The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-15
PATCHING Up A SILVER BILL.
The Members OF the Two Committees
Trying to Agree

WASHINGTON, April 1.-The members
of the House caucus silver committee had a
two hours session this morning. There wa S
general disposition to reach some kind of
an agreement, aud a spirit of concession
characterized the entire proceedings. AS a
result when a recess was taken. the indica-
tions were that the members had at least
found a common ground, and that they will
be ready very shortly TO agree upon a for
NAL proposition, acceptable to themselves
at least, although further notifications may
have TO be made to meet the views Of the
republican senator's.
BASIS OF THE AGREEMENT.
The basis of the agreement will be the
Window bill as it emerged from the House
committee on coinage, with the addition
of few provisions intended to meet the
views of the silver men. IL will probably
provide for unlimited purchase of bullion
produced in the United States at the market
price, not to exceed 81 for 3711< grains, and
when that price is reached there is to be
free coinage. Treasury notes issued in
payment for silver are to be redeemable
in bullion or coin.
THE AFTERNOON SESSION.
The afternoon session Of the committee
lasted over two hours and there was verv
full discussion of the entire subject Secre-
tary Window was present part of the time.
but contented himself with a reiteraton of
his well-known views on the subject. He
would not abate his opposition
to the plan to make t.'aasury notes issued in
the purchase Of silver redeemable in any
thing else than silver bullion, but having
carefully discussed this matter, the com
mittee decided to incorporate in the bill
provision allowing their redemption in
bullion or coin at the option of the pur-
chaser. So the committee finally reached
the agreement above outlined, and will
meet the Senate committee tomorrow
morning in joint conference.
A meeting Of the republican senatorial
silver committee was held this morning and
at noon recess was taken. The discussion
at times was quite animated, but a spirit of
compromise was shown. The members are
pledged to secrecy as to the details Of the
meeting.
The Senate committee after session of
an hour and half this afternoon reached
conclusion Three propositions were agreed
to.
l. That the Secretary of the Treasury
shall buy 4,500,00 ounces of silver bullion
monthly, and issue notes in payment for the
same, the notes to be redeemable in bullion
or lawful money.
2. That national banks shall be allowed
to issue notes to the full par value of the
bonds deposited to secure their redemption,
which would add 10 per cent. to the volume
of national bank currency.
3. That the $l00,00O,O0O retained in the
treasury for the redemption of treasury
notes shall be put into circulation.
1t was proposed in order to induce
national banks TO take out the additional 10
per cent. Of circulation to abolish the
tax now levied on bank circulation.
but this was Withdrawn. The COMMITTEES
will meet the House committee tomorrow
morning and endeavor to scoiae to an un-
derstanding with the members Of that body,
to be reported to their respective caucuses
for adoption.