Show ME RING OF SILVER A jingle of the he white metal in III hie lie cairns fau ciss AT IT bl BY 11 the faa adopt the report and it begins to lock lile like a starter fur for tilt the end washington april avril 23 tile ke ite ans of aa hloupe and senate a agreed upon a basis for the preparation ti on of a silver bill the tile agreement ii is in harm harmony my with the tile measure adopted by the tile sea senate a to committee w wah th an important am amendment the bill provides that the secretary of the tres treasury aury shall ie be directed ti t purchase from rim time to t time silver bullion to an ag gregat am lint tint of 4 ounces of pure silver in eacle each mouth at the market rn e thereof n not ot exceeding one dollar for 71 25 grains grallis of pure silver and itsue in payment treasury vo nee voe e of tile united to be 1 r bared i ared by the secretary in such form ad a d such de mina ions I 1 mc nol 1 I leFee that 1 nor more khan cooj as he fir anny ty prescribe the tile Tr treasury eaury noted issued are to be redeemable on demand in lawful money of the un uni ile led states atthe at the treasury or b by any as assistant assi alan of the treace Tre arca aue ipe I 1 and when co so rt redeemed deemed may be reisa ned but no gr greater ter or less amount of 0 auel eui li notes to ta be e outstanding at any time ills the tile cost of the lie elver silver bullion then held in the he tr a aury auy uy ed by nui li notes and such treasury not note shall be for CUSO cus ernp TI taxes and all public tines andu and ft lien so reca received ived n may ay be reissued re issued and cuch such notes when held field by any ai y natif iral banking biank ne association may be counted as a part of its i ia lawful reserve I 1 provided 1 ded that upon demand ho the holder of any treasury notes provided fr jr by the tile secretary may exchange for such notes an amount of silver bullion nica shall equal in value at he the mar market ket price thereof on the day ol 01 ex exchange exi liang to lie amount of bu such c h notes the secretary of the treasury should co coin in such a portion of the silver bul but lion purchased under the provisions of the act as may be necessary to provida for the tile redemption of treasury notes provided torand any gain or seignior I 1 ge a arising j from euch coina 9 to ba accounted eJ el for and paid into the treasury ury S iver bullion purchased under provisions i i of the act to be ct to the re quire ments of tl tle e existing law an and regulations of the mint bervice governing the methods of determining tho the amount of pure silver contained and the amount of charges or deduction if gitany any to be made so much of the tile act of feb I eb roary 1978 entitled an act to author authorize ze the coinage of the standard silver dollar and restore its legal tender character as re quires monthly pur chae e and coi coinage nag of the same into silver dollars not les than 20 nor mare more i than ban ta worth of silver bullion is hereby repealed the act to take effect thirty dys days from and after pas passage mago senator teller of the senate subcommittee com mUtee dissented I 1 ilter he said he would make an effort to secure free giber silver coinage failing in that he would accept the next beet best thing he be could get when the measure came up in the senat he lie would move to make leg lead 1 tender in aldi addition tion to the above provisions a the bill provides money now held field in the Trea wy euy to redeem na dional bank circulation in in cae cace of liquidating banks reducing circulation etc is to be converted into Trea mo notes tee this lu fund nd is estimated estimated to amount to about me seventy venty eight mi lions of dollars which will be restored kocir to circulation cu lation at the republican caucus to the silver bil bill ws a lopped but with 0 ith a few votes the objecting members opposing the bill because of its I 1 failure ilare to give rive full legal tender quality to treasury note notes socci fied the tile ommittee committee on rules will report a resolution requiring i ring the con consideration 8 idera of the tile bill b by y the tile house at the eat earliest liest possible moment with strict limitation of debate the caucus endorsed the morall service pension bill io I o iga explained his election bill but chairman ito Ko ellof the ills elections committee did not think it necessary to pass such a law and submitted a plan for a wide ide extension of the p besent pup priority s system arteni the matter will coma come up again next tuesday night |