The sun. [volume] (New York [N.Y.]) 1833-1916, 1896-12-11

The DINGLEY bill which passed the House
OF Representatives at the last session went
to the Senate and was referred to tho
Committee on Finance. On Feb. 4, 1896,
the committee reported 1t back with an
amendment striking out all after the en-
acting clause, changing the title SO as to
read, A Act to provide for the free coin
age of silver and for other purposes" and
inserting after the enacting clause the sub
joined provisions:
~. That from and after the passage of this Act, the
minis OF the United States shall be open to the coin
age OF silver, and there shall be coined dollars OF tho
weight of 4le3 grains troy. OF standard silver. nine
tepths fine, ms provided by the Act OF Jan. IS. 1897,
and upon the same terms and subject to tho limita-
tions and provisions OF law regulating the coinage
and legal tender quality OF gold: and whenever tho
said coins herein provided for shall be received into
the Treasury, certificates may be issued therefor In
the manner now provided by law.
"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 tho author.
ity OF tue Act OF July IL. 1880, entitled An Act direct
Ing the purchase OF silver bullion and the Issue Of
Treasury notes thereon. and for other purposes that
portion OF said silver bullion which represents the
selGniorage or PROFIT to the Government. to wit, the
difference between the cost OF tho silver purchased
under said Act and Its coined value: and said silver
dollars so coined shall be used in the payment OF the
current expenses OF the Governments: and for the
purpose OF making the said seigniorige Immediately
available for use as money. the Secretary of the
Treasury Is hereby authorized and directed to issue
certificates against It as II It vas already coined and
in the Treasury.
80. That no national bank notes shall hereafter be
issued OF a denomination less than $40. and all notes
of such banks now outstanding OF denominations less
than that sum shall be. as rapidly as practicable,
taken up. redeemed and cancelled. and notes of $40
and larger denominations shall DO issued in their
stead under the direction OF the Comptroller of the
Currency.
-. That the Secretary of the Treasury shall redeem
the United States notes. %ommonl called green.
backs and also the Treasury notes issued under the
provisions OF the Act of July IL, 1890. when presented
for redemption, In standard silver dollars O. in gold
coin. 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 Treasury Depart
rncnt. and said notes. commonly called 'greenbacKs.'
when so redeemed shall BIO reissued as provided by
the Act OF May 81, 1878"
Thus the House DINGLEY bill, temporarily
to increase revenues to meet the expenses Of
the Government and provide against a de-
ticiency. was transformed by the Senate
Finance Committee into the free silver and
Reputation measure printed above.
So it remains. Motions to recommit the
bill, with instructions to report the original
measure that had come from the House and
the free silver amendment as separate prop
ositions, were lost, Senator HILL being the
objectOr more than once.
This is the "DISGLEY bilr' which Senator
ALLEN of Nebraska, the Populist. called up
on Wednesday in the Senate. This is the
"DrNGLEY bill' reported by the Senate FL
nance Committee, and so it will remain I'M
less the Republicans in the Senate are able
to get the help of sound-money Demo-
Gratis to force the Finance Committee to
separate the two propositions, and thus
make revenue and not reputation the ques-
ton before the House.