The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-04
the Populist side of the senate to issue
greenbacks and coin the seigniorage."
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vote upon it was reached. MIR. Jones
CDem., Ark.) giving notice that he would
move hereafter 10 substitute the COM
mittee amendment for the Wolcott amend
agreed to, IS to s1cmfwypetaoinununu
ment. Mr.. Wolcotts amendment was
agreed to. 4S TO 81, as follows.
] Yeas-Allen, Bacon. Bate. Berry, But
Ter. Cannon. Carter. Chandler, Chiffon.
| Clark, Cockrell, Daniel, Faulkner, Gray,
Hansbrough, Harris, Heitfeld. Jones
| (Arko. Jones CNev), Kyle. Lindsay, Nc
Emery. McLaurin. Mallory, Mantle, Mar
tin. Mills. Mitchell Money, Morgan.
Pasco, Perkins. Pettigrew. Pettus, Prit-
chard, Rawlins, Roach, Shoup, Stewart.
Teller, Thurston. Tllman. Turley. Tur-
pie Vest Warren. White. Wolcott-S
Nays-Aldrich. Allison, Baker, Burrows.
Caffery. Cullom. Davis. DeBoe. Fairbanks
Foraker, Frye, Gallinger. Gear, German.
Hale. Hanna. Hawlev, Hoard, Lodge, Nc
Bride. Mcmillan Mason, Morrill,. Muir
ply. Nelson. Platt (Conn), Plat IN. ",
Proctor. Sewell, Spooner, Wetmore-31.
| TETH o FTHE AMENDMENT.
The amendment as agreed Is is as fol-
lows:
That the secretary Of the treasury shall
Immediately cause to be coined, as fast as
possible, into standard silver dollars, to an
amour. OF not less than $1,000 900 per
month. which shall be of like weight and
hneness, and OF like legal tender quality
| as those provided for under existing law,
| all the silver bullion in the treasury
| That the secretary of the treasury Is
authorized and directed to issue as said
| silver IS coined, silver certificates Of SINH
lar design and denominations and OF the
! same quality. payable and 'redeemable in
like manner as those authorized by law,
to the amount Of the gain, or siegnorage,
derived from the purchase OF silver bull
! lion by the treasury under the act Of July
! IA. 1890, until the sum of s42, 900 900 shall
! have been issued.
That all said moneys so coined. includ-
Ing the amounts 0 fthe gain. or siegnior-
age, 20 coined. shall beu sed both for the
redemption of the treasury notes hereto
fore issued under and by virtue of the act
Of July a. 1890. and for the redemption Of
tn certificates issued under this act"
BONDS BROUGHT UP.
MIR. Aldrich moved to strike out the COM
mitteee amendment providing for the Is
sue OF legal tender notes and substitute
the bond provision offered by the Re-
publican minority of the finance COM
mittee. Upon this motion he demanded
the yeas and nays.
Before the vote was taken, however. the
subject was discussed by Mr.. Stewart.
Mr.. Daniel and Mr.. Mantle.
Mr.. Mantle expressed his general appro-
vol pf flNn IeFi f1r
sion but announced his apprehension that
the issuance of greenbacks might prove
precedent that would come time arise to
plague the friends Of bimetallism.
Mr.. Fairbanks (Rep. Ind.) supported the
provision for bonds and time certificates,
taking the position that feature years
should pay part OF the expenses of the
war. He attacked the proposition to sub
stitute gTeeenbacks and TO coin the sieg-
niorage as deliberate attempt TO initiate
the currency and imperIl the present gold
standard"
Mr.. Money Oem. Miss.) and Mr.. Bate
(Dem. TENN expressed the opinion that
the bond proposition might go over until
December, both expressing the belief that
the war would be short-lived. At the con-
clusion of Mr.. Bates speech a vote was
taken upon Mr.. Aldrich's motion TO SUBJ
stitute the bond provision offered by the
minority fthe committe, for the para
graph authorizing the Issue of legal ten
der notes.
SUBSTITUTE COMES.
The motion was carried by the decisive
vote of 46 to 81, as follows:
Yeas-Aldrich, Allison. Baker. Burrows,
CaHery. Carter Chandler, Clark, Cullom,
Davis. DeBoe, Elkins, Fairbanks. Faux
ner Foraker. Frye. Gallinger. Gear. Cor
man, Gray Hale, Hanna, Hansbrough,
Hawley, Hoar, Kyle. Lindsay, Lodge, Nc
MILAN, Mason, Mitchell, Morrill,. Murphey
elson,, Perkins, Plat (Conn.(, Plat IN.
". sewell. shoup. spooner. Warren.
Watmore, Wilson, Wolcott-45.
Nays-Allen, Bacon, Bate Berry. But
Ter. Cannon, Chiffon. Clay. CockerelI,
Daniel. Harris. Heitfeld. Jones (Ark.).
Jones (Nevada). McEnery. McIaurin,
Mantle, Martin, Mills. Money. Pascoe,
Pettigrew. Pettus. Rawlins. Roach. Stew
art, Teller. Turley, Turpie, Vest, White
81.
The commtte amendment striking out
the house bond provision was then ag
reed 10.
TO PROMOTE BrMETAILrSM.
Mr. Chandler CRep. ". HI offered his
amendment inserting & declaration that
the policy of the United States is not to
commit the country moro thoroughly to
the single gold standard, but that The ef-
forts OF the government shall be steadily
directed to coin both silver and gold as
standard money.
Mr. Stewart offered as an amendment TO
Mr. Chambers amendment a provision
that no bonds issued under thi sact shall
be used as basis OF bank currency.
Mr.. Morgan gave notice OF an amend
nent directing the secretary ot the treas
ury 70 enforce those provisions OF the In
come tax law OF 1894 not expressly de-
clsred by the supreme courts decision 10
be unconstitutional.
Mr. Morgan spoke In support OF The
amendment and attacked the national
banks. which, he declared, were behind
the conspiracy 10 force bond issue upon
the people.
The amendment offered by Mr.. s,swsr;
was laid on the table. on motion OF M
Chandler. - 20 q
INTERNATIONALLY. AS WELL.
Mr. Hoar proposed an amendment 70
be added TO Mr.. Chambers amendment.
as follows:
And 10 this end 70 relax no EFFORT .
secure the cooperation Of the principal
commercial nations OF the world
The amendment was agreed 10. g to -.
In 4 speech treating ~ the rev condi-