, 1876-06-11

Amount Of Silver Now on Hand and
in Circulation.
MIR. Kerr Will Be Exoperated by His
Investigators.
IN; CONGRESS.

| WASHINGTON, D. c., June 10.-In the Senat
there was scarcely q quorum present at tn
opening Of the session, and before the close
! quorum had disappeared. After an hour, Mr
Thurman, the South Carolina delegation to tn,
| Cincinnati Convention being upon tho floor
| moved an adjournment to allow, Is he put 1t
| the Presidential candidates to confer with thei
| delegates. Conlling and Morton were mean
while busy interviewing this delegation. Il
seems quite probable now it WILL be impossible
to keep quorum in both Houses pending tht
Cincinnati Convention.
III THE HOUSE
there was little more than . working quorum
present, and a large number Of Republican
members leave Monday for Cincinnati. The ab-
sence Of members did not, however, prevent the
House from having busy dry. The opposition
relates to jurors in United States courts, was
80 great that the bill was reeommitted.
The House passed the Senate bill to make
available an appropriation Of SIS, 600 to pay the
Commissioner for assessing damages Oh the
For and Wisconsin River improvement after
June 80, 1916. The Judiciary Committee also re-
ported bill to amend the statutes in relation to
damages for Infringement OF patents. It pro-
tAA-S 4AAak e%4< FAlN4ttCt cAIa1t VIl5 IECQfEI
damages for one years Infringement after
notice Of such infringement. It gives the
Court IN option on the damages.
SILVER B1LLs.
Pending consideration the morning hour e1-
pired, and the House took advantage Of the new
rule which was dictated by the Democratic
caucus to passtwo bills on finance. The first
was the Payne Silver bill, reported from the
Committee On Banking and Currency. It
authorizes tile Secretary of the Treasury to issue
ftA cy1g nrftv j1 +k1T b..
nut exceeding slo,ooo,0oo In exchange "4i for IL,
equal amount Of legal-tsnlers, the notes 30 re-
ceiycd to be kept rs special deposit to be
issued only for like amount ri fractional cur
rency, Which shall be destroyed and credited to
pleased with this bill, aDd were, annoyed that
The rule which they had dictated in CAUCUS in
order that bill ior tie unconditional repeal Of
the Specie Resumption act might be passed
should be made available topresent bill to put
resumption. The intationssts endcayored
in tho main to have the bill amended by the ad-
dition Of section Internationally repeating the
Resumption aot- ln the course OF the debate
an official statement wns read from the Trcasu-
r Department, showing to June the amount
of silver issued in redemption Of fractional cur
rency was St, IL, 795; for payment Of currency
obligations, $s s52 4A; total, s3,4g, ,16a; There
eh h,h hapa I'D. in Esxa5 The T55e99sn snd
Treasury q, $50 oo0 The bill was passed by
106 yeas to ~ nays.
rag SECOND BILL
which Vas passed is what is known as the Ran
dali bill, which provides for the further issue
Of silver coin. It provides that, in addition to
The amount Of subsidiary coin authorized BY
law to be Issued in redemption Of fractional
currency, 1t shall be lawfnl to manufacture at
the several mints, and issue through the Treas-
urJ, such coin to the amount Of sc, ,0UO, 900.
Tue silver: bullion required for this purpose is
ID be purchased from time to time at the market |
rate, with any money in the Treasury not other
wise appropriated, and the resulting coin may |
be Issued in tue ordinary disbursements Of the !
Treasury, but no purchase Of bullion shall be |
nade when the market for the same shall be |
such as will not admit Of the coinage without !
oss to the TREASURY, and any gain Of seignior-
age arising from this coinage shall be accounted |
Ter existing laws relative to subsidiary coinage,
provided that the amount of money at any one !
line invested in suEll silver bullion, exclusive OF
uch resulting coin, shall not exceed $1,OO0,D Goo.
t Is also enacted that the trade dollar shall not
leTeafter Be legal tender, and the Secretary Of
he Treasury Is authorized to limit from time to
ime the cofnage thereof to such an amount as
le may deem sufficient to meet the demand Tor |
ht same.
Several amendments were offered, but oil
rere rejected. 1t is argued by Alr. Randall, the !
r1tner Of the BILL tlidt The whole purpose OF the
ill was to increase the amount OF silver In cir
ulation, He did not believe the business Of
he country could be properly conducted with |
ess than 800, 0,000,O zoo Of subsidiary silver coins.
fany business men thought it should be at
cast $65, 900 00 There was, he said, no con-
raction in the bill, nor did 1t authorize the
destruction OF grecnbscks. The bill was passed.
|