New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-08
THE PENDING SILVER BILL.
HOUSE AND SENATE COMMITTEES At ODDS.
WHAT TIL FINANCE COMMITTEE PROPOSES
HOUSE AMENDMENTS or THE WINDOW BILL
SYNOPSIS r BOTH Bills A
ICY TELEGRAPH TO TIE Tn.nrSE.I
- SYNOPSIS -

Committee on Coinage. weights aad Measures expects
10 bring ny for debate and action IN the House next
week the silver iull.on Certificate bill when was
favorably reported with several amendments On
March % There is some difference of opinion among
Ecuuliran, in regard to the measure some OF Them
being inclined to prefer the bill fa'ora3y reported to
the senate ly The Finance Committee rs substitute
for The WINDOW bill. and commonly known - Inc
Jones bill Me-srs. Bland and Williams OF the MI
uority II the House Committee on COINAGE arc
strongly opposed to beth bills. and VIII o"c' ae I"
sulsti ntc Cor the amended Window blli one piO'i"hB
for unlimited coinage Of silver Thrir views are
shared BY a large number Of Democratic Representa-
,.os from, Tho s,uth and West and the debate, which
will be lively NAV become triangular one Inc
pro.pcct however is that the House VIII sustain is
committee.
The House bill as reported. differs in three rc'pccts
from the bill drafted by secretary "'h1""' d. ,"'
scouen,Iv modified 10y him. when hc appeared before
fine committee 10 discuss it, February ~. INC
n..t and most important difference i ca">e OS INV
elimination 81 Section Of the original nA WHICH
an, horned the SECRETARY Of the Treasury WIN INC
approval Of the President to suspend temporarily N"
receipt Of silver bullion whenever he should be aau'
fled that spectators had succeeded ID hN'hS III ''o
trarv nominal ~ ncthiou>7 price thereon.
In Ms statement before the senate committee ser
t,r. Window fully answered the objections TO tla;
section hv showing That under cAl~iin- Ia" '''
Secretary Of the Treasury possesses inc power 10 ~"
M the price II silver put /; down an" '"''' " ~
dspo,cd he might use That power iof SP'cna'\' pa"
nose. whereas under the proposed section he ""n'
have oniv the povcr-vhl'h cpild not De u.'' '-''l
with tie a,ur,,sl 81 the President % the In"d states
10 project the Government w stopping the 'N'rl'''">
~ .rcculatore I'm silver bullion WHO m'Ht SiNc '"'
market pni MP she price and thch dump iof ho'"-'
~, t,,. u,ar,.a. N fictitious price. W.. Nihuoh 80
rr, 81 the opinion that a nanrhi N-n'' Oh l'' '''
II II shall ieconc law. will hc 10 ahvanc" the pre-"
-, sfvcr million. ~hcransc the people viii believe
I. ,,o i.o.,...u hv the Government ~ the entire
,ro.,uef III thi, country ~ is mines and shelters WI"
consume The surplus and leave -''ni market IN INC
resi- Of the world and believing that an Investment III
silver viii De profitable. they VIII compete for ana
advance the price.
Mr. Window al-1 sad:
l., it TIA, &, was important to ra'an ,h.- section
and | .;m think u would ne Imperative e. i'ian IT, "
&C., ,,. ,,tiu. all the silver offered n,'.ad Il limiting
. ., ,,, ,-...,t II this country. -Ao.l ho -"'lj 70
ha,. l., administer this bl II % opened G. IL" treasury
ho i.. tfo!..t - tie world. without come sf'" pro-
v,so m II a. ;l. The bin. however. a. Vr"iaf" limits
L. ., ,i,. tsoiu.t. - t. .olntfy. AID while ''''''
A. l.,,r o. r,4.n &c. 90 no: believe - = IS es.n'ai
. r., .,c .t., .,.r >s- 60 believe that undcs THIS
,. ~. s.,'sfy vo.il ey'r be- comp He'd 10 suspend
s , -aon ~ t'e nr rs deterrent eject upon si'cn'
a,i.n IT, ln ny J9!rment. - sr'Ai N""'' ~
va. fla r,i-.O.e 20 Us preventive eN'f, IA'"''
than any expectation ua' }, "oAH nave '' 3" "'' '''
:. was in-sltl Tho hli.
Tie committee. however decided TO stsihe ont the
section.
Tie second variation from the window BIZ IS the
provi.o added To- section D. which masses IL A"i'i
for Tire o"n'r - any silver hh'"'"' inc "'P'" ~
which for notc, f. hc9oia provided for 4 the mHFAet
,rcc thereof De Il for ~, grains u pure 'H''f ~
have TIE same coined for his benefit. A. p.o'Hcu ia
tc act %! January /, 1854.
Another modification II The hill Us IL" committee
wa. 70 insert provision which II deemed Necessary
f., ,..y.,t any aul-i..ty rat nothing I'm no" at
,.ii lac ,o,.t~.t +, AFFECT thc legal tcaGcr qralty
II the standard silver dollar.
.vr.,.i, ~ TIC Hon.c and s,uai- Ills re
.,,o,.,,.i, Viii eoaf. reader. t. compare the pro
vision, II The t,.o ncasulls and note t.. points Il
difference
-..lou of fhc former rsoy.d That any owner -
.ver lulon the product OF domestic mines 81 81 orc,
.clted or rsaf~d 80 tae rni1d .iat., may deposit tho
same 80 aaT ta..s, u.ut CO., assay off,. dee -.It'i
rs the secretary o. f. Treasury tni receive ii.r ior
1r,i.. notes equal 90 tie G.t. of deposit to tho net
,l.. If such bullion a.. t.e market p..rc which j. 80
fl. f.rI.e