Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1890-02-28
PU BLIC MEASURES.
Bills introduced in Congress Reported by
Committees - Discussions Agricultural
Repositories.

Bills Introduced in Congress Reported by
Committees Discussions Agricultural
Repositories.
WASHINGTON. Feb. Ex-senator Vance
introduced Il bill to establish in every
county in every state of the Union an agri-
cultural depository under control of the
treasury department. in which the owners
of grain, cotton. tobabco. etc, may deposit
their produce receiving therefor ware
house receipt and treasury notes equal
to so per cent of the net value of their
deposit. Deposits may be redeemed at
any time on payment of the sum ad-
vanced and interest at one per cent per
annum. Fifty thousand dollars is appro-
priated to carry out the provisions.
NEW SILVER BILL.
The principal features of the silver bill
which will bc reported by the senate com
mittee on finance as a substitute for sever
al bills on that subject referred to it, are
stated to be these:
The secretary of the treasury is author
| lied to increase the purchase of silver bull
lion from two to four and a half millions a
| month. The requirement of the present
| law, that the coinage of silver be at the
rate of not less than two millions month,
! Is stricken out The secretary is also
authorized to purchase gold bullion in un-
restricted quantities. Upon this gold and
! silver bullion the secretary shall issue
| treasury notes of such denominations as he
! shall see fit, to lie redeemable in lawful
money.
FOR FARMERS RELIEF
Senator Paddock introduced in the SEN
! ate TODAY Il bill to amend the Interstate
| commerce act. The amendment is intend
| ed to provide relief to the farmers of the
! west who are at present unable to mar
! ket their crops on account of the high
| freight rates prevailing on the long haul
and which railroads claim cannot be re-
duced without demoralizing all the short
! haul rates under the Interstate act. The
bill provides that the long and short haul
| clause be amended SO that In case of an
infraction of that ction the commission
be obliged to cor slider the cost of trans
portation and the t,cts and circumstances
| bearing upon the market value of the pro-
,Iuct and if it appears that the product is
one of the neceSSarieS of life. and upon it
a lower rate Is indispensable. IN ord er to
enable such product TO be transported to
market such transportation rate. so far as
the long haul clause Is concerned. may be
I considered an exception to the general
rule The amendment also provides that
the long haul for such product. within the
meaning Of the amendment, shall be 500
miles or more. by the route over which the
freight Is actually transported.
WINDOWS BILL.
Secretary Window was before the house
committee on coinage. weights and
measures to-day. IN regard TO silver coin
age and declared his bill framed to meet
in the best way he could devise TO meet
the present financial condition of the
country. He disavowed all charges that
the bin was a mere make-Shift. that its
! author did not believe In 1t. and thG1t II
was brought forward 10 defeat some other
measure Mr. Window took up in order
, the objections that had been made against
the bill The matter of the
exclusion of foreign ores he covered
in an amendment to the frs
section. providing that every bar Of silver
; bullion imported must be stamped for
l eign. as must also such bars when re
. melted or refined This proviso Is elab
Grated and penalties provided for failure Il
2 comply Herewith. The secretary answered
: In concise manner other. objections snC
l said he was convinced that the meas
4 ure would meet all needs withou
endangering the interests OF the country
: ! would absorb the surplus silver and there
1 by put up its price. The operations O
. this bill would tend to raise the price 0
: farm proeucts. This bin would increas
: the circulation of the country twent,
million dollars annually.