The semi-weekly tribune. [volume] (Great Falls, Mont.) 1890-1891, 1890-12-13
s3oo,00o,o00 IS the LIMIT OF COINAGE
Inc Bill Passed Authorizing the First
National Bank of Benton to
Remove to Great
Falls.
James w. Halfway, an Old-Time
MOntanian, Secures the Post
mastership of the
House.

WASHINGTON, Dec. IA bill was in
troduced in the senate today by Senator
Plumb relative to the national bank de.
posts and silver coinage. 1t provides in
brief as follows:
That compulsory requirement of de-
posits of United States bonds with the
treasury by national banks shall be lin
tied in amount to $1,000 fol each bank
This is not to apply to deposit bonds to
secure public money; that United States
mints shall be equal in amount to uation-
al bank notes retired since 1889 and here
after retired; that the present silver coin
age law shall be amended SO as to direct
the secretary of the treasury to purchase
all silver bullion offered at market price
not to exceed 81 for 371.25 grains of pure
silver and issue treasury notes in pay
ments. When the price is for
six months in excess of the above
figure, purchases are to be suspended and
coinage is to be free, bullion owners be-
ing privileged to receive standard dollars
or treasury notes, at his own option. No
more certificates are to be issued and
those in use are to be replaced with
notes. When the mints of
France, Belgium and Italy are opened to
free silver coinage at the ratio of 151S
ounces of silver to one ounce of gold,
and the president by proclamation shall
prohibit the further coinage of standard
dollars; receive deposits Of sill
YER bullion for coinage at the rate of
IL for $50 grains Of pure silver (coin or
treasury notes therefor to be issued with
in one year after proclamation)
Thenew dollar is to be full leagal tender
They are to be re-colned at the rate of
not less than two and half million
until $aO0,0OO,00O is coined,
when the coinage shall be continued at
The discretion Of the secretary. At the
discretion OF the secretary he may cause
standard silver bars to be paid in redemp.
ion of United States treasury notes at
me rateSof vi for 4OOggrains.
An amendment proposed by Plumb
which is the same in terms as the bill
above described) was offered In lieu of
Ill after. the enacting clause of the Pad
lock bill, now on the senate calendar, to
amend the statutes SO as to provide for
The organization of national banks with
less capital than $4,000.
Today the senate bill to authorize the
First National Bank of Fort Benton,
Mont, to change its location to the city
If Great Falls and its name to that of the
National Bank of Great
Falls, was reported from the finance COM
nittee and passed.
The senate bill introduced at the last
session to establish public farm in each
county within the limits of the republic
vas reported back adversely from the
committee on agriculture and was indefl-
,itely postponed
The farmers alliance sub-treasury bills,
which were at the last session referred to
;he committee on agriculture, were at the
request of that committee transferred to
he committee on finance, rs being more
within the Jurisdiction of the
latter committee,
Plumb introduced bill to reduce the
amount of United States bonds to be re-
luired of national banks and to replace
their surrendered notes, and to provide
for the free coinage Of silver. 1t was
referred to the committee on finance. He
also offered an amendment Tin the same
terms) to the bill now on the calendar, SO
the matter can be brought before the
senate Independently Of any report from
the financial committee. In doing
so he gave notice that, If the elections
bill were not disposed of at an early day
he should move to lay 1t aside for the
time being iu order that the bill just in
troduced by him and the other measures
relating to the financial condition OF the
country should be considered.
Gray offered resolution (Which was re-
ferred to the committee or finance for
the amendment of the tariff bill on the
subject of cables, cordage and twine.
Berry argued against the election bill,
as also did Daniel, and the senate soon ad-
journed.
The resolution offered by Gray today
for the amendment of the tariff bill on
the subject of cables, cordage and twine
is intended to correct typogiaph'ca' ef-
ror consisting of the misplacing OF the
tinai parenthesis by which the words
composed in whole or part OF 1stle OF
tampico fibre, MANILA, slsal grass OF
gum" we're included in parenthesls'
The effect of the error as asserted py
certain customs officers was that the uu'y
on all twines other than binding twlne
was fixed at IN cents per pound while
the intention was to limit this rate 10
flbres above specified. A similar Dill
was introduced in the house today
II is stated at the postoffice department
that mails sent from Mexico into the
United States have recently been pur-
dened with circulars of Mexican lotteries
enclosed in sealed envelopes, the corners
o. Which were clipped, and postage paid
'nereon At the rate Of one cent, which was
permissaoie under the Mexican postal
Avs Under the laws Of the United