| Show THE BLAND SILVER BILL associated dispatches from fram washington state that the house committee on coinage is about to present a majority report in favor of the passage of the baand free coinage bill furthermore the report embodies an argument showing the ad vantages advantages that will accrue from the adoption of the measure it scouts the idea that foreign silver would ultimately die place gold in this country under a free silver coinage scheme such as that presented A close perusal of the dispatches mentioned will help materially to elucidate this very complicated issue A copious synopsis of ef the report to is given and as a the question to is likely to become an all engrossing one in congress and a matter for heated controversy all over the con country we give the full text of the bill itself so that persons interested te in the problem may follow the arguments on both sides intelligently the bill is as an follows the unit of value in the united states shall be the standard silver dollar as now coined consisting of grains standard silver or the gold dollar of and eight tenths grains standard gold the standard gold and silver coins of the united states shall be legal tender in p payment a out of all debts public and private 1 1 tim any holder of gold or silver gu bullion 1 fi 0 0 of f the he value of or more of standard fineness shall be entitled to have the same struck into any authorized standard coinage of the united states free of charge at the mints or the owner of the bullion may deposit the same at such mints and receive coin notes equal in amount to the coinage value of the bullion deposited and the bullion thereupon shall become the property of the government the coin not notes so issued shall be in denominations not less than 1 nor more than 1000 andavall and ahall shall be a ae legal 1 tender in like manner and invested w with rth the same monetary uses as the 0 standard gold or silver coins of the united states sec iseck 2 that after the passing of this act it shall hall not be lawful to issue or reissue gold or silver certificates or treasury notes provided for in the act of july 14 1890 entitled an act directing the purchase of silver bullion and the issue of treasury notes thereon and for other purposes purposes pur 11 that all such certificates and treasury notes when received in the treasury shall be cancelled and destroyed and coin notes provided for in the first section of this act shall be issued in lieu of the certificates and treasury notes so cancelled and destroyed provided that nothing herein shall be construed to change or modify or alter the legal character of such certificates or notes now issued sec 8 that the coin notes herein authorized zed may be reissued but the amount at any time outstanding shall not be greater or less than the value of the col coin n value held in the treasury that th the e said coin notes shall be redeemed in coin on demand at the treasury or any of the united states and the bullion deposited shall be coined as fast as may be necessary for such redemption see sec 4 that the bolder of full legal tender gold or silver coins of the united states to the amount of 10 or more may deposit the same at the treasury or any sub treasury of the united states and receive coin notes herein authorized seca that the act of july here in before cited be and the same is hereby repealed re baled sec gee 6 that as soon as aa france shall reopen her mints to the free and unrestricted coinage coin age of silver at her present ratio namely fifteen and one half pounds pound of silver tobe worth one pound of gold troy it shall be the duty of the president of the united states to immediately make public proclamation of the fact whereupon the said ratio shall be the legal ratio in the united states and thereafter the standard silver dollar shall consist of grains of standard silver a and n d the law relating to the standard silver d ollars dollars of grains standard silver shall be applicable to the new dollar of grains grain standard silver that the silver dollars of bf grains n 9 then in the ties treasury sury shall imme immediately Ira ay and as fast as practicable be coined into dollars of grains standard silver any gain or arising shall be accounted for and paid into the treasury see sec 7 that the secretary of the treasury is hereby authorized and required to make such rules and regulations as may be necessary to carry into effect the provisions of if I 1 this act it la Is evident that the free silver ad vacates are determined to bring the tb issue to a crisis it la Is confidently asserted seated that the bill will pass page the louse though there are serious doubts about the senate and yet it is imagined by many shrewd politicians that the bill may be shelved for an international bimetallic congress |
