Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-04-24
THE SILVER QUESTION.
At List an Agreement by the Republican
Committeemen-The Proposed Bill.

by telegraph 10 tho Dispatch.l
WASHINGTON, April 23-'rhe Republicans OK
the House and Senate have again agreed upon a
basis for tho preparation Of n silver bill The
agreement is in harmony with tho measure
adopted by tie Senate caucus committee, with
one important Amendment The following Is
the fun text OF the bill agreed upon;
That the Secretary % the Treasury is hereby
directed 20 purchase from imc 10 time silver
bullion 70 the aggregate amount Of i.50,O)J
ounces Of free silver In each month al TIE mar
ket price thereof, moi exceeding one collar Tor
81, aud 25.lO0 grains OF puro silver, and 10 issue
in payment for SUCH purchases OF silver and
cold bullion Treasury notes OF the United states,
10 be prepared hy the Secretary OF the treasury
IN such form and OF such denominations, not less
than 81 nor more than $1,000. as he may pre-
scribe: and a sum sufficient 10 carry into erect
tho provisions Of this act Is hereby appropriated
out Of any money in the Treasury not otherwise
Appropriated.
Section . That tho Treasury notes issued In
accordance with tho provisions OF this act shall
be redeemable ON demand in lawful money OF
the United States at the Treasury Of tho United
States or at the Office OF any Assistant irea-
surer Of the United states, ana When so re-
deemed may be relssued. But no greater or
less amount OF such notes shall be Outstanding
at any time than the cost OF the SILVER bullion
then held in the Treasury purchaser by such
notes, and such Treasury noies shall be receiVH-
he for custOms taKos, and all pubic duos, ana
when 30 received may DO reissuod, and such notes
when held by any national banking ASSOCIATION
may be counted Gs part OF its lawful reserve
provided hat upon demand of the holder OF any
treasury notes herein provided for the Score
fary Of the Treasury may, in his discretion, ana
under such regulations as he may prescribe e1-
change for such notes an amount OF silver Dui-
lion which shall be equal In value at the market
prices thereof on the day OF exchange TO the
amount Of such notes.
Section g. That tho Secretary Of The treasury
shall coin such portion Of the silver bullion puf-
81 Cfl mi ?
he necessary to provide for the redemption ~
the Treasury notes herein provided Tor, and any
gain or selgniorage arising from such coinage
Shall be accounted for and paid into tho lrea-
sury. , 4,
under the provisions Of this act shall be subject
10 the requirements Of the existing law ana mo
regulations Of the mint service governing mo
methods OF determining the amount OF pure Sill
yer contained and the amount u charges or ae-
duciiOus, # any, TO be made.
Section D. That 80 much Of the act OF February
ec, 1873, entitled ian act 10 authorize the coin
rye OF the standard silver dollar aud ~ restore
!ts legal-tender character IA requires tho
monthly purchase AMI coinage OF the sAlue INTO
silver dollars Of not less than tTo million dol
lars nor more than four million dollars worth
OF silver bullion IL hereby repealed.
Section 6. That this act shall take euect thlfly
days from and after its passage.
senator Teller, OF the Senate subcommittee,
did not agree with his associates IN the c0uciu-
sions thew reached, but they was adopted by tue
full committee Of thirteen. with his single dis
sentine vote Speaking Of the matter later,
Senator Teller said he mad announced his pur-
pose not TO support bill that gave TO the Secre-
iarv OF the Treasury tho option OF redeemlng
certificates IN bullion, and he would not DO so.
lie would for himself. he said, make an effort 10
secure free silver coinage; failing In that, he
would accept tho next best thing ne could ger.
Who tho measure came up In the senate Tor
action, be said, he would move 10 make the GER
uhcAtes legal tenders.