The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-08-11
READY TOR YBE BATTLE.
Two Bills on the Financial Cues
ton Prepared.
ALL ARRANGEMENTS MADE.
The Fight Viii Occur without Refer
ring the Bills.
It VIII Be Fought Out on the Floor of
the House in Committee of the
WhoIe-Text of the
Two Bills.

WASHINGTON, Aug. 10.-Slowly but
eurely the lines of battle are being drawn
on the financial question and before an
other day passes the country will prob
ably be acquainted with the full plan Of
procedure. 1t is believed the plan has
been finally evolved today which is likely
to win approval of the majority OF all ele-
aaent. Tonight all indications point to a
drawn battle on the floor of the House
without reference of the question to the
committee on coinage, weights and
measures. Mr.. Bland readily acquiesces
in The programme to fight the battle out
on the floor OF the House in committee Of
the whole. and TO this arrangement the
anti silver men of course readily agree.
Two bills on which is to turn all dis
cussion of the financial question were to-
DAY fully prepared and ready for presen-
tation. The one drawn by the anti-sllver
men is brief and to the point. 1t tersely
provides for the unconditional repeal of
so much of the act of February IA, 1890,
as directs the monthly purchase of four
and q half million ounces OF silver bullion
and the issuing of treasury notes thereon.
The measure drawn by the free coinage
people is longer and is unique in being
drawn in a manner which will develop
the greatest possible strength Of the free
coinage element of the house.
The first portion of the bill
provides that all holders of one
huncred dollars or more OF silver bullion
of standard weight shall be entitled to
have the same coined into silver dollars
at the minis of the United States. The
dollars so coined are to be legal tender
for all debts, dues and demands. both
public and private; and any holder OF
silver dollars, may at his discretion de-
post the same in the United States treas
ury and receive silver certificates for the
= same. The number of grains of silver to
be contained in the standard dollar, is to
DO determined on the floor of the house.
The closing section of the bill provides
briefly for a repeal of the Sherman pur-
chasing clause.
The bill drawn by the free coinage rnen
is regarded by their oppor ents, as well as
by their friends, as the strongest measure
that could be possibly presented by the
silver men, the question of ratio being
left tc the House. The silver men allege
that no excuse will be given faltering free
coinage men for an abandonment of their
principles. If the opponents of free coin
age have numerical strength they can, OF
course, successively, strike out every Sec
ton of the bill relating to free coinage
and leave only the last section, which
provides for an immediate repeal of thf
Sherman purchasing clause.
The great question still to be determined
is which of the two bills is to have
priority of consideration. The silver
men fear that if the repeating bill should
De the first taken up, free coinage amend
1aents which would naturally be pro-
posed, n. .yht, under strict Interpretation
OF parliament ry law, be declared moi
germane to the subject under considera-
ton, the man question being that OF re.
peal. To guard against such ruling anC
insure successive votes on al PROPOSE
tions to be presented by the silver men
the latter demand that the bill of FREE
coinage men which also contains CLAUSE
repeating the purchasing act, shall b.
given priority of consideration.