The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-02-14
THURSDAY. FEBRUARY IA. 1895.
The Jones Bill.

The currency measure reported by
the senate committee on finance is
one section of the bill which was in
troduced by Senator Jones, of Arkan-
sas, about a fortnight ago. The orig
inal bill was made up of ten sections.
1t provided for the issue of bonds in
the sum of S5OO,OOO,0O0, and that these
bonds may be used by national banks
as the basis of circulation. 1t ordered
the withdrawal from circulation of all
legal tender notes, the greenback and
the like, and the treasury notes issued
under the act of 1890, and the issue, in
lieu of these, of SILVER certificates in
denominations of one, two and FIVE
dollars The bill also provided that
the national banks shall not circulate
bank notes in denominations less than
ten dollars.
The ninth section of the Jones bill
provided for the coinage of silver on a
plan, respecting seigniorage, that was
some talked about two years ago
This is the section which has been
made separate and distinct bill and
reported by the finance committee TO
~
measure of importance and we there
fore reprint 1t:
That from and after the passage OF this bill
tn" secretary OF the treasury is authorized and
directed to receiv' at any United States mnt
from any citizen OF the United .atrs, silver bull
lion Of standard nneness and to coin the same
into silver dollars of 4l2l4 grains each. The
sciuniOrage OF said bullion shall belong TO the
United states and shallIbe the difference be-
pr,cc OF the bullion in New York on the date
the presentation is made. and all expenditures
for coming done under the provisions OF this act
shall be paid out OF said seigniorage and tina
secretary OF the treasury SHAH deliver To the de-
pOstOTS Of such bullion stand ard silver dol ars,
equal In amount TO the price thereof rs afore-
SAID: and whenever the said coin herein pro-
yided for shall be received into the treasury Ger.
tiicates may be issued thereon In the manner
now provided by law.
AS 1t comes from the committee.
this bill is changed from the original
ninth section IN two respects-the
original took the London price on
bullion as the basis; this bill takes the
New York price. The original pro-
vided that, on the receipt of the coined
dollars at the treasury, certificates in
denominations of less than ten dollars
NAV De lSSutu lneTeOu. me present
bill does not make a Limitation to de-
nominations below ten dollars.
The senate committee on finance
has eleven members. The vote on the
pending bill in committee was six to
five As announced yesterday, those
in favor of reporting it were
Senators voorhees,. Harris, Vest,
Jones, of Arkansas, Jones, of Nevada,
and White. Those opposing were
Senator'S Mcpherson, Morrill,, Sher.
man, Allison and Aldrich. OF those
who voted yea, Mr.. Jones of Nevada
is virtually outside of the political
parties, the others are democrats. OF
those who voted nay, one is a demo-
crat, Mr.. Mcpherson, of New Jersey,
the rest are republicans. That is about
the ratio that has held in the long
succession of votes on the silver cues
tion;yet the republicans in these parts
would have us believe that their party
is the friend of free coinage.