The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-06-04
SENATE VOTES TO COIN
THE SILVER BULLION
Against the ConThe Minority
Amendment Providing for Bonds Passed by Vote of 40
to - Sensational Speech

said silver is coined silver certificates
of similar design and denominations
and of the same quality. payable and
redeemabe in like manner as those
authorized by law to the amount OF the
grain or seigniorage derived from the
purchases of silver bullion by the
treasury under the act Of July IA. 1880.
until the sum of s42.0o0.O0O shall have
been issued.
said moneys so coined. including the
amounts OF the gains or seigniorage so
| coined shall be used both for the re-
demption OF the treasury notes here
| after issued and by virtue of the act
! Of July IL. 1890, and for the redemption
4 of the certificates under this act"
Mr.. Aldrich moved to strike out the
committee amendment providing for
the issue of legal tender notes and sub
stitute the bond provision adopted by
the republican minority Of the finance
committee. Upon this motion he de-
manded the yeas and nays. Before
vote was taken. however. the subject
was discussed by Mr.. Stewart. MIR.
, Daniel an Mr.. Mantle.
Mr. Mantle expressed his approval OF
/ the substitutes for the bond PROPOSE
tion, but announced his apprehension
/ that the issuance of greenbacks might
I prove n precedent that might some
time arise To plague the friends OF BIZ
metallism.
Mr. Fairbanks. rep. Ind. supported
! the provision for bonds and time certi-
4 fcates. taking the position that future
| years shall pay part of the expenses OF
| the war. He attacked the proposition
| to substitute greenbacks and to coin
! the seigniorage as a deliberate attempt
10 initiate the currency and peril the
/ present gold standard.
Mr. Money. dem. Miss. and Mr.
Bate. dem, Tenn. expressed the opin-
! ion that the bond proposition might go
over until December. both expressing
the belief that the war would be short
| lived.
/ At the conclusion of Mr.. Bates
speech a vote was taken upon Mr.. Aid
| richs motion to substitute the bond
| provision offered by the minority of the
/ committee for the paragraph author
| izing the issue of legal tender notes.
The motion was carried by the decisive
| vote of As to 81. as follows:
Yeas --Aldrich. Allisop~ Baker, Bur-
rows. cafrerv. Garter. thandier. clark.
| Cullom. Davis. Deboe. Elkins, Fair
banks. Faulkner. Foraker. Frye. CAL
linger. Gear. German. Gray, Hale.
Hanna. Hansbrough, Hawley. Hoar.
Kyle. Lindsay. Lodge. Mcbride. Me-
y MILAN Mitchell. Morrill,. Murphy. Nell
son. Perkins. Platt OF Connecticut.
Platt of New York. Sewell. Shoup.
Spooner Warren. Wetmore. Wilson.
woIcott-45.
Noes-Allen. Bacon, Bate. Berry. But
ler Cannon. Chiffon. Clay. Cockreli.
Daniel. Harris, Heitfeld. Jones OF
Arkansas. Jones of Nevada. McEnery.
McLaurin. Mantle. Martin. Mills.
Rawnns Roach. stewart Teller. Tur-
ney. Turpie. Vest, white-s1.
The committee amendment striking
out the bond provision was agreed to.
Mr.. Chandler offered his amendment
inserting a declaration that the policy
of the United States is not to commit
the country more thoroughly to the sim
gle gold standard but that the efforts
OF the government shall be steadily di-
rected TO certain coin both gold and sill
yer as standard money.
Mr. Stewart offered as an amendment
to Mr.. Chandler's amendment a provis-
ion that no bonds issued under this act
shall he used as a basis of bank cur
rency.
Mr.. Morgan gave notice OF an amend
ment directing the secretary Of the
treasury to enforce those provisions OF
the income tax of 1894 not expressly de-
clared by the supreme courts decision
to he unconstitutional Mr.. Morgan
spoke in support of the amendment. and
attacked the national banks. which. he
declared were behind the conspiracy
TO force a bond issue upon the people,
The amendment offered by Mr.. Stewart
was laid on the table. on motion of Mr..
Chandler. "a to %. Mr.. Hoar proposed
an amendment. TO be added to MIR.
Chambers amendment. as follows:
"And to this end TO relax no effort to
secure the cooperation of the principal
commercial nations of the world"
The amendment was agreed to. IS TO
80. In a speech treating of the new
conditions which are likely to confront
the United States in Hawaii. Cuba. Por-
to Rico and the Philippines. Mr.. Nor
gan. dem. Ala. said that a vast amount
OF silver money would be needed by this
country in dealing with those countries
IN "a a
the islands named would be annexed by
the United States. but IL was absolutely
certain Cuba. Porto Rico and the Phil
ippines would not again pass under
Spanish control Mr.. Chandler. after
explaining his position. withdrew his
amendment. as he had no desire. he
said. TO impede the progress OF the war
revenue bill.
A passage at arms more sensational
than any incident that has occurred
in the senate since the adoption Of the
Cuban resolutions occurred at this
point between Mr.. Allen. pop, Neb..
and Mr.. Wolcott. rep. Colo.
In the course of some remarks on bt-
metallism MIR. Allen took a reminis-
cent turn and discussed at length the
work OF the International bimetailic
commission. He declared their work
had been a failure and that no good
had ever been expected to come OF IL.
that international bimetallism was
delusion and a snare An appropri-
alton of 100000 had been made for then,
commission, which had travelled
throughout Europe on a mission which
was fOredoomed TO failure.
Nv. wolcott, who was the president
OF the bimetallic commission. listened
attentiyely 10 Mr.. Aliens remarks He
was evidently indignant and he took
the floor to reply TO his criticisms.
1T is not pleasant" he began. to .
self-respecting man 10 meet such sug-
gestions as have been made by the
) senator from Nebraska. This debate
has taken a turn which i deprecate.
and I would not now occupy . mo-
ment of the senate's time. which ought
TO be devoted to the consideration OF
| as>Onff,naa On PARE zig