The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-06-06


ord Il was proposed 20 gag every demo
crat In the house aqlk many republicans,
Every gentleman who voted for this reso-
luton voted against free silver.
Cannon said the solution ives simply n
proposition that under the rules OF the
house the house should proceed at once
to consider q bill OF great interest to the
country. The minority could offer every
amendment to the bill that they could un-
der the general rules. The minority which
was now In for free coinage had held the
house i'm the 49th and 50th congresses, but
passed no bill for free coinage. They
could not now fool the country or even
fool themselves.
Springer of Illinois said the demo-
cratic house passed a free coinage bill
and the senate limited II, the house was
obliged to accept the Limitation. IL had
been vetoed by Hayes and passed over
his veto. He wanted To call the attention
of the house to the fact that no amend
ment was TO be offered 10 the bill except
as suggested by the chairman OF the COM
mittee. He denounced this action as one
calculated TO prevent the representatives
| of the people from carrying out their
will.
williams of Illinois said the resolution
was intended To prevent the majority
from legislating. He appealed To the
members OH the other side who favored
free coinage to stand by the interests OF
their people.
Mckinley said the resolution was in
tended to give the house an opportunity
to pass some silver legislation and To give
the country silver bill which would be
| i'm perfect response to the general senti-
ment of the country and to give
the house an opportunity to pass
| bill which would take all the silver
bullion i'm the United States, and utilize il
| for monetary purposes. II was to give the
| people not y, 100000 a month, but ~, 50O-
Sl,<. s1n
wanted to vote on a free silver bill they
| could move to recommit, with instruc-
| tons to the committee TO report back a
| free coinage clause. The gentlemen on
| the other side could not have been very
| anxious for free coinage, when, for four
years they never even brought in bill
| from their committee. Talk about throt-
tling the will of the majority by the mi-
| nority, why one man at the White House
had silenced the majority in the Forty
ninth and Fiftieth Congresses. A single
man, elected to execute the laws and not
| to make them, commanded the majority
to be silent, and it was silent.
The resolution was then adopted. Yeas
| 120, nays III. The republicans who voted
in the negative were Anderson OF Kansas.
Bartine, Connell, DE Haven, Featherstone,
Funston, Kilemy, Morrow, Hermann,
Townsend of Colorado. The only demo-
crat who voted i'm the affirmative was
Blount Of Georgia, who changed his vote
to the affirmative and moved for recon-
| sideration.
Mckinley moved to la, this on the
Featherstone and yandever, who voted
with the democrats OH the first question,
| voted with the republicans on the motion
TO table. The bill having been read, Con-
| ger offered the caucus bill as a substitute.
| II is substantially as follows: That the
| secretary be directed to purchase from
| timo to time silver bullion to the amount
| of "a, 10000 worth of fine silver eoctl
| month at the market price not eNc1
one dollar for 81 25-lU0 grains Of pure ~
yer and TO issue i'm payment therefor
| treasury notes, To he prepared by the Sec
| retary of the treasury, and that a sum suf-
flcient TO carry into effect the provisions
of tie act is hereby appropriated
out of any money i'm the treasury not
otherwise appropriated. Section = pro-
vides that the treasury notes be redeem
able on demand in coin and when SO re-
deemed may be reissued, but no greater
orless amount of such notes shall be out.
standing at any time than the cost of the
silver bullion then held in the treasury
purchased by such notes. Such treasury
notes be legal tender payment for all
where otherwise expressly stipulated In
contract; and to be receivable for Gus
toms, taxes and all public dues and whcu
so received they may be reissued. Sucl
notes held by any national banking asso
citation may be counted as part OF its law
full reserve. Upon demand by any holder
Of such notes the secretary of the treasur,
| may at his discretion exchange for then
the amount OF silver bullion equal IL
value at the market price thereof on th,
day of exchange 10 the amount of stci
| notes presented.
Section three provides that the sccre
tary Of the treasury shall coin such por
! ton of bullion purchased as may be nee
essary TO provide for the redemption o
treasury notes provided for.
| Section four provides that silver bullor
, | purchased under this act shall be subjec
to the requirements of the existing laws
. and regulations of the mint service.
Section five provides that much O
the act of January u. 1873, as requires
, monthly purchase and coinage not les
. than two million nor more than foul
million dollars worth of silver bullion
, shall be repealed.
Section six provides that whenever tn
, | market price of silver is one dollar H.
/ 31l.25 grains Of pure silver. IL shall be Law
. full for the owner of any silver bullion
!. mint i'm the United States, to
coined into standard silver dollars fo
|. his benefit, as provided in the act G
January IL, 1887.
Section 1provides that upon the passaR
of this act the balances standing with iii
treasurer to the credit Of the nationi
banks for deposits 10 redeem the circ,
g lating notes and all deposits thcrcafts
received for a like purpose, shall i
n counted in the treasury miscellaneou
l. receipts and the treasurer shall redeci
!. from the general cash the circulatn
!, notes OF the bank which come into h
= possession subject To redemption. Upo
u a certificate from the comptroller of III
> currency such notes shall be destroye
and no new ones issued In their plac,
r reimbursement Of the amount To- be mao
= to the treasurer from the appropriate
hereby created to be known as "nation;
bank notes redemption account" 81
y this provision Is not TO apply TO Il
= deposits received under section
n act of June %, 1874, requiring nation;
J. banks 10 keep with the treasurer the su
h equal to per cent. OF its circulation to