The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-07-13
SILVER s DAY
The House Has Adopted
The Full
CONFERENCE REPORT
On the Silver Bill by a Vote of
122 to 80.
THE PRESIDENT WILL SIGN II
Promptly without Doubt-Text of the Measure
in Full = The Yeas and Nays
in Detail.
CONFERENCE REPORT
On the Silver Bill by a Vote of
122 to 80.
THE PRESIDENT WILL SIGN 1T
Promptly Without Doubt-Text of the Measure
in Full = The Yeas and Nays
in Detail.

WASHINGTON, July Especial telegram
to THE HERALD. The House adopted the
conference report on the silver bill to day
by a vote of 122 to 80. The bill will no
doubt be promptly signed by the Presi-
dent The silver men are apparently well
satisfied with the result Mr.. Bartine, of
Nevada, said today that the discussion of
the past month had greatly increased the
sentiment i'll favor OF free coinage and that
this consummation would undoubtedly fol-
low before the close of the Harrison ad
ministration.
The text of the bill is as follows:
''Section THAT the secretary of the |
treasury is hereby directed to purchase
from time to time silver bullion to the az
gregate amount of 4,5O0,000 ounces, or SO
much thereof as may be offered, in each
month, at the market price thereof, not
exceeding 81 for 81 % grains of pure sill
yer, and to issue in payment for such pur-
chases OF silver bullion treasury notes of
the United States to be prepared by the
secretary of the treasury, in such form
and of such. denomination, not less than
81 nor more than 81 900, as ne may pre-
scribe, and SUM sufficient to carry into
effect the provisions of this act is hereby
appropriated out of any money in the
treasury not otherwise appropriated.
''Sec. 2-That the treasury notes issued
in accordance with the provisions of this
act shall be redeemable on demand in coin
at the treasury of the United States, or at
the office of any assistant treasurer of the
United States, and when so redeemed may
be reissued, but no greater or less amount
of such notes shall be outstanding at any
time than the cost of the silver bullion and
the standard silver dollars coined there
from then held in the treasury purchased
by such notes; and such treasury notes
shall be legal tender in payment of all
debts, public or private, except when other
wise expressly stipulated in the contract,
and shall be receivable for customs,
taxes and all public dues, and when so re
ceived may be reissued; and such notes
when held by any national banking associa-
tion may be counted as part of its lawful
reserve. That upon demand of the holder
of any of the treasury notes herein pro-
vided for the secretary of the treasury
shall, under such regulations as he may
prescribe, redeem such notes in gold or sill
yer coin, at his discretion, it being the es-
tablished policy of the United States t.
1 MAINTAIN the two metals on parity with
each other upon the present legal ratio, OF
such ratio as may be provided by law.
! "Sec. 3-That the secretary of the
( treasury shall each month coin 2,000,0 COZ
: ounces of the silver bullion purchased
under the provisions of this act into stand
> ard silver dollars until the 1st day of July
/ 1891, and after that time he shall coin of tn,
r silver bullion purchased under the provi
e sions of this act as much as may be necessar,
!. to provide for the redemption of the treasur,
n notes herein provided for, and any gail
e or seigniorsge arising from such coinag
t shall be accounted for and paid into tn
u treasury.
!, =. "Sec. THAT the silver bullion pun
e chased under the provisions of this &C
S shall be subject TO the requirements of ea
d isting law and regulations of, the min
i service governing the methods of determir
q ing the amount of pure silver containe
If and the amount of charges or deductions,
any, to be made,
s'Sec. 5-That so much ofuthe act of Eel
ruary IS, 1875 entitled AN act to author
j ize the coinage of the standard silver do
w lar and to restore its legal-tender charaC
d ter, as requires the monthly purchase an
t coinage of the same into silver dollars
s. not less than S2,0Oo,OOO nor more tina
IN "a. OO0,0O worth of silver, is hereby r
X pealed.
VI ''Sec. 6-That upon tho passage of tn
W W act the balances standing with the trea
ST urer of the United States to the respe
tive credits of national banks for deposi
to made to redeem the circulating notes
i. ~ such banks, and all deposits thereafter +
er ceved for like purpose shall be covert
in into the treasury as miscellaneous receiI
an and the treasurer of the United Stat
ne shall redeem from the general cash in Il
he treasury the circulating notes of said ban
as which may come into his possession su
iect to redemption; and upon the cert
cate of the controller of the currency tn
such notes have been received by hi
he and that they have been destroye
fic and that no new notes will
D., issued in their place, reimburseme
he of their amount shall be made
of the treasurer, under such regulations
ob the secretary of the treasury may pl
tai scribe. from an appropriation hereby CT
me ated, to be known as national bank note
u u redemption account but the provisions
be- this act shall not apply to the deposits
rer ceived under section 3 of the act of Ju
'rs 20, 1874, requiring every national bank
10y keep in lawful money with the treasurer
1T the United States sum equal to I
ere centum of its circulation, to be held a
les used for the redemption of its circulate
die notes; and the balance remaining of I
,ae deposits so covered shall, at the close
he each month, be reported on the montl
The public debt statement as debt OF the Unit
not States bearing no interest.
"Sec THAT this act shall take eff
thirty days from and after its passage.
CIV The Debate In the House.