The Caucasian. (Clinton, N.C.) 188?-1913, 1896-01-16


"PatronaiI.,ie'' schs'ne-F"-t Make"
s,.,.b which VIII Make ""nop"ists
Cali Him Popuiist.
MONDAY, JANUARY 9TH.
The Senate was not in session.
In the House twenty eight pension
bills were introduced.
Tuesday, January 9Th senate.
Ten pension bills were introduced.
Mr.. Allen, Pop.D introduced q
bin directing the foreclosure OF the
government lien on the Pacific rail
roads, and for other purposes; which
was read twice by its title, and re-
forred to the Committee on paclhc
Railroads. This road owes the gov
eminent about one hundred million
dollars, and for years past has man
aped To defeat every effort OF the
Government to collect the claim. II
keeps a strong lobby at Washington
and uses money freely.
The finance committee, which had
been considering the bond bill that
the House had passed, reported
SUBSTITUTE providing for the Tree
coinage Of silver, NC. The substi-
tute offered by the committee Is as
follows:
"That from and after the passage
Of this act the mints of the unlted
States shall be open te the coinage
of silver, and there shall be coined
dollars of the weight of AL grams
troy, of standard silver, nlne-tenths
fine, as provided by the act Of Janu-
ary IS, 1897, and upon the same
terms and subject to the limitations
and provisions of law regulating the
coinage and legal-tender quality OF
gold: and Whenever the said coins
herein provided for shall be received
into the Treasury, certificates may
be issued therefor in the manner
now provided by law.
SEC. ., That the Secretary of tho
Treasury shall coin into standare
silver dollars, as soon as practicable
according to the provisions OF sec
ton | of this act, from the sllve
bullion purchased under authorlt,
of the act of July II, 1890, entitled
"An act directing the purchase o
silver bullion and the issue OF Treas
ury notes thereon, and for other pur
poses," that portion OF SAID silve
which represents the selgnlorage o
profit to the government, to-Wlt, Tn
difference between the cost OF tn
silver purchased under said act AM
la coinage value, and said SllVe
dollars so coined shall be used l
the payment of the current expense
of the government; and for the pu
pose of making the said selgnlorag
Immediately available for use
money, the Secretary of the Trea
ury IS hereby authorized and direc
ed to issue silver certificates again
it, as if it was already coined and
the Treasury.
Sec. 3. That no national ban
note shall be hereafter issued OF
denomination less than $40, and
notes of such banks now Outstan
ing of denominations less than th
sum shall be, as rapidly as pract
cable, taken up, redeemed, and ca
celed, and notes of $40 and larg
denominations shall be issued
their stead under the direction
the Comptroller of the Currency.
Sec. /. That the Secretary or Il
Treasury shall redeem the nlt'
States notes, commonly CALI
"greenbacks,n and also the Treasu
notes issued under the provisions
the act of July 1t, 1890, when pi
sented for redemption, in standa
silver dollars or in gold CON, usll
for redemption of said notes eth
gold or silver coins, or both, not
the option of the holder, but excl
sively at the option of the Treasu
Department, and said notes, co
monty called "greenbacks," when
redeemed, shall be issued as previd
by the act of May 81, 1o7o.'
Mr.. Pritchard offered an amer
ment which he said would be p
posed for the tariff bill which
passed the House. 1t proposes
restore the tariff of the Mckin
act on raw materials OF the So'
and agricultural products.
Mr.. CHANDLER introduced a
Is. ll0D to provide for popu
loan through postal savings not
which was read the first time by
title. He said:
The first section of bill reads:
THAT any person may deposit
any money-order post-ottice the s
of 800 and receive therefor
ceipt duly dated and authentics
in the following form
"Received of A b the sum OF :
for which there is due to hlm or
order a postal-savings note dra"
interest from this date"
There are only 20 words In
receipt or telegraphic order I
the stmaster-General. The p
masters iii all the money-ordel
fees of this country can begin tc
ceive the peoples offerings to-l
row. All they have to do is to
and issue dated receipt:
Received of A 3 the sum OF $
for which there is due to him OF
order postal-savings note draw
interest from this date.
That gets the money into
Treasury and puts it on interest
mediately. What is to be issue
return for this .receipt9
SEC. 2. That upon the prese
ton of postal-savings recelp
any designated depository OF
United States within the State "
the receipt was issued. there sha
issued in. the place thereof Pc
savings note duly authenticate
the form following, to-wit:
/ ask the attention OF the sc
to the extreme simplicity of the
tal-savings note.
For value received the United >
of America promises to pay to
or order, the sum of 800 in Ia
money in one year from,
$3 interest thereon; and In ca
delay of presentation the int
paid shall be $6.10 after the er
the second wear. $50. 80 after tn