The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-15
COINAGE OF THE BULLION.
Senator VOORHEES, Reports a Bill on the
Subject.

It Provides for the Coinage of Silver
Dollars, and the Retirement of Small
Denominations of Gold and Paper
Money-The Bill to Repeal the Fed
eral Election Laws Reported Favor
ably.
Washington, Dec. 14.-Vice President
Stevenson, having returned from his trip
to Augusta, Ga, presided over the Sen
ate to-day.
Mr.. Vance, from the committee on
privileges and elections, reported back
favorably the House bill to repeal the
federal election laws, and it was placed
on the calendar.
Notice of a minority report was given
by Mr.. Chandler, which gave the names
of the dissenting members of the commit
tee as Messrs. Hoar, Mitchell, Higgins
and Chandler.
The Senate joint resolution relieving
the employees of the record and pension
office, who were injured in the Ford S
theater disaster, from the operation of
the law restricting the amount of sick
leaves and pay, was reported and passed
On motion of Mr.. Cameron, it was or
dered that when the Senate adjourn
to-day the adjournment shall be till Mon
day next.
A COINAGE BILL.
Mr. Voorhees,, chairman of the finance
committee, introduced bill for the coin
age of silver dollars, the retirement of
small denominations of gold and paper
money and for other purposes. Follow
ing is its text
Be it enacted, etc, that the seigniorage,
or profit fund. which has resulted from the
coinage of silver bullion under the acts of
Feb. %, 1873 and July IL, 1890 or which would
result from the coinage Of such bullion, shall
be coined into silver dollars of standard
weight and fineness, with full legal tender
quality at the rate OF not less than 50 0000
per month, and such dollars shall be covered
into the treasury.
Sec 2. That when all the seigniorage or
profit fund bullion specified in the first sec
ton of this act have been coined as therein
directed IL shall be the duty OF the Secretary
silver bullion at the market value in guam
tity sufficient TO coin not less than
@OOooOO each and every month, and
he is hereby directed to coin the
said bullion. monthly as fast as purchased,
into standard silver dollars, and a sum sufi
cient to carry into effect the provisions Of
this act is hereby appropriated sout OF any
money in the treasury not otherwise appro-
prated.
sec. 3. That when any paper. cir.
whatsoever iatsl5e ''Si character, 's Of Demon. n
nations less than $40, issued under autoority
OF the United states, except national notes or
certihcates redeemable only in silver dol
lars, shall be received at the treasury or any
sub-treasury, they shall not be reissued but
shall be assorted, counted and recorded, and
Immediately destroyed In accordance with
the existing provisions of the law; and as
rapidly as said notes or certificates are de-
stroyed, they shall be replaced by an equal
amount OF like notes or certificates Of denom-
nations not less than $40,
Sec. 4. that hereafter no national bank
notes shall be issued of a less denomination
than $40, and all such national bank notes,
When received at the treasury or any sub
treasury, shall be destroyed in accordance
with the law, and the national banking asso-
cations whose notes are destroyed under pro-
visions of this act, shall be respectively re-
qureu 10 substitute notes of denominations
moi less than $40 in lieu of those destroyed.
Sec. D. That from and after the passage Of
this act the coinage Of the % so gold pieces
and the 80 gold pieces is hereby prohibited,
and the coins above named shall not be struck
or issued by the mints OF the United States,
and such coins, when received at the treas
ury or any Sub-treasury, shall be Withdrawn
from circulation and recoined into eagles and
double eagles, in connection with the law.
sec 8. The President of the United States
is hereby authorized to appoint Ave commits
slolers to an international conference, to be
ned at place to be hereafter designated with
avew TO secure internationally ahxity of the
IcldJlNB Vaiue between gold and silver as
money by means of n common ratio between
these metals, with free mintage at such ratio.
ana for the compensation Of such commits
sloners ana for all reasonable expenses con-
neeted Herewith. to be approved by the
Seeretary of State, including the proportion
10 lie paid by the United States Of the joint
expenses of such conference, Ss00O0 or so
much thereof as may be necessary, is hereby
appropriated out of any money in the treas
ury not otherwise appropriated
A resolution was adopted providing for
the appointment of a select committee of
htye senator's to investigate the F'ord's
theater disaster and report TO the Senate,
whether in law, equity or justice, the
government should compensate the suf-
lerers from that disaster, and to what
extent
The Senate bill to repeal a clause in the
iaSt pension appropriation bill which pro-
hlolts the payment of pensions to persons
residing in foreign countries, except in
the case of disabled pensioners, was
taken from the calendar and passed.
The Senate at 4 ;35 o'clock, after short
executive session, adjourned till Monday