Show THE YORK OF O CONGRE important Measures Introduced I in the Upper House I SENATOR HILLS BILL I Leayes no Doubt of His Position on Financial Issues Stewart of Nevada Presents n Measure Which Will Giv Immediate Keller to the CountryA Debate Indulged In Which Grows Rather Warm WASHINGTON Aug 8 After the morning routine the Senate took a recess ill 1245 to await the arrival of the presidents pres-idents message Mr Lodge introduced a resolution for a vote on the repeal of the silver purchase act on the 22nd inst On reconvening the message was read Seldom in the history of the Senate has a message been listened to with such close attention Every senator seemed in a nervous strain and would not lose a nervous word As sOn as i was ended Mi Voorhees moved that it be printed and rpferred to the Committee on Finance The message was thereupon referred to the Committee on Finance with orders that it be printed immediately Mr Dolph of Oregon gave notice that he would after the moraine business address the Senate on the subject of finance A large number of petitions for and against a repeal of the Sherman act were presented and referred Then it was announced an-nounced that the introduction of bills was in order The first bill of the session was introduced intro-duced by Mr Hill of New York Its title was To repeal certain sections of the act of July 1 1890 n Sherman law I was referred without reading to the committee on finance The next two bills were introduced by Mr Stewart of Nevada Their titles were To Restore the Right of Coinage and To Supply aDeficiency Currency The latter bill was read in full It directs di-rects the secretary of the treasury to issue is-sue silver certificates equal in amount to silver bullion in the treasury purchased under the act of July 1 18901 in excess of the amount necessary at its coinage value to redeem treasury notes issued under that act and to use the same to provide for any deficiency in the reve lues of the government the surplus of such certificates to be used in the purchase pur-chase of 4 per cent bonds at their market price not exceeding 1 per cent premium pre-mium Mr Stewart said that he desired to call the attention of the finance committee to the latter bill Its purpose was to give immediate relief His bill provided he said for the issuing of one hundred milLion Lion of treasury notes to pay for bonds to be deposited by the banks as security for notes The notes could be afterwards retired re-tired with bonds and that would give about 150000000 of increased currency and would give immediate relief The Senate should not delay action when the country was in such a state of panic I would be unpatriotic for any man to getup get-up a discussion now but the silver men did not believe that they could allow the Sherman act to be repealed because they believed that that would be the end of silver coinage forever They could not agree to that but they did not want to be put in the position of contending against what was absolutely necessary At the present timo he was in favor of any temporary measure that would give relief and in the I meantime a discussion of the whole I financial question could > go on At the close of Mr Stewarts remarks his bills were referred to the committee finance Mr Hale of Maine offered a resolution fixing the hour for the daily meeting of the Senate after tomorrow at I oclock He said the president had very aptly and in no uncertain tone given business to the Senate and House to attend to and had quoted the maxims that he gives twice who gives quickly 1 His object in offering the resolution resolu-tion was to strengthen the presidents hands by increasing the length of the working day and thus decreasing the number of days that must elapse before the adoption of legislation which the president recommends I the Senate were to take a vote on August 22nd as proposed by Mr Lodge and which he thought twothirds of the Republican Senators would favor 10 oclock would be the better hour to meet than 1 But he was willing to let it stand at 1 He did not propose to have vote taken upon it now but would move its reference to the committee on finance He hoped the committee on finance would get together tomorrow and could report a joint resolution resolu-tion repealing the purchase clauses of the Sherman act and the Senate could get to work upon it Thursday Mr Gorman represented Mr Hales remarks re-marks a being made to gain a partisan advantage I was small politics that had suggested the resolution The Senate dare nota the senator from Maine knew dispose of such d question in haste Senators Sen-ators on both sides were divided in their opinion as to the proper remedy to be applied ap-plied He trusted all senators would arise above mere partisanship and would settle the questioa to the best interest of the country and he hoped nothing would be done on the Republican side of the chamber to excite party feelings on the Democratic side Mr oorhees chairman of the finance committee said that that committee I would be convened the day after tomorrow I tomor-row rowSeveral Republicans asked Why not tomorrow Mr Voorheeslshal issue a call tomorrow to-morrow for the committee to meet on Thursday to take up the great question as it must be taken up far away from the speeches of cheap demagogues suchas we have been listening to The idea of dealing deal-ing with this question in hop skip and jump style suggested by the senator from Maine is amazing in the Senate of the United States particularly in the case of the senatorwho is now put forward to undo what he has helped to do The senator sen-ator from Maine forgets that every curse of the Sherman act comes home to roost on that side of the chamber not on this Not a single vote on our side was given for that miserable act and the idea of the senator from Maine appealing to me to make haste to undo an infamy and fraud which he himself him-self voted to fasten on this country is about the most refreshing thing that I have witnessed in thirty years of public life1 laughter and hand clapping on the floor and in galleries Mr Shprman said that the act which was now Bought to be reversed had been caused by the imminent danger of the two houses agreeing to a bill for the free coinage of silver On this subject Mr Sherman went into some details which have been frequently published Mr Vest said the Senator from Ohio had made extraordinary statements which in justice to all Democratic Senators Sena-tors ought be now considered The Senator had stated that the Sherman act had been enacted in order to prevent the passage of a fee silver bill Mr Sherman To prevent a greater evil Mr Vest Is that a correct statement Mr Sherman The House provided far the monthly purchase of four and a hal um t I fm > > 1 I > = million dollars worthof silver which would now buy six and a half million ounces and to defeat that measure and also to prevent the passage of a free coinage bill as passed by the Senate this compromise com-promise measure was agreed upon Mr Teller said the discussion would not be closed on the 22nd of August A question of so much importance could note not-e disposed of properly in thirty days or in sixty days The discussion here closed Mr Hales resolution and Mr lodges resolution both lying on the table till tomorrow when they will be again laid before the Senate An adjournment was then taken |