The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-01-07
COINAGE Bill REPORTED
What the Senate Committee Accom-
pliShcd in Fifteen Minutes
THE BOND BILL SUBSTITUTE
The Plan to Utilize the ScisniOrase Has
Been Revived No Question That
the Free Coinage BiIi Will
Pass the senate.

Washington, Jan. tit took the SEN
ate committee on finance this AFTERNOON
less than fifteen minutes to order IA
Vorabe report on a free coinage bill as
a substitute To the house bond bill which
has been before that committee for sev-
eral days. ON motion OF Mr.. VOORHEES,.
former chairman of the committee, all
after the enacting clause was stricken
out and the following was substituted:
Section l.-'rha from and after the pass
ase OF this act the mints OF In. tiited
states shall he open 10 the coinage nl sill
yer and there shall be coined dollars OF
Ihe weight of ll2i: grains, troy, of stand
ard silver ninc-tsnths line, aS provided BY
the act of Jan. 49, 1897. and ruun the same
terms and subject To me Limitations and
provisions OF law regulating the coinage
ana legal tendel quality % Sold' ana
Whenever :he said coins herein pr"V'iri
for shall be received iniO the treasury
certificates may be issuad therefor in the
inunner now provided ny law.
section That til" secfeiar! ~ the
treasury shall coin io STANDARD silNrr no'-
lars. uS soon aS praC ;icablc, t"'or ling TO
the provisions OF section | of this act
from ihc silver bullion purchased under
the authority of the act oi July =. lS'o
entitled "An acl directing the purchas" of
silver bullion and the issue of treasury
notes thereon and for other p'irpps -,
that portion of said silver bullion which
represents The srSniorase or p'oii 10 the
government, to VIII, the difference he
tween the cost of the silver purchased I'M
der said act and its coinaS" value aud said
silver dollars so coined shall be used in
the payment of the current expense ui
the government: ana for the pGrpoSc OF
making said seignioraG, Immediately
aVailuil- for use AZ money. the sec, ctafy
of the treasury. is hereby authorized AMI
directed 10 i.su' silver certificates AGAINST
Il. rs ii ii were already coined AMI IL The
treasury
, Ih,,, al l. t,~tt
shalt be hereafter issued of a d"rominati'n
less thar. ten dollars, anl III notes Of
such banks now outstanding of dc?omina-
lions less than tha sum snail be, H. 'apii-
ly aS practicable. taken UP. redeemed, and
cancelled and notes of ten dollars dnd
larger denominations shall ne issued IN
their stead under the direction Of th"
com otgoller of the currency.
Section l.-rhr seer. tary of the treas
ury shall redeem the United States note"
commonly called sreenEacks. and also the
treasury notes issued under the provisions
of the act of July H. 1880. when presented
for redemption. in standard silver dollars
or IN gold coin, using for redemption OF
said notes either gold or silver coins, o.
both, not Il; the option of the holder, but
exclusively at the option Of the treasury
department and said notes commonly
called grerHbdCks Whcr so redeemed shall
be rei,sucd as provided by the act OF May
81, 1873.
This measure was agreed upon at
Il conference Of the silver men of this
committee. this morning all the silver men
being Democrats but Mr. Jones, of Neva.
da Immediately upon the rrlasemblinS
of the fun committee this bin was present.
ed and a voic called for. There was no
debate. The bill was read and by vote
Of y TO !, a favorable report was ordered TO
be made. The report viii be made to the
senate tomorrow ny Mr.. Jones. of Ar
kansas. 1t will he seen tha, the text OF
the bill provides for the identical matters
-. i, p., ,1t:t,D rob. nf hn 4 N ial
States las! week, after the first meeting
of the recrsaniZe'l Commttee.
Whether there will he protracted de-
bate remains to be seen. Some of the
leading silver men say the subject has
been gone over SO often that it would
be useless tn debate it further If there
is Il prolonged discussion it looks as If
ii would come from the opposition To
the measure. but that cienen. will. ii
is believed content itself with a state
ment of its position and then permit the
measure to come to a vote. The result
can be easily furctold. The majority IN
the senate in favor of free coinage Is at
least ten and 1t may reach dozen.
Republican Programme.
The Republicans of the senate will
hold caucus tomorrow morning at
1880 O'Clock to consider the tariff bill
now pending before the senate finance
committee. The Republican members
of that committee have been unable to
agree and no hradWay was made today
in the full committee lmmediatelN
after the vote was taken on the free
coinage substitute the Democratic
member left the committee room and
the Republicans remained i'm conference
for upwards of two hours. Several ten.
tativc propositions were submitted
looking To notifications of the house
bill These consist of raise or the
house increase of fifteen per cent. on all
schedules of the Wilson act. to twenty
per cent iii the schedules covering agri.
cultural products, crockery. tobacco
and spurious liquors. Mr.. Jones, Of
Nevada. insists that the duty on raw
sugar, which was not touched by the
house, shall also be increased by fifteen
per cent In this matter Mir. Jones is
endorsed by the senator's from NebraS-
ka. and .hc senator's from California.
As the vote OF Mr.. Jones. who is now
ranked as Populst, is necessary to en-
able the Republicans to report their bill
from the committee. it is thought that
II he persists in his views with regard
to this schedule, he Will compel the
change to be made.
The Republicans being unable to
agree among themselves and not know
ing what policy would he pursued by
their associates, ii was determined to
temporarily lay the hill aside and call
Il caucus. At this meeting Il fun in
terchange of views will he held and an
effort made to get the Republicans to
agree upon some policy that will find
them standing together when the bill is
reported and ready TO vote down any
and all amendments the opposition may
-. IT,.
reaches the senate expect to meet n
broadside of amendments intended to
kill the measure. but if they can mar
shall their forces so as to maintain a
solid front they expect tn eventually
carry the bill through the senate. The
caucus of tomorrow will therefore he
an important one for the Republicans