The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-02-04
GENERAL WASHINGTON DES PATCHeS.
WASHINGTON, Fob. 8, 1873.

l1. WAsmsGToS, Fob. g. 1873
THE SILVER BILL IN THE sENATE-AMEND-
MENTs TO BE ACTED ON.
The pending question on the Silver bill, now before
the Senate, Is upon the amendment reported by tho
Finance Committee TO strike out OF the House bill tho
clause allowing any Of silver bullion deposit
tho any mint assay office be coined into
silver dollars for his bonent, upon the terms and
conditions az gold bullion Is deposited for coinage
under exciting laws. Tho next amendment,
also reported by the Finance Committee. directs
Tho Secretary OF the Treasury to purchase from
time TO time silver bullion. at tho market proc
thereof, not 1855 than s2,o0),0 900 than
s4,OOo,OOO per month, and cause tho same to DO
coined into silver dollars. Any gain segpiorago
arising from this coinage to be accounted for and
paid into tho Treasury, provided under existing
laws relative to the subsidiary conage provided,
That the cunt OF money at any time Invested in
such silver bullion, exclusive OF such resulting coin,
shall not exceed So. 600, 900.
Another amendment, reported by the Finance Com
mtee Directs the President OF the United States i'm
medately after the passage OF the bill to invite tho
governments OF the countries composing tho Latin
Union, 30 called, and OF such other European nations
as he may deem ADVISABLE to JOIN the United States
In conference to adopt q common ra-
Ito of legal tender between gold and
silver for the purpose Of establishing Internationally
the use OF bimeiahc money, and securing nxity of
relative value between those metals. This amend
also provides for the appointment OF three Com
mssioners TO attend such conference behalf OF tho
United States the conference held In such place
Ia Europe the United States, within six months,
may be mutually agreed upon by the Executives Of
the governments invited to participated therein.
After these amendments Of tho committee shall
have been disposed orthoso submitted by Individual
l.,
ready submitted to the clause declaring that the
silver dollars shall DO loyal tender Tor all debts
public, private, &c, as to provide that they shall
such legal tcndcr for ali debts dues public aud
private, amounting to sums over $780, Mr. Burn.
sido states his purpose in Offering this amendment
s the interest Of the laborng OF the country.
The next amendment Is that of Mr. Cameron, of WIS.,
consn which proposes that the silver dollar shall be
of toe weight OF 420 grains standard silver instead OF
412Js grains
Mr. CLristancy's amendment Is next In order. II
provides fora silver dollar OF 43I grains, to be legal
tender for all debts except when otherwise provided
by law by 1t further authorizes tho Sec
rotary OF the Treasury purchase no, less THAI two
million dollars than four million dollars
worth of bullion per month, to DO coined, &C., this
part OF the amendment being the that
ported by the finance committee above mentioned.
1t provides that the bill shall remain only
one year, renewed by Congress
The next 10 Mr.. Booths amendment, which
authorizes any holder OF coin to deposit tho samo
with the Treasurer or any Assistant Treasurer OF the
United States In not loss than $40 aud receive
therefor certificates Tho coin deposited for the Ger
uGcaos shall DO retained In the Trcascry for tho pay
mont thereof on demand, and tho certificates shall
DO receivable for customs. taxos and all public dues.
Tho object OF this amendment ia to obviatc the
bersomcness Of silver coin In business TRANSACTIONS.
inc amendment oil Mr.. Morgan, next In order. al
lows tho FREQ coinage Of SILVER by permitting any
holder OF bullion to deposit It In an assay o1cc or
mint, not less than 800 single deposit moro
than 100000 worth during calendar month by the
same depostor, tho bullion TO DO valued at
Its market price for legal tenders at the dato OF do
posit Certificates TO BIO issued to the OF tho
bullion payable oy the Secretary OF tho Treasury in
legal tender notes silver dollars, In not less than
thirty moro than ninety days, and alter ono year