The San Francisco call., 1898-06-04
AGREES TO
 ISSUE BONDS The Senate Backs Up the Proposition. COMMITTEE MINORITY UPHELD SILVER BULLION TO BE COINED IN LIEU OF SEIGNIORAGE. Two Most Important and Significant Votes Taken in Connection With
 the War Revenue
 Measure.
COMMITTEE MINORITY UPHELD
SILVER BULLION TO BE COINED
 IN LIEU OF SEIGNIORAGE.
Special Dispatch to The Call.
Call Office, Riggs House, yKyo ufnn Tuna

| WILL Lno war IGNeIuc "e1S not passed by the Senate to-day, tive very important votes were taken, one on a proposition to coin the silver bull lion in the Treasury and to issue sil- yer certificates against the coin, anc the other on the bond proposition, pre- scented by the Republican minority o1 the committee on finance. In lieu o1 the seigniorage amendment offered by the majority of the Finance Commit tee, Wolcott (R) of Colorado proposed an amendment authorizing the Secre- tary of the Treasury to coin the silver bullion in the Treasury and to issue sill yer certificates against it. After some discussion vote was reached and the amendment was agreed to, AS to 31, sey- eral Republicans voting for it.
 Aldrich (R) of Rhode Island then pressed the amendment of the minor ity of the Finance Committee provid- ing for the Issue of $100, GOO certifi- cates of indebtedness and $500, 0,000, 900 of bonds to be used exclusively for the payment of the expenses of the war. After an extended debate, the question was brought to an issue and by the de- cisive vote of 45 to 31, the bond amend ment was incorporated in the bill as a substitute for the amendment to issue legal tender notes. The bond proposi- tion received the votes of 3f Republi- cans, Democrats and 1 Populist. The Democrats who voted for 1t were Caf- fiery, Faulkner, German. Gray, Lind say, Mitchell and Murphy, and the Pop ulist was Kyle. No Republicans voted against the issue of bonds, the votes in opposition to bonds being cast by 2l Democrats, Populists and Silver Re- publicanS.
 Just before adjournment this even ing a sensational speech was made by Wolcott (R) of Colorado, in reply to some suggestions concerning the Di- metallic commission made by Allen (P.) of Nebraska.
 During the discussion of the war rev. enue bill Allison said, without including the last 75,000 volunteers, called for, the estimate made was that the war expenses for the first year would be at least S3Is- GOO 000 He regarded an addition of Sio,- GOO 900 for the additional volunteers as en- tirely reasonable.
 chairman of the Finance Committee. de- livered short speech in opposition to the propositions that come. to us from the Populist side of the Senate. to issue greenbacks and coin the seigniorage."
 Wolcott (R.) of Colorado proposed an amendment to the amendment Of the 
 forage It was in the nature of substi- ute, and after being slightly amended a direct vote upon it was reached. Jones D.) of Arkansas giving notice that he would move hereafter to substitute the committee amendment for the Wolcott amendment.
 Wolcotts amendment was agreed to- IS to 31 as follows
 Ayes-Allen. Bacon, Bate, Berry. Butler Cannon, Carter, Chandler. Chiffon, Clark K Cockrell Daniel Faulkner Gray. Han Aansbr9ugh 3Ng Mantle, Ir Martin, Mills, Mitchell, Money. Nor ard ard Rawiins, Roach, shoup, stewart, Teller Thurston, Tillman. Hurley Turpie. West War
 Noes-Aidrich, Allison, Baker. Burrows. Caf- fiery. Culom. Davis. Deboe Fairbanks, Fora ker Frye GangsT Has Gsa5 a5se GSan %GRrde Hse Me Milan. Mason, Morrill, Murphy. Nelson, Platt (Conn.). Patt (N. Y), Proctor, Sewell. Spoon- CT, Wetmore-S.
 The amendment as agreed to follows:
 That the Secretary of the Treasury shall inn mediately cause to be coined as fast as pos sible into standard silver dollars. to an amount of not less less than pness pTr and o a ega tender and quality as those provided for un- der existing law. all the silver bullion now = That the Secretary of the Treasury, Is ., au- thorized and directed to issue as said silver and denominations and of the same quality, payable and redeemable in like manner as those gain or seigniorage derived from the purchases of silver bullion by the Treasury under oo the me shall have been issued
 That all said moneys so coined, including the amounts of the gains or seignierage so coined. Treasury notes heretofore issued under and by virtue of the act of July IA, 1890, and for the redemption of the certificates issued under this act.
 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 ayes and noes. It was carried, 45 to 3l
 Chandler offered his amendment in serting a declaration that the policy of the United States is not to commit the country more thoroughly to the single gold standard, but that the efforts of the S,overnment shall be steadily directed to coin both silver and gold as stanoard money.
 Chandler's amendment provision that no bonds issued under this act shall be used as basis of bank currency.
 Morgan gave notice of an an amendment enforce those provisions Of the income tax of 1894 not expressly declared by the Supreme Courts decision to be unconsti- tutional.
 Morgan spoke in support of the amend ment and attacked the national banks, which he declared, were behind the con- spiracy to force bond issue upon the people.
 The amendment offered by Stewart was laid on the table, on motion of MT. Chandler, A to 2.
 Hoar proposed an amendment to be add ed to Chandler's amendment, as follows: And to this end to relax no effort to se- cure the cooperation of the principal commercial nations of the world
 The amendment was agreed to, 35 to B.
 In the course of some remarks upon bi- metallism Allen of Nebraska took a reminiscent turn and discussed at length the work of the International Bimetallism Commission. He declared their work had been failure and that no good had ever been expected to come from it, and that international bimetallism was a delusion and snare. An appropriation of $100, 900 had been made for the commission, which had travelled throughout Europe on a mis- sion which was foredoomed to failure
 Wolcott, who was president of the Bi- metallic Commissions listened attentively to MT. Aliens remarks. He was evidently indignant, and he took the floor to re- ply to his criticisms. He said:
 It is not pleasant to a ef-respecting man to meet such suggestions have been made by the Senator from Nebraska. This debate has taken turn which I deprecate, and | would time, which ought to be devoted to the con sideration of the pending bill, were it not that I desire to inform the Senator from Nebraska that the three commissioners ap- pointed by the President spent than six months in Europe travelling where fheir