The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-07
A SILVER BILL AGREED ON.
The Senate Caucus Committee Ready
to Report.

to Report.
WASHINGTON, May 6.-An effort was
made by the Senate republican silver COM
mittee to-day to agree upon a silver bill to
be reported to the caucus. Three of the
thirteen members were absent The ten
present, together with Mr.. Stewart, who
was invited to take part in the proceedings,
after discussion lasting nearly three hours
decided to report to the caucus to be held
some day this week the bill reported by
Senator Jones from the finance committee
some weeks ago, with amendments.
NOTES NEEDN'T BE CANCELLED.
One OF the amendments proposed strikes
out the provision in the reported bill that
notes issued for the purchase of bullion,
when redeemed, shall be Cancelled, and in
structs the Secretary OF the Treasury to
reissue them with proviso that the amount
outstanding shall not be at any time in
excess Of the amount paid out for bullion
deposited.
Another amendment Is the addition of the
sixth section of the bill adopted by the
House caucus, which provides for the COW
ering into the treasury of about $40, ,OO0, 900
of lawful money. now held for tine redemp-
tion Of national bank notes.
THE SILVER TO BE PURCHASED.
The Jones bill, it will be Remembered.
authorizes the Secretary of the Treasury to
purchase monthly silver bullion to the value
of $4,000, 600, the total notes in payment
thereof to be redeemable in lawful money.
Two of the members Of the COMMITTEES felt
to-day that they could not unqualifiedly
give their support to the measure, though
they were willing to have the matter go to
the caucus for decision. One of them, it Is
said, will support it in case it is approved
nv rba Othar ror,,thlfOau k,,A H.
other is not ready to go even so far. He
desires time to consider the situation.
The order of business for the rest of the
week was also briefly discussed, but moth
ing was determined upon. The general
opinion was that the Idaho and Wyoming
admission bills should be taken up at 2
o'clock tomorrow as the unfinished busi-
ness, and that in the morning hour between
IL and Q o'clock the Dingler worsted bill
that the latter could be passed without ex-
tended debate.
ENGLAND's BI-METALLIsTs.
LONDON, May 6.-Mr. Gibbs, ex-governor
Of the Bank of England and president of
the league, has cabled the following to SEN
ator Jones in the name Of the Bi-Metallic
League
The friends of silver deeply regret the death
of Senator Beck, whose services In the cause of
monetary reform are most warmly appreciated
on this side Of the Atlantic. The bi-metallist
party in the United Kingdom, which
now includes over 100 members of the
House OF Commons. attaches the greatest
value to the debate about TO commence in your
illustrious chamber. We fully recognize not
only that the support afforded silver by your
legislation during the past twelve years has
helped to protect the Industrial world from an
acttue monetary crisis, but also that the de-
bates in congress have served more than all
else to educate our people to recognition OF the
important issues involved.
EFFECTs OF INCREASED COINAGE.
We believe also that the increased coinage of
silver contemplated by congress will restore
wholly or considerably your coinage rates, and
Will thus make an international settlement of
this complicated question comparatively easy.
We anticipate further with much confidence
that the advance in the price of silver which
must follow your action will both stimulate the
export trade of your country and, while tend
ing to the prosperity Of your agricultural
classes, will also assist the manufacturing in
dustries of the United Kingdom and the whole
body of OUT wage-earners