The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1894-03-31
THE BILL REVIEWED.


Havin' referred to some incidents which !
deem relevant 10 the subject II romans for me-
TO submit a srecihc statement OF nv Objsg'
tions to the bill now under con sideratioa.
This bill consists Of two sections, excludin;
one which merely appropriates u sum SUM
cient to carry tho int effect The first
section provides for the immediate coinage OF
the silver bullion In the treasury. which rep,
resents the so-called lain or seignoras 4, which
would arise from the coininy OF all tho bullion
cp band, which gain or seignlora this section
doclaTeS 10 be s,5,i6Gsl II directs that the
money so coined py the certificates issued
thereon shall DO used in ths payment OF public
expenditures. ana provides thai II the needs
OF the treasury demands IL the secretary OF
the treasury may In mis- di 'cretion Is 'ue silver
certificates in excess os such coinage not eN-
ceedin tho amount OF seig niorage In said sec
tion authorized to be coined
The sec nd Sc. tion declares that as soon as
possible al er the coinage OF tins setgnoifage,
the remainder OF the bullion held by the foY'
ernment shalt lie coined into lo2al tender
standard silver do lars, and III Il they sh hll'be
held In the treasury for the Tedem ton OF
treasury notes issued IN the purchase OF said
bullion. IL provides that as fast AS bullion
sh AL be coined for the redemption II said
potes they snail be retssued but that they
shall be cancelled apd destroyed in amounts
equal TO the coin hold al any lime In the tire as
ury derived from the co mage pFovded foE,
and that silver certificates shall be issued On
such coin In the manper now provided by law
IL is, howev-r. especially declared in said
/
10 change exi>tin laws relating to the legal
tender character or mode OF redemption OF the
treasury not0S issued for tho purchase Of the
silver bullion 10 be coined
MOST UNFORTUNATELY CONSTRUCTED.
The entire bill Is most unfortunately con
structed Nelry every sentence presents un
certainty aud invites controversy as TO its
meaning and intent The FIRST section is
gsDecioly faulty ia THIS re ipect and IL IS eN-
fTemely aoubitul Vhriher It's Language " II
permit tho consumn; liiGp p. its supposed pur.
poses. am lei 10 lioyo that ne UFolqoF ~
OF the hli intended Ia this section 10
provide for the coin lgo " the bullion eORsti-
tutng the gain or scignorasc rs Is l. called
into standard : liver dollar, ami yet thore Ia
positively nothing in the section TO prevent its
coinase into unY description Of silver coins
yoy authorized under any ekiStin law. l sup
pDsG Ills soctna was also intended, IN case
ihe needs ~ the treasury called for money
faster than tho sIigBiorage bullion
OF certificates in advance of such COMA but
its LANGUAGE would seem 10 permit the issu-
anee OF such certificates 80 dauhlp the apo IN (
of seignorigc rs stated one hut nf which
would not represent an ounce Of silver Ia tho
treasury The debate upon this section in
congress developed AN earnest and positive
difference Of opinion as 10 its object and
meaning Ia uuy event. ] on, clear that the
present perplcXitics ana rmbarrlss mfgfs OF
.he secretary OF the treasury ourht not Ia ho
Au1 mented by dtNolvtng upon him the cXocu-
tion OF q law 20 uncertain and confused
am not Willing, however To rest my oOJec-