The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1890-06-28
THE SILVER BILL.
1t 10 Passed In the Senate by q Vote Of
AZ to 26. M

1t 10 Passed In The senate by q Vote OF
AZ to rs.
WASHINGTON, June 17.-After the
transaction of some other business in
the senate to-day the house silver bill
was taken up and Wolcott addressed the
senate, making his maiden speech to
that body. The senate then proceeded
to vote on the amendments reported by
the finance committee. The first was to
strike out the provision that treasury
notes issued for purchase of silver '.shall
be legal tender in payment of all debts,
public and private" The amendment
was rejected-yeas, IA; nays, SO; and the
provision remains in the bill.
The next vote wa on the amendment
to strike out the bullion redemption
clause. 1t wa agreed to-yeas, 81;
nays z.
The next vote was on the amendment
to strike out the sixth section, for free
coinage of silve; when the price was one
dollar for 3714 grains Of pure silver.
It was rejected-yeas, 16; nays, IS; SO
the section is retained. .
Mr.. Plumb offered the following sub.
bill:
That from and after the dat dmy
passage of this act the unit Of value in
the United States shall be a dollar and
Az No., ~onny ho ooi,noI ~ A101/ ,,o:-o
of standard silver, or OF twenty-five and
eight-tenths grains of standard gold; and
such coins shall be legal tender for oil
debts, public or private; that thereafter
any owner of silver or gold bullion may
deposit the same at any mint of the
United States, to be formed into standard
dollars or bars for his benefit, and with
out charge; but it shall be lawful to re-
fuse any deposit of less value than one
hundred dollars or any bullion SO based
as to be unsuitable for the operations OF
the mint.
Mr.. Plumb's amendment was agreed
to, yeas 43, nays "a.
Mr.. Plumb moved to add anew section
to come in as section 2, as follows:
"That the provisions Of section 3 Of an
act to authorize the coinage of the stan
dard silver dollar and to restore its legal
tender character, which became q law
February %, 1878, is hereby made appli-
cable to the coinage in this act provided
for"
Agreed to without division.
Mr.. Reagan offered the following
amendment as a substitute for sections
8, 4 and 5:
SEC. 8. That certificates provided for
in the second section of this act shall be
of denominations of not less than 81 nor
more than 800, and these certificates
shall be redeemable in coin of standard
value. A sufficient sum to carry out the
provisions of this act is hereby appro-
priated out of any money in the treasury
not otherwise appropriated. The pro-
vision in section 1 Of the act of February
%, 1873, entitled Gan act to authorize
the coinage of the standard silver dollar
and to restore its legal tender character"
which requires the secretary of the treas
ury to purchase at the market price
thereof not less than 100000 worth of
silver bullion per month, nor more than
$4,OOO,OOO worth per month Of such
bullion is hereby repealed. &,
MI. Teller moved to add the f0ilewing
as q new section:
That the certificates provided for IN
this act shall be receivable for all taxes
and dues to the United States, Of every
description and shall be legal tender for
the payment of all debts, public and pri-
vate.
After a long discussion it was modi-
fed Eat the suggestion of Eustis) by add
ing the words sand all silver certificates
already issued" and as so modified it was
agreed to-yeas A, nays %.
MI. Plumb moved to insert the follow
ing as an additional section:
Owners of bullion deposited for coin
age shall have the option to receive coin
or its equivalent in certificates provided
for in this act, and such bullion shall be
subsequently coined.
Agreed to without division. The bill
was then reported to the senate and all
amendments agreed to in committee of
the whole were agreed to in the senate
yeas 40, nays rs.
The bill as amended was then passed
yeas, AZ; nays, Is. Opinions as to the
probable action of the house on the 9 n
ate silver bill differ very widely. There
is a sentiment, even among the friends
of the bill, as it passed the senate. that it
will get into conference, and that out OF
the conference will be evolved a bill pro-
viding for the purchase of four and one
half million ounces of silver monthly,
certificates issued in payment thereof to
be legal tender and not redeemable in
bullion. Such o measure, it is generally
believed, would receive the presidents
approval.
Tariff Bill Reported.
w--,,,mo,, T,,no ia fn1l moot.