Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1896-01-11
FoR FREE COINAGE.
\ Substitute for the House Bond isill Re.
ported by the Senate Committee

\ Substitute for the House Bond isill Re-
ported by the Senate COMMITTEES.
WASHINGTON, Jan THE senate
inance 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 for the free coinage of silver
and for the coinage of the seigniorage
in the treasury to redeem greenbacks
and treasury notes in either gold or
silver The retirement of all notes of
less denominations than SO is also
provided for. Following is the text of
the su bstitute:
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
dollars of the weight Of 4l2M grains Troy. of a
silver dollar. nine-tenthS fine, as provided by
the act OF January IS, 1887, and upon the same
terms and subject to the limitations and pro-
visions 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 there
on in the manner now provided by law
Sec 2. That the secretary of the treasury
shall coin into standard dollars, as soon as
practicable, according to the provisions of sec
ton one of this act, from the silver bullion
purchased under authority of the act of July
4,
of silver bullion and the issue OF treasury
notes thereon, and for other purposes, . that
portion of said silver bullion which represents
the seigniorage or profit to the government, to-
wit, the difference between the cost OF the Sill
yer purchased under said act and its coinage
value and said silver dollars coined shall be
used in payment of the current expenses of
the government: and for the purpose OF max
ing the said seignio<age Immediately available
| for money, the secretary OF the treasury
Sc ava6 fn6
yer certificates against it as If it 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 practicable, redeemed and
| cancelled, and notes of SO and larger denomi-
| nations shall be issued in their stead under
| the direction of the comptroller of the cur
rency.
| Sec. 4. That the secretary Of the treasury
shall redeem the United States notes, COM
monty called greenbacks, and also the treasury
| notes issued under the provisions of the act OF
| July IA. 1890, when presented for redemption,
in standard silver dollars or in gold CON- 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
| green backs. when so redeemed, shall be reiS-
sued as provided by the act of May 81, 1873.
| The substitute was adopted without
discussion, the vote being eight to FIVE
Senator Walcott 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
| Walcott, republican. The nays: Nor
rill Sherman, Allison, Aldrich and
Platt