consideration of the Senate providing that these Indians may be admitted to citizenship if the present law is indeed insuffi- cient.
The resolution was road, as follows:
Resolved, That the Senato will hold a session on Saturday, 21st instant, from 12 o'clock noon until 1pm to hear a committee of the working 1964)entitled "An act to reduce taxation, to provião revenue for the Gov- men's organizations of the United States in opposition to the hill (H. E.
The VICE-PRESIDENT. Without objection the paper will be printed as a document and referred to the Committee on In-ernment, and for other purposes." dian Affairs.
REPORTS OF COMMITTEES.
Mr. VEST. I am directed by the Committee on Finance, to whom were referred certain amendments intended to be pro- posed to the bill (H. R. 4864) to reduce taxation, to provide rev- enus for the Government, and for other purposes, to report them favorably, I move that the proposed amendments be printed, and that they may lie on the table.
The motion was agreed to.
Mr. VILAS, from the Committes ou Pensions, to whom was referred the bill (H. R. 3318) granting a pension to Mrs. Fannie M. Norman, reported it without amendment.
Mr. KYLE, from the Committee on Education and Labor, to whom was referred the bill (S. 1563) to prevent the abuse of the writ of injunction and other legal process, and for other pur- poses, asked to be discharged from its further consideration and that it be referred to the Committee on the Judiciary; which was agreed to.
The VICE-PRESIDENT. Is there objection to the present consideration of the resolution?
Mr. COCKRELI. Let it go over, Mr. President. The VICE-PRESIDENT. There is objection, and the reso- lution will go over under the rule.
SUSPENDED PENSIONS.
Mr. ALLEN, I submit a resolution for which I ask present consideration.
The resolution was read, as follows:
Resoined, Thint the Secretary of the Interfor be, and he is hereby, directed and required to inform the Senate of the names and post-office address of all pensioners of the Governinent whose pensions have been suspended or can. celed since the 4th of March, 1898, and the cause of such suspension of can- cellation.
Mr. COCKRELL. Let that go over, Mr. President. The VICE-PRESIDENT. There is objection, and the resolu- tion will go over under the rule.
COINAGE OF STANDARD MEXICAN DOLLARS. The VICE-PRESIDENT. The Chair Jays before the Senate the resolution of the Senator from Orogon [Mr. DOLPH), coming
Mr. WOLCOTT. I ask for information whether that resolu tion takes precedence of the resolution which I hope to have dis- posed of to-day, and which I think can be disposed of merely by vote. 1 refer to the resolution respecting the coinage of stand-
Ho also, from the same committee, to whom was referred the bill (S. 1628) to protect the first day of the week, commonly called Sunday, as a day of rest and worship in the District of Colum-over from a prorious day. bia, asked to be discharged from its further consideration and that it be referred to the Committed on the District of Colum- bia: which was agreed to.
He also, from the same committee, to whom was referred the bill S.1787) to provide for public improvements and employ-ard Moxiem dollars. ment of the citizens of the United States, asked to be discharged from its further consideration and that it be referred to the Committee on Finance; which was agreed to.
He also, from the same committee, to whom was referred the hill S. 1788) to provide for the improvement of public roads. and for other purposes, reported adversely thoroon; and the bill was postponed indefinitely.
MA. STEWART, from the Committee on Claims, to whom was referred the bill (S. 459) for the relief of B. F. Myers, reported it with an amendment, and submitted a report thereon.
Mr. WOLCOTT, from the Committee on the Library, to whom was referred the joint resolution (S. R. 66) providing additional clerical force for the Librarian of Congress, reported it without amendment.
Mr. PEFFER, from the Committee on Pensions, to whom was referred the bill (S. 1876) to provide for the payment of accrued pensions in certain cases, reported it without amendment, and Submitted a report thereon.
BILLS INTRODUCED.
Mr. HANSBROUGH (by request) introduced a bill (8.1877) to authorize the purchase of a site for the Government Priuting Onder which was read twice by its title, and referred to the Committee on Public Buildings and Grounds.
Mr. WOLCOTT introduced a bill (S. 1878) for the relief of Moyer B. Haas; which was read twice by Its title, and referred to the Committee du Claims.
Mr. BUTLER introduced a bill (S. 1879) to amend an net to regulate the sittings of the courts of the United States within the district of South Carolina; which was read twice by its title, and referred to the Committee on the Judiciary.
Mr. MCMILLAN introduced a bill (S. 1880) to authorize the Metropolitan Railroad Company to change the motive power for the propulsion of the cars of said railroad company; which was read twice by its title, and referred to the Committee on the District of Columbia.
