| Show COINAGE IN JAUNT government MOVING port FOR SINGLE STANDARD A propone n natio of 0 32 to 1 ur to 0 o y be used only ail afi subsidiary coins anil and in gold on demand washington Washing toil march 29 20 the see t enry iry of t the li e t treasury r e as u r y is 1 in n receipt of 0 in formation 0 m i 0 n f from r 0 m t the li c U united ni t ed states tain min to the effect that during the present session of 0 the jap anece abebe diet a government coinage bill 1111 will be presented for th tho con iteration of that body which will it if pamels passed change the standard of value in janan from silver filver to gold it is proposed propos eil to fix tile government parity of or ratio bet bettt een the two metals at 32 to 1 the unit of val value L will be i gold yen which will be one halt half the alie weight it and value of tile thy old japanese gold yen which i n of tile same name weight a and ad fineness as the told gold dollar of the united states th proposed unit ot of value X will vill therefore bethe be alie exact equivalent of 50 centhia cents in the united states and approximately if at the same bame value is as the present unit of value in japan the silver yen iveing it the current rate of exchange worth about out 31 51 cents in united money tt it is proposed that tile the smallest coin minted shall he be a five fur lher coinage ot of silver will be limited to subsidiary coins th the c I 1 silver yen no now in circulation will be maintained at a harwith par with the sold gold yen the government licin bainy r prepared to redeem thern in gold whenever called upon to boso doso do so |
