The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-02-10
THE SILVER hill.
The various Amend mcnts to the min ana
the order In which They VIII Come
Before the senate for Consideration.
IN. Y. Herald

WASHINGTON. Feb 3.--The pending qles.
tion on the silver bill. now before the Senate,
is upon the amendment reported by the FL
nance Committee to strike out of the House
bill the clause allowing any owner Of silver
bullion to deposit the same at any mint or
assay office to be coined into silver dollars for
his benefit, upon the same terms and co1,di-
tians as gold bullion is deposited for coming
also repeatedly the ittee. directs
the Secretary Of the Treasury to purchase
from time TO time silver bullion, at the mar
ket price thereof, not less than $4,000, 900 nor
more than "a 100000 per month, and cause the
same to be coined into silver dollars. Any
Eain on seigniornge arising from this coinage
to be accounted for and paid into the treasury,
as provided under existing laws relative to
amount Of money at any time invested In such
silver bullion. exclusive of such resulting coin,
shall not exceed $5,0O0.000.
Another amendment. reported by the Fl
United States Immediately after the passage
nf the bill to invite the governments Of the
countries composing the Latin Union, SO
called, and of such other European nations as
he may deem advisable. TO join the United
States In conference to adopt d common ra-
ito of legal tender MS between gold and silver
for the purpose Of establishing internation-
, ally the use OF bi-metallic money, and seclr-
ing tiSity OF relative value between these
metals. This amendment also provides for
the appointment Of three commissioners to
attend such conference on behalf of the United
States: the conference to be held in such
place IN Europe or the United States. within
six months. as may be mutually agreed upon
by the executives Of the governments invited
to participate therein.
After these amendments of the committee
shall have been disposed of those submitted
by individual Senators will be voted upon
Mr.. Burnside has already submitted one to
the clause declaring that the silver dollars
shall be a legal tender for all debts, public,
private, etc, SO as to provide That they shall
be such legal tender for all debts and dues,
public and private, amounting to sums over
$500. Mr.. Burnside states his purpose In
Offering this amendment Is In the interest Of
the laboring men Of the country. The next
amendment is that of Mr.. Cameron, OF Wiscon-
sin, which proposes that the silvSr dollar shall
be Of the weight of 42o grains standard silver
instead of 412,S grains.
Mr. Christiancy's amendment Is next In
order. Ii provides for silver dollar of 434
grains, to be legal tender for all debts ex- /
cept when otherwise provided by law or by |
contract Ii further authorizes the Seere- |
tary of the Treasury to purchase not less |
than $4,000, 900 nor more than 81 600 900 worth |
of bullion per month. to be coined. etc: this I
part of the amendment being the same az
that reported by the Finance Committee above
1t also provides that the bill
shall remain in force only one year. unless re-
newed by Congress. q
The next is Mr.. Booths amendment. which
authorizes any holder Of coin to deposit the :