Mr. HUNTON introduced a bill (S. 1881) for the relief of Ed- ward H. Murrell; which was read twice by its title, and referred to the Committee on Claims,
AMENDMENTS TO SUNDRY CIVIL APPROPRIATION BILL.
Mr. MITCHELL of Wisconsin submitted sundry amendments relating to the National Soldiers' Home, intended to be pro- posed by him to the sundry civil appropriation bill; which were referred to the Committee on Appropriations, and ordered to be printed.
Mr. HOAR submitted an amendment intended to be proposed by him to the sundry civil appropriation bill; which was re- ferred to the Committee on Commerce, and ordered to be printed.
TARIFF HEARING.
Mr. QUAY. I submit a resolution and ask for its immediate consideration.
Mr. HALE. And which is the first resolution in order. Mr. WOLCOTT. It is the first resolution,
The VICE-PRESIDENT. The Chair will state that the reso- lation to which the Senator from Colorado refers went to the Calendar under the rule. Unanimous consent was not asked that it should be continued.
Mr. DOLPH. My resolution will occupy only about five min- utes.
Mr. WOLCOTT. I ask unanimous consent that the resolution submitted by me (which if it went to the Calendar went by inad- vertence) may be taken up for the purpose of being put upon its passage.
The VICE-PRESIDENT. Is there objection to the request of the Senator from Colorado?
Mr. DOLPH. The Senator simply desires a vote on it? (He does not understand that it is to be further discussed?
Mr. WOLCOTT. I understand that it is not to be discussed further.
Mr. DOLPH. I do not object.
Mr. WOLCOTT. I may state that the Senator from New Jersey Mr. MCPHERSON] with very great consideration has stated that he will not press his amendment, and as I believe there is nothing more to be said on the resolution, I ask that it may be put upon its presage.
The VICE-PRESIDENT. Is there objection to the request The of the Senator from Colorado? The Chair hears none. resolution will be read.
The Secretary read the rosolution submitted by Mr. WOL- corr on the 2d instant, as modified yesterday, as follows:
Resulted, That the President at the United States, if not incompatible with the public interests, with a view to encourage and extend our commer- cial relations with China and other Asianic countries, be requested to enter into negotiations with the Republie of Mexico, looking to the colnago by the United States. at its mines, of standard Mexican dollars, auder some proper agreement with the said Republic of Mexico as to soigniorage, method and sinount of said coinage; and that he be further reg gested to report to re- suit of his negotiatious to the Senate.
The VICE-PRESIDENT. The question is on agreeing to the resolution.
Mr. GALLINGER, Mr. President, before the vote is taken on tho pending resolution, in favor of which I shall be very glad to cast my vote, I desire to ask permission, without reading, to have printed in the RECORD a communication which I find in yesterday's New York Press from the pen of Moreton Frewen, a noted bimetallist of England, discussing this question very in- terestingly and intelligently, and giving his adherence to the proposition of the Senator From Colorado.
The VICE-PRESIDENT. Is there objection to printing the matter referred to in the RECORD?
Mr. GORMAN. I trust the Senator from New Hampshire will not make that request.
Mr. GALLINGER. It is a brief and exceedingly interesting communication.
Mr. GORMAN. I know, but
Mr. ALDRICH (to Mr. GALLINGER). Read it yourself.
JOJE.
Mr. GALLINGER. I will read it myself. The Senate will be interested in hearing it read, and then it will go into the RECORD.
HFFECT IN INDIA.
It may perhaps be worth white to consider the British Indian interest in this new development of your silver policy. The Government of India has unprecedented, I believe, in the history of civilized governments, but would recently imposed a duty of 5 per cant upon imports of sliver bullica-a daty this bullion duty be payable also on Mexican dollars? I think not, and it
melting, the 44 per cent soigniorage leaving the colus still one-hair per cent
Mr. President, before reading the paper I will say that while I cast a very reluctant vote in favor of the repeal of the pur- chasing clause of the Sherman silver law, I felt then, as I foelo. then those dollars will be imported in great quantities into India for now, that the time is near at hand when some action will have to cheaper than bullion silver. But even if the duty should still be collected, be taken by the national Congress to give the country more cur- rency than there is in circulation at the present time. When business revives in this country, as it will sooner or later revive, the country will need more currency, and it will then become a very serious question for the Congress of the United States to determine in what form it shall be granted.
these dollare might supply the raw material of the Indian silversmith's trade, seeing that the rupte being now worth more than its ballion vaine. just as your dollars pass for twice their actual value in silver, has become too valuable to be sent to the melting pot.
