The age-herald., 1898-06-04

mittee upon the coinage of the seigniorag. IL was In the nature of a substitute. and after being slightly amended there was a direct vote upon it. MT. Jones, of Arkan- sas, gave notice that he would move here after to substitute the committee ament- after to substitute the committee amend ment for Walcotts amendment. MT. Wal cofts amendment was agreed to, 49 to S1, as follows:
 Yeas-Allen, Bacon, Bate, Berry. Butler. Cannon, Chandler, Chiffon, Clark, Cockrell, Daniel, Faulkner. Gray, Hansbrough, Heit- field, Jones of Arkansas, Jones of Navada, Kyle, Lindsay, McEnery, McLaurin, Nal lory Mantle, Martin Mills, Mitchell, Mon ey, Morgan, Pasco, Perkins, Pettigrew. Pet tus, Pritehard, Rawlins. Roach, Shoup. Stewart, Teller, Thurston, Tillman, Hurley, Turpie, est, Warren, White, Wolcott-49.
 Nays-Aldrich, Allison, Baker, Burrows McCaffery, Cullom Davis, Deboe, Fair banks, Foraker, Frye, Gallinger, Gear, Cor man, Hale, Hanna, Hawley, Hoar, Lodge, Mcbride, McMilin, Mason, Morrill,, Mure phy. Nelson, Platt, of Connecticut. Platt, or New York; Proctor, Sewell, Spooner, wet more.-2.
 Tho Woicott Amencment
 The amendment was agrgeed as fol- lows:
 "That the secretary of the treasury shall cause immediately to be coined as fast as possible into standard silver lollars to an amount of not less than s4,000,00O per month which shall be of like weight and hneness' and of like legal tender quality as those provided for under existing law, all the silver bullion now held in the treasury.
 That the secretary of the treasury Is au- thorzed and directed to issue as saio sli- yer is coined, silver certificates Of slmi- lar design and denominations and Of the same quality, payable and redeemaole Tn like manner as those authorized by law, to the amount of the grain seigniorage oe- rived from the purchase of silver puilon by the treasury under the act or July l4, 1890, until the sum Of $4Z,OOOO,VU shah haNS been issued
 .sThat all said money 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 issueo under and by virtue of the act or Juiy s' 1S90 and for the redemption or the cerlh cates issued under this act.
 MT. 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 minority of the finance committee. upon this motion he demanded the yeas and nays. AL.
 Before vote was taken, however, the subject was discussed by MT. Stewart and MT Daniel and MT. Mantle
 MT. Mantle expressed his general ap- proyal of the substitute for the bond pro vision. but anonunced his apprehension that the issuance of greenbacks might prove precedent that would some time arise to plague the friends of bimtallism.
 Fairbanks for Bonds
 Mr. Fairbanks, (rep.) of Indiana, sup ported the provision for bonds and time certificates, taking the position that future years should pay part of the expenses or the war. He attacked the proposition to substitute greenbacks and to coin the seigniorage as "a deliberate attempt to in fate the currency and imperil the present gold standard"
 Mr. Money said the pending bill had been drawn to meet extraordinary expenses of the existing war. He did not believe a single senator thought the war would last year and he thought the entire mat ter with reference to the issue of bonds the greenbacks could go over until De- cember.
 Mr. Bate thought the bond proposition might go over until December.
 At the conclusion of MT. Bates speech a vote was taken upon Mir Aldrich's motion to substitute the bond provision offered by the minority of the committee for the paragraph authorizing the issue of legal tender notes. The motion was carried by the decisive vote of 45 to 3i as follows:
 Yeas-Aldrich, Allison, Baker, Burrows, Caffery, Carter. Chandler, Clark, Cullom, Davis, Deboe. Ellsins. ks, Faulkr CT, Foraker, Frye, Gallinger, Gear, Corm n, Gray, Hale, Hanna. Hansbrough. Hawley, Hoar KSle, Lindsay, Lodge, Mcbride, Me Milan, Mason, Mitchell, Merrill, Murphy, Nelson, Perkins, Platt (Conn), Plat (N. Y.), Sewell, Shoup, Spooner, Warren. Wet more, Wilson, Wolcott-5.
 Nays-Allen, Bacon, Bate, Berry, B ltler, Cannon, Chiffon, Clay. Cockrell, Dariel. Harris, Heitfeld, Jo es (Ark.), J res (Nev.). McEnery. McLaurin. Mantle. Mer- tin, Mills, Money, Pasco. Pc tgrew, Pc tus, Rawlins, Roach, Stewart Teller, Hurley, Turpie, Vest, White-31.
 The committee amendment striking out the house bond provision was then agreed to.
 The Chandler Amendment