Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-10-04
Repeal Bin Lost Sight Of by
Senate Amendments
FINANCIAL PLANS PROPOSED
80 Par fifseea s<hrnars Have Been
Tackled "a the Hlu a. Passed
~ the House.

mine the order az precedence in whhsh
the various noti1ns will have 20 be put
and many ballots taken before rue
simple question Of repeal h reached.
The ball passed ty the house August -
repeals 30 much Of the act q July IA.
lsU0 the Sherman aetl ~ direct the
purchase Of 100000 ounces Of silver
per month; II provides that such repeal
shall not impair or in any manner affect
the legal tender quality Of the standard
oliver dollar heretofore coined. and il
pledges the faith and credit Of tho Uni
tel States 10 maintain the parity of the
standard gold aud silver coins Of the
United States al their present legal
ratio or at such other ratio as may be
established by law.
VOORHEES, Substitute.
The senate substitute known as the
Voorhees, bill includes the FIRST part of
the house bill 1.-THE repeal proylsionl. 10
then adds a declaration that IL 10 the
policy II the United States TO continue
the use % both gold and silver as stand
ard money. aud 10 coin both gold and
silver into money OF equal intrinsic
and exchangeable value -such equality
10 he secured through International
agreement or by such safeguards OF leg
islatlon as will insure the maintenance
OF the parity Of value OF the two metals.
aud the equal power Of every dollar at
ali times in the markets aud IN the pay
ment OF debts
liz further declares that .the efforts 81
the govern ncnt should be steadily di-
rected 10 the establishment OF such
safe system OF blmetallism as will
raaintain al al times the equal power OF
every dollar coined or ISSUED by the
United Statos in tho markets and In the
payment 81 debts.
The amendments thus far submitted
are:
BY Mr.. Hausbrough-For the issue OF
silver certificates 10 replace all classes OF
gold coin or paper currency. including
national baBy notes Of less denomina-
tons than s2U. and for the bi monthly
purchase 81 silver bullion, and the coin
age thereof into standard dollars at the
existing ratio. IA basis for the circula
ton and redemption az par Of the GER
tificates The certificates are 10 DO legal
tender for all sums of sl00 or less. The
issue OF gold coins and paper currency
Of less denomination than 60 Except
those silver certificatesl is TO cease.
by Mr.. Peffer--For free and unlimited
coinage Of gold and silver at the exist
ing ratio.
Coinage or silver Bullion.
BY Mr.. Call-Requiring all the silver
bullion In the treasury 20 be coined into
dollars. bali dollars aud quarter dollars.
at the ratio Of Is 10 l. and that legal
tender silver certificates shall be issued
and paid out for all public dues and
shall be deposited in the national depos-
itories and sub-treasuries. Also pro-
viding for a convention OF North and
South American states 10 consider and
decide upon q common standard or ratio
upon which gold and silver shall be
maintained and admitted tofrce coinage
by Mr.. Butler Repeating the 10 per
cent tax upon the notes OF state banks.
BY Mr.. Faulkner the monthly
coinage Of 100000 standard dollars out
OF the silver bullion in the treasury; also
for the monthly purchase OF sufficient
silver bullion TO coin 100000 silver dol
lars and for the coinage thereof into
quarters. half dollars and dollars. The
whole aggregate OF silver coinage is not
to exceed es.000.0O0. All national bank
notes Of denominations less than
sl0 that are received at the treasury or
any sub treasury are 10 be destroyed aud
new notes issued for them. OF which go
shall be the lowest denomination.
BY Mr.. Stewart-Fora congress OF the
Central and South American republics.
Mexico. Hayti and San Domingo for
the adoption Of a common silver coin TO
be legal tender In all commercial trans
actions between the citizens OF all the
states participating in the conference.
Coinage Ratio fo to 4.
BY Mr.. Kyle-For free coinage at the
ratio OF 10 10 THE government to re
ceiye the eeignorage or difference be
tween the bullion aud coin value Of the
metal and for the issue Of silver certih-
cates on such dollars
by Mr.. Cole. Second Amendment
Opening the minis OF the United States
Tor the free coinage OF gold aud silver
bullion that may be brought To th9m
into coins % the standard weight and
Hneness: repeating all laws prescribing
a ratio between gold and silver. and also
repeating Al laws making either gold or
silver a lcgal tender for private debts.
and providing that all coins issued from
the mint % the United States az valu
alton u gold and silver respectively, 10
10 made by the secretary IL the treasury
aud g. be- published in advance. 30 az Ia
give ample notice 10 all taxpayers.
by Mr. Squire Authorizing any own
er n silver bullion 10 deposit IL al any
mint II the United States O. be cnned
into standard dollars Tor his benefit. but
hc - only b. receive dollars equaiing the
commercial value % the bullion ON the
day % deposit Such coinage IL not TO
exceed tlO00o per month until the
amount coined reaches sIo.U(D.fsn.
when AL further coinage II silver dollars
shall erase. No certificates are 81 be
Issued 81 represent them and the pur
chasing clauses Of the Sherman act are
b be repealed
By Mr. Gsliinger the appoint
ment ~ monefary cesnn issi0n o. ~
port on The best policy - hs' adopted g.
maintain tho d3uhls standard
by Ms Ailea 10 fermit owners ~
SILVER bullion 20 deposit Il ~ any mint
and have u coined into standard ,ioiiars
Tor hia benefit less - per eent 10 10 r.
talusd a. asiEnor3gr
~ Mr. lonss = Arkansas Fuf
cfmmiesion - ekeaiins unto fbe aiianeial
and mouetaFy eehdition q the govern
merit and people. vith 4 vics g. ieY~
ine n,rans fot the teitefmeu' thefef
Aia8 directing the SECRETARY n theiFeas
az g. - apart and retain H. The trees
uff 49, much e The siissf ttlliiou s%msg
- nscssssrg o. feaesis The outstanding
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