Daily independent. [volume] (Elko, Nev.) 188?-1915, 1893-08-31
THE TWO BILLS.

chase clause Of the Sherman law
which passed the House on the 18th,
was introduced on the 18th Of this
month by Hoo. w. l.. Wilson, OF
West Virginia. It is az follows:
An act to repeal part of an act, ap-
proved July IA, 1890, entitled, IAN
act directing the purchase Of silver
bullion and the issue Of Treasury
notes thereon, and for other pur-
poses"
Be it enacted, ETC., That 80 much
OF the act approved July IA, 1890, en-
titled IAN act directing the purchase
OF silver bullion and issue OF Treasury
notes thereon, and for other pur.
poses," as directs the Secretary OF the
Treasury to purchase from time to
time silver bullion to the aggregate
amount Of 4,5OO,tO ounces, or 80
much thereof as may be offered in
each month, at the market price
thereof, not exceeding one dollar for
371.25 grains Of pure silver, and to is
sue in payment for such purchases
Treasury notes Of the United States,
be, and the same is hereby, repealed;
but this repeal shall not impair or in
any manner affect the legal-tender
quality of the standard silver dollars
heretofore coined; and the faith and
credit OF the United States are here
by pledged TO maintain the parity of
the standard gold and silver coins of
the United States at the present legal
rata, or such other ratio as may be
established by law.
This bill went to the Senate on the
afternoon Of the 28th and was referred
to the Finance Committee of which
Senator Voorhees,, Of Indiana, is chair
man. The Finance COMMITTEES re-
ported tho bill introduced into the
Senate on the 10th by Senator Voor-
hoes, and known as tho Voorhees,
bill, az substitute. The vote in the
Senate will be taken on the following
bill:
Be it enacted By the Senate and
House of Representatives of the
Unitsd States Of America in Con-
0ress assembled, That 30 much of the
act approved July II, 1890, entitled
"An act directing tie purchase Of sii7
yer bullion and the issue OF Treasury
notes thereon, and for other pur-
posas," as directs tho Secretary Of the
Treasury TO purchase from time to
time, silver bullion to the aggregate
amount Of 100000 ounces. or 80
much thereof as may be offered, in
each mouth, at the market price
thereof, not exceeding 81 for 371.25
grains Of pure silver, and to issue in
payment for such purchases Treasury
notes OF the United States, be, and
the same is hereby repealed. And 1t
10 hereby declared to DO the policy OF
the United States to continue tho uso
Of bOth gold and silver as standard
money, and to coin both gold and
silver into money Of equal intrinsic
and sKchangeable value, such equal
ity TO be secured through interns.
tional agreement, or by such safe
guards OF legislation as viii insure
tho maintenance of the parity in
Value OF the coins OF the two metals,
and tho equal power Of every dollar
vt all times Ia the markets and In the
payment Of debts. And it :s hereby
further declared that the efforts OF
the Government should DO steadily
directed 10 the establish u,ent OF such
q safe system OF bimetallism. a. will
maintain at all times the equal power
Of every dollar coined or issued by
tho United States ia the markets and
in tho payment OF debts.