The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-10-09


al after the enacting clause ana insert:
ASrcTToS l. That hereafter snv owner
o. silver bullion Enav deposit the sar1e =;
any mat Of the United States 20 be
FORMED into standard dollars of the urex-
eat weight and hneness Tor his benefit. as
hereinafter stated !: bat il shall be Lawful
20 refuse any deposit Of less value than
one hundred dollars, or auy bullion so
case as 10 De unsuitable for the oneraiian
OF the mint: provided. however. tfssr there
snasi only be delivered or paid 20 the per-
son depositing said silver bullion snch nTar,s-
Ger o. standard silver dollars as shall
equal the commercial value OF said silver
natlion on the day Of deposlt a. ascer-
tanned and determined by the secretary of
.ns uessary; toe difference. ii any, be-
tseeh tne nominal or coin value OF said
standard silver dollars and the commercial
sai9s oil the silver bullion thus deposited
snaA De retained by the government as
sesgniorage, and the gain or seieniorage
arising from snch coinage shall he sc-
counted for and paid into the treasury.
froesded, that the coinage of silver dollars
under the provisions OF this act shall not
exceed the sum of 81 COO 600 per month.
The amount of such seigniorace or gain
shail be retained IN the treasury as a re-
serve fund IN silver dollars. or such other
form OF equivalent lawful money as the
secretary OF the treasury may from time 10
time direct tor the purpose OF maintaining
the parity OF value of every silver dollar
issned under the provisions of this act
with the gold dollar issued by the United
States; prorieied further, thar when the
nunoer OF standard silver dollars coined
under the foregoing provision shall reach
the sum o. 500, ,0c0.000 then all further
coinage of silver dollars shall cease.
Sec And the said silver dollars shall
be legal tender in ali payments At their
nominal or coin value.
Sec. j. No certificates shall be issued TO
represent the silver dollars coined under
the provisions of this act
sec. L. That so much of the act ap-
proved July Ia. ls90. entitled, An act di-
recting the purchase of silver bullion and
the issue OF treasury notes thereon, and
Tor other purposes, as directs the secre-
tary OF the treasury to purchase from time
TO time silver bullion 10 the aggregate
amount OF 100000 ounces. or so much
thereof as may be offered in each month at
the market price thereof, not exceeding 81
FOR 37L25 grains of pure silver, and 10
issue in payment for such purchases treas
nry notes OF the United States, be, and
the same Is hereby, repealed"
The last section repeats the silver Law;
the frst enacts the coinage law and strips
1t OF any unnecessary verbiage about
ratios at i6 TO l and other like matters.
Congressional Excursion 90 Nicaragua.
WASHINGTON CRY, Oct. s-Representa-
tive Doolittle OF Washington. has intro
duced joint resolution providing for
commission consisting of three senators
and six representatives 10 20 over the en-
tire route of the Nicaragua canal and
make thorough examination with a
view of submitting TO congress compre-
hensive report of the existing conditions
and furnishing information upon which
future legislation may be had. The reso-
lntion was referred TO the committee on
interstate and foreign commerce
Justice Hornblower Not Con nfirmed.
WASHINGTON CITY, Oct s-There is a
great deal of disappointment because JUS
tice Hornblower will not be ready TO take
the oath of Office Monday when the su-
prerne court meets. tits understood the
absence of several members of the senate
judiciary committee has prevented action
on the nomination of Hornblower.
One-Cent Postage ImpracticabIe.
WASHINGTON CRY. Oct. s.-Postmaster
General Bissell Is expected to devote con-
siderable attention in bis annual report to
the project of one-cent postal service. He
believes inauguration OF the service Is i'm
possible at the present time, owing to the