New-York tribune., 1879-04-14
SILVER Legislation.
4 BILL DIRECTING IHE COINAGE or SIX MILLION
DOLLARS PER MoNTH-REDEMPTON OF sUBsID-
IApY
lBY TELEGRAPH TO THE rRrsrxE.I

DOLLARS PER MONTH-REDEMPIlONO OF SUBSID-
IARY coin.
IBY TELEGRAPH TO THE TRIBUSE.l
WAsHINGToN, April 13.-Mr. Buckner, chairman
of the Committee on Banking and Currency, has
prepared bill for the increased coinage of the sill
yer dollar which he will introduce in the House at
the first opportunity. Judge Buckner says that
Congress should take some action in this direction,
especially at this time; as he believes that If Eng
land, Germany and the Latin Union were shown
that this country intends TO adhere to silver these
countries would remonetize silver. He saws that of
late the question has been seriously discussed in
Europe but that having seen Secretary Sherman's
recommendation that only fifty millions Of the
silver dollars be coined. these foreign Governments
take this a semi-ofical declaration that no more
Will be issued The following the bill Chairman
Buckner has prepared.
lie enacted, ETC.. That much Of the act entitled
An act 10 authorize the coinage Of the standard silver
dollar anu 10 restore It's legaeuder character Of Feb
Tuary %, 1873, author the Secretary OF the
Treasury 10 purchase from time TO time SILVER bullion at
per month nor more that 81 900 900 worth per month
and cause the same 10 be coined into dollars, be- re
pealed and the Secretary of the Treasury hereby
0n0 ] aI @ u ~ y, sycr bnIio @t 'H m
rate and the into standard silver dollars each
and every month until the market value Of silver bull
and all coinage OF subsidiary coins and OF trade dollars
ana whenever coined standard silver and silver bnIo
snail he al par at NewYOrk the Secretary Of the Treas
shall discontinue the purchase OF silver bullion. and
thereafter silver bullion shall be coined into the
stand ard silver dollars on the same terms
provided as 10 the cOnase Of gold provided that the
exceed the actual average cost of the material labor
wastage and use OF the machinery employed. 4 suii-
Ccnt sum TO carry out the provislons of this act is
hereby appropriated out OF in the Treasury
600 shall at any time be invested in such silver
bullion.
The bill introduced in the last Congress by Judge
Buckner differed from the above in that ii fixed
the minimum coinage at seven millions month,
instead of six millions as above 1t also contained
a section providing for an exchange of silver in
sums above 500 for gold at the b-Treasury in
New-York and the Mint at Philadelphia This
section il was thought inadvisable 20 attempt to
pass part of the main object of increasing the
coinage.
A general press dispatch says that Judge
Kelley has prepared and will tomorrow introduce IN
the House Of Representatives, under the call Of states.
II Pennsylvania be reached, bill which is designed to
remedy the inconvenience and losses Occasioned TO
Uorkmen and retail dealers by the accumu-
latiOn In their hands OF certain denominations
OF silver coinage. 1t proposes TO require the
Treasury and all subTreasures q the United States TO
redeem with legaltender money the subsidiary silver
coin whenever presented 70" redemption So
muitipes thereof and also provides that further
for twelve months be receivable customs or
other obligation due the United States; and that
when received they snail be recOined into standard
silver dollars OF 4lZig grains.