Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1893-10-15
SQUIRT:'S SILVER BILL.

WAEHIN5ToH, Oct. TO- Squire O.
the State OF Washington this morn
Ing introduced in tho Senate m.
Amendment TO the silver bill, embrac
ing about everything demanded on
beth sides OF tho question. II pro
ridcs that the owner OF bullion, the
product OF iuincs or rctineries Of the
United States, may deposit il at any
mint in tho nm.Ouut OF not less than
ono hundred dollars value TO be
coined Into standard dollars OF the
present weight. There will only DO
paid ~ the person depositing the bul
lion Euch number OF dollars us equal
:he commercial vaiuo OF the silver
bullion OH the day Of its deposit; the
/ difference between tie commercial
value and the min. value TO be re-
talned 10y the government as seignor-
age. Deposits Of bullion for Coinage
shall not exceed two million dol ars
/ per month, and when the number OF
silver dollars coined shall reach the
sum OF one hundred millions, .uthcr
coinaEc shall cease. The seignorage
! shall be retained in the Treasury us
reserve fund for the purpose Of
maIntaininG the parity OF every dol
lar i:sued uadet this act; these silver
dollars To he legal tender in all pay.
mcn:s at full val Ie aud no certificates
DO issued 10 represent them. Tho
Secretary OF tho Treasury is author
Ized TO issue bonds, interest not 10
exceed three per cont, redecmable at
the pleasure Of Tho United States
htler tive Sea:s, for tho PURPOSE of
maintaining all money at par with the
gold dollar. Ths National n!nsinr
Association will be entitled to re-
ce've circulating notes to tho par
value OF tho bonds on deposit, pro-
vidcd tho aggregate OF such notep for
which any association is linble does
not exceed Tho capital stock puid in.
Tho amendment is, in fact. n new
bill, striking out all Of the old bill M
ter tbs cnacting clause, ard il 10 un-
dcrstood that reller, Allison, Sher-
man aud others say il is tho best
compromise yet eusgosted.
AttoE the Squire amendment TO tho
silver bill was presented tho rcsolu-
ton heretofore offered by AlIon Pop)
OF Nebraska, calling for information
rs to money borrowed by tho Uni,cd
States, II any, since 1885, was agreed
10.
Tho resolution offered yesterday by
Delphi of Oregon, cailins for informa.
iion rs 10 whether China had rc-
qucsted mn extensions of time in which
Chinese lnborcrs are required by the
act OF 1892 To register, was laid be
fcre tho Senate. Do!ph stated that
hc would speak in favor OF i,s adop
ton.
Sherman suggested TINT the mat
tor lao discussed in executive session
and tho Senate won't IN executive scs
sion.
When tho doors rcopcned, Hill o.
New York, presented IL petition signcu
by fifteen thousand merchants OF Now
York, askinR tho unconditional repoa
OF tho Sherman law.
Tho repeal bill wns then tnl,cn up
McPncrson OF Now Jersey spoke il
favor Of the bill and complImontot
tho PRECEDENT on lis prompt uc,ior
IN calling Congress together, nnt
counselled tho Senate 10 take his nd,
| vico.
Cockrcll OF Missouri reeumed hi.
argument in opposition and eaid thu
amy International agreement with tht
governments Of Europe was impossi.
bio.
| ]i0UsR.
Tho time in tho House vns taker
up In voting on the fuckor bill L
repeal tho Federal Election laws
All amendments wero defeated by
strict party voto and tho bill wal
finally passed by Il vote of 2CO I,