The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-04


to coin the silver bullion in the treas
ury and to issue silver certificates
against the coin. and thsother a bond
proposition presented by the republican
minority of the committee on finance.
In lieu of the seigniorage amendment
offered by the majority. Mr.. wolcott.
rep. Colo, proposed an amendment
authorizing the secretary of the treas
ury to coin the silver bullion in the
treasury and to issue silver certificates
against IL. After some discussion a
vote was reached. and the amendment
was agreed to. as to 81. several republl-
cans voting for 1t.
Mr.. Aldrich. rep. II. J.. then pressed
the amendment If the minority of the
finance committee providing for the is
sue of sl00.000.O00 of certificates of in
debtedness and $500 200. 600 of bonds. to
be used exclusively for the payment of
the expenses of the war. After an ex-
nded debate the question was brought
to an issue and by the decisive vote of
IS to 81 the bond amendment was in
corporated in the bill as a substitute
for the amendment to issue legal ten
der notes. The bond proposition re-
ceived the votes of 81 republicans.
democrats and 1 populist. The demo-
Gratis who voted for II were Messrs.
Caffery. Faulkner. German, Iray.
Lindsay. Mitchell and Murphy. and the
populist was Mr.. Kyle. No republicans
voted against the issue of bonds. the
votes in opposition to bonds being cast
by 81 democrats. populists and silver
republicans.
Just before adjournment this evening
a nsational speech was made by Mr.
Wolcott. rep. Colo, In reply TO some
suggestions concerning the bimetallic
commission made by Mr.. Allen, oop.,
Neb.
The senate concurred in the house
amendment to the bill removing all dis
ability imposed by the l4th amendment
10 the constitution. Consideration OF
the war revenue measure was resumed
at the conclusion OF the morning busi-
ness. Mr.. Jones. dem. Ark, expressed
the opinion that all the revenue fea-
lures OF the bill ought to be completed
and passed upon before the bond pro-
vision was passed upon. on account tina {
the amount OF revenue raised might
have great weight in the determina-
tion of some other pending amendment.
Mr.. Hale. rep, Me. inquired wheth-
er Mr.. Jones thought the small amount
comparatively that would be raised
would be sufficient.
Il have no doubt" he continued.
that IL this war lasts a year IL will
cost the government between 800. 900. :
900 and $500 900. 900. That is my predic-
tion. and I put myself on record TO
that effect"
Mr. Hale said he had examined all
the estimates made upon the expenses
OF the war and he was satisfied they
would reach certainly 500, o00.0 Mr..
Tell. sill. rep. Colo. reviewed the leg
islation during the past 10 years, and
said ID was evident that this bill was
not to be a temporary measure. IL
was to all intents and purposes TO be
| a permanent law.
"It is the duty Of the senate" he
said Ito take sufficient time for the
| consideration of the pending bill to de-
termine how much money IL will raise.
| do not want to vote upon the bill
unless we know what IL will produce in
revenue"
Mr. Aldrich said that careful esti-
mates had been made of the revenue
producing qualities of the bill. and he
was satisfied that the amount would be
between sl50.o0o.000 and 5000, 1000, 900,
certainly not in excess OF the latter
sum.
Mr.. Allison said without including
the last 5000 of volunteers called for,
the estimate Is made that the war ex-
penses for the first year wound be at
| least 1873, 900. 900. He regarded an adj
dition OF $1,000. 900 for the additional
volunteers as entirely reasonable.
Mr.. Morrill,. rep, VT. the venerable
chairman of the finance committee. de-
| livered a short speech in opposition Ia
"the propositions that come to US from
| the populst side OF the senate TO issue
greenbacks and coinage OF the seign-
| forage"
Mr.. wolcott rep, Colo. proposed an
| amendment TO the amendment upon
! the coinage of the seigniorage. IL was
| i'm the nature OF a substitute. and after
being slightly amended a direct vote
upon IL was reached. Mr.. Jones. dem.
| Ark. gave notice that he would move
hereafter to substitute the COMMITTEES
| amendments for the Wolcott amend
ment. Mr. wolcotts amendment was
| agreed to. as to 81. as follows:
Yeas-Allen. Bacon, Bates. Berry
/ Butler. Cannon. Carter. Chandler, Chill
] ton. Clark. Cockrell. Daniel. Faulkner
/ Gray. Hansbrough. Harris. Heitfeld
\ Jones OF Ark. Jones of New, Kyle
Lindsay. McEnery. McLaurin. Mallory
I Mantle. Martin. Mills. Mitchell. Money
| Morgan. Pascoe. Perkins. Pettigrew
/ Pettus. Pritchard. Rawlins. Roach
Shoup Stewart. Teller. Thurston, Till
man. Turney. Turpie. Vest. Warren
/ White. wolcott-4s.
| Nays-Aldrieh. Allison. BAKER, Bur
/ rows, Caffery, Cullom. Davis. Deboc
/ Fairbanks. Foraker, Frye. Gallinger
/ Gear. German. Hale. Hanna. Hawley
/ Hoar. Lodge, Mcbride. Mcmillan. Ma
| son, Morrill,. Murphy. Nelson. Plat OF
/ Connecticut. Platt of New York. Proc
tor. Sewell. Spooner. Wetmore-3l.
The amendment as agreed TO Is
I THAT the secretary OF the treasury
I shall Immediately cause 10 be coined a:
fast as possible into standard silvel
\ dollars tO an amount OF not less thar
81. 600 600 per month, which shall be o.
/ ike weight and fineness and OF lik'
legal tender and quality as those pro
I vided for under existing law. all th'
silver bullion now held i'm the treas
| ury.
/ THAT the secretary of the treasury