New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-04

vote to defeat the Lodge Elections bill and the
Democrats should vote to pass a free-coinage
bill. 1t subsequently transpired that the runor
was correct This bargain gave the free-conaSe
element majority in the Senate. and the
gravity Of the situation caused the deepest con-
Germ throughout the country.
BY - yeas to nays. the Senate readOpted, on
motion Of Senator Allison Rep- Iowa. the
clause providing that holders OF certificates
might exchange them at the Treasury for silver
bullion. equal in market value to the face OF the
notes. The proposition Of the Committee on
Finance to strike out the free-coinage clause
was defeated by Is yeas (all Republicans) to
&c nays as Republicans, % Democrats The
legal tender for private debts clause was re-
stored by 10 yeas to II nays, and the ten-year
limit stricken out by "a to 4. One section
left Of the House bill Mr.. Plumb Qsep-
Kan) then offered an amendment that the unit
| II value should be the dollar. which might be
either 4125 grains Of standard silver or 2oo
grains Of standard gold. Adopted by IS yeas
| % Republicans, 2S Dcmocrats) to II nays (2l
Republicans 3 Democrats) Mr.. Plumb Gep..
| Kan) then offered an unlimited free-coiEage ard
unlimited legal-tender amendment, which was
adopted by Is yeas % Republicans, - Demo-
crats) to 81 nays CT Republicans. Democrats).
/ ThereupOn Senator Edmunds Rcp., Ft) indlS-
nanty renowned further management Of the
| bill in the Senate and abandoned it to the VIC
! torious "free-silver" combination.
Finally June II, 1890 the Senate passed the
| bill so amended to be an entirely new meas
ure by A. yeas % Republicans. - Democrats)
! to - nays CD Republicans. 3 Democrats II
provided for unlimited free coinage OF silver dol
lars without expense TO bullion owners; and the
| issue Of silver certificates. which should be I'M
limited legal tender for public and private debts;
/ deposits for the redemption OF bank circulation
/ to be turned into the Treasury and Dank notes
thereafter to be redeemed from the Treasury.
On June - the House came 10 vote on
the bill. Every one Of the Senate amend
! ments beaten. the clause on free coinage
/ being rejected by 49, yeas C22 Republicans IL:
Democrats) 10 1j2 nays O3O Republicans, -
/ Democrats)
Having now passed the House a second time.
/ in changed form the measure was sent TO con-
| ference committee. composed OF senators Sher-
man and Jones and Representatives. Conger ana
/ Walker. ali Republicans. but representing the
| two sides Of the controversy. To save the coun-
try from unlimited free coinage in its worst form
| the sound money men Of this committee were
compelled TO agree to bullion purchases, and they
matured a compromise bill. which was reported
70 both houses and is now called the sherman
! law" The conference report was adopted ny
! the Senate July 10 1890 by 30 yeas (all Republic
! cars) To 20 nays (all Democrats The House
adopted the report July II by l22 yeas (all Re.
pubcans) to 30 nays TALL Democrats. Approved
! July H. 1890
| As passed the law provided for the purchase
Of 100000 ounces of silver bullion per month
and the issue Of certificates TO the amount OF
| the market value thereof. not exceeding 81 ior
FL - grains OF pure silver these notes to be re-
deemabe In coin. either gold or silver, 'it being
the established policy OF the United states TO
! maintain the two metals a parity with each
| other upon the present legal ratio or such ratio
| as may be provided by law" The Treasury was
10 coin 2OyOUO ounces per month until July l.
| 1891 and after that much as was needed to
! redeem the bullion certificates. The notes were
to he receivable for all debts. public and private
| except where stipulated in the contract ana wnen
! received for public dues or redeemed TO be re-
| issued They were also subject 10 be held as
part Of the National bank reserves. Compulsory
| coinage of from x2,WO,WO TO S4WDUU month
was repealed TO date from July i. 1851.
FURTHER LEGISLATION.
sixteenth-A bill disseminating the coinage Of
the 81 and s.: gold pieces and the three-cent
nickels 1t was introduced by Mr.. McKenna
nRep.. COLI. and was passed without contest
Approved September ~, 1890.
Seventeenth-A law refusing TO lotteries the use
Of the mails and forblddng newspapers to print
| Advertisements Of lotteries.
Eighteenth-A useful. law authorizing the
President in case OF outbreak OF cholera yellow
fever smallpox or plague in any State or Terri
tory to cause the Treasury TO appoint inspectors
and promulgate rules for preventing the spread
OF the disease. Introduced by Senator Harris
! Dem. TENN. Approved March -. 1890.
Nineteenth-By the votes OF nearly the solid
Republican majority in both houses, and against
determined Democratic opposition, Congress
! voted at this session to go on with the recon-
| struction IF the Navy.
! Twentieth-A law admitting Idaho az state.
The bill was introduced by Mr. Struble tRep..
| Iowa.. The Democrats OF the Rouse made q
strong fight against the clause in the Constitu-