Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1893-03-03

WASHINGTON, Feb. 2l.-Representa-
tive Livingston of Georgia is preparing
and will introduce bill on the lines OF
understanding reached yesterday at the
conference between Senator Carlisle aud
seventeen democratic members OF the
house, representing all the various elc-
ments-except the radical free coinage
men-of the party on the silver ques-
ton. The understanding reached, men
present say, could not be called "A def
mite agreement"
This is the full text of the bill agreed
upon. 1t is proposed as substitute for
the Andre-Cate bill:
THAT the secretary of the treasury
shall set apart so much of the silver bull
lion, at the coinage value thereof pur-
chased under the act entitled An act
directing the purchase of silver bullion
and the issue of treasury notes thereon,
and for other purposes, approved July
"a, 1890 as may be necessary, including
all silver dollars heretofore coined under
said act to redeem all outstanding
L. s. treasury notes issued in payment
for the silver bullion so purchased.
and shall retain the same in the treas
ury to be used for that purpose only,
and he shall cause the residue of the
silver bullion purchased under the afore-
said act to be coined at the rate of
s., 5000, 900 per month, into silver dollars
Of the weight of 412la grains troy, of
standard silver, as provided in the act
of January IS, 1897, on which shall be
the devices and subscriptions provided
by said act, which coins, together with
all silver dollars heretofore coined nm
der the provisions of said act of July II,
1890, shall be a legal tender, ut their
nominal value, for all debts and dues,
public and private, except when other
wise expressly stipulated in the con
! tract. The standard silver dollar coined
under this section shall be covered into
the treasury as miscellaneous receipt.
Secondary holder of the coin au-
thorized by this set may deposit the
same with the treasurer of the United
States or any assistant treasurer in
sums of not less than $40 and receive
therefor certificates in denominations
of 81, 81, S. and $40 and multiples of $40,
corresponding with the denominations
of the United States notes and the coin
deposited, or representing such certifi-
Gates, which shall be retained in the
treasury for their payment of same on
demand. Such certificates shall be re-
ceivable for customs, taxes and all pub
| lie dues and when so received may be
reissued.
"Third-The secretary of the treas
ury is hereby directed to suspend the
purchase of silver bullion, under the
said act of July IA, 1890, until the resi-
due of the silver bullion belonging to
the United States has been coined as
required by the first section of this
act"
The bill was shown to the republi
cans by Mr.. Tracy of New York, and
they were asked II they would support
it. Nearly all the republicans who
voted with the anti-silver men the last
time, including Mr.. Reed, replied thai
they would not do so. II therefore
seems likely that the last attempt t.
repeal the Sherman silver bullion pur
chase act cannot gain the votes neces
sary to its passage, as the free coinage
democrats say they will refuse to vot'
for it, and the republican detection
more than offsets the democratic gail
made as result of the conference.