New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-21
Nv AND OUT OF CONGRESS.
SILVER CERTIFICATES NOTHING MORE
THAN DEPOSIT RECEIPTS
CLAIMS ADJUDIcATED AFTER ,,,,,,--v ,,o,.p
YEARS OF DELAY-rHE TERMS OF ST.
IRENE COURT JUsTICEs-PRoposrD
NATIONAL LEGISLATION


rREME COURT Observation-Disclosures
NATIONAL LEGISLATION
Washington FEB. N-Attorney-G General Olney to-
Cay. In reHy to formal request dated February
H. sent to the Secretary of the Treasury an onnjon
in regard the legal status OF silver cor,eca,as
In which he holds follows:
silver certificates are just what they purport
10 be on their face and by their ,erms-that .
they the fact that the United States has on
deposit 50 mary silver dollars which viii ho maid
10 the holder upon the presentation and surrender
OF such certificates. II they can be regarded as
money at all. It il only because the United States
agrees 10 receive them for customs taxes and all
public dues and only to that extent and for those
specific purposes. In M opinion. they are not law
full money within the meaning of section 1. of the
act OF June 90 1914. and section .. OF the act Of
July T. lsS3.'
The opinion OF the Attorney @ anera, It Is under
stood. was asked for by Secretary Carlisle because
Of the disinclina;ion of National banks to receive
silver certificates Its effect VIII be to contract the
use OF silver within the bounds specified in tie
decision.
The Court OF Claims to-day handed down a de-
cis!on I'm the famous ship Tom case. making awards
in forty-two claims and Diminishing three others
These we're among the Oldest and most important
Of the French spoiation claims. on the 18th OF
December 1892 the ship Tom sailed from boston
bound for London. On January IL. 1907 she was
captured on the high seas by the French pTiVateer
Cole The ship carried her proper passport ana
papers: the ground Of seizure WAS mat portion
Of the cargo belonged 20 English owners The
court uow finds as the Council Of PRICES FOUND
that tho suspicion unjGstiiab" ana the capture
al Wh..e In possession Of tho prize crew TIE
ve~qcl was run ashor the French coast to pre-
vent a recau,ure by m Eng!sh cruiser ana thereby
b,cam, a partial ioss. Portions cf the vessel and
cargo were savel. on November g. lsc the COM
ell % Priaes rendered decree recitiEg the iSc'S
and directing restitution Of all that had been saved
from IN. wreck as well as OF tn, ships papers but
without I'm lc.lnity. Subsequently the decree WAS
carried into effect portions Of the ship and cargo
had been saved. and division OF SHoS'' derived
from the sale. was ultimately made among ''e
American claimants
Judge Mott. IN delivering the opinion Of the court
stated that the first question In all these spolo"
claims was whether tho American sh'p ana CIR, cnr5o
owners mad n valid diplomatic claim a1alnst fftnsf
., the time u The ratification OF me uea.! ~
and whether such claim vas one OF MOI t,,atos
for valuable CONSTRUCTION by the | nl,sd H'aS@S
L. France. Tho SECOND article Of the treaty O.
car"l TIE inability Of the reprtsen'2t',SSs :" i,s
respective countries to agree, ana eit tt ca.,r11
for subsequent negotiation. The supplemented
c,arsc appended to the treaty by NAPOLEON when
First Consul In substance provided that 'hc ''cpN'
trcEchmsnt those spol'at.on claims should be re-
lnGUlshed - Franc" In consideration ot t;e pu"i'
out Of this rciiuqushment Of private claims FOR 4
public conaid ration. the responsibility OF the Arer
are found - be eattlcd to sums from the United
state agsregating $3.50 p ,,-,,.. co.,
muc'. has submitted TO the House report recon-
Ing tho passage OF ms rcso c pTopf ,r %
Office Of Justices Of the Supreme Court Of the
I'rit.d states at ten years. The trainers u the
Of Courts with a view 10 secure their Independence
ana mpar,iallty. ard thus. n ther opinion. to
aal 1aeased jGaa r s N2rr ,b.
ttiS purpose has not been fully realized
51 Evan, NJ up9n nj r Fo o lba e5.5s .,
Id: i}-sy r,msYei from orce ): & MeT
rs y Y. NJ Mtcr's r'moYll Is ~ mrs; enc
!na!c during ne present Administrator, IN the
tsln ac'iyi'y % the neglect OF duty.
NJ. Msaterson Glep.. Hebl. by request: to-day IN;
- ~ r,ye-am~nt Of NatonII banks Il
t. $50 ycnr as f,e for examination.
Frcs Drk cxrnln"Ts a S',Ary - 500
y" n noi b osg Gn5"s g, so} G~yeT m h,n *
% b'lk oincia's. anl creates ont q tie money
~cs ircurrri through deposits In any Natlonii
l1nk placed in The hands Of r"ceiy"r; Crlnt9 ne
uiie- certain conditions; puts tx - one-quarier
% ! pr cent every TX months on the amour; OF
o; more thaI per cent Interest to secure deposits.
The House Committee on judiciary TO-DAY directed
favorable rc'or; :, b. made on the h!ll Increasing
az -, g,n';,y ior sah'zL'eneni l2r Na'hnh hsnk
10000 the person il unstable by imp-iSonmt nj
f1r ~; i'ss than five years or more than ten
years. Over $1,000 the imprisonment may b. fifteen
year,. but not ioss than i've years Making false
c3try In any book. report or statement 81 bank
or assoc!lton With intent - defrlud IL made pun
ishab.r 10y imprisonment for not less than I'VE
years more tn.n ten years.
IT, u Smith OF Michigan Assistant Registrar Of
tn = lsury conforming - the rogue. Of the
President. to-day rendered his resignation.
The Treasury lost more than 81 90 90 to-day in
iis net baancc. Il having declined 10 SIPS OF2.0o |
Therc was s.!.ht increase In gold. which stands
above 100000
The deposits OF domestic god bullion the minis
and ass.iy offices Of m" United states during tho
year lS. aggregated So $50 and the deposits Tor
the calendar yer 1898. H.c563Ol showing gain in
tho deposits 81 god Of domestic production In 1893
tn. az lsJ2 u <3GS' 80 :! IS estimated by
The Bureau of IKE Mi9t that when tho fna, figures
are received covering the statistics OF the production
OF god IN the United states for the calendar year
1895. Increase that Of 1872 Of about fiVUUO
VIII be- shown The largest increase in any single |
state during the year In Colorado. and APP
proXlmlteS $2.@nc,n. Tho only state In which a
decrease IS shown Is Nevada.