New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-24
4GREEING on 4 SILTER BILL.
rrxr OF THE MEASURE APPROVED By THE RE-
prn1IcAxs OF THE HOUSE AND SENATE.

n
,rnrrc,xs OF THE HOUSE AND SENATE
u,osh,rcton April 23.-The Republican Caucus Com
,.. % tho IIouse and senate have agreed upon the
hasis for the preparation of silver BILL The agree
ment i, in harmony xlth inc measure aoop'eu ny INC
roo,s c,ucus Committee with one Important amend
mcnt The following is the full text OF the Dill as
agreed upon oc. l., ..., .,o.o,
- , nrcbase from time to time silver bullion to the
aggregate amount OF 4oooVoo nn thc W cv sv'
III cio~ e. Tor III 351O0 grains Of pune silver; and
r. ssiIe. In payment for such purchases OF SILVER
nnred nv The Sc, rotary Of the Treasury, in such
nri and ~ such denominations, not less than al nor
more 70 carry into effect the provisions OF this
is hereby agpropra'eaS o Dp Ia d' money III ''
Sec mat tn, Tr asuly notes issued in accord
ancc with the provisions Of This act sh. lie redeema'le
en- demand in lawful money OF inc antcd el,cs. AZ
rho Treasury Of the United states or at The oihce OF
any Assistant Treasurer Of the Inilcd o"te'. anu
,ricn so redeemed nay be rt-sau a. Dul 10 EreatHr
""I III ao,nt Of surh notes shall be ont standing
v lime Than the cost Of the silver bullion then hell
,n tbc Treasury purchased by such noes; and such
~ notrs Shall be receivable for customs. taxes
and All public dues. and whrh 50 'e'cNcu may br
rcs,ucd and such notot "Nc naI ~ oo,, ~ i'
handing Associations may BE- Countcd as piIt OF Us
lawful reserve provided that, upon me demand OF ne
,iinr ~, any ~ the Treasury notes herein provided
f. tbe SECRETARY of the Treasury may IN his di.cro
tion and under such regulations a' he may Prcscrp'.
exchange for such notes an o az tb % market prce
thereof on day Of exchange, TO the amount OF SUCH
noe ecc 2 That the secretary Of the Treasury shall
coin such portion the silver bullion purchased unues
The provisions of this get may be necessary 70 pro
viic for The redemption OF the treasury notes herein
pro ded for and any gain or sciehoiase ailsins Iv
such coinage shall accounted for and paid into the
Sec J. That the silver bullion purchased under the
rr,visions Of this act shall be subject 10 the require
rcnts Of existing law and the regulations OF the MINI
.crvce governing the method, Of determining tn
amount OF pure Silver contained, and the amount OF
charges or deductions, if any, to be made
.. That 50 much OF ,e a', oi rSoruaiy no
Ia7s entitled An act 10 authorize the tOhd.c OF tho
standard silver dollar and 10 restore us rga tender
character" requires the monthly puwnt'e an
,rac Of the same into silver dOlar- % rot c,, IMAM
=. 900 900. nor more thsn T7""V'V"' "V't" VI 9i'
bullion, IS hereby repeated - A.. .,,. 49,
from and after It's passage
senator Teller oI the Sc1at" sub co nmlttcc, did not
acrec with his associate, in the conclusions they
reached but they were adopted by the full committee
Of thirteen without his single dissenting vote. spcak-
Ing Of the matter later, senator Teller said he had
announced his purpose not 20 support bill that gave
10 thr -c rctarv of the Treasury the option Of redeem
nr the .erncac in bullion. and he would not do 80.
lie would for himself he added, make an effort u
secure free silver coinage falling IN that, nc would
accept the next best thing he could get. Mhen inc
measure came up IN the senate Tor acuon ne SHOULD
move 10 make tie certificates legal tender
senator sherman regards the compromise in regard
To silver legislation. agreed t. by the Republican
10 night a. satisfactory. and the PROMISED legislation
AS safe lie believes that IL avoids All danger Of re
ducrg the currency 10 single stahdaT1. and that
silver standard and tics silver 10 gold bg band which
never can be broken. This Wow i, accepted by
GOOD many conservative men III" Governor Dngley. u
Maine and Others who had begun % fcIr that Con
-r..s In danger ot cutting lo1Se nom safe moor
ng, and sending the country to a silver basis