Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1890-04-26
CAUCUS COMMITTEES.

WASHINGTON, hprll S4'-1he heP"u
licans OF the House and Senate have
agreed upon the basis for the prepare
ton OF silver bill. The agreement is
in harmony with the measure adopted
by the Senate caucus committee with
ono important amendment The fol-
lowing is the full text OF the bill as
agreed upon:
Section /. That the Secretary OF the Treas
ury Is hereby directed to purchase from time
to time silver bullion to the aggregate
amount of $500. o. ounces Of pure SILVER In
each month, ut the MAKE price thereof
not exc eeding 81 for s1i.25 grains OF pure sill
yer, and to issue In payment Tor such pur-
chnses OF silver bullion Treasury notes oil the
United States, to he prepared by the sccre-
tary OF the Treasury in such form and OF
such denominations, not less than 81 nor
more than 81, 900, rs he may prescribe. Ana
sum suflcl, mt to carry into effect the pro-
visions OF this net Il hereby appropriated
out OF any money in the treasury not other
wise appropriated.
Sec. 2. That the treasury notes issued IN
accordance with the provisions OF tliis nct
shall be redcemablc ON demand IN lawful
money of the United States ut the TREASURY
Of the United States or ut the Office OF any
assistant treasurer of the United States, ana
when so redeemed may be rcissucd. but no =
greater or less amount of such notes snail
be outstanding mt any time than the cost OF
the silver bullion then held in the treasury
purchased by such notes; provided. that
upon the demand OF the holder of any treas
ury notes herenprovided for the secretary
OF the Treasury may, in his discretion ana
under such regulations as he may prescribe,
exchange for such notes an amount of silver
bullion which shall be equal in value ut the
market price thereof ON the day OF exchange
to the amount Of such notes.
Sec. 3. That the Secretary Of the Treasury
shalt coin such portion of the silver bullion
purchased under the provisions of this act
rs may he necessary to provide for rcdcmp-
ton of treasury notes herein provided Tor
and any gain or scigniorage arising from
such coinage shall be II; counted for and paid
into the treasury.
Sec. l. That the silver bullion purchased
under tho provisions Of this act shall be sub
ject to the requirements of existing law ana
the regulations of the mint service govern
ing the methods OF determining the amount
of pure silver contained and the amount OF
charges or deductions, II any, to he made.
zee ). That so much of the act of Febru-
airy 2s, 1873, entitled "An net to authorize the
coinage Of the standard silver dollar ana to
restore it's legal tender character" rs re-
quires the mon hly purchase and coinage OF
the same into silver dollars OF not less than
S2O0J,O0 or more that Si,0OOOO worth OF
silver bul ion, is hereby repealed.
Sec. g. That this act shall take effect thirty
days from and after its passage.
Senator Teller. of the Senate sub-com-
mittee, did not agree with his associates
in the conclusions they reached. but
they were adopted by the full commit
tee of thirteen, with his single dissent
ing vote.
Speaking of the matter later, Senator
Teller said he had announced his pur-
pose not to support bill that gave to
the Secretary of tho Treasury the option
Of redeeming the certificates in bullion,
and he would not do so. He would, for
himself, he said, make an effort 20 So
cure free silver coinage; failing in that,
he would accept the next best thing he
could get. When the measure came up
in the Senate for action, he said. he
would move to make the certificates le-
gal tender.
The caucus of Republican members OF
the House last night was more harmoni-
GUS than any of those that have taken
place recently. Mr.. Henderson. OF Illi-
nois, presided.
The silver question was brought up
by Mr.. Conger, of Iowa, who stated that
the subcommittee of the caucus COM
mittees of the Senate and House had
come to an agreement which had been
approved by the caucus committee oil
the House. The caucus committee, he
said, had prepared bill which covered
all the amendments agreed to. The bill
provided for the purchase of 4,5OO,O
ounces of silver bullion per month
and that the bullion certifi-
Gates should DO redeemable in law
full money of the United States by the
Secretary of the Treasury, but no
greater or lesser amount of notes shall
be outstanding at any time than the
cost of the silver bullion in the treas
ury; provided that the Secretary in his
discretion might exchange for silver
bullion notes an amount OF silver which
should be equal in value at market
price on the day of the exchange OF the
notes. The bill allows the Secretary to
purchase both foreign and domestic
bullion. 1t also repeats provisions Of
the present law which requires the COIN,
ago OF not less than S2,OOO,O 900 each
month. Section 5.222 Of the Revised
Statutes and section Of the National
Banking law in relation to money now
held in the treasury are incorporated In
the bill
After discussion Of an hour or so the
caucus committee bill was agreed to-
with only six dissenting votes.
The matter OF pensions was also taken
up and after a short discussion the caucus,
Endorsed the Morrill, Service Pension
bill. This bill grants a pension OF So
per month to soldiers who served ninety
DAYS in the war of the rebellion and
who have reached the age Of sixty-two
years