Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-03-24

silver. The bill provides that "all hold
ers of silver bullion Of the value OF 80
or more, standard fineness, shall be en-
titled to have the same coined into stand
ard silver dollars upon Xix,
terms aud conditions as gold is nov
coiued for private holders.n IL also pro
vides that 'the silver dollar shall be III,
unit Of account and standard OF value IL
like manner as now provided for the golC
dollar" and repeats the law for the issu,
OF silver certificates. The report of tn,
majority OF the coinage committee is tC
the effect that the passage of this measure
"would be injurious TO the public inter
est, and therefore, with an expression Of
unqualified condemnation, 1t reports the
bin adversely, and asks that it be put
upon the calendar"
Out of the minority of six members OF
the committee, three have signed mi
nority report, viz Mr. Bland, the chair.
man, Mr.. Lanham OF Texas and Mr..
Bynum of Indiana. Their report Is fol
lowed by an APPENDIX Of equal length,
consisting Of an address delivered before
the coinage committee by Mr.. Dexter A.
Hawkins Of New York. 1t is understood
that the debate will proceed upon MIR.
Bland's bill, or upon such amendments
| Cor amendments to amendmentS) and sub
stltuies Cor amendments TO substitutes)
as may from time 10 time be presented.
SILVER MEASURES NOW PENDING.
Among the propositions which may be
expected to receive attention and to be
presented TO the house during The discus
sion In some form, are the following,
which, for hrevity's sake, will call
"bills," whether they or their authors
are, or are not, rightly "before the
house,"
Mr.. Scott's Bill, pa -Under this bill
the coinage of silver and purchase OF bull
lion cease at once; "to be resumed when
the standard silver dollars in the treasury
shall have been reduced below twenty
millions by payments IN due course Of
laws" new bullion to be coined in each
month To make up the deficit below
twenty millions in the preceding month.
IL Is said in favor of this abill, iudepend-
entity Of the question of stoppage, that IL
arrunges the coinage to answer the real
demands Of the people, if business de-
mands them, near twenty millions of sill
yer dollars must be coined in a months
time. To this the answer IS made that.
In fact, there would ueverbe any more
coinage
Mr.. Warmers Bin (ohio) This bill
provides for the issue Of coin certificates
IN small denominations, on deposit of
silver dollars, for stopping the further
issue of these denominations of bank
notes and greenbacbs; for recoinage OF
half dollars ut the ratio OF I6.; for call
Ing in the trade dollars at the srate of the
STANDARD dollars and recoining them, and
for he issue OF the legal trade bullion
certificates Expressed in dollars) to pro.
coed each month upon the basis of the
average selling price of silver bullion in
open market in New York the month be.
fore. "Coin struck Mt European minis
aud ingots and bars made by melting
down such coin shall be excluded from
the provisions Of this act -
The current criticism upon the most
marked feature of the bill il that it gives
feld Tor liking" the market price and
makes the government an insurer of the
price Of silver bullion; that Tie exclusion
OF European liver is impracticable and
that IL facilitates decentralization of silver
IN europe by enabling governments to
sen on thelr sllvercoin-it not to America,
then to Asia.
Mr.. Hemphnl's Bill. Is. C1-Tbis
MI proposes to pledge the faith of the
means to promote the restoration of silver
to It's former position on q quality with
gold In the law OF the commercial nations
authorize the president to make treaties
for coinage and regulation OF the value of
money and to appoint commissioner Ia
conduct monetary neg )tiations, and pro.
vides that II no such treaties shall have
been made before A. ID lSS--, the silver
coinage act shall be suspended.
am not Informed Of the date 10 he
ilNed Tor Ibis stoppage wnon this hin. |
Whlch mas been mooted In committee
shal be presented to the house. A bill |
OF somewhat similar tenor was reported |
~ january, 1885, to the senate nv |
MT Morrill, Tor the senate finance com |
mlttee, with The date fixed wear md n /
hall ahead. The precise date is, under /
stand, reglrded as matter OF detail and |
as legitimate ground Of compromise. Inc
main point heng in fixing some reason.
aole limit TO the present condition of 81.
fairs. Va AZ
Mr.. Allison's bill Gowa) Beside i'm
pnrtant provisions touching the di>nosi.
sltlons and amounts of existing funds In
the treasury, which leave aside Nv moi
german here, the bill proposes that cold
coin shall be redeemable In silver coin
apu el'Ver cnin In gold coin at the sinh
treasury In New Yolk.
Mr. Sherman's bill, (Ohio. l-The him
substitutes for the present cDmnuIsorv
purchase OF bullion aud coiuage of doi.
larS' compulsory pu chase Of about tx
same sam amount OF bullion--2 ,0O0, 900 10
ovV,uuO ounces monthy--and the Issue ~
'ef''hcatfs thereupon at the value paid. [,
SUSPENSION PURE AND SIMPLE
y such measures there can be mo I.ct
there Is, OF course, a wide field ~ choice
p the Application. Different dates nav
Dc nNed ior the stoppage Of coinage snS
,,Ioppnge OF purchase OF new bnIlion
me suspension may last one or two -,
nore years, or be final 1t may be made {
. take place when certain total amonnt ,
M nave been coined, as 25O. 600 ON /,
'OO,Ooo,000, or more V'V'V'VVV' !
49,, PROSPECTS,.
u IS believed by some that the honso /,
slll pass the Blaud bill as a harmless }
which will please Constituents
'nu which Is quite safe never 10 become 2
aW. On the other hand, in the onnosi
ION, an ehoFt Is expected 10 be made -
/, forces on second measure ana i.
sucn measure be carried, the senate )