The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-02-07
SENATE PASSES THE SUBSTITUTE.
The Long Debate Ends by the Passage of
the Ril by Seven Votes.

Inc Long DEBATE EnUs ~ the EassS5e OF
the RHI by Seven Votes.
WASHINGTON, Feb. 3.-The long con-
test over the silver bond bill in the sen
ate ended Saturday, that body passing
the free silver coinage substitute for the
house bond bill by the decisive vote of
a to 30, a majority of seven for free
silver.
This result was reached at 3 o'clock
after three hours of caustic debate and
sharp parliamentary fencing.
The public interest in the oulmina-
ton of the prOtracted struggle was
shown in the crowded galleries and a
full attendance on the floor, seventy
three senators being present and the
others paired.
The silver substitute Of the house
bond bill provides for the free coinage
Of silver and for the coinage of the
seignorage in the treasury to redeem
greenbacks and treasury notes in either
gold or silver. The retirement Of all
notes of less denomination than $40 is
also provided for. Following is the text
of the senate substitute:
From and after the passage of this act the
minis of the United States shall be open to the
coinage of silver, and there shall be coined dol
lars of the weight of 41Zl grains Troy, OF silver
dollar, nine-tenths fine, as provided by the act
of January Is 1881, 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 thereon IN
the manner now provided by law
Section 2 That the secretary OF the treasury
shall coin into standard silver dollars, as soon
as practicable, according TO the PROVISIONS OF
section of this act, from the silver bullion puT-
chased under authority OF the act OF July Il,
1880, entitled, An act directing the purchase of
silver bullion and the issue OF treasury notes
thereon and for other purposes, that portion
of said silver bullion which represents the selgn-
OFage OF profit to the government t0-Wlt, tho
/ difference between the cost OF the silver pur-
chased under said act and its coinage value ana
said silver dollars so coined shall be used IN the
! payment of the current expenses OF the govern
ment; and for the purpose of making the SAID
/ seignOrage Immediately available Tor Use as
money, the secretary OF the treasury Is hereby
authorized and directed to issue silver ceTtif-
Gates against it, as if it we're already coined and
! in the treasury.
/ Section 3. That no national bank note shall
/ be hereafter issued for denomination less than
/ $40, and all notes of such banks now Outstand-
I ing Of denominations less than that sum shall
| be, as rapidly as practicable, redeemed and can
ceiled. and notes of SO and larger denomination
shall be issued in their stead under the direction
/ of the comptroller Of the currency.
] Section 4. That the secretary OF the treasury
/ shall redeem the United States notes, commonly
/ called gTeenbacks, and also the treasury notes
issued under the provisions of the act OF July II,
/ 1890 when presented for redemption, IN standard
silver dollars OF in gold coin, using for redemD-
ton of said notes either gold OF silver coins, or
both, not at the option of the holder, but ezclu-
sively at the option of the government, and sand
notes, commonly called gTeeEbacks, when so re-
deemed, shall be reissued as provided by the act
| of Nav 81 1915