Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-06-03
Wolcott's Substitute for the Seignior-
age Provision of the Revenue Bill.
Vote ON MEASURE TODAY PROBABLE
House First Agreed to Adjouro
Until Monday.
THEN REVERSED IT'S ACTION


propriating s70.otO for the necessary ex-
pense. was passed by the Senate at the
opening of today = session.
Removing Disabilities.
The Senate concurred in the House
amendment to the bill removing all disabili-
ties imposed by the fourteenth amendment
to the Constitution.
Consideration of the war revenue measure
was resumed at the conclusion of morning
business.
In the course of brief colloquy concern
ing the priority of amendments yet to be
considered. Mr.. Jones tArk.) expressed the
opinion that all the revenue features of the
bill ought to be completed and passed upon
before the bond provision was passed upon.
because the amount of revenue raised
might have great weight in the determina-
ton of some other pending amendments
He was satisfied. he said. that the bond
provision would be incorporated in the bill
but held that senators ought to know W hat
the bill would raise approximately before
being called upon to vote on the bond ques-
iion.
Mr. Hale (Ie.) inquired whether Mr..
Jones thought the small amount, compare
lively, which would be raised by the pend
ing revenue amendments would be suf-
hcient- Il have TO doubt, he continued
that if this war lasts q year it will cost
the government between 500 900 goo and
SSVu.Oo0 600. That is my prediction. and l
put myself on record to that effect
MIR. Jones said that so much money might
be spent, but he did not think so. He was
satisfied. at all events, that an issue of
bonds was unnecessary.
81 do not believe" said he. "that the war
will last one year six months or anything
like that time. And the cost will certainly
be much less than stated by the senator
(Mr. Halel. The Secretaries of War and
Navy each made an estimate of the ex-
penseS for one year, and their aggregate
estimates We're only about half the estimate
of the senator from Maine
Mr. Hale pointed out that war was so
expensive as an expeditionary war He
said he had examined all the estimates
made upon the expenses of the war and he
was satisfied they would reach certainly
kiOO,UuU,OOO.
Great Navy in the Future.
Mr. Teller (ColD reviewed tariff legisla-
ton during the past ten years and then said
it was evident that this bill was not to be
Il temporary MEASURE. 1t was to all intents
and purposes to be 4 permanent law The
expenses of the war would be large but
they would not end with the close of the
war The United States he said proposed
70 have great navy. commensurate with
ths dignity and development of our country
and, in addition, all the cities along The At
lSnuc and Pacific coasts had a right to de-
na11 protection from foreign invasion. The
expenses OF the government were great
new but they were certain 20 be greater at
the close of the war.
1t the duty of the senate" said ne.
80 take sufficient time for the considera-
tlon of the pending bill to determine how
Ihuch money 1t VIII raise. do not want 10
vote upon the bill until we know what it
Will produce in revenue. The government
will not BE- tempered in any way if this
Dill Goes not pass for ten days until July
Mr.. Aldrich said that careful estimates
had been made of the revenue producing.
qualities of the bill. and he was satisfied
the amount would be between $IJG,Oo0, $40
air,IN-
the latter sum
The expenses of the war would not be
less, he said. than S'tD 900 600 and he be-
Heved they would far exceed that sum
Mr. Hale interrupted Mr. Aldrich to saw
that the expenses of the war thus far had
been quite $n0.O00.OO0. The general de-
fic.ency bill would carry more than $780,
Oh,Wo of war expenses already incurred.
Mr.. Allison. in charge of the BILL said he
had made as careful estimate of the
revenue producing qualities of the bill
was possible. Estimates had been made
also of the expenses of the war. Without
including the last 1900 of volun teers called
for the estimate made was that the war
expenses for the first year would be at
least $II9,Up,eO1. He regarded an addi-
ton of SI5,GJ0.OOo for the additional volun-
teers as entirely reasonable.
Mr. Aldrich then proceeded with his
Statement, maintaining that while IL was
impossible to make accurate figures upon
the producing qualities of the bill the COM
rnittee had made the closest possible est
mates.
In 4 coiIoquy between Mr.. Aldrich and
Mr.. Alien (Neb), the former said: Il never
have agreed with the senator from Ne
braska upon any matter concerning the
treasury. and if ! stayed here 4 hundred
him"
THAT indicates, to me-" replied Mr. AL
len. that l am quite right
Mr.. Teller insisted that it was evident
the committee did not propose to make an
estimate because its desire was to keep the
Senate and the country in the dark.
AIR. Morgan (Aia.) said the committee
knew it had the power to force issue Of
Understanding obligations and it simply
proposed 70 exercise that power.
Mr.. Piatt (COnnD made a brief argument
In support Of the position taken by the re-
publican minority of the committee.
Mr.. Morrill, (Vt). the venerable chairman
Of the finance committee, delivered a short
speech in opposition to the propositions
that come to us from the populist side of
the Senate to issue sreenbacks and coin The
seiguiOrage.'
This scheme. he said. was being "helped
a:CnS by some Of our naughty boys" He
then made brief argument against the
coinage Of the seigniorage. concluding by
saying that if bimetalism should ever be
adopted. il would be at a different ratio
than Is 70 /.
Following this desultory debate it was
agreed 10 consider the committee amend
mcnts yet to be disposed Of the motion
OF Mr.. Aldrich to strike out the committee
amendments providing for the coinage of
the silver seigniorage. the issue of Silver
certificates and the issue of United States
notes. and the substitution Of the bond
provision being the pending question.
Nr. WoIcotf's Amendment
Mr.. WolcOtt (ColD proposed an amend
ment to the amendment of the committee
upon coinage OF the seigniorage. 1t was in
the nature of a substitute. and after being
Slightly amended a direct vote upon it was
reached, Mr.. Jones (Ark) giving notice
that he would move hereafter to substi-
tuJe the committee amendment for the
Wolcott amendment.
Mr. WOlcottS amendment was agreed TO
- to 31-as follows:
Yeas-Allen, Bacon, Bate, Berry. Butler,
Cannon, Carter. Chandler Chiffon, Clark,
CCckren, Daniel. Faulkner Gray, Hans
brough. Harris. Heitfeid Jones (Ark) },
Jones New. Kyle. Lindsay, McEnery, Nc
Iaur!n. Mallory, Mantle, Martin, Mills
Mitchell. Money, Morgan. Pasco, Perkins.
PettiSrew. Pettus, Pritchard. Rawlins.
Roach, Shoup. Stewart. Teller, Thurston,
Tillman. Turley, Turpie, Vest, Warren,
White. Wolcott-4s
Nays-Aldrich. Allison, Baker, Burrows
Gallery, Cullom. Davis, Deboe Fairbanks
Foraker. Frye. Galnger Gear German
al