Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-02-11
THE BLAND BILL
Ra Free Coinage Of SiIV:l
Reported ta.lhs Hause.
Casada's RQlsst for Reciprocity Viii
Nov b, Considered.
Secretary Blaine Commenced Hearing
With Commissioners Yesterday.

wAsHUeros, Feb. i0.-whsn the sliye
coinage eeinsgs Committee began proceed
iugs uH1er The order thst vofin z should BE-
gin g. 10 80, today 81 C md bill introduced
by Mr.. Bland sAs, BY unanimous consent
sub stiluted for The FIRST bill. This bill
blouse bill, No. 4426) was read BY rec
tons.
| The frss motion came from Taylor o
| liiiaois, who moved to strike out part o.
the first section siving bullion owners th'
right. on deposit Of bullion st the mints, t,
receive coin notes therefor 10 lieu Of hay
Jag it coiled fer them into doliars. Lost
8 to s.
| Williams Of Massachusetts moved Il
strike Gus the tso lines declaring tbs
''sfardaid god AUD silver coins CT ths
United S'a'as shall be legal tender 10 ps,
ment Of all deb.s, public and private"
| Ths vote on this motion showed clearly
the positian Of members, i've an,i-tree aut
| unlimited coiasge men, Tracy and william
| Of Massachusetts, Taylor Of Illinois, Stone
! Of Pennsylvanis ard Johnson Of North
Dakots, supporting il, the free coipsgs m 81
| vo'ing sgsiDit tie motion.
| Williams Of Massachusetts, moved to iE
cresse the number Of grains in q silveI
dollar, and accepted the amendment offered
| by Mr.. Trscs fixing the number Of grain,
| to dollsr at 53S l 8; iastead Of 4I2 al
at present This likewise was defeated.
stone of Peunsy ivsnis, brought fofwsrt
| the following new proposition: Provided
| whenever gold and silver coias Of NE ssGis
denomination shall cease to exchsr ge freely
At face value, or either metal shall fall b.
L., ,fs - eh D.,
| lished ratio OF value, then the mitts shsl
be c.oied to the cheaper me's', aud the
coinsge thereof be suspended until parity
| is again restored,
On . vote Johnson Of North Dskots, voted
with the free coinsse men but it was lost,
The American product scheme was tber
put to test by motion of Stones to add the
words, produced from mines located in
the United States" to the clause declaring z
holders Of gold or silver bullion be entitled
TO have the came coined free Of charge
Stone and johnson alone voted for IT,
There were IL negative votes. The tole
| amendment inside by the committee in IT,
bill 81 introduced by Bland, was unsimously
adopted. 1t was & proposition made by
Bar,ine to increase the maximuo dsnomins
ton of any coin pote issued nj der the pro
visions of that bill from 800 to $1,000
Williams of Massachusetts moved To
strike out section Of the bill, which pre-
vi1es for the Issue Of coin certificates and
the re,irs msnt Of gold end silver cerhf-
Gates ard treasury uotes, This motion wss
los. without division. A motion by Trscy
to strike Gus section 6. which provides for
q reduction Of the number Of grains in the
silver dollar to 400 whenever France shail
op-n her mipts TO free coinage at the ratio
Of l53 to i, wss lost.
= As a substitute for The whole bill Taylor
offered the international money conference
proposition, embodied in The fGli1w-
lag language Thas the policy OF the Uo;-
ed States was to use both gold ard silver
ss full legal tender money and maintain a.
sll lines psfity In vAiue Of sll lis coius Of
both metsls hereby fesffirmed
The President 10 authorized to invi'e
the governments of such countries IS he
may DEEM advisable to JUN the United
Sta e, in conference, to be held at g time
and place to be sgreed upon, such ccnfei-
snce 10 be called with s view to securing
permsnerce ia the relative value OF gold
aud silver Al a common coinage ratio to be
mutually sgreed upon through the inter
national agreements providing for An eI-
Isrsed m netary use Of silver and for Civ
ng to thai metal equal miotsge rights with
god,
As 3 substitu'e for this J1h1snn Of North
Dakota offered the following All the silver
dollars hereafter coined shall contain one
ounce troy each Of pure silver; the coinage
Of such dollars and receipt Of silver bullion
and issue OF silver certificates therefore By
.he treasurer Of the Of the United
States shall be upon the same terms. con-
t,olled By like laws xs those nsw relating
to geld coins, bullion and certificates.
Section 2-Sueh silver dollars shall be,
ard subsidiary silver coins siresiy coined
shall remain legal tender. the same ~ like
coius 60 cained have been heretofore.
Both propositions were defeated to ),
a. d .hep, after Tracy had moved to lay the
Bland bill on the table aud Taylor had
moved to report it adversely, . motion vas
msde by Bsrtine ard carried by ths same
maj oritv, directing the bill to be reported
to the House favorsbiy.