Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1890-06-22
sILyEa. IN THE SENATE.
AEree Coinage s1ea.are Aaop,sd

~ pleasure Adopted.
The consideration OF the Hons,
Silver Bill was taken up IN the Senate
on Tuesdny. Tho amendment re-
ported by tho Finance Committee.
striking out tho provision that tho
Treasury notes issued for sil.er shall
DO n legal tender in payment OF ell
debts both public and private. was
rejected by n vote OF 80 to IA. The
amendment striking out the bullion
redemption clause was agreed to.
yeas 81, nays 4. The amenamont
striking out the provision for the FREQ
coinage of silver when tho market
price of silver shall be 81 for 37lid
grains Of pure silver was rejeo.oi;
Yeas 10, nays 40. Tho amcndmcnt
fixing tho li,nitation of tho Act to ten
years was ulso rejected by "a vote OF 81
to 1.
On motion OF Plumb the following
substitute for the first section OF the
House bill was adopted, yoas 43, nays
Il: "That from and after the da.e of
tho passage of this Act, tho unit of
value in tho United States shnll +,
the dollar, and the snme may be coin.
cd of 4l21G grains of standard silve
or D $40 grains of standard col
and said coins shall be legal tonder
for all debts, both public and private;
that thereafter any owner OF silver or
gold bullion may deposit tho same at
any Mint of tho United States to DO
formed into standard dollars or bars
for his benefit, and without charge;
but it shall be lawful to refuse any
deposit OF less value than s1oo."
On motion OF Plumb section three
of the Act of 1878 authorizing tho
coinage OF the standard silver dollar
nnd restricting its legal tender char
acter was adopted as a now section TO
como in us section two.
Reagan offered the following amend
ment as n substitute for section three,
four and five: Section three. "That
tho certificates proyided for in this
Act shall be or the denominations OF
not less than ono, nor more than ono
hundred dollars, and such certificates
shall be redeomable in coin OF stand
ard value. Tho provision in section
n OF tho Act OF February %, 1875,
which requires tho Secretary OF tie
Treasury to purchase at the market
price MT less than two nor moro than
four million dollars worth Of silver
bullion per month, is hereby repealed"
After n long discussion it was moli-
fled ut the suggestion of Eustis by
adding tho words: "And all silver
certificates already issued" and as SO
modified it was agreed to, yeas 81,
nays %. Plumb moved to insert tho
following rs an additional section:
Owners of bullion deposited for coin
ago shall have tho option to receive
coin or its equivalent in certificates
provided for in this Act and sucn
bullion shall DO coined" Agreed to
without division. The bill was then
reported to tho Senate, and all amend
ments nSreod to in the Committee OF
tho Whole were agreed TO in the Sen
ate. Tho bill rs amended then passed,
yeas IL, nays %.
This action Of the Senate is a sic nal
victory for silver, though it will still
have to run the gauntlet of tho House
Of Representatives before being lie.
sented to the President for his sign. :
ture. What action the House will
take, and what the President will do
in case the House agrees to the BIZ
as passed by tho Senate, remainD to
DO seen, and tho whole country will
anxiously await the result.