Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-02-06
WHITE METAL WINS.
BY VOTE OF AZ TO So.
Full Text of the Measure as it
Was Passed.

WASHINGTON, Feb. 1.-The lone
struggle In the senate over the cues
ton OF the the free coinage of silver
terminated at p. IN. to-day wher
the free coinage substitute was
adopted. AT Q o'clock the discussion
was closed. lr.l-lzs lzs.s.tr
Prior to that, however, Mr.. Morril
(rep., VT offered an amendment re
serving to the government the seign
forage on the silver coined; and the
senate rejected it. Mr.. German (dem.
Nd also moved to lay the substitute
on the tables and that motion was
defeated.
The bill as amended passed by q
vote of AZ to 35. Its title was chang
ed so as to make is read:
ITO restore the coinage of silver
dollars and for other purposes
All the sections of the house bill
are struck out. The bill now goes to
the house for concurrence in the sub
stitute.
The bill as amended reads as follows
That from and after the passage OF
this act the mints of the United
States shall be open to the coinage OF
silver and there shall be coined dol
lars of the weight of 412t grains troy
OF standard silver, nine-tenths fine,
as provided by the act of January IS,
1887, and upon the same terms and
subject to the limitations and provi
sions of law regulating the coinage
and legal tender quality of gold, and
whenever the said coins herein pro-
vided for shall be received in the
treasury, certificates may be issued
therefore in the manner now provid-
ed by law.
Section 2. That the secretary of
the treasury shall coin into standard
silver dollars, as soon as practicable,
according to the provisions of section
l of this act, from the silver bullion
purchased under authority of the act
of July IA, 1890, entitled '.An act
the purchase of silver bull
lion 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
silver purchased under said act and
its coinage value, and said dollars so
coined shall be used in the payment
of the current expenses of the gov
ernment: and for the purpose of max
lug the seigniorage Immediately
available for use as money, the secre-
tary of the treasury is hereby auth
oriZed and directed to issue silver
certificates against it as if it was
coined in the treasury.
Section 3. That no national bank
note shall be hereafter issued of
denomination less than $40, and all
notes of such banks now outstanding
of denomination less than that sum
shall be, as rapidly as practicable,
taken up redeemed and cancelled,
and notes of $40 and larger denom-
nations shall be issued in their stead,
under the direction of the comptrol-
Ter of the currency.
Section 4. The secretary of the
treasury shall redeem the United
States notes, commonly called green
back, and also the treasury notes is
sued under the provisions of the act
of July IA, 1890, when presented for
redemption in standard silver Dollars
Or in gold coin, using for redemption
Of said notes either gold OF silver coin
Or both at the option of the holder,
out exclusively at the option of the
treasury department, and said notes,
called ''greenbackn when
10 redeemed, shall be reissued as pro-
Tided by the act of May 81, 1878.
The bill as amended by the senate
vas finally passed by a vote of As
o 80.