The herald., 1896-01-07

and for other purposes" that portion o.
said silver bullion which represents th
seigniorage or profit to the government to
wit: the difference between the cost of the
silver purchased under said act and its
coinage value, and said silver dollars So
coined shall be used in paw
nent of the current expenses of the
government, and for the purpose of max
ing the said seiguiorage Immediately avail-
able for use as money, the secretary OF th-
treasury is hereby authorized ana directed
to issue silver certificates against it. as il
it was already coined and in the treasury.
See. 3. That no national bank note shat
be hereafter issued for denomination less
than 10, and all notes of such banks now
outstanding of denominations less than
that sum shall be, as rapidly as practical
BILE. taken up, redeemed and cancelled,
and notes of $40 aud Larger denominations
shall be sued in their stead under the dl-
rection of the comptroller of the currency.
Sec. 4. That the seer tary of the treas
ury shall redeem the United States notes
commonly called greenbtcks and also he
treasury notes issued under the provisions
of the act of July IA, 1890. when present
ed for redemption, in standard silver dol
lars or in 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 govern
ment; and said notes commonly called
grenbacks, when so redeemed shall be re-
issuei as provided by the act of May 81, ,
1878.
The substitute was adopted without dis
cussiOn, the vote being to D. Senator
Wolcott was absent but his vote was count
ed for the bill.
Yeas-Voorhees, II irrs, Jones of Arkan-
sas, Vest, White, Walthall, Democrats;
Jones of Nevada, Popuiist, and Wolcott,
Republican.
Nays-Nlorrill, Sherman, Allison, Aid
rich and Platt.
The Democrats indicated their willing
ness, after the bond bill was disDosed of,
to take up he tariff bill, but the Republic
ans asked for further time in order To sub
init The tariff to the Republican caucus.
A CAUCUS ON TARIFF
WASHINGTON, Jan. Ga caucus of Re-
publican senators will be held tomorrow,
at the request of the Republican members
of the committee on finance. to consider
the questions which have arisen in connec-
ton with the house tariff bill. The COM
Inittee is undecided be ween reporting the
bill without amendments, and amending it
so as to make sure of the support of GER
tain senators who have indicated dispo-
sition to press very strongly for increases.
The committee has had under especial
consideration such propositions to extend
the provisions of the bill to sugar and to
increase the rate of duty on spirits, agri-
bill increased the duty on these articles,
with the exception of sugar, . per cent,
while the proposition before the committee
is to make the increase 20 per cent. The
committee is disposed to report without
any amendment, but appreciating the mar
row margin in the senate, it has been de-
cided desirable to secure the sense of the
entire Republican side of the senate be-
fore the report of the committee is COM
pleted. 1t is, therefore, apparent that if
the Republican senators show disposition
to press their amendments to The extent of
opposing the bill, they will be accepted.
There is also some apprehension lest the
silver Republicans and the Populists, who,
it is believed, would ordinarily support a
tariff bill, may insist upon adding free
coinage amendment to the tariff, and il is
hoped the caucus will have the effect of
indicating what may be expected from the
Republican silver senator's.
NO BIDS FOR BONDS
WASHINGTON, Jan. 6.-Secretary Car
Isle at IL: :l5 o'clock last night issued the
circular calling for bids for per cent
bonds. Up to the time of closing the de-
partment today The treasury officials had
received only few kilograms concerning
the loan, and they we're not of a character
to indica g how the announcement was re-
ceived throughout the coun ry. Although
the president WAS constrained to make this
Letting individual subscriptions, 1t is un-
derstood tha neither he nor Mr.. Carlisle
places any reliance in its success except
through the aid of the syndicate, not be-
cause of lack of confidence, but for the
reason that the gold of the country is very
largely in the hands of the bankers, who
are unwilling to part with it except 10 their
own material advantage. especially at this
time, when it is at premium.
Senator tlkins, whose resolution last
Friday declaring agalnsT the sale OF bonds
by private contrac. caused sensation in
the senate, ls today very well satisfied. and
says that he will not press it further, as
the result for which it was Introduced has
been accomplished i'll the call for public
bond sales.
JUSTICE PECKHAM SWORN
WAsHINGToN, } an. 6.-Associate Justice
Peckham, the latest acquisition to the su-
preme bench, took his seat today. Chief
Justice Fuller adminstere l the GA, h.
A NEW Commissioner
WASHINGTON, Jan. 6.-The president has
appointed Francis E Leupp, edi or of Good
Government, published in Washington, to
be member OF the board of Indian com.
missoners.
PUBLIC LAND MATTERS
WASHINGTON, Jan. 6.-The senate COM
port favorably all the nominations before it
except where nonresident had been sent
to another sta or territory. Two nomina.
tions of this kind are before the commit
tee. one being William h. Anderson of
Srelbyville, KY. to be register of the land
office at Enid, o. T. The nomination in
Oklahoma is opposed by Delegate Flynn OF
Oklahoma, and was laid over ill the next
meeting. 1t was announced as the policy
of the committee that no nominations of
persons outside the state and territory
where the offices to which they were ap.
pointed were located would be reported
favoraby.
The committee also decided to report
favorably several bills, among them bill
granting to the states of California oregon
Washington, Montana, Idaho, Nevada
Wyoming, Colorado and South Dakota, "a
per cent of all moneys paid to the United
S ates by each of the st5tes for mineral
lands for he maintenance of a school oi
mines in each OF the saiL states.
BIDS FOR BONDS