Daily Republican., 1879-05-27
The silver Bill.

tives at Washington will meet the fate
of the army bill when it reaches the
President, if it gets through the Sen
ale. The action of several Democratic
members of the Senate amongst whom
will be Senator Bayard, will be watch
cd with considerable degree of anx.e-
ty. Left to himself untrammeled, he
would vigoursly oppose the bill, but
with the Presidential bee buzzing in
his ears, it is hard to tell what he will
do. His dodging Of the yellow fever
bill is an evidence that he is trimming
for the Presidency, and while he is Nh
dergoing that process it is hard to tell
where he will turn up. Be that as
it may there is man in the white
house who holds with firm hand, and
sways steadily the destinies of the ma
ton, and who will not be afraid to do
duty when the time comes. No doubt
this obnoxious bill will receive prompt
veto, for two reasons, first, it was the
understanding that no other business
was to be transacted at the present ex-
ira session of Congress, than to pass
the appropriation bills, and second be-
cause the bill itself is obnoxious. The
following are the provisions of this bill
as it has passed the House.
1t gives the weight of the standard
silver dollar at 4l2t grains, and author
ICES the owners of bullion to deposit
the same at any mint, to be coined into
bars or silver dollars; makes the charges
for coming such bullion the differ
ence between the market value in New
York and the legal tender value of the
coin; makes subsidiary silver coin ex.
changeable at the Treasury for legal
tender money to the amount of twenty
dollars: makes the standard silver dol
lars legal tenders in all payments at
their nominal value; requires the
Treasury to pay out silver coin withou,
discrimination, the same as gold coin
in liquidation of all kinds of coin Otliga
tions against the government, anc
authorizes the issue of certificates t
depositors of gold and silver coin as
bullion; also authorizes the issue o.
certificates (representing coin in the
Treasury in payment of interest Oh
the public debt, both classes of certiti.
Gates to be receivable in payment o!
duties on imports. The certificates for
bullion deposited are to be for its aver
age market value in coin of like metal
during the preceding week in New
York and San Francisco. The gold and
silver bullion deposited is to be coined
to The full capacity Of the mint (in con-
nection with other coinage and if the
bullion disposited for coinage does not
amount to 100000 per month, the
treasury is to purchase sufficient silver
bullion to coin that amount. The ac'
is not to be construed rs authorizing
the coinage of silver except into th'
standard dollars.
While there are some red seming fea
lures in the bill there aie so man,
Objectionable features, as to make it a
once obnoxious. Perhaps it is vel
that til; is So rs a ye.U from the Presi
dent VII be one of tie most popula
acts of lis administration. Should tn
bill become law, tho governmeL
will be compelled to buy all the oil
silver that is offered to it, whether
be in bullion, old spoons or Germa
coin, and it is complied to pay iXe
price Tor it, no matter what the marke
price may be. 1t will prove to b
nothing but scheme fo- rnrichin
silver miners AID spr,u.ators at til
public Iense and by making it al
unlimited legal nder Tor all govern
mert dues, Iullic and private. |. de
prives the government Of its power t
fulfil its promises to its creditors
and thereby 20 q certain 'xten
involves repudi Ito. The Who'll
thing snacks of r,ntn~u iegi:
lui,n as pract ce in Tenn ssee, Texas
and louisiana where the STATE ub!igs
tions have been shamefllly dishonoret
We have only to take glance. owe
the fell to see who passed this bi
through the ouse to show tie es
character # it. 1t wi be seen ths
the same men who have been trying
force t government into political leg
is.ati)n 10 inure t. the benefit Of IT.
Democratic party, engineer d tie S.
yer bill. This of itself shows that III
true object of the bill, is to dislonc
and degrade the Government to rel
der UNI opular Republican Pres Il J.
and t. pave the way for the election {
Deptcrat. There were ia votes !
favor Of tie pasaage, and of these onl
were cast by Republicans ; and onl
eight Democrats in the entire Hou us
v1lel against it. 1t is also signifcai
fact that from the South ther" we've
votes eitrr paired or cast in favor
the bill and but four votes against i
It. is TINS apparent that this attempt
dishonpr the Government, to hurt i
cr,dii end to dsorgani2c the finances
tta country is the work of the Dem