Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-06-04

| do not want to vote upon the bill
until we know what we are gong to
60 with the revenue. The government
will not be hampercd in any way if this
bill does not pass for 10 days. or until
July l."
Aldrch said that careful estimates
had been made of the revenue produc-
ing qualities of the bill and he was
satisfied the amount would he between
$50, 900 and 500 900 900, certainty not
in excess of the latter sum.
Allison. in charge of the bin, said he
had made as careful on estimate Of the
revenue producing qualities of the bin
a. was possible. Estimates had been
made also of the expenses of the war.
Without including the last 5000 Volun~
te"rs called for the estimate made was
that the war expenses for the 1ir9t year
would lee at least $379 ,ooo GOO. He re-
Sarded an addition Of $4,000. 600 for the
additional volunteers as entirely rea-
s0adhle.
After a Gesultory debate it Was
agreed to consider the committee
amendments Yet to he disposed of, the
motion Of AIdrich to strike out the
committee amendments providing for
the coinage of {he silver seigniorag-
the issue of silver certificates and the
Issue Of tinted States notes ana the
substitution Of the bond provision be-
| ms n" pending Questions.
Nolcou. proposed an amendment 20
the a,a0ndmcnt of the committee upon
f, coinage Of tn sci@norage. 1t was in
IN nature Of sub, ana after being
/ slightly attended direct vote upon
it was reached, and it was agreed "a,
Is to H.
JONES, Dom. Ark, gave notice that he
would move hereafter "a sub the con-
lnittec amendment for the Wolcott
amendment.
The amendment agreed to is as fol
lows: That the secretary Of The treas
airy shall Immediately cause t. he coin
Cd as fast as possible to standard sill
Yer dollars, to amount of not less than
81 GOO 600 per month. which shall be of
/ Ike weight and Gnencss and Of like le-
gal tender quality as there provided fu"
under existing law, all The silver bull
Hon now held in The treasury.
THAT the secretary of the treasury
is authorized and directed to ISSUE a.
said silver is coined, silver certificates
If similar design and denominations
and of the same quality, payable au,i
reiel mablc in like manner as those au-
th0rized hy law, TO the amount Of thc
Gain or seignioragc derived from the
purchases Of silver bullion by the
treasury under the act of July ii. 1899,
until the sum of $i2 100000 shall have
! been issued.
THAT all said moneys so coined, in
Guiding the amounts of the gains or
| sei2ni0rage SO coined. shall ho used
both for the redemption of the treasury
notes heretofore issued under and by
virture of the act Of July II. 1890, and
for the redemption of the certificates
issued under this act
Aldrich moved to strike out the COM
mittce amendment providing for the
use of legal tender notes and substitute
The bond provision offered by the Re
publican minority of the finance com
mittce and upon this motion he de-
manded the yeas and nays.
Before a vote was taken, however,
he subject was destroyed, by Stewart.
Daniels. Mantle. Fairbanks and Bate.
At the conclusion of Bates speech 4
vote was taken upon Aldrichs motion
and it was carried by the vote of IS to
81.
The committee amendment striking
out the House bond provision, was then
agreed to.
Chandler offered his amendment in /
serting declaration that the policy of |
the United States is not to commit |
more thoroughly to tn single gold |
standard but that the efforts of the |
government shall be steadily directed |
to coin both silver and gold as stand !
ard money.
Stewart offered as an amendment to |
Chambers amendment Il provision |
that no bonds under this act shall be
used as q basis of bank currency.
Morgan gave notice Of an amend
mont directing the secretary OF the
treasury to enforce The provisions OF
the income tax law of 1894 NOT ex-
prcsslv declared by the supreme courts
decision to be unconstitutional.
A sensational passage at arms oc-
CURED at this point between Alien.
Pop., Neb.. and Wolcott. Rep, Col. In
the course of some remarks on bme-
tallisn, drawn out by a statement
Chandler made in Withdra wing his
amendment-a statement which char
actcrized as eccentric characters the
four senators who had voted against
the bill authorizing the international
bjmctallic commission had been fail
llre and that no good could have been
exuncted to come of it as International