The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-06-04
COIN SILVER SEICNIORACE
THE SENATE ADOPTS THE VOL
COLT AMENDMENT
OF After Il Prolonged Debate, in
Which There Were Acrimonious
rassaGes-at-Arms- VOL
colt and the Member From Ne
braskn Exchange Opinions.

braslxn Exchange Opinions.
WASHINGTON, June 3.-While the
war revenue measure was not passed
by the senate today two very important
votes were taken, one on a proposition
to coin the silver bullion in the treasury
the coin, and the other on the bond
proposition presented by the Republican
minority of the committee on finance.
BOTH WE'RE CARRIED.
From the committee on finance in
lieu of an amendment offered by the
majority, Mr.. Wolcott proposed an
amendment authorizing the secretary Of
the treasury to coin the bullion in the
treasury and issue certificates against
il. After some discussion the amend
ment was agreed to, forty weight to thir-
ty-one. several Republicans voting for
it. The vote in detail was as follows:
1eas.Ailsn Bacon Bate Berry Perry B aas
Cookrell. Daniel, Faulkner, Gray, Hans
brough. Harris, Heitfeld. Jones (Ark) Jones
(Ney). Kyle, Lindsay, McEnery, McLaurin
Mallory. Mantle, Martin, Mills, Mitchell
Money. Morgan. Pasco, Perkins. Pettigrow
Pettus. Pritchard, Rawlins, Roach Shoup
Stewart; Thurston. Tillman, Turey, Turpie,
Nays-Aldrich. Allison, Baker, Burrows,
Gallery. Cullom, Davis, Deboe, Fairbanks,
Foraker, Frye Gallnger, Gear, German,
Mcmillan. Mason. Merrill, Murphy, Nelson,
Plat Comm. Plat On. W, Proctor, Sewell,
Sponer. Wetmore-31.
The amendment as agreed to follows:
WOLCOTT AMENDMENT.
That the secretary of the treasury shall
! immediately cause to be coined fast as
| possible, into standard silver dollars to an
| amount of not less than $4 goo COO per month.
| which shall be of like weight and fineness
! and Of like legal tender quality as those pro-
| vided under existing law, all the silver bull
! lion held in the treasury.
| That the secretary of the treasury is au-
thor1zed and directed to issue, as said silver
! is coined, silver certificates of the same de-
nominations and design and of the same quail
lty and redeemable in like manner as those
| already authorized by law, to the amount
| OF gain or seigniorage derived from the pur-
chase of silver bullion under the act of July
! IA. 1890. until the sum of S42, 900, 900 shall
have been issued.
That all said moneys so coined, including
the amount of gain or seigniorage SO de-
| treasury notes heretofore issued under the
! act of July A. 1890. and for the redemption
Of the certificates issued under this act
Mr.. Jones Oem., Ark.) gave notice
that he would move hereafter to sub
st1tute the committee amendment for
|
Mr.. Aldrich Rep., R. ~ then pressed
the amendment of the minority of the
| finance committee providing for the
| issuance of $100, 600, 900 certificates of in
debtedness and $500, 0OOO 900 of bonds to
| be used exclusively for the payment of
| the expenses of the war.
| BOND ISSUE.
Mr.. Mantle expressed his general ap-
| Of bo
provision, but announced his apprehen-
| sion that the issuance of greenbacks
| might prove a precedent that would
some time arise to plague the friends
! of himetallism
Mr.. Fairbanks (Rep., Ind.) supported
| the provision for bonds and time GER
| tificates, taking the position that future
years should pay part of the Expense
OF the war He attacked the PROPOSE
ton to substitute greenbacks and to
coin the seigniorage as a deliberate at
tempt to initiate the currency and i'm
| peril the present gold standard" In
| conclusion Mr.. Fairbanks said:
| 1t seems to me that whoever at
! tempts to rekindle the embers of pa st
differences in this patriotic hour for the
purpose of making political capital is
less patriot than partisan. Whoever
seeks to gain mere party advantage or
| in this critical moment is out of har-
mony with the present hope and aspira-
ton of the American people,"
| MIR. Bate Oem., TENN thought the
| bond provision might go over until De-
| cember.
AT the conclusion of Mr.. Bates speech
| a vote was taken upon Mr. AIdrich' s
motion to substitute the bond provi-
sions offered by the minority of the
committee for the paragraph authorz-
| ing the issue of legal tender notes. The
motion was carried by the decisive vote
of As to 81, as follows:
| DECISIVE VOTE.
! Yeas-Aldrich, Allison, Baker. Burrows.
6aRs Deboe kns Fsba Clark
! Foraker, Frye, Gallinger, Gear, German
Gray. Hale, Hanna. Hansbrough, Hawley,
M Mfirn KYLE Lindsay Lodge Mcbride: Nc
Nelson, Perkins, Platt Comm. Platt On. ",
Sewell. Shoup, Spooner, Warner, Wetmore''
| Wilson. Wolcott-45.
cannon Gson Clay Bate eoef Bs Bsss
Harris Heitfeld. Jones (Ark). Jones (NevJ,
McEnery. McLaurin. Mantle, Martin, Mills,
| Money, Pasco, Pettigrew, Pettus Rawiins'
| White-31.
The committee amendment striking
| out the house bond provision was then
| agreed to.
| Mr.. Chandler Rep., N. HI offered
! his amendment inserting a declaration
that the policy of the United States is
| not to commit the country more thor
| oughly to the single gold standard, but
that the efforts Of the government shall
| be steadily directed to coin both gold
and silver as standard money.
| MIR. Stewart offered as an amendment