The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-01-10
H Bold HEhajn lAEH1ED
Thslssnsts COMMITTEES Makes Seine Changes
IN the House Bill.
4 Substitute Reported which Provides fog
she Free Coinage of Silver and the
Coinage OF the gesgnIOrsgs to
Redeem Grssnbscks.

WASHINGTON, Jan. 1.-The senate
finance committee reported to-day &
substitute for the house bond bill. The
substitute has been approved by the
free silver majority of the committee.
It provides Tor the free coinage Of silver
and for the coinage Of the seignioFags
IN the treasury to redeem gFesnbseka
and treasury notes in either gold OF
silver. The retirement of ali notes Of
tess denominations than $40 is also
provided for. Following is the text Of
the substitute:
From and after the passage Of this act the
nints Of the United States shall be open 20 the
coinage Of silver. and there shalt be coined
dollars Of the weight Of 4l2H grains Troy, Of q
silver dollar, nine-tentns fine, as provided By
The act Of January ls, 1887, and upon the same
terms and subject TO the limitations and pro-
visions Of law regulating tbs 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 there
on in the manner now provided BY law.
Sec. 2. That the secretary Of the treasury
shall coin into standard dollars Is soon as
practicable, according 70 the provisions Of sec
ton one Of this act, from the silver bullion
purchased under authority Of the set Of July
IL 1890 entitled IAN 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 seigniOrags or profit 70 the government, to-
wit the difference between the cost Of the sil-
yer purchased under said act and It's coinage
l4n 4Es-.F = Ill
used 10 payment Of the current expenses Of
the government and for the purpose Of max
ing the said selgniOrage Immediately available
ioF use as money, the secretary OF the treasury
Is hereby authorized and directed to issue sill
yer certificates against It as If 1t was already
coined and in the treasury.
Sec. 3. That no national bank note shall be
hereafter issued for denomination less than
SO, and all notes Of such banks now outstand-
Ing Of denominations less than that sum shall
be, as rapidly as practicable, redeemed and
cancelled, and notes Of $40 and larger denomi-
nations shall be issued In their stead under
the direction OF the comptroller Of the CUP
rency.
Sec. 4. That the secretary Of the treasury
shall redeem the United States notes, COM
monty called greenbaeks, and also the treasury
notes Issued under the provisions Of the act Of
July Is, 1890, when presented for redemption,
In standard silver dollars or ia gold coin, using
for redemption Of said notes either gold or
silver coins or both. not at the option Of the
holder, but exclusively at the option Of the
government and said notes, commonly called
greenbaeks, when so redeemed, shall be reis-
sued as provided by the act Of May 81, 1878.
The substitute was adopted without
discussion, the vote being eight to FIVE
Senator Wslcott was absent, but his
vote was counted with the bill. The
yeas were: Voorhees,, Harris, Jones of
Arkansas, Vest, White, Walthall, DEM
ocrats; Jones Of Nevada, populist, and
Waieott, republican, The nays; Nor
rill, Sherman, Allison, Aldrich and
-Platt.