that the
intention Of the silver men is to report
either free coinage substitute or
amendment to the bond bill-probably
an amendment. After the regular
meeting of the committee the Repub-
ncan members held a conference in the
committee rooms and the Democrats
In the district committee room. SEN
ator Jones Pop., New, went with the
Democrats, as the conference was con-
sidered silver conference more than
anything else. The silver men unani-
mously decided to insist on an amend
ment, In the nature of an entire sub
stftute, providing for free coinage of
silver and the elimination of all au-
thority for the issuance of bonds. SEN
ator Jones, of Arkansas, was delegated
10 prepare measure in accordance
with these views, to be submitted to a
full meeting of the committee as soon
as 1t can be completed. There is hope
that the bill can receive final consider
alton at the hands of the committee
in time to permit reporting to the SEN
ate tomorrow, but this may not be
accomplished. The absentees Will be
paired when vote is reached in COM
mittee. The Democratic and silver
members concluded their conference
before o'clock, but the Republican
and anti-free coinage members contin-
ued theirs in the afternoon 1t is quite
definitely determined, however, that
they will make minority report. The
majority of the Republicans will op-
pose the reporting of the substitute
bill tomorrow, but will ask that the
report be postponed until Thursday
next.
REPUBLICAN WISHES.
The Republicans probably will sug-
gest a few minor amendments, but
they will be directed at the phrase.
ology of the measure. The second Sec
ton of the bill is considered somewhat
ambiguous, and they favor that it be
SO altered as to restrict the issuance
or certificates Of Indebtedness to $50,
100000 at one time. Senator Sherman
suggested change in the provision
for the retirement of the greenbacks.
but the suggestion did not meet with
general favor. mr.
upon. The Republicans, in their con-
ference after the Democrats Withdrew.
also discussed the tariff bill at length.
they had before them all the amend
ments which have been offered in the
senate, and devoted themselves espe.
cially to considering the feasibility of
so amending the bill as to ensure its
passage. 1t was suggested that some
of the Western Republicans, led by
Senator Mitchell, of Oregon, would de-
mand the restoration of the full Nc
kinley duty on WOOL and the senators
concluded to investigate the probable
ity Of strengthening the measure by
complying with this demand. They
gave like consideration to the known
wishes of other senators, and, without
deciding on any changes, concluded
to get all the light they could obtain
before proceeding to any definite
course of action on the tariff. While
the silver members of the committee
have not decided on the exact phrase
ology of the substitute which they will
present, it is understood that the
wording in a general way will follow
that of the amendment offered by Sen
ator Jones, of Arkansas, and the reso-
luton introduced by Senator Vest.
FREE AND UNLIMITED.
The first section of the Jones amend
ment will be so changed as to pro-
vide for absolute free and unlimited
coinage of silver at 16 to l. Another
provision of the substitute will look to
the issuance of silver certificates on
the silver dollars to be coined under
the first section. The issuance of
bank notes of denominations of less
than SO will be prohibited; the secre-
tary Of the treasury will be directed
to coin the silver bullion now in the
treasury for the purpose of redeeming
the treasury notes issued under the
act of 1890, and provision will be made
for the redemption of the greenbacks
In either gold or silver.