The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-01-07
TIE FREE SILVER BILL.
Text of the NIeasur' to Be Reported to
fh,. ~ennfts.

Text of the MeaStirN To lie reported t0
the senate.
Washington City. Jan. e.-The senate
finance committee has decided to report
10 the senate. as "A substitute for the
house bond bill. the measure agreed upon
by the silver ma iority. Following Is the
full text of the substitute:
That from and after the passage OF
this act the mints OF the United States
shall be open 10 the coinage of silver. and
there shall be coined dollars Of the weight
of 412is grains troy. OF standard silver,
nine-tenths fine. as provided by the act OF
January IS. 1897, and upon the same terms
and subject TO the limitations and provi-
sions OF the 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.
sec 2 That the secretary or the treas
ury shall coin into standard silver dollars
"a soon as practicable. according TO the
provisions Of section l of this act, from
the silver bullion purchased under author
ity Of the act of July u, 1890. entitled An
act directing the purchase OF silver bull
lion and the issue of treasury notes there
on. and for other purposes that portion
OF said silver bullion which represents the
seignioraRe, or profit 10 the government.
to-wit. the difference between the cost OF
the silver purchased under said aCt ana
its coinage value; and said silver dollars
so coined shall be used in payment OF The
current expenses OF the government and
for the purpose OF making the said seign-
forage Immediately available for use as
money. the secretary or the treasury is
hereby authorized and directed to issue
silver certificates against It, as II II were
already coined and in the treasury.
Sec. 3. That no national bank rote
Ffar ma
tion less than so, and all notes OF sueh
banks now outstanding of denominAficus
less than that sum shall be as rapidly as
practicable taken up. redeemed and can
celed. and notes of 80 and larger denegni-
nations shall be used In their stead. un-
der the direction of the comptroller CT the
currency.
sec. 4 That the secretary OF the treas
urv shall redeem the United States notes
commonly called greenhacks. and also the
treasury notes issued under the provisions
OF the act OF July II. lS9o. when presented
for redemption. IN standard silver dollars
or I'm gold coin. using for the redemption
OF said notes either gold or silver ce'ns.
or both. not AT the option OF the hDicers
bun exclusively az the option of the gov
ernment. and said notes, commonly called
a,raenhacks. when SO redeemed shof' DC re-
issued as provided by the act Of May 81.
1875"
The substitute was adopted without dis
cussion. the vote being To 5. Senator
Wolcott was absent, but hts vote was
oounte-i for the bill
Yoas-Voorhces. Harris. Jones ot Ar
kansas. Vest. White. Walthan. Democrats.
Jones OF Nevada. Populist. and Wolcott,
Republican.
Morrill, Sherman. Allison. AID
rich and T'latt.
The Democrats indicated their willing
4 4 IA 1t g.e
to take tip the tariff hili bat the Repuh-
Hcans asked for further time. in order 10
submit the tariff bill 10 the Republicans
caucus.