The record-union., 1891-01-16
Provisions Of the Senate Free
Coinage Bill.
SILVER ADVOCATES CONFIDENT OF
TT BECOMING A Law.
An Important Letter Concerning the
Frauds Practiced at the Mare Island
Navy Yard-Bil Introduced to Pro-
vide for Settlement of the In
debtedness of the Pacific Railroads.
Special to the REcoRp-UNIoN.

special 10 the RECORD-UNION.
WASHINGTON, Jan. 15.-The free coin
age bill, which was passed by the Senate
last night, is substantially as follows:
An Act to provide for the free coinage
of gold and silver bullion and other pur-
poses. That from and after the date of
passage of this Act the unit of value in
the United States shall be 81, and the
same may be coined of 4l2I grains of
standard silver, or % $40 grains of stand
ard gold; and said coins shall be legal
tender for all debts, public and private;
that hereafter any owner of silver or gold
bullion may deposit the same at any mint
in the United States, TO be formed into
standard dollars for his benefit, and with
use any deposit of less value than 500,
or any bullion SO base as to be unsuitable
Tor operations of the mint.
Section2. The provision of Section 3
OF AN Act to authorize the coinage of the
standard silver dollar, and to restore its
legal tender character" which became a
law on February 2S, 1878, is hereby made
applicable to the coinage in this Act pro-
vided for.
y Section g. That the certificates pro-
vided for in the second section of this Act
shall be of denominations of not less than
one nor more than one hundred dollars,
and such certificates shall be redeemable
in coin of standard value. A sufficient
sum to carry out the provisions OF this
Act is hereby appropriated out of any
money in the treasury not otherwise ap-
propriated. So much of the Act of July
IA, 1890, entitled IAN Act directing the
purchase of silver bullion and the issue
of treasury notes, and for other pur-
poses," as requires the purchase of 4,500,
600 ounces of silver bullion per month be
and the same is hereby repealed.
Section 4. The certificates provided for
in this Act, and all silver and gold certifi-
Gates already issued, shall be receivable
for all taxes and dues to the United States
of every description, and shah be legal
tender for the payment of all debts,
public and private.
Section 3. The owners of bullion depos-
tied for coinage shall have the option to
receive coin or its equivalent in certifi-
Gates provided for in this Act, and such
bullion shall be subsequently coined.
THE BILL IN THE HOUSE.
WASHINGTON, Jan. 15.-The silver bill,
under the rules of the House, was re-
1erred to the Committee on Coinage,
Weights and Measures, of which Wick
ham of Ohio is Chairman. The silver
men in the House have been actively en-
gagged III missionary work in the interest
of free coinage. They are sanguine OF
ul,(nate success, and are certain the bill
cannot be kept indefinitely in the COM
mittee, and that within reasonable time
the Coinage Committee will order q re-
port made, notwithstanding all efforts to
prevent the bill having an opportunity
for consideration.
Bartine of Nevada, one of the out
spoken Republicans for free coinage on
the committee, said to-day that he was
confident of getting the silver bill back
to the House, He thought the sentiment
toward silver had grown much more
favorable than it was last session, and
that good many Republicans were not
sinclined to underrate the influence silver
had on the recent elections.
The Star says: From the general tenor
of conversation among the silver major
ity, it was apparent that they regarded
their victory as merely due to the force OF
the irresistible popular demand which
they believe will make itself felt in SINH
lar manner in the House, and ultimately
in the Executive Mansion. The more
cautious and conservative friends of sill
Yer are inclined to think that the actor
of yesterday will prove to- have been {
fortunate thing for the country. 1t may
serve to satisfy the strong craving of the
West and South for financial relief, anC
thus prevent recourse to the more eX
treme measures in the way of the Sub
Treasury schemes, or fiat money, which
are meditated seriously by the Farmers
Alliance and rural political agitators il
the interior of the country.
The defeated party takes the matter
calmly, but rather gloomily.