And, further than this, it is not impossible that the government of India, now in sore staalte as to ber currency condition in India, right do worse than make the same proposal to the Mexican Government that Senator WOL COFF proposes the United States Senate should make,
IS HISTORY REPRATING?
I have ventured to write to you very fully as in this new aliver departure, because it seems to foreshadow results that may becoms of international tmportance. Your silver pariy, after defeal at home, after repeated disap- pointments at Paris and Brussels, is now looking for help westward across The Pacific to that mysterious nation which, if it would absorb even at ounce of silver per capita can at least mitigate for the world of trade the dis- aster threatened by the present oxebango convulstons of Europe with Asia. But what a strange commentary it all is upon the conditions of modern "progress" that this stream of abundant honey, rejected by Europe, al- though in the very throes of a currency contraction, should be diverted to flow westward, and be destined. pernas, to awakon China from a sleep of ages, even us that trummense how of silver from Fotosi vivided the industries of Europe and in the short period of sixty years quadrupled ali prices. As Prof. Cairtes has written of that mighty how of silver during the sixteenth century from Fotost is rendered possible the remarkable expansion of
When that time comes I may have some thoughts on the sub- ject which I shall desire to put on record, even though they may be to a certain extent in opposition to the public sentiment of my own State. I believe most thoroughly in bimetallism, and will never give my consent to any legislation in favor of gold monometallism in the United States. This country widely differs from England, France, and Germany in its monetary wants. Those countries are, so far as population is concerned., practi- cally finished countries, while this country is constantly increas ing its population at the rate of nearly 2,000,000 a year. That increasing population will demand and should receive increased eurrency with which to carry on the business operations of the people. The repeal of the purchasing clause of the Sherman law contracted the currency, and it is evident to every thought-renral trade which forms the most striking commercial fact of the age that ful mind that that contraction must in due time give way to an expansion of our currency. But I will not discuss that now. The communication to which I have referred is dated Washing- ton, April 6, and is as follows:
MEXICAN DOLLARS IN AMERICAN MINTS-MORETON FREYAN, THE ENGLISH BIMETALIXST, WRITES THE PRESS-PUTUUE OF SILVER AND FOREWIN TRADE--HE EXPLAINS TIE POSSIBLE INTERNATIONAL. SIONIFICANCE OF SENATOR WOLCOTT'S RESOLUTION INTRODUCED IN THE SENATE LAST WEEK. To the editor of the Prese:
Yours faithfully,
WASHINGTON, April 6,
177
MORETON FREWEN.
Mr. President, I rosa simply to secure the insertion in tho RECORD of this valuable contribution to the pending question, and this is all I now say on the subject. I trust the resolution submitted by the Senator from Colorado may be adopted.
Mr. DOLPH. I should like to ask the Senator from Colorado a question which I did not ask him when he was address- him. I presume everybody here understood what the Sonator meant, but for fear there might be some misunderstanding else- where or among the people, I desire to ask him if, when he said yesterday that Moxican silver dollars are at a premium of from I to 3 per cent, ho did not refer to the premiufo over the com- mercial value of the silver bullion they contained, and did not compare the Mexican dollar with any dollar of our issue?
SIR: A resolution was moved in the Senate to-day by Setustor TELLER for his colleague, Mr. Wolcot, that by agreement with the Mexican Governing the Senate yesterday, because I did not care to interrupt ment the free coltage of Mexican dollars should be permitted at the United States mints of Carson City. Nev., and San Francisco. Asuthe immese Brea over which these dollars are to-day legal tender is not very generally appreciated by those interested in the silver question, will you allow me to paint out the several trade developments likely to follow if this proposal is agreed to?
Your readers will bear in mind that while the French trade dollar and the American trade dollar have failed to obtain circulation in China, the Maxi- can dollar, on the other hand, is the current legal-tender money of a large portion of China and the Malay peninsula, as also of England's straits set- lements, Buraso and Ceylon. The Mexican wint reports show that during 1982 the coinage of these dollars aggregated twenty-six millions. of which mass, all but a million were exported from Mexico. Messrs. Page & Gwyth- er's report for 1693 shows that some five millions of these coins passed via Suez to Singapore, while not less than eight and a half uittons took ship at Say Francisco for China. It becomes important. in view of the Colorado Senator's proposal, to know what became of the $12,000,000 exported frora Mexico, but nos accounted tor. Doubtless a considerable portion went west from your Pacitte ports in the trunks of home-going Chinese.
SILVER MONEY IN GREAT DEMAND.
