New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-02-11
THE BLAND BILL REPORTED.
A DECISIVE VOTE IN COMMITTEE FOR rs
RECOMMENDATION.
MR.. BLAND EXPECTS ITS PASSAGE WITHOUT
DELAY-HIS EXPLANATION OF
LEY TEIIGRApH 10 Tie TkIBCNE6

Washington Feb 1O-Tne Bland FrceColnage bill
was reported TO the House to-day with favorable
recommendation. The proceedings In the coinage Co'
mittce were monotonous but decisive. the eish. iic
coinage members standing like a stone wall asi'nS'
every proposition which calculated TO chech vi
divert them from their purpose on every 'cet 'o'
the members of the committee divided, as 1t was an
mOunced I'm these dispatches that they wod 90 OH 'o
day the committee appointed.
The votes in favor OF the bill were cast by Mcssts'
Bland, Williams Of Illinois Kilgore Robertson ficr'o
Epcs, McKeghan and Bartineseven Democrats anu o"o
Republican, The negative votes were cast by Messrs
Taylor of Illinois G. W. Stone, OF Pennsylvania, 'o"i
son. OF North Dakota: Tracey and Williams OF 'i"ss
clmsctts-thrce Republicans and two Democrats. Inc
proposition for International conference was Wjeocu
by like vote. An amendment TO limit Tree coinaso
10 the product Of American mines received Only '"o
votes-hOse of Messrs. stone and Johnson Mr lrNe!
amendment require that the silver dollars coihed
under the act shall each contain 4oo GRAINS
VI pure silver, or 533 1-3 grains Of standard snVer'
was, OF course, rejected. also was tue hlcnu
ment striking ont the provision in the bill when re-
qures that when Fmnce shall open her mint 10 inc
free coinage of silver at the ratio OF 10 l. 70 - INC
weight Of the United States silver dollar shall be re-
duced as to correspond with that RATIO
The minority d the committee will probably uh'e
in an argument against the bill, which VIII accompany
the report Of the committee, but which will not be
likely receive the support Vi u Hv"ii'' - "'~
Chairman Bland said this afternoon that the report OF
the majority of the committee will be printed and lad
before the House early week. and that he expects
to have the bill considered and passed without any I'M
necessary delay. The friends OF the measure do not
think TINT any interpolation Of the Committee on Rules
will be required in order to bring II to vote WITHIN
reasonable time but II such action shall be necessary
they cay II will be promptly taken by the majority OF
that committee Chairman Bland has made the fol
lowing statement In explanation and defence OF the BILL
which statement In substance Will be embodied In the
committees report
at contemplates the converting Of all our silver
money silver certificates and Treasury notes issued on
bullion nud gold certificates issued gold Into coin
notes redeemabe I'm coin, thus converting our paper
into bmeal paper instead Of keeping up the distinction
between gold and silver in paper issues This con-
forms 10 the idea OF cOnng both metals on m equality
gold and silver free. The coin notes are redoemaDe IN
coin and Of course, In whatever coin II may De most
convenient for the Government to redeem tein Ill
The depostors Of gold and silver bullion have the pv
lee of waiting until their bullion is coined and having
the coin returned to them, they may deposit the
bullion and receive coin az the coin value OF the
million deposited The ,mlllon then becomes the prop
cry OF the Government and Is coined ms fast rs may be
Necessary for the redemption Of any notes presented Tor
redemption. II obviaes the expense Of coming MI the
bullion time II IL deposited The people seem 70
be Of using money instead OF the coin
itself 10 pefrr paper to cA1-ard that coin
note. may be issued and the bullion held for coinage TO
le coined only when necessary for rdeeTniDg notes
4 man holding coin note win not know whether II is
A gold note or n silver non, for. II he deposits gold
bullion or gold COIN h. gets coin note and he de-
po, silver bullion or silver coin he gets The same Kind
~ n CON note. 1t abolshes the present distinction be
tween coin notes
"Niy bill also differs from any other bin that has
been introduced in providing that when France may
resume the free and unlimited coinage Of silver at her
present ratio Of . to l. and the President makes
a PROCLAMATION to that effect. that ratio shall then
l,-romc our fegal ratio and coins shall conform
TO IT, II is asserted France will not resume free
coinage now because tie difference between our ratio
Of I6 10 would cnuse nil silver TO go to the
French mint. which would be embarrassing %
10 ourselves.
ave wish TO retain silver money ms well rs
our gold coin, hence there Is good reason why our
ratio and that OF European counties should be the
same At any rate, there can be no prcteAt on the
pnrt OF France for longer refusing TO coin silver free
because our radio Is different from hers. Personally
| care but little for this, but there are great many
pcope who think ought to have n common fatio.
and have no objection to it. Consequently am
willing 10 conform 10 what seems To be the pubic
Mr. Hand wished the bill 10 be placed upon the
point that the lii must Inevitably Involve an cN
pcnsc upon the Treasury and should go TO the Com
mittee Of the Whole. -
ance stating that he would examine the rule upon
he