, 1879-06-04


THE WARNER Silver BILL.
The latest Washington advices indioata a
poor prospect for tho WARNER Silver bill In
tho Senate, at loast 80 far aa tho present scs-
sion ie concerned. It has baen supposed
from dny to day that tho Finance Committee
Of tho Senate, to which It was referred when
it camo from the House, would tnko it up,
but yesterday tile Committee declined to do
30, though thoro is af, ,intimation that thoy
may consider 1t lator in tho week. It is
singular md unfortunate, go long De tho OK.
Tn session continues to bo dragged out by
the political aohomers, TINT Tho WARsEn
bill Is not taken up by tho Senate. Tho
Committee having 1t in charge consists Of
Senators DAyAnD, Dtonnn1y HERMAN, and
AL11sos, who arc said to bo opposed TO 1t;
Senators WALLACE, VoonnEEs, DEok, aud
JONES (of Nevada), who are in favor Of It;
ana, finally, Senator FEnnr, Of Michigan,
upon whose vote 1t is Haid the fato of the
bill in Committee will depoud. It is certain
that there is no othor mattcr before Congress-
now, inside from the passage Of the appro-
priasioa bills, which is moro deserving Of at.
tonsion, md the Senate might proatably en-
ploy ita timo in the discussion Of tho WAR
NEa bill pendiug tho tina1 disposition Of the
appropriations.
The WARNER bill is unobiectionab1o 40 for
as the prevailing sentiment of tho country
in regard to tho monetary use of silver is
concerned. It makes thu standard silver
dollar the unit along with tho standard gold
dollar, anl provides for the unlimited coin-
age Of both, according to the popular do
mand. In the cnse Of tho silver dollar, 1t In
provided tlnt my ownor OF silver bullion
may deposit the sama ut any mint. in
amounts Of not loss than 800 In valuo,
for conversion into standard silver dol
lars, md TINT the charges therefor
sltall be tho difference between tho
mnrEet valuo oil bullion in Now
York and tho loga]-tender va1ao Of The coin.
Tlis provision gives tho Government tha
samo profit in coinage that it now enjoys
the only d.fferouco Is that tho owners of sil-
yer bullion nny utifizo 1t for monetary p,lr-
poses, whereas it is now shut out from cosn-
ago except as limited by tho Inv aud tho off,
ClAl Q1AhL4NI kAG4EO4s -A4H 6GGkluA OI
the bill would seom to be complete answer
to tho statement that It is q schomo Of the
Donanza people to got coiu-value for nil
their Bilyer bullion, md it will certainly
operate Ms protection against tho rlsh Of
foreign silvor from abroad. Tho WAnyEn
bill also provides for the issning of oerlill-
Gates Of deposit In exchange for both silver
aud geld, In coin mud bullion, when offered
in su.ns not lass than $50, snid oertiacates to
10 issued in denominations of not
less than 81 each; tho bullion Ia
to be tatsen at its market value, a.
in tho case Of coinage, and both
coin and bullion so deposited are 10
bo retained in tho Treasury for tho payment
Of certificates on demaud, or to be coinotl
an1 paid out tho sauld NJ other money when
the certificates return to the TrenHury iu pay-
ment OF public dues rAoso aro tho nnin
provisions of tho bill "a It went to tho Son.
] ate.
Tho opposition to tho pasaaga Of this bill
| ID virtually tho shmo in argument mud 1rr-
sos7.et rs thu opposition to thu original 70.
nonotization Of the silver dollar. Thts bill
reaches out for tho practical results Of silver
ronunotlzatton, which wns accomplished
only theoretically lit tho bill passed by tue
| Int Congress-. at tho sa.ne tlmo, tie
chargo for coinage which goes to tho
! Goyermont, mud which IL always TO DO
equal to auy difference there In DO.
tween tho market valuo OF silver bulllo,
anl the leRal.tealor valuo Of tho coin, will