The silver state. [volume] (Unionville, Nev.) 1870-1903, 1893-10-11
CONGRESSIONAL NEWS.
COMPROMISE Bill introduced in
the Senate
Y squire OF WASHINGTON.
The Federal Election Repeal Bill Passed
the House by a Strict Party Vote
Meeting of the Irrigation Congress at
Los Ange1es-Another Malta Murder.

WASHINGTON, Oct. 10.-Squire of
the state of Washington this morning
introduced in the senate an amend
ment to the silver bill, embracing
about everything demanded on both
sides of the question. 1t provides
that the owner OF bullion, the product
OF mines or refineries of the United
States may deposit it at any mint in
the amount of not less than one hun
dred dollars value to be coined into
standard dollars of the present weight.
There will only be paid to the person
depositing the bullion such number
of dollars as equal the commercial
value OF the silver bullion on the day
OF its deposit; the difference between
the commercial value and the mint
value to be retained by the govern
ment as seignorage. Deposits of
bullion for coinage shall not exceed
two million dollars per month, and
when the number of silver dollars
coined shall reach the sum of one
hundred millions, further coinage
shall cease. The seignorage shall be
retained in the treasury reserve fund
for the purpose OF maintaining the
parity of every dollar issued under
this act: these silver dollars to be
legal tender in all payments at full
value and no certificates be issued to
represent them. The secretary of
the treasury is authorized to issue
bonds, interest not to exceed three
per cent, redeemable at the pleasure
of the United States after five years,
for the purpose of maintaining all
money at par with the gold dollar.
The national bank association will be
entitled to receive circulating notes
to the par value of the bonds on de-
posit, provided the aggregate Of such
notes for which any association is
liable does not exceed the capital
stock paid in.
The amendment is, in fact, new
bill, striking out all of the old bill af-
ter the enacting clause, and it is un-
derstood that Teller, Allison, Sher-
man and others say it is the best
compromise yet suggested.
After the Sqnire amendment to the
silver bill was presented the resolu-
ton heretofore offered by Allen (Pop.)
of Nebraska, calling for information
as to money borrowed by the United
States, if any, since 1885, was agreed
to.
The resolution offered yesterday by
Dolph of Oregon, calling for informa-
ton as to whether China has re-
quested an extension OF time in which
Chinese laborers are required by the
act of 1892 to register, was laid before
the senate. Dolph stated he would
speak in favor of its adoption.
Sherman suggested that the matter
be discussed in executive session and
the senate went in executive session.
When the doors reopened, Hill of
New York presented petition signed
by fifteen thousand merchants of New
York, asking the unconditional re-
peal of the Sherman law.
The repeal bill was then taken up.
Mcpherson of New Jersey spoke in
favor of the bill and complimented
the president on his prompt action
in calling congress together, and
counselled the senate to take his adj
vice.
Cockrell of Missouri resumed his
argument in opposition and said
that international agreement with
the governments of Europe was i'm
possible.
HOUSE.
The fact that vote was to be taken
on the Tucker bill to repeal the fed