Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-05-24

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explained the object of his amendment as be-
ing to fix the price of gold bullion at its value
in gold dollars and the prico of silver bullion
at its value in standard silver dollars.
discussed by him and Mr.. Garfield as to why
the government should pay in Denver the price
of silver in New York, and then be ut the ex-
pense of transporting it to Washington or New
York. .,&a 5n
Mr.. Warner replied that that was exactly
what the government did now.
On motion of Mcssrs. Daggett and Maginnis
the words Carson City, Nevada, and govern
ment assay offices" were inserted in the eighth
section and then that section was adopted as q
whole, yeas 80, nays 70, without the yeas and
nays.
SECTION EIGHT AS AMENDED.
As it now stands it reads as follows:
The secretary of the treasury is authorized
and required to receive deposits of gold and
silver coin, and gold or silver bullion
deposited with the 4 treasurer or any
assistant treasurer of the United
States, or to receive bullion deposited
with the superintendent of the branch mint at
Denver, Col, or with the superintendent OF
government assay ofRces, in sums of not less
than twenty dollsrs, and to issue certificates
therefor in denominations at the discretion of
the depositor Of not less than i've dollars each,
corresponding with denominations of United
States notes, The coin and bullion deposited
be retained in the treasury for payment of the
| same on demand. and certificates representing
the coin in the treasury, together with those
issued for bullion deposited, shall be received
| at par in payment for all dues ia
the United States including duties on imports
provided all certificates for gold or silver bull.
lion shall be issued at the average market
value of such bullion in standard coin of the
same metal in New York and San Francisco,
for the week next preceding such deposit; and
provided further, that the gold or silver bull
lion which shall become the property of the
government by return of certificates to the
treasury in payment of dues thereto shall be
SECTION NINE.
MIR. Warner then moved to amend the ninth
section, which provides only coins of smalle,
denomination than 81 shall be fabricated or
government account. The amendment is tc
make the section read as follows:
From and after the passage of this act. except
as provided in section eight, only coins of less
denomination than one dollar shall be fabri-
Gated on government account, but the secretary
shall cause to be coined up to the full capacity
of the mints. in connection with other coins
the gold and silver bullion deposited under
this act, and in converting bullion into bars OF
coin for depositors precedence shall be given in
the order in which deposits are made, but this
provision shall not prohibit the delivery OF
coin or stamped bars in exchange for bullion
as soon as its value is ascertained provided
| that in determining the average market value
n foP "a mn nf pkoiv he
charge for converting the same into coin al
provided by section 1924 of the revised
| statutes as amended by the fourth section OF
this act, said market rate shall be tie value
of bullion rated in coin of the same metal at
its legal tender value in the cities of New York
and San Francisco, for the week preceding such
deposit. @
Mr.. Clafiin-This gives back to the bullion
lists the 16 per cent taken from them by the
amendment to the fourth section.
Mr.. Warner-No, sir. 1t gives to the bull.
lionists nothing. If there is any profit what
ever it Eoe. to the government.
MIR. Claflin-Not under this amendment.
Mr.. Marsh said that he had examined the
amend ment just offered and found that it did
not conflict with the amendment offered by
himself to the fourth section and adopted.
The amendment of the gentleman from Ohio
Warner, did not change his (Marsh's) amend.
ment one particle, and he hoped the gentle.
feared that if it were voted down gentlemen
on the other side would get in amendment
which would nullify his amendment to the
fourth section. ~
Mr.. Cannon said he would vote to strike out
| the section because it repealed the Bland bill
coined each month. If the Bland bill were re-
pealed he thought he had a right to d, ubt
whether there would be any considerable
amount of bullion deposited under the pro
visions of his bill. The gentlemen would wax,
up some day and find that in their desire fo
additional silver coinage they had lost what
they already had. he did not believe the sec
ment that in the event bullion be not deposited
| to the extent of $4,000 700 month, tho sec
| rotary shall enforce the provisions of tn
Bland bill.
| Mr. Warner signifed his Willingness to &C
cept the amendment. He thought, however
that it was impossible that bullion to tn
amount of $4,000, 600 should not 60 into tn
the question of coinage from the secretary o.
the treasury to the people who owned bullion
| daughter and cries of That's just it, on tn
Republican side
Mr.. Conger-Yes, we have seen people VIII
owned bullion in the Hobbies Yesterday and to
day. ar
Mr. Wilber-It is one of the biggest jobs eve
proposed in this Congress-.
Mr.. Cannon said either through design, mis-
take or ignorance the gentleman from Obi
| (Warner) came in with words of sweetness i
his mouth in favor of the silver dollar in orde
to stab and kill it.
Mr.. Warner-Oh, no.
Mr.. Cannon-Then to prove it ask the ger
tleman to admit an amendment authorizing
the secretary to enforce the Bland bill.
Mr.. Warner-I will not object to it,
Mr.. Robinson-The language of this amend
ment (Warner's) as I understood it, is tina
the market value shall be rated in coin of tn
same metal as it's legal tender value. Wha
does rated mean?
Mr.. Warner-Reckoned is a synonymou
term.
Mr.. Robeson-That it shall be received
its market value in coin of the same metal.
1 Mr.. Conger-That would not accomplish til
object of the bullionists.
Mr.. Warner-But if there is any profits til
bullion dealer gets it. loud laughter on tt
Mr.. Robeson-Yes, that is it, and the Cover,
ment does not get it.
i Mr.. Warner-That was lapsus inqua
(Laughter.) If there is any profit the govern
mert gets it. The other side of the House b,
!, insisted that under free coinage there woul
be profit some where, and have framed m
amendment 40 if there be profit the COVER