Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1890-07-10
SILVER SETTLED.
The Conference Committee Ar
rives at an Agreement.
FOUR MILLION AND 4 HALF OUNCES.
AIse Fun Legal Tender Of Silver certih-
Gates Discretionary Powers Left
with the Administration
BIRnd's Dislike.

WASHINGTON, July a-The silver ad'
Vocates forced the issue in the Senate
yesterday by refusing to take up the
Tariff bill and this caused the conferees
on the Silver bill to come to speedy
agreement on the bill that had been in
their hands for nearly two weeks
The Republican members Of the Sen
ate Finance Committee were almost tc
. man exceedingly anxious to go ahead
with the tariff discussion, but enough
Of the silver advocates among the Re-
publicans voted with the Democrats Tor
D postponement the intention being to
settle the silver question il possible be-
fore the tariff discussion commences as
we'll as to pass the River and Harbor
bill and TO get out Of the way also the
remaining appropriation bills. 1t may,
therefore. be ten days or more before
the Tariff bill Is taken up
Mr.. Bland is not satisfied with the
agreement reached in conference on the
silver question, and he and Senator
harris would not sign the report Mr..
Bland said that he would oppose its
adoption In the House. He claims that
the discretionary power to be given the
President and Secretary of the Treas
ury to redeem the certificates in either
gold or silver means that silver is to be
Disseminated against. He does not pre-
tend TO say in advance what action the
House will take, but he fears the friends
Of silver will not be strong enough in
that body to prevent the adoption OF
the gold bug policy-this owing to the
strong desire of Reed and others to
stand By the Administration plan. Mr..
Bland looks to the Senate for correc-
ton rather than to the House.
The agreement on the point of differ
ence which was hardly expected to be
reached so soon was brought about in
this way: After the first Intellectual
conference last Thursday, the Repub-
lican members decided that an agree
ment could be more speedily and salts
tactorily reached by a party consulta-
ton rather than in a conference open to
both political parties Accordingly Sen
stors Sherman and Jones and Represent
atives Conger and Walker entered upon
the task of drafting compromise meas
ure. They progressed so rapidly in this
that the conference substitute was COM
pleted in all essential points save one
and sent to the printer yesterday. The
one point left open related to the amount
ofsilver bullion to be purchased. Messrs
Sherman, Conger and Walker thought
that 4, 600, 600 ounces monthly would be
compromise, but Senator Jones de-
clared for 4,5OO, 900 ounces Such was
the state of affairs when over
lures were again made to Senator
Jones to accept 1880 OOG ounces. The
Western Senators were in receipt of tele-
grams urging them to hold out for the full
amount of $500, 900 ounces and to in
sist upon a speedy disposition of the
bill. So the overtures were rejected
Snd when the proposition was made to
take up the Tariff bill the silver men
msnifested their power TO check the
6ow Of party legislation unless their de-
mends were met. Soon after the Repub-
loan members Of the Conference Com
mittee were again called together; the
words 1--we hundred thousand" were
added to the {, 900, 600 ounces contained
In the printed conference substitute
and the agreement was completed.
Senator Sherman spent few minutes
In drafting the formal report to the
Senate and then notified the Demo-
cratic members-Senator Harris and
Representative Bland, who happened to
be In the Senate chamber-that another
was to be had. This time
L.
sion about half an hour. The agree
nent was formally ratified, although
the Democratic members refused to sign
the report
The substitute provides that the Sec
retary OF the Treasury shall purchase
from time to time silver bullion to the
aggregate amount of 4, 500, 600 ounces, or
30 much thereof as may be offered, in
each month, at the market price there
Of, not exceeding 81 for 81. 25 grains Of
pure silver. The treasury notes is
sued in payment for the bullion
shall be redeemable in coin and q
legal tender in payment of all debts
public and private, except where
otherwise expressly stipulated in the
contract, and shall be receivable for
customs taxes and all public dues. Up
on demand of the holder of the treasury
notes the Secretary of the Treasury
shall under such regulations as he may
prescribe redeem such notes in gold or
silver coin at his discretion, it being
the established policy of the United
States to maintain the two metals on
, parity with each other upon the pres
snt legal ratio or such ratio as may be
provided by law. The Secretary Of the
Treasury shall each month coin 2, ,000,.
BOO ounces of the silver bullion purchased
and under the provisions of fhe act into
silver dollars until July l, 1891, and
after that he shall coin Of the silver
bullion purchased under the provisions
Of the act as much as may be necessary
10 provide for the redemption of the |
notes The present law is re-
peAled- The last section provides for |
coviAg into the treasury the fund held |
for the redemption Of the National bank |
KANSAS PROHIBITIONIsTS.