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

explained the object of his amendment as be-
ing to fix the price of gold bullion at its value
in gold dollars and the price of silver bullion ]
at it's value in standard silver dollars.
The question was raised by Mr.. Reed and |
by him and Mr.. Garfield as to why |
the government should pay in Denver the price
of silver in New York, and then be at the e1-
pense of transporting it to Washington or New
York. i
Mr. Warner replied that that was exactly
what the government did now.
On motion of Messrs 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
whole, yeas 80, nays 70, without the yeas and
nays.
SECTION EIGHT AS AMENDED.
As it now stands it reads rs 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 treasurer 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
the branch mint at Carson City and at the
SoooAy
than twenty dollars, aud to issue certificates
therefor in denominations 1t the discretion u
the depositor Of not less than i've dollars each,
corresponding with denominations of United
States notes. The coin and bullion deposited
for on representing certificates ofdeposit shall
same on demand. and certificates representing
the coin in the treasury, together with those
issued for bullion deposited, shall be received
ut par in payment for all dues to
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
coined and paid out the same other money.
SECTION NINE.
MIR. Warner then moved to amend the ninth
section. which provides only coins of smaller
denomination than 81 shall be fabricated on
government account. The amendment is to
make the section read as follows:
From and after the passage of this act, except
as provided in section eight, only coins of less
denominations than one dollar shall be fabri-
Gated on government account, but the secretary
of the minis, in connection with other coins
the gold and silver bullion deposited under
this act, and in converting bullion into bars or
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
OF bullion for the purpose of ascertaining the
charge for converting the same into coin as
provided by section 1854 of the revised
statutes as amended by the fourth section of
this act, said market rate shall be the value
of bullion rated in coin of the same metal at
It's legal tender value in the cities of New York
and San Francisco, for the week preceding such
deposit.
Mr.. Claflin-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 ito the bull
lioniats nothing. If there is any profit what
ever it goes to the government.
Mr.. Clatsin-Not under this amendment.
Mr.. Marsh said that he had examined the
amendment 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
men on his side would vote for it, because he
feared that if it were voted down gentlemen
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.
As the law now stood there must be 81, 0Q0, 0O0
coined each month. If the Bland bill were re-
whether there would be any considerable
| amount of bullion deposited under the pro
visions of his bill. The gentlemen would wake
up some day and find that in their desire fol
additional silver coinage they had lost what
they already had. He did not believe the sec
ton should be adopted except with an amend
ment that in the event bullion be not deposited
to the extent of $4,000 GOO month, the sec
rotary shall enforce the provisions of the
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 81, 0OO, 600 should not 60 into tn
minis every month. The bill would transfe
the question of coinage from the secretary Of
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.
Mr. Wilber-It is one of the biggest jobs eve
proposed III this Congress.
MIR. Cannon said either through design, mis-
take or ignorance the gentleman from Obi
(Warner) came in with words of sweetness il
his mouth in favor of the silver dollar in orde
to stab and kill it.
Mr.. Warner-Oh, no.
Mr.. Cannon-Thep to prove it 1 ask the ger
tleman to admit an amendment authorizing
the secretary to enforce the Bland bill
Mr.. Warner will not object to 1T.
Mr.. Robinson-The language of this amenc
ment (Warner's) as understood it, is tina
the market value shall be rated in coin of tn
same metal as its legal tender value. Whs
does rated mean?
Mr.. Warnsr-Reckoned is a synonymou
term.
Mr. Robeson-That it shall be received {
its market value in coin of the same metal.
Mr. Conger-That would not accomplish til
object of the bullionists.
Mr. Warner-But if there is any profits Il,
, bullion dealer gets it. Loud laughter on tt
Republican side.)
Mr.. Robeson-Yes that is it, and the Cover,
ment does not get it.
Mr.. Wa'ner-That was a lapsus linqua