Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1878-03-01
CONGRESSIONAL SUMMARY.
Senate.

Senate.
Mr.. Herman, Of New York, presented the
memorial of the New York bosrd of trade and
transportation, signed by the officers thereof
and large number of the business men Of New
York, demonstrating against the passage of the
silver bill. MIR. Ingalls,. Of Kansas, intro
duced a bill to promote the deposit of savings
in popular loan, and to provide for funding
the national debt into home bonds convertible
into currency. Referred to the commi tee on
finance. Mr.. Merrimon. of North Carolina,
spike in favor Of the Bland silver bill, and Mr..
Sargent, Of California, in opposition to that
measure. Adjourned.
The House joint resolution declaring it in
expedient to reduce the tax on whisky was
passed by vote of 40 to g.. Mr.. Jones of
Nevada, spoke at great length in favor of the
Bland silver bill and Mr.. Wadleigb, of New
Hampshire spoke in opposition. Mr.. Blaine
submittf his substitute providing for silver
dollar of 1926 grains, after which the Senate
adjourned.
The debate on the silver bill was brought to
a close in The Senate, Mr. Ingalls,, CT Kan. as
speaking in favor of the MEASURE, and Mr.
Allison, of Ilwa, closing tho debate. Mr.
Lamar p esented resolutions of thu Mississippi
LIE islature instrur ting ths II representatives to
vote for the 81 yer bill, and declared his deter
mination to vote against the bill i'll accor dance
With his 'onvictions. The vari us propo itions
in regard to remonet cation were Noted upon.
The committees amendment to strike ont the
ee coinage clause, an substitute claus for
the coinage OF from SO, 000 900 to 81, 000, 900 a
m nth was carried by a vote Of 45 tU %.
MI. Morrill, moved an amendment providing
that all existing contracts shall be paid III
United States notes at the + face value at rate
Of cont act resulting yeas, 20, nays. A. The
yeas and nays were next ordered on the anne d.
ment of Mr.. Cameron. of Wisconsin. making
the dollar consist of 420 grains which was
amended by MIR. Blaine to read 426 grains. The
vote resulted in yeas, % nays, 46 Mr.. Eaton
moved to amend by making the dollar 440
aims, which was rejected. The vote was
then taken on Mr.. Camerons amendment to
make the dollar 42O grains, resulting in yeas
Is nays, A.
The Silver Bill Passed.
The United States Senate, after an all-night
session, at Ave o'clock in the morning passed
the silver bill by vote of 4S to 81. The vote
~as as follows Democrats in small capitals)
Yeas-Allison Qa.), ARMSTRONG (Mo.), BAILEY
(Tenn.), BECK (Ky.), Booth (Csl) Bruce
fee tOol) CoCKRELL mo, COKE (Tex). Con
mover (Fla.), Davis (Ind., Il), DAVIS (W.Va)
DENNIS (Md.) Dorsey (Ark. j, EUsTIs Ola. J
Ferry (Mich.), GARLAND Ark. }, GORDON (Ga. y
GROVER (Or.), HEREFORD (W. va), Howe
{ o., Ingalls, Kan.) JOHNSTON tVa.), JoNE.
Ella }. Jones (Nev. }, Kellogg Na.), Kirkwooc
DAD, MoCREERY (Ky.), MCDONALD Ond.) Nc
MILAN Min Matthews Ohjo), MAxEY (rex. J
MERRIMoN IN. O., MORGAN (Ala.), 0glesby
BURY (hd.l, Saunders (Neb.>, Spencer Gaia. !
Teller [Col), THURMAN (Ohio) VOORHEES,
| Ind. :, WALLACE pa }, Window (Minn. WITH
Frs (Va )-48.
