The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-04
COIN THE SElGNIORAGE.
Senate Passes that Clause Of
the war Bill.
re FOR1Y.EIGHr TO THlRTY.ONE
. bond Provision Also Carries by
decisive votc-Doth Mills and
Chiffon Vote Nay.

Washington, June IA bill authorizing
secretary OF the treasury to keep GER
! life saving stations on the Atlantic
Gulf coasts open and manned during
ke and July, and appropriating $4,000
the necessary expenses. was passed by
senate at the opening of today's ses-
he senate concurred in the house
kndment to the bill removing all disabil-
imposed by fourteenth amendment TO
constitution.
onsideration of the war revenue meas
was resumed at the conclusion of the
ming business.
the course of a BRIEF colloquy con-
hing the priority of amendments yet to
Considered, Mr.. Jones Dem, Ark. ex-
sed the opinion that all the revenue
lures of the Dill ought to be completed
passed before the bond provision was
sed upon because the amount OF reve-
raised might have great weight in the
Elimination of some of the pending
udmeuts He was satisfied, he said,
the bond provision would be incorpor-
in the bill, but held that senators
HI TO know what the bill would raise
fortunately before being called upon TO
on the bond question.
r. Hale (Rep., Maine) inquired as to
ther MIR. Jones thought the small
bunt, comparatively, which would be
ed by the pending revenue amendment
Id be sufficient.
have no doubt" he continued, that
his war continues year 1t Will cost
government between S700000000 and
100000 That is my prediction and |
myself on record to that effect"
r. Jones said that so much money
hit be spent, but he did not think so.
e was satisfied that an issue of bonds
unnecessary. Il do not believe" he
that the war will last one year,
months, or any thing like that time.
the cost certainly will be much less
n stated by the senator (Mr. Hale } :"
he secretary of war and secretary of
h each made an estimate of the expenses
year and their aggregate estimates
|e only about half the estimate of the
btor from Maine.
n. Hale pointed out that no war was
Expensive as an eXpeditionary war. He
he had examined all the estimates
be on the expenses of the war and he
satisfied they would reach certainly
900 900.
:. Teller (Silver Rep. Colo.,) reviewed
legislation during the las ten years,
said it was evident this hill was not
c temporary measure. 1t was TO all
It's and purposes to be a permanent
The expenses of the war would be
J., but they would not end with the
Of the war. The United States, he
proposes to have a great navy, com
surate with the dignity and develop
OF our country, and in addition all the
S along the Atlantic and Pacific coasts
a right to demand protection from for
invasion. The expenses of the gov
rent were great now. but they We're
bin to be greater at the close of the
is not the duty of the senate" said
ITO take sufficient tine for the consid
on of the pending bill to determine
much money il will raise. | do not
\ to vote on the bill until we know
it will provide in revenue. The gov
lent will not be hampered in any way
his bill does not pass for ten days or
July /"
!. Aldrich said that careful estimates
been made of the revenue producing
tiles of the bill, a1d he was statistic ID
amount would be between $50 900 900
10000, 900. certainly not in excess of
latter sum.
Allison said that. without including
last $4,000 OF volunteers called for, the
nate made OF the expenses for the first
would be at least 379,000,000.
colloQuy between Mr.. Aldrich and
Allen Pop, Neb.) the former said
nave never agreed with the senator
Nebraska on any matter concerning
treasury, and II | stand here hundred
believe | never should"
nat indicates to me-" replied Mr.. AL
that | am in the right"
Morrill, Rep., Vt). the venerable
rman of the finance committee, male
ort speech in opposition to the prop
ohs that come to us from the populist
of the senate to issue greenbacks and
the segniorage"
Pc scheme, he said. was being helped
by some of our naughty boys" He
made brief argument against the
age OF the seigniorage, concluding by
ng that if bimetallism should ever BIZ
Plsd II would be at a different ratio than
/.
Wolcott (Rep.. Colo.) proposed an
hdment TO the amendment of the COM
90 on the coming OF the seigniorage
as In the nature of a substitute, and
being amended the direct vote on II
reached
Jones tDem., Ark.) gave notice that
would move hereafter TO substitute the
nl'tee amendment for the Wolcott
lament Mr. Wolcott's amendment WIS
ed tots 10 81. as follows:
Ayes-fS.
d Bacon,
Berry,
eI' Cannon,
~ Chandler,
krell Dania,
lkner. Cray
fsbrough, Harris
tfeld, Ionss A-t
IS tNev). Kyle ~
s McEnery,
htle. NEW
Mitchell,
~ Morgan,
Perkins,
oSw' Pettus.
81 Pawlins.
~ Shoup.
az Teller,
,n' Tillman,