New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-07
FREE SILVER BILL READY.
rur SENATE FINANCE COMMITTEE WILL
REPORT 1T FAvORABLY TO-DAY.

THE SENATE FINANCE COMMITTEE WILL
REPORT IT FAvORABLY TO-DAY.
IT PROVIDES FOR FREE SILVER COINAGE AT le TO
THE RETIREMENT OF NATIONAL BANK
NOTES OF LESS THAN $40 IN DENoMl-
NATION. AND THE REDEMPTION
OF GREENBACKs IN EITHER
SILVER OR GOLD AT
THE OPTION OF
THE GOVERN
MENT.
washington JAM Cit took the Senate Commit
Zoe oil Finance this afternoon less than fifteen min
utes TO order favorable report on a Free-Coinage
hi as a substitute to the House Bond bill which
has been before that committee for several days.
an motion of Mr. Voorhees, former chairman OF
the committee. ali after the enacting clause OF the
Bond bill was stricken out and the following sub
sttuied: <uo., ut.
act the minis of the United States shall be open to
lars OF the weight OF 42ia grams. Troy OF standard
silver nne-teaths fine. az provided ny the Act Of
ject to tae Limitations and provisions OF law regu
Eating the coinage and egatender quality Of god:
snail be received INTO the Treasury certificates may
be issued therefor in the manner now provided by
Sec 2 That the Secretary of the Treasury shall
coin into standard silver dollars as soon as pract
cable according TO the provisions of Section of
this act from the silver bullion purchased under
the authority OF the act of July a. 1890 entitled
the issue Of Treasury notes thereon and for other
purposes that portion Of said silver bullion I'LL, which
ment. TO w.t. the differ ence between the cost OF
the silver purchased under said and its coinage
value and said silver dollars as coined shall be used
IN the payment of the current expenses OF the Gov
seicniorage Immediately available for use money
the Secretary of the Treasury Is hereby authorzed
ii il were already coined and in the Treasury
Sec. 8. That no National bank note shall be here
after issued of denomination less than zen dol
lars and all notes of such banks now outstanding
OF denominations less than that sum shall be- as
cancelled and notes of ten dollars and larger denom
nations shall be issued in their stead under the
direction of the Controller Of the Currency
section 4. The Secretary of the Treasury shall
redeem the United states notes, commonly called
Under the provisions Of the act OF July IA. 1890.
when presented for redemption. in standard ell,
OF said notes either gold silver coins. or both.
hs OF S f a sHa snd a
notes commonly called wh hs SO ret
Of May 81. 1875
This measure agreed upon at a conference
Of the silver members OF the committee this morn
ing all the silver men being Democrats except
one Mr. Jones OF Nevada PopuiisD. lmmedi-
ately upon the reassembling OF the full committee
There was no debate The bill read and by
a yea and nay vote Of to D. favorable report
10 the Senate tomorrow morning by Mr.. Jones,
o. Arkansas 1t VIII be that the text OF the
BIZ provides for the Identical matters set out IN
The dispatches OF the United Press last week.
after the first meeting OF the reorganized commit
tee. ., ,.A.. ...a,,o
Whether there will be protracted debate remains
u be seen. Some of the leading silver men say the
subject has been gone over often that 1t would
he Useless 10 debate II further. II there Is pro
longed discussion ii looks as II II would come from
ne onnosion TO the measure but that element will.
It is believed content itself with statement OF It's
,osi,ion and then permit the measure to come 10
Iyote The result can be easily foreold: The ma
tor.v IN the Senate in favor OF free coinage Is at
least ten and 1t may, reach dozen