The Anaconda standard., 1890-04-24
A BASIS At LAST.
House and senate COMMITTEES. Reach A
Agreement on the silver Question.

Agreement nm the silver Questton.
WASHINGTON, April 23.-Republicans of
tho house and senate have agreed upon Q
basis for the preparation OF the silver
bill. The agreement 10 In harmony with
the measure adopted by the senate caucus
committee with an important amend
ment. The bill provides that the score
tary Of the treasury shall purchase
from time TO time silver bullion 10 ag-
gregate the amount Of 100000 ounces OF
pure silver In each month Mt the market
price thereof, not exceeding one dollar for
3l 75-1O0 grains OF pure silver, and issue
IN payment treasury notes OF the United
States, to he prepared by the secretary In
such form and in such denominations,
not less than 81 nor more than $1,000,
as he may ,prescribe, the treasury
notes issued TO be redecmable on demand,
In lawful money Of the United States at
the treasury or by any assistant treasurer.
and when so redeemed may be reissued,
but for no greater or less amount than
the cost Of the silver bullion then held In
the treasury purchased by such notes
ceivable for customs, taxes and all public
dues and when 20 received may he reis-
sued and such notes when held by any
national banking association as
par 1tof its lawful reserve; also
provided that upon the demand OF the
holder OF any treasury notes provided for
an amount Of silver bullion which is equal
In value AT the market price thereof, on
the day OF the exchange 10 the amount OF
such notes.
The secretary OF the treasury shall coin
such portion Of the silver bullion pur-
chased under the provisions of the act as
may he necessary to provide for the re-
fls.sn r,t nj at tho ran rsrnvlfIOl
for, and any gain or seignioragc arising
from such coinage is To be accounted for
and paid into the treasury. Silver bullion
purchased under the provisions OF the act
Is TO be subject to the requirements of the
existing law and regulations
the methods Of determining the
amount of pure silver contained aud the
amount OF charges or deduction. IL any,
10 be made.
SO much Of act February ~, 1878 entitled
an "act to authorize the coinage
and restore lbs legal tender char
acter" as requires monthly purchase and
coinage of same intosilver dollars not less
than &2,O00,OO nor more than A,000,0O0
worth OF silver bullion, are hereby re-
pealed, this act tn take effect thirty days
from and after thu passage.
senator Teller Of the senatcsssub-com-
make an effort To secure free silver COIN
age; failing i'm that, he would accept the
next best thing he could get. When the
mcasArc came up i'm the senate he would
move To make the certificates legal ten
der.
At the republican caucus tonight the
silver bill given elsewhere In these
dispatches, was adopted, but with n few
dissenting votes. The objection of the
members opposing the bill were because
of its failure to give full legal tender
qualify 10 tia trcAsury notes specified. In
addition 10 the provisions Of the bill
already stated it is provided that none,
now held in the treasury to redeem ma
,ional hank circulation, etc., Is to he con
vertcd into treasury fund, estimated Il
amount to about Ns,UO,UO, which will bs
restored To circulation. The committee oi
rules will report "a resolution requiring the
| consideration Of the bill by the hous'
| at the earliest possible moment with stric
| limitation of debate. The caucus en-
,lorsc the Morrill, service pension bill
Lodge explained his election bill, b,I
| Chairman Rowsll OF the elections com
mittee did not think il necessary To pas
such a law and submitted "a plan for
wide extension of the present supervisor
system. The matter will come up agai
next Tuesday night.