The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-04
ACTION OF THE SENATE.
1t Decides to Coin Silver Bullion and
Issue Bonds.

bOnOSs
WASHINGTON, June 3.--While the war
revenue measure was not passed by the
Senate to-day, two very important votes
were taken, one on a proposition to coin
the silver bullion in the treasury and to is
sue silver certificates against the coin, and
the other on the bond proposition presented
by the Republican minority of the commit
tee on finance In lieu of the seigniorage
amendment offered by the majority of the
finance committee, Mr.. Wolcott (Rep., Col
proposed an amendment directing the secre-
tary Of the treasury to coin the silver bull
lion in the treasury and to issue silver GER
tificates against it. After some discussion
vote was reached and the amendment was
agreed to-48 to 31--several Republicans vot-
ing for 1t.
Mr.. Aldrich (Rep., r. ~ then pressed the
amendment of the minority of the finance
committee providing for the issue of one
hundred millions of certificates of indebted
ness and three hundred millions of bonds, to
be used exclusively for the payment of the
expenses of the war. After an extended de-
bate, the question was brought to an issue
and by the decisive vote of as to 81 the bond
amendment was incorporated in the bill as
a substitute for the amendment to issue
received the votes of thirty-seven Repub-
licans, seven Democrats and one Populist.
The Democrats who voted for it were
Messrs. Caffery, Faulkner, German, Gray,
Lindsay, Mitchell and Murphy, and the Pop
uist was Mr.. Kyle. No Republicans voted
against the issue of bonds, the votes in op-
position to bonds being cast by twenty-one
Democrats. five Populists and five silver
Republicans.
Just before adjournment this evening. a
sensational speech was made by Mr.. VOL
colt (Rep. Col.), in reply to some sugges-
tons concerning the Bimetallio Commission
made by Mr.. Allen Pop., Neb.) Mr.. VOL
colt regarded Mr. Aliens statement as per-
sonally offensive and he made flashing at
tack upon the Nebraska senator and the
Populist party.
PROBABLE COST OF THE WAR.
During the debate Mr.. Hale inquired
whether Mr.. Jones, of Arkansas, thought
the small amount, comparatively, which
would be raised by the pending revenue
amendments would be sufficient. Il have
no doubt" he continued that if this war
lasts a year it will cost this government
between $780, O00 900 and $500, 00,000 That is
my prediction and 1 put myself on record
to that effect"
Mr.. Jones said that so much money might
be spent, but he did not think so. He was
satisfied at all events, that an issue of
bonds was unnecessary. 81 do not believe
said he that the war will last one year,
six months. or anything like that time. The
cost will certainly be much less than stated
by the senator (Mr Hale.) The secretaries
of war and navy each made an estimate of
the expense for one year and the aggregate
estimates were only one-half the estimate
of the senator from Maine"
Mr.. Hale pointed out that no war was so
expensive as an expeditionary war He said
he had examined all the estimates made
upon the expenses of the war and he was
satisfied they would reach certainly $780,
00) goo.
Mr.. Teller said the expenses OF the war
with the close OF the war. The United
States, he said, proposed to have a great
navy, commensurate with the dignity and
development of our country, and In addi-
ton, all the cities along the Atlantic and
Pacific coasts had a right to demand pro-
lection from foreign Invasion. The expenses
of the government were great now but they
were certain to be greater at the close of
the war. 1T is the duty of the Senate"
said he, ito take sufficient time for consid-
Grafton of the pending bill to determine how
much money 1t will raise ] do not want TO
vote upon the bill until we know what II
will produce in revenue. The government
will not be hampered In any way II this