Daily independent. [volume] (Elko, Nev.) 188?-1915, 1890-06-19
County Official Paper
SILVER IN THE SENATE.
A Free Coinage Measure Adopted

The consideration of the House
Silver Bill was taken up IN the Senate
on Tuesday. The amendment re-
ported by tho Finance Committee,
striking out the provision that the
Treasury notes issued for silver shall
be legal tender in payment Of all
debts both public and private, was
rejected by vote of SO to IA. The
amendment striking out the bullion
redemption clause was agreed to,
yeas 81, nays 7. The amendment
striking out the provision for the free
coinage OF silver when the market
price Of silver shall be 81 for 3714
grains of pure silver was rejected;
yeas 16, nays 46. The amendment
fixing the Limitation Of the Act to ten
years was also rejected by vote of Ga
to4.
On motion Of Plumb the following
substitute for the first section Of the
House bill was adopted, yeas 43, nays
d: "That from and after the date of
the passage of this Act, the unit of
value in the United States shall be
the dollar, and the same may be coin
ed of 4l21a grains of standard silver,
or % 80 grains Of standard gold,
and said coins shall be legal tender
for all debts, both public and private;
that thereafter any owner of silver or
gold bullion may deposit the same at
any Mint of the United States to be
formed ilto standard dollars or bars
for his heaetit, and without charge;
Int it shall be lawful to refuse any
deposit of less value than $780,"
On motion Of Plumb section throe
OF the Act Of 1873 authorizing the
coinage OF the standard silver dollar
and restricting it's legal tender char
acter was adopted as a new section to
come in as section two.
Reagan offered the following amend
ment as substitute for section three,
four and five: Section three. "That
the certificates provided for in this
Act shall be of the denominations of
not lels than one, nor more than one
hundred dollars, and such certificates
shall be redeemable in coin Of stand
ard value. The provision in section
one of the Act of February %, 1878,
which requires the Secretary of the
Treasury to purchase at the market
price not less than two nor more than
four million dollars worth Of silver
bullion per month, is hereby repealed"
After q long discussion it was modi-
tied at the suggestion Of Eustis by
adding the words: "And all silver
certificates already issued," and as 80
modified it was agreed to, yeas 81,
nays "a Plumb moved to insert the
following as an additional section:
"Owners Of bullion deposited for coin
aye shall have the option to receive
coin or its equivalent in certificates
provided for in this Act and such
bullion shall be coined" Agreed to
without division. The bill was then
reported to the Senate, and all amend
ments agreed to in the Committee of
the Whole were agreed to in the SEN
ate. The bill rs amended then passed,
Yeas AZ, nays 25.
This action Of the Senate is a signal
victory for silver though it will still
have to run the gauntlet of the House
Of Representatives before being pre-.
sonted to the President for his sigma.
ture. What action the House will
take, and what the President will dc
IN case the House agrees to the bill
ns passed by the Senate, remains tc
10 seon, and the whole country will
anxiously await the result.