It must be borne in mind that the mint charge er "seigniorage" on silver dollars levied by the Government of Mexico is 4 per cent. The export duty on bar silver is only 2 per cent. It says much therefore for the demand of altver in the form of coin rather than bars that, while some 21,03.000 ounces Jeft Mexico as dollars, oniy 4,000,000 ounces left as bars. The direction of Senator WonCOTT's proposal now becomes evident. The great fall in silver raukos the Mexican dollár, which used to be exchanged at the rate of 4 st- ver dollars for 1 gold sovereign, to now exchange at the rate of 10 silver dol- lars for a gold sovereign. This operates as a groat stimulus to China's ex- poris to Europe and as a contracion of bar imports from Europe and Amer fou. This revolusion in the Chinese and Indian trade, which has followed from the British Government's recent tampering with the Indian stand. ard. promises to be the most interesting economie sud social problem of the coming years.
China, favored as against India by the prosent very low rates of exchange with gold-using nations, is about to incrasse very largely her exports, año will therefore import silver on an unprecedented scale.
It seems probable, then, that with the mints of Carson and San Francisco open to the free collage of Mexican dollars the silver product of the Rocky Monumains to-day haiting an outlet at heart-breaking prices may go dl rectly west across the Pacific to find a ready demand in China in return for lasports of tea, silk, jute, and many other commotities.
CHINA'S GREED FOR SILVER.
That there is a great scarcity of currency in China is not doubtful, as also that the Chinese can absorb allver in the form of coin very rapidly. The Imperial mint at Canton, is operations jealously guarded from all scretiny, appears to be the reunopoly of certain high place mandarins who run t When they require a supply of pocket money. This mint coined last year for all China less than 3,600 000 ouues, of which two-thirds was issued in the shape of 19,000.00 ten-cent pieces. These coins also were probably used for buttons. As suggesting the amout of currency which China might absorb if she could get it, contrast this coinage of only 3,000,000 ounces with the 40.000.000 nances British India, a poorer and less popalous country, has fre- quently coinei in a single year.
Senator WOLCOT's proposed may therefore prove to be of fubernational importance. It must make of San Francisco an important exchange cen- tar, and with such a dearth of Mexican dollars in Chfua as prevads to-day, it te izely that London merchants importing from China may order these dollars by cable and give gold bills on London in exchange for dollars to be skipped direct from San Francisco to Hong Kong and elsewhere. I am as- sured here that San Francisco banks would gladly make loans on the secu rity of coined dollars. watch arc wanted at high rates of interest in Calu Whereas with the silver market in its present condition, mere bar silver is by uo moans a negotiable security.
MT. WOLCOTT. Oh, certainly, above the present bullion value of silver, or above silver coin in any other formi except in the country where circulated; for instance, as above rupees they would be at a premium.
Mr. DOLPEI. That is, above the silver coin of the countries which are upon the silver basis?
Mc. WOLCOTT. Yes.
Mr. DOLPH. One more question. As I understand the Sena- tor's resolution, the proposition is simply for the United States to contract with Mexico to do the work of coining Mexican dol- lars?
Mr. WOLCOTT. Turning over the mechanical portion of our mints for the purpose of increasing the silver circulation under their supervision.
Mr. DOLPH. It is not supposed or intended that the United States will in any manner assume any responsibility for the value of or for the circulation of the Mexican dollar?
Mr. WOLCOTT. Not the slightest in any way.
Mr. DOLPH. I understood that, but I desired before the vote to make it plaiu.
The VICE-PRESIDENT. The Chair desires the attention of the Senator from New Jersey Mr. MOPHERSON). Is the amend- ment which he proposed withdrawn?
Mr. MCPHERSON. Ido not insiston my amendment. I think the amendment offered by the Senator from Ohio (Mr. SHER- MAN), which was accepted by the author of the resolution, will cover the whole ground, and therefore I shall not press my amend-
ment.
The VICE-PRESIDENT. The question is on agreeing to the resolution as modified on motion of the Senator from Ohio ¡Mr. SHERMAN]
The resolution as modified was agreed to.
COINAGE LAWS OF THS UNITELL-STATES. Mr. GORMAN. I am directed by the Committes on Printing to report a concurrent resolution, and ask for its present con-
sideration.
The concurrent resolution was rend, as follows:
Resolved by the Sexate (the House of Representatives (óncoming), That there be printed 6,000 additional copies of the fourth edition of the document enti- tled Coinage Laws of the United Staten, 1793 to 18" fepared under the direction of the Committee on Finance United States Senace, with the Ap. pendix, of which numoer 100 coptes shall be for the use of the Senate and 3,300 copies for the use of the House of Representatives.
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