Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-01-08
COINAGE BILL.
The Senate Finance Committee
FormulateS a Substitute
For the Bond Bill Passed Recently by
the House.
The Greenbacks, When Presented, to BE
Redeemed in Standard silver Dollars or
Gold Coin n-said Greenbacks Shall BE
Re-fssued as Formerly Provided.

WASHINGTON, Jan. TIT took the
senate committee on finances Monday
afternoon less than 10 minutes to order
favora BILE report on free coinage
bill, as substitute to the house bond
bill which has been before that COM
mittee for several days. On motion of
Mr. Voorhees,, former chairman of the
committee, all after the enacting
clause was stricken out and the follow
ing substituted:
SECiIoN l. That from ard after the passage
OF this act, the mints Of the United States
shall be open to the coinage of silver and there
shall be coined dollars of the weight of 41?H
grains, they of standard silver nine tenths
fine, as provided by the act Of January Is, 1887
and upon the same terms and subject to the
same limitations and provisions OF law regu-
lsting the coinage and legal tender quality Of
gold: and whenever the said coins herein pro-
vided shall be received into the treasury, cer-
titcates may be issued thcl efor, in the manner
now p divided by law.
SEC > That the secretary of the treasury
shall coin standard silver dollars, as soon as
practicable accordin. to the provisions OF
section one of this act, from the silver
bullion purchase under the authority of the
act OF July H. 1892 entitled AN act directing
the purchase of silver bullion and the issue OF
treasury notes thereon, and for other pur-
poses" that portion Of said silver bullion
which represents the seignlorage profit to
the government to wit. the difference
between the cost OF the silver pur-
chased under said act and its coin
age value, and said silver dollars
so coined shall be used in the payment of the
current expenses OF the government and for
purpose OF making said seigniorage imrne-
diately available for use as money. the secre-
tary OF the treasery is hereby authorized and
directed to issue silver certificates against it,
as If it were already coined and in t he treas
ury.
SEC. 3. That no national bank note shall be
hereafter issued of a denomination less than
SO and ali notes of such banks now outStand-
ing of denominations less than that sum shall
be, as rapidly practicable, taken up re-
deemed and cancelled, and notes OF $40 and
larger denominations shall be issued in their
stead under the direction OF the controller Of
the currency.
Sec. l. The secretary of the treasury shall
redeem the United States notes, commonly
called greenbaclls. and also the treasury notes
issued under the provisions of the act of July
"a, 1890, when presented for redemption, in
standard silver dollars or in gold coin using
for redemption OF said notes either gold or sill
yer coin, or both. not at the option OF the hold
er, but exclu 5ivel; at the option OF the treas
ury department, ana said notes, commonly
called greenoacks, when so redeemed shall be
1873
This measure was agreed upon at
conference of the silver men of this
committee Monday morning, all the
silver men being democrats but Mr..
Jones, of Nevada. Immediately upon
the bling of the full committee
this bill was presented and vote
called for. There was no debate. The
bill was read and, by vote of s to 5, a
favorable report was ordered to be
made.
Mr.. Jones dem, Ark. reported from
the committee on finance the house
bond bill, with substitute, and gave
notice that Wednesday, immedia tely
after the morning business, he would
ask the senate to take it up for consid-
Grafton. He hoped that it would be
disposed of at the earliest possible day.
An Anglo American society Proposed.
LONDON. Jan. T-Dr. Conan Doyle,
the we'll known writer, has sent to he
Times letter which that paper pub
lished Tuesday Mr.. Doyle lengthily
discusses the feeling of bitterness be-
tween the English and Americans, and
pleads the American view OF the Vene-
zuelan dispute. He exposes the faults
and arrogance of the English Yankee
haters, and proposes that an Anglo
American society be started in London
with branches throughout the empire,
with a view to promoting good feeling
and furnishing the English with the
American side of questions that may
arise, and vice versa.