The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-05-29

AAtlA ~ tite. dNJp tAou OF tne rule Tor =
= the consideration Of a bill to in y
crease subsidiary silver coinage. ,
Mr.. Sutherland believes that the =
? result of the legislation proposed =
> by the bill viii be the final retire y
2 ment of legal tender silver dollars y
, and their recoinage into subsidiary =
2 silver coin representing but bullion =
= value =
The rule for consideration Of the =
= bill was adopted by practically a =
= party vote, Mr.. Sutherland being =
= the only Republican voting with =
= the Democrats. =
$500
WASHINGTON. May 2S-The house
w spent the day debating the bill
to increase the subsidiary coin
age by coming the silver bullion in the
treasury, and to recon standard silver
dollars as the public necessities may
require. The limit Of subsidiary coin
a &c is now stOO.OOO,OOO The bin in
creases this to an indefinite amount in
the discretion OF the secretary Of the
treasury.
The bin aroused the opposition Of the
Democrats. who claimed IT was only a
step in the direction Of the complete
striking down of the silver dollar. The
debate drifted into a general discus
sion Of the silver question. Very little
interest was shown, and Mr.. Cochran
twice made the point that no quorum
was present.
Mr.. Newlands Of Nevada offered an
amendment to make subsidiary silver a
legal tender, and this amendment was
pending when the house adjourned.
The regular order then being demand
ed. vote was taken upon the adoption
of the rule for the consideration Of the
bin to increase the subsidiary silver
coinage, which was pending when the
house adjourned yesterday. The rule
was adopted-99 70 Is. Under its terms
two hours were allowed for general de-
bate.
Hill a Strong Supporter.
Mr.. Hill Of Connecticut, who had
charge of the bill, expressed surprise
az the criticism of the measure INDUCED
in by Mr.. Shafroth yesterday. There
seemed to be a misunderstanding. he
said, as to the scope of the bill 1t had
nothing to do with the question of ex-
change, abolition or redemption Of sill
yer dollars contained in the Fowler
bill tt covered only the subject of sub
p
that the minority had not seen At to
attack it IN their report.
IT provided for the coinage of the
silver bullion In the treasury and the
recOinage of silver dollars into subsidi-
airy coin as public necessities might re-
Quire. The amount Of bullion in the
treasury was 44520, 80 ounces. its coin
age value in dollars being S57.562. $50.
end in subsidiary coins. S61,546,10O-
In the course Of his remarks Mr.. Hill
declared that the legal tender silver
dollars had cost the government $3.50. =
O0O,O 600 in the last twenty years, which,
he argued. was convincing proof of the
wisdom of their retirement
Call For a Quorum.
When Mr.. Hill concluded there were
not over twenty members on the floor.
and Mr.. Cochran made the point of no
quorum. The bells were rung. and in
a few minutes Mr.. Tawney. who was
in the chair. was able to count
quorum. The debate then proceeded.
Bell Scores Hill.
Mr.. Bell of Colorado opened against
the bill. He declared that every great
panic from which the country had suf-
fered had been precipitated by the
currency tinkerers, - like Hill The VI
innate act Of Mr.. Hill and his friends.
he said. was TO create an aU-powerful
banking trust, which would control the
issue Of paper currency II this pro-
gramme was carried out, he, said, all
the currency would disappear except
gold and bank paper The pending bill.
he said, was one of three. and the only
one the Republicans dare pass in the
face Of the congressional elections.
Mr.. ShaIlenberger Of Nebraska also
contended that the pending bill was
only the FIRST step i'm the direction of
creating a monopoly. Messrs. New
lands of Nevada and Lewis Of Georgia
also opposed the bill.
General debate was then closed. and
the bill read for amendment under the
hve-minute rule.
Mr.. Smith of Iowa argued in support
Of the bin that instead Of being a meas
ure OF contraction. it would increase
the amount of money in circulation to
the extent of the silver bullion coined
tower $4,000 000).
Amendments Offered.
Mr.. Grow of Pennsylvania offered an
amendment providing that the sub
sidiary coins should consist Of half dol
lars. quarter dollars ten and five-cent
pieces Of propOrtionate parts of twelve
and a half grains. To this amendment
Alr. Newlands offered an amendment.
providing that such coins should be
full legal tender for all debts, public
and private.
Mr. Hin made the point Of order that
the amendment to the amendment was
not germane. The point of order was
Overruled.
Mr.. Cochran Of Missouri supported
the Newlands amendment. at the same
time denouncing the bill. He warned
the members of the majority that the
time would come in their defense Of the
proposed legislation when they would
be as Jack rabbits before the hounds"
Without action on either amendment,