Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1878-02-20
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THE NEN ATE
BY a Vote Of rs to 81 Votes
a412 1-2 Grain Dollar

Nv ~ - ~ " SSAAa ASOAAtVA
A Full Legal Tender for
all Debts.
In the Senate Friday, the 10Th, after
ingalls, closed his speech in favor of
the bill, Allison took the floor to
close the debate, and made an argu-
ment in favor of the bill.
Lamar said he had painful but
duty to perform /; he had
read the resolutions of the Mississippi
instructing their Sena-
tors to vote for the silver bill. He
said there was a great gulf here be-
tween the resolutions and his-convic-
tons, To-day my lessons confront
me: to-day l must be true or false,
honest or cunning, faithful or un-
faithful to my people, even in this
hour of their legislative displeasure
and disapprobation. l can't vote as
these resolutions direct.
The question being on striking out
the free coinage clause, and inserting
a clause directing the Secretary of the
of the Treasury, out of any money in
the treasury not otherwise appropri.
ated, to purchase of silver bullion not
less than $2,OO0,OO0 monthly, nor
more than 100000, and have the
same coined, etc., the Vice President
said Morgan, of Ala, proposed an
amendment which was read. 1t pro-
vides that the holder of any silver
bullion may deposit it at any. mint in
quantities of value of not less than
800 in a single deposit, and not to
exceed the value of 500. 900, during
any calendar month to be coined into
dollars. 1t further provides for the
issue of certificate for bullion SO
deposited, such certificate to be paid
in legal tender.
Beck's amendment came up direc-
ting the Secretary Of the Treasury to
purchase and have coined into dol
lars not less than three million dollars
of bullion monthly, and providing
that when bullion is only purchase
BILE at par, the Secretary may notify
the public,an owners may have their
bullion coined for their own benefit.
After considerable debate, in which
Thurman, Blaine, Voorhees,, Beck,
Ferry, Edmunds, Merrimon and AL
lison Joined, Thurman moved re-
cess until s o'clock. Rejected.
Beck modified his amendment
slightly, and it was rejected.
The Finance Committees amend.
ment was amended by inserting
worth" making it read two to four
millions worth Of bullion per month
and 1T was also amended by inserting
the words monthly as fast as pur-
chased"
Mcdonald moved to strike ont the
words, "no more than four millions y
Rejected-3Ot to IL.
Motion for recess was again voted
down.
Morrill, submitted an amendment
as follows:
"Provided further, That for the first
year after the passage of this act nc
more than Is per cent, and for the
second year not more than SO per cent
of any payment for duties shall be re.
ceivable in the coinage hereby author.
ized." Rejected--yeas, 81; nays, 46
| Wallace offered an amendment pro.
viding that 100000 such dollars
shall be coined during three years
from date, and the average monthly
gold price paid for silver bullion dur.
ing the last twelve months thereof
shall be less than 97-1OO of a dollar
The Secretary of the Treasury may
suspend the coinage until further &C.
ton of Congress.
Ferry and Window opposed. The
amendment was lost-4O to 26.
The Finance Committees amend.
ment to strike out free coinage wal
agreed too to 90 nays.
The question being on the second
section of the Finance Committed
bill providing for an international
commission to adopt a ratio between
gold and silver, Eaton moved to in.
clude Great Britain with the Latin
Union. Lost.
Bayard and Morrill, favored and
Salisbury opposed it.
Allison modified the amendment
by striking out the words, "of legal
TENDER" SO that the conference should
not consider legal tenders. Agreed
to by 40 to 30.
Mcdonald moved an amendment
making the silver dollar q legal ton.
uei oA ara s-lA-z s."tslfo .sTu private
except where otherwise provided BY
contract.
Window moved to adjourn till moor
Monday. Rejected, and McDonald's
amendment was agreed to-yeas, 81
nays, 30.
Morrill, submitted the following
amendment: "And for all incom
pleted contracts requiring money pay.
ments such payments shall be made
on basis of value represented by
United States notes at date of such
contract" Rejected: yeas 90; nays
"A.
Cameron submitted an amendment,
that the silver dollar shall consist O,
APO grains.
Blaine submitted an amendment to
Cameron's making the silver dollar
consist of 425 grains. Rejected: yeas
% nays as.
Eaten submitted an amendment to
have the dollar of 440 grains. Reject.
ed: yeas Is, nays 40.
The question then required ON Cam.
eron's amendment to make the silver
dollar consist of 42O grains and il
was rejected: yeas 80, nays A.
Whyte submitted an amendment to
limit the legal tender power of the
silver dollar to 500. Rejected yeas
20. nays 46.
Burnside submitted an amendment
SO as to provide that silver dollars
shall be legal tender at their nominal
value for all debts and dues, public
and private, amounting to sums of
not over $500,except where otherwise
expressly stipulated, &c. Rejected
without roll call.
Sargent submitted an amel dmeut
providing that silver dollars shall be
legal tenders for all debts and dues,
public and private, except on duties
on imports, interest on public debt,
and except where otherwise express
~ stipulated. Rejected: yeas Is;
nays 45.
Morrill, submitted an amendment
providing that for any amount of sill i
yer dollars which may be issued I'M
der an act, shall be redeemed and
cancelled by the Secretary of the
Treasury, an equal amount Of u. s.
S. notes. Rejected without roll call.
Coke submitted an amendment pro-
viding that any holder of coin au-
thorized by this act or of silver bull
lion of requisite fineness may deposit
the same with the treasurer or any
assistant treasurer of the United
States in sums not less than dollar
each, corresponding with the denomi-
nations of United States notes, The
coin deposited, or representing cartif-
icates, shall be retained in the TREAS
ury for the payment of the same on
dem and, and bullion shall he coined
as rapidly as the engagements Of the
mint will allow.
Chaffee submitted an amendment
to that of Coke, authorizing the Sec
rotary Of the Treasury to receive de-
posts Of silver bullion in sums not
less than - dollars, and the issue
of certificates therefor, said certifi-
Gates to be redeemed one year from
their date, and to be receivable at par
for all dues to the United States, in
clu1inO 1ufioa nm inpor<o