The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1876-12-14
Gha!alltelL9eneet:
passage oi the silver Blll by the

-
Large msjprityI l67 to G2 and Nill nt
jopbt pass the Senate and probablS Be
come law. rr
The bill itself Is not given in our dis
0,tcbe,. bu, il Is to be found In the Con
s,..,iopsl record. OF last sessions Itwan
Introduced July l9th.last by Mr.. Bland,
If Missouri, and is as follows To titls
i,aA bill to utilize the products Of gold
and silver mines, aud fpr other purposes
Be i saas!.d, d., That coin notes Of The
,.nonipstion of $50, and mnltiples there.
oIup 10 $4,000, may, 10 the mode hese;,
matter provided, be paid by the .seyeral
mintS and assay OIlices at San Francisco,
Carson CITY, Philadelphia, and New York,
C"rtbS nct value Of the gold and silver
Ln,I,op deposited thereat; and Of the bul.
Iion thus receiy yed not less than75 percent
IN coin or fne bars shall at all times be
Ion. on hand for REDEEM ption the coin
noies. gold for gold, and silver for silver.
The uold deposited shall be computed at
;,sco;nipr value, and silver at the rate Of
aI9S grain, standard silver to the dollar,
lsss tbe lawful mint charges. and such
charge for transportation from ths sever:
Al a.sny Offices TO the minta for coinage,
and from the latter 10 the assistant treas
nries respectively at which the coin notes
shaII be payable; add there shall becpin.
al Al the 1linA Of the United States the
silver dollar hereiubetOre mentioned.
SEC. .. That for bullion deposited At
the luints Of San FRANCISCO and Carson,
,be coin notes sissued shall be redeemable
an demand at the assistant treasury d
San Francisco; and for bullion deposited
TI the Philadelphia mint and assay office
at New York, the notes shall be redeemed
a. the assistant treasury.
SEQ g. That, the Secretary Of The Treas-
ury shall, from time, 10 time, cause coin
and fne mint bars (stamped) to be trans
terred from the mint TO the assistant
treasures at San Francisco and New
York in such 'amounta a. may be mecca
n,y for the redemption of the coin notel.
SIC. a. That the coin notes Issued nm
der the provisions OF this act shall be
receivable without lilnit for all dues 10
the United States; and the coin mentioned
IN this act shall be legal tender for all
debts, public and private, notspecitiedt to
be paid in gold coin. .5ya-,f.t.
SEC. 8. That the goldcoin n otes Issued
under this act shall be redeemed, on pre-.
sen.ation, in gold coin or fine bars, and
silver insilvcr dollars or fne bars.i I. ],
SEC. Q That the coin notes authorized
by this act to be Issued shall be prepared
under the direction OF the Secretary OF
the Treasury, aud shall be transferred to
the mlnts aud assay otIices named ia this
&C, a. u part Of tie bullion fund, and
from which fund deposits shall be paid
for in coin or coin notes at the option Of
depositor.
sEc. Z. That the tine gold md silver
hlrA by this act authorized to be Issued
shall bear the mint stamp Of hneness,
weight and value, and the value Of the
gold bars shall be computed according TO
their coming rate and the silver BARS at
their coming value in dollars.
SIC. s. That the Secretary Of the
Treasury shall prescribe the necessary
reugIAtions for carrying into effect the
provision Of this act. s,n-
The Importance OF this bill will be
seen al once byInose who are copytrsant
With tie agitation Of the last year in
iavOr Of restoring silver 10 -ItS former
position az legal tender for public and
private debts. Itoatrs additional facil-.
tiles ior The early resumption Of specie
payments, owing 10 die fact thai the pie.
MUM on colo o likely to still farther
decline and dong With tthe price pf
government obligations lha.i ~ not
specifically payable in gold.
Silver is now relatively cheaper than
gold, owing to its great abundance in
this country and alao to its demoaetiza.
Iion In Germany. The silver dollars
coined under this bill, and which are to
become legal tenders to any amount, will
not be, a. was formerly the case, Of All
srains silver. but 4lo.s grains.
ry...- -:-;t.---,1 :: = -: =44S : stt-YfSSl
lte.election OF NIr. Garrett 10 the
Presidency OF the Baltimore q
Ohio Road.
The directors OF the B. 80, at their
meeting syesserdGy, UNANIMOUSLY p elect.
sdM. SArsttto the preiiileaes q dc
company. THAI The l9th eleO,foaof
Mr.. Garrett to this responsible position.
The fact tha. be was chosen unanimously
isan evidence that Notwithstanding the
crisis through which the road is passing,
aud notwithstanding the very decided dc.
cline thathaS taken place in the price Of
the stock, he s.ill cOmmspls theIcqnd!
dtnoOiot Observation-Disclosures. At allessnts
1t signifies, as Mr.. Lincoln once said, that
the directors have concluded that tho
nIddls Of the stream i. no place to
change horses. The thing 10 do Is to pull
through and gel out Of the water.
The recent report of Nc. Garrett was
not iaathiiilalse.lhs Y the ftesEbSllsrs
could have wished. Il showed declino
IN the net earnings Of 100000, or, in
other worls, from s5,O0o,OoO to $4,000
OOo. This includes The passenger earn;
iHg' for Centennial travel up to the SOih
oil September, the end OF the companyb
fiscal year.
The Baltimore aud Ohio is now en-.
s'Sed in solving . problem. 'rhi prob.
lem b >Nhsthes itean compel llbeAN
York Central to concede to Baltimore
her alleged advantages in point Of prox.
unity to the grain and produce markets
OF the West. Up to this time there is no
''sn OF Weariness on the part oi,the Cen
'fA'' She demands that all freight Tor
The ssabOard shall reach AElt SEGier at
The same rate, even L the distance to
New York is greater than to Baltimore.
sac says 'hc will haul it just as cheap as
iss Baltimore and Ohio, and thai New
York City 'hAll not forfeit her leading
position a' the great exporting port Of
the country. h
The price Of New York C.n,r.l stock