The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-04


teers called for, the estimate made was that
the war expenses for the first year would
be at least 1919. 900 600. He regarded an adj
dition Of SIS 100000 for the additional volun-
teers entirely reasonable.
Mr.. Morrill, the venerable chairman of the
finance committee. delivered short speech
to us from the Populist side of the Senate
to issue greenbacks and coin seigniorage."
WOLCOTTS AMENDMENT.
Mr.. Wolcott proposed an amendment to
the amendment of the committee upon
coinage of the seigniorage. 1t was in the
nature of a substitute. and. after being
slightly amended, a direct vote upon 1t was
reached. Mr.. Jones Dem.. Ark giving no.
tice that he would move hereafter to sub
stitute the committee amendment for the
Wolcott amendment. Mr.. Wolcott's amend
ment was agreed to-4S to 31-as follows:
Yeas-Allen, Bacon. Bate. Berry Butler,
Cannon, Carter, Chandler, Chiffon. Clark
brough, Harris, Heidfeld. Jones of Arkan-
sas Jones of Nevada, Kyle, Lindsay, Nc
Emery, McLaurin, Mallory, Mantle, Martin,
Pers s Petgrew f Peefas
Inns, Roach, Shoup. Stewart, Teller. Thurs
ton, Tlllman. Turney, Turpie. Vest, Warren,
Nays-Aldrich. Allison, Baker. Burrows,
banks. Foraker, Frye. Galiinger. Gear,
II. ii,
Lodge, Mcbride. McMillen. Mason. Morrill,,
Murphy, Nelson. Plat of Connecticut, Platt
of New York, Proctor, Sewell, Spooner,
WetmOre-3l.
The amendment. as agreed to, follows:
THAT the secretary of the treasury shall
Immediately cause to be coined, as fast as
possible, into standard silver dollars, to an
amount of not less than 100000 per month,
which shall be of like weight and fineness,
and of like legal-tender quality, as those
provided for under existing law all the sill
yer bullion now held in the treasury.
That the secretary of the treasury is au-
thorized and directed to issue, as said silver
is coined silver certificates of sirnllaE de-
sign and denominations and of the same
quality, payable and redeemable in like man
ner those authorized by law, to the
amount of the gain or seigniorage derived
from the purchases of silver bullion by the
treasury under the act of July IA, $780, until
the sum of A2,0OO,OO0 shall have been issued.
That all said moneys so coined, including
the amounts of the gains or seigniorage so
coined. shall be used both for the redemp-
ton of the treasury notes heretofore issued
under and by virtue of the act of July ID.
1890, and for the redemption OF the certifi-
ca ties issued under this act
Mr.. Aldrich moved to strike out the COM
mittee amendment providing for the issue
of legal-tender notes and substitute the bond
provision offered by the Republican minor
ity of the finance committee. Upon this mo-
ton he demanded the yeas and nays. Be
fore a vote was taken, however, the sub
ject was discussed by Messrs. Stewart,
Daniel, Mantle, Fairbanks. Money and Bate.
BOND PROVISION SUBSTITUTED.
Mr. Aldrich's motion was carried by the
decisive vote of IS to 81, as follows:
Yeas-Aldrich. Allison, Baker. Burrows,
Caffery Carter, Chandler, Clark. Cullom,
Davis, Deboe, Elkins, Fairbanks, Faulkner,
Foraker, Frye, Gallinger. Gear, German,
Gray, Hale. Hanna. Hansbrough, Hawley,
Hoar Kyle. Lindsay. Lodge, Mcbride, Nc
MILAN, Mason, Mitchell, Morrill,, Murphy,
LOFT 0f Ia
of New York. Sewell, Shoup Spooner, War
rem, Wetmore. Wilson, Wolcott-45.
Nays-Allen, Bacon, Bate Berry, Butler,
Cannon. Chiffon, Clay, Cockrell Daniel,
Harris. Heitfeld, Jones Of Arkansas, Jones
Martin, Mills, Money, Pasco, Pettigrew,
fettus, Rawlins, Roach, Stewart, Teller.
Turley, Turpie, Vest. White-S1.
The committee amendment striking out
the House bond provision was then
agreed to.
sorting declaration that the policy of the
United States is not to commit the country
more thoroughly to the single gold stand
ard, but that the efforts of the government
and gold as standard money
Mr.. Stewart offered as an amendment to
Mr.. Chambers amendment provision that
no bonds issued under this act shall be used
as basis Of bank currency.
Mr.. Morgan gave notice OF an amendment
directing the secretary of the treasury to
enforce those provisions of the income tax
law of 1884 not expressly declared by the
Supreme Courts decision to be unconstitn-
tional.
The amendment offered by Mr. Stewart
was laid on the table on motion of Mr..
Chandler-44 to q.
Mr.. Hoar proposed an amendment to be
added to Mr. Chambers amendment, as fol-
lows: And to this end to relax no effort
to secure the cooperation of the principal
nations gya of 6 the W 81 Inc
In a speech treating of the new conditions
which are likely to confront the. United
S fSs II aWa cqSa or{q Rco
said that a vast amount of silver money
would be needed by this country in dealing
with those countries. He was not prepared
annexed by the United States, but it was
absolutely certain Cuba. Porto Rico and the
philippines would never again pass under
Spanish control.
Mr.. Chandler, after explaining his posi-
ton, withdrew his amendment, as ne 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 SEN
ate since the adoption of the Cuban reSo-
luton, occurred at this point between Mr..
Allen (Pop., Neb.) and Mr. Wolcott (Rep.,
COLI In the course of some remarks on
bimetallism Mr.. Allen took d reminiscent
turn and discussed at length the work of
the international bimetallic commission.
He declared their work had been a failure.
and that no good could have been expected
to come of it, as international bimetallism
was a delusion and snare. An appropria-
ton of $l00,O00 had been made for the COM
mission, which had Travelled through Eu-
rope on a mission which was foredoomed
to failure.
A POPULIST SKINNED.
Mr. Wolcott, who was president of the
bimetallic commission. listened attentively
to Mr.. Aliens remarks. He was evidently
indignant, and he took the floor to reply
to his critic. 1T is not pleasant" he began,
ito a self-respecting man to meet such sug-
geStions as have been made by the senator
from Nebraska. This debate has taken a
turn which 1 deprecate. and 1 would not
now occupy moment of the Senate's time
which ought to be devoted to consideration
of the pending bill were it not that desire
to inform the senator from Nebraska that
the three commissioners appointed by the
PRESIDENT spent more than SIX months In
Europe travelling where their duties took
them. They We're accompanied by Secre-
tary, and the entire expense OF the work ac-
comphsneo was only @I6,OVO. And l desire
TO add that every member OF the commits
sion, in accepting the appointment and per-
forming his duties, sacrlnced thousands or
dollars.
1T is undignified and unbehtting a sena-
tor of the United States to stand in his
place on this floor and suggest that the
commission spent money 1t VAS not justified
in spending. / getting tired" continued
Mr. Wolcott, hotly, "of hearing that sort
of suggestions from the senator from Me-
braska 1t is not the first, the second or
Through him they are now being circulated
in the West by means of the patent in
sides which constitute the bone and stneW
and most of the brains of the POpuliSt par
Nebraska where nothing is known OF
Europe except that it is on the map of the