The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-06-06

one intended to prevent the representatives o
the people from carrying out the Will OF tn
Mr. Mckinley said that tho resolution wat
| intended to give the House an opportunity L
pass some silver legislation. and give the coun
suonse to tho general sentiment OF the coun
try. 1t was to give the House an opportunity
bnion Of The Sp United states aud utlso Il fol
monetary PURPOSES IL Was TO give to the , peg
nle not s2.OOO9OO month but ti;590Q Hoio IL II
free silver thoy could move to recommit with
Instructions 70 the committee to report back .
will OF the majority by tho minority. Why. one
| man at the White House had silenced the ma
i grosses. snalo man elected TO execute the
laws and not to make them, had commanded
the majority to be silent and 1t TSs silent
Mr. Biount changed his vote to the afllrma-
tive, and moved a reconsideration. MIR. Nc,
kinIey m 10y to lTy this on tho table Agreed
The bill having boon read. Mr.. Conger Of
| Iowa offered the caucus bill rs substitute IL
| lie Ms follows:
N enacted SC, That the Secretary OF the Treasury
hsroIy directed to purchase from ts to tWS
nas silver n ss %S =" ss q psr. PIiSs 3
e. fS % 20 g.
denominStons not less than 81 nor more than sIloo
s. Phs Sii5iSS "i RssSy
out Of money In the Treasury not otherwise appro
sECTIoy That the Treasury notes ts'ued in accord
sTe demand n coin at me treasury Of the U.i,sd
Intod States and when so fsd.emod may be reissued
but no greater or lees amount OF such notes shall 90
IL The , s Sh ps;
StS:fylso e.prsssly stipulated d INC sGn!5acs Snd
dues and when received may Is Tsissod: and snSn
HyH b. . eon as ~
irvded That upon demand q n hSder o. any OF
an % he Of 'er EsfESr t be- Ta
n value the market prize thereof on the day Of eE
q ,ss If me sa 'G1 e
Tor The redemption Of tho Treasury notes herein pro
coinage shall be accountcd Tor and paid into tho Treas
pp :. % d. @
ssrSicc EovsfninE ths methods Of DETERMINING o.:
s smGSes or G' dtdaetions il any to Te ae
nc 3 Tthat so much OF ne act Of FEB ~ is7S en-
silver dollar and TO resere its legal tender eharaeter
as sam. nts SILVER i've doars than %o
dollars nor more than four million dollars worth of
%snsys, sIEss I5e ., Of e., silver
ia%t" "p tOr the h owner .!st
coined int s,andaTd ty'r dollars for his benefit a"
Nc l. That upon passage OF this act tho balances
standing with the Treasurer Gf the United states to tho
70 redeem the circulating noes OF such banks and
a. Hs n.o G s a
receipt and The Treasurer Of the United states shat
castims notes Of SAID hanks which may come into his
cate Of The suS tS@piTosr y the GafrshSy s sah
notes have been received by him and ,hHt they have
ther place Of their .m2nnt shan he
Secretary Of the treasury may prescribe from APP
b bn N. as a.
me, no" apply 70 The iepo., rsSSysd nnssr
n.o"a BAN S to Keep in lawful money With tho rea
Of the 1s +. and m sq or 70 S sT
Of It's circulating notes: an! the balance rsmaininS or
dS Ss or 'n pSS
nstt as debt q the United states bearing Interest
and after its passage.
Mr.. McComas rep. Md moved to amend
the nGsdIhs The by IL eStn h
be suspended while it is being 30 deposited for
coinage. ,u,
20 the original bill providing that II the net
amount OF silver bullion received shall be less
IN "y 0n9 I'm
purchase sufficient amount to supply the de-
Mr 3}';Donnell rep, Mich.) moved to amend
he amendment by striking out s2,00O,000 and
Inserting S3,OU0000
This exhausted all the amendments. which
,Ir BlanI was on his feet demanding rocogni-
ion he was ignored by the Speaker.
vas not entirely satisfactory to himself. He
,est. But this was the bill which the majority
tatus and make a long stride In the direction
he Government ought to go. 1t would add
"a ,OOO.OOO treasury notes to our circulation.
very year because the Secretary must pay
or bullion with these notes and nothing else.
lie believed In silver and believed the country
houd have free e,S coinage at fixed ratio ct
cached under conditions that were safe and
ornament Under the present attitude of
nations toward fNE silver It was
ttempt 1t alone. Free coinage here meant
hat this Governmcnt al9ne would undertake
bird and keep 1t there. In his judgment this
ould not be done without serious disturb
nee TO all values and at the risk OF financial
Mr.. Williams REP. ILL., spoke in favor Of the
zee coinage Of silver. and he contended that
old did not have fixed value. Its nominal
ince 1879. tho year before silver was de-
nonetized, gold had increased III value when
ompared. not only IN silver but with wheat,
liver had fallen when compared with gold. 1t
lad not fallen when compared with other com
Ndities He criticised tn ths leatuss OF the
ued in favor OF placing the two metals on q
'erlty.
you'd be to demonetize silver Its effect was
Q spbstitut to IA coinage law that ould take In
ii the product OF the silver mines OF the coun-
ry for n coinage law that took up only $4,000
% a month.
Mr.. Lanham Dem. Texas opposed the bill
I rehabltating The silver dollar in all its
ncient 81 ate and dignity, There was Q n0oos-
ity for an expansion OF the currency.
NTH tomorrow at II o'clock. A Republican
aucus was announced for tonight at o'clock. |