Nays.-Anthony Or. ~, BARNum (CoSN. }
BAYARD (Del.) Blaine (Me }, Burnside Or ~
Christiancy (Mich.), Conkling IN. W, Dawe
(Mass. }, Edmunds tVt), Hamlin (Me.), Hoa
PETERSON IN. j., Mitchell (Or.), Morrill, (yt }
Randolph On ~, Rollins IN. H. Sargen
(Cal.), Wadleigh IN. H., WHITE (Md. ).021
Messrs. Harris (Tenn) and Patterson Is. O. }
who would have voted in the affirmative. wer
paired with Messrs. Hill (Ga.) and Butler Is
| @ who would have voted in the negative. Mr.
Ransom On o., who would have voted in tn
affirmative, was absent on account of sickness
TEXT oFrTHR BILL.
The following is the full text Of the bill a
passed:
SECTION l. Be it enacted by the Senate an,
House of Representatives Of the United State
of America in Congress assembled, That Their
| shall be coined at the several mints of tn
United States silver dollars of the weight O
! four hundred and twelve and half (41215
grains troy Of Standard silver, as provided il
the act of January IS, 1887, ON which shall b
the devices and superscriptions provided b.
said act, which coins, together with all silve
dollars heretofore coined by the United State
of like weight and fneness, shall be a lega
tender at their nominal value for all debts an,
dues, public and private, except where other
wise expressly stipulated in the contract. AM
tbs Secretary Of the Treasury is authorizes
and directed to purchase, from time to time
silver bullion a5 the market price thereof
not less than two million coz, 900, 000) dollars
worth per month, nor more than four millio
GA, 000,000) dollars worth per month, an
cause the same to be coined monthly as fas
as 80 purchased into such dollars. And sur
sufficient to Carry out the foregoing provisio
Of this act is hereby appropriated out of an
money In the Treasury not otherwise appropri
ated. Any gain or seigniorage arising fror
this coinage shall be accounted for and PAL
into the Treasury as provided under existin
laws relative to the subsidiary coinage pre-
vided, that the amount of money at any on
time invested in such silver bullion exclusiv
of such resulting coin, shall not exceed fiv
million ($5,0O0,00O dollars and provide
further, that nothing in this act shall be col
strued to authorize the payment in silver @
certificates of deposit issued under the provii
ions Of section 254 of the revised statutes.
SEC. 2. All acts and parts Of acts inconsister
with the provisions Of this act are hereby II
pealed.
SEC. 8. That Immediately after the passag
of.ttis act the President shall invite the COY
ernments of the countries composing the Lati
Union, 80 called, and If such other Europea
nations as he may deem advisable, to Join th
United States in conference to adopt con
mon ratio betwes gold and silver, the pu
pose of establishing internationally the use G
bi-metallic money and securing fxity of tn
relative value between those metals such COZ
ference to be held at such q place in Euror
or in the United States at such time with
six months as may be mutually agreed upon Il
the executives of the governments joi ing
the same. Whenever governments 30 invited
or any three Of them. shall have signihe
their will ngness to unite in the same, th
President shall, by and with the advice and col
sent o the Senate, appoint three commissioner
who shall attend such a conference on beha
# the United States and shall report the do
ings thereof to the President, who shall tram
NIT the same to Congress. Said commission
} ers shall each receive the sum of two thousan
five hundred dollars and their reasonable o.
penr on to be approved by he Secretary OF Stat
and the amount necessary to pay such con
pensation aud expe ses is hereby appropriate
out OF any money in the Treasury not othe
wise appropriated
SEC. 4. That any holder of the coin autho
lied by the act may deposit the same with IL
Treasurer, or any ASST tant Treasurer of d
United States in sums not less than $40 an
, receive therefor certificates OF not less tina
$40 each corresp 1nding with the denomini
, tions of United States notes. The coin
posted for or representing the oertiicat.
shall be retained in the Treasury for the pa
ment of he same on demand. Said ceri
Gates shall be receivable for customs, tax
and ell public dues, End *hsn 70 received mai
bs Tsisszsdt