Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1876-07-29
AT LAST.

The Committee on Mines and Mining
brought the following bill before the
House last Tuesday: "A bill TO utilize
the product Of gold and silver mines and
for other purposes. Be 1t enacted,
etc.. that coin notes Of the denomination
Of atty dollars. and the multipIes thereof
up to ten thousand dollars may in the
mode hereinafter provided be paid by
the several Mints and Assay OHices at
San Francisco. Carson City. Philadelphia
and New York. for net value OF gold and
silver bullion deposited thereat, and the
bullion thus received not less than rs
per cent. 10 coin on fine bars shall at all
times be kept on hand for redemption OF
coin notes-eold for gold and silver for
silver. Gold deposited shall be COM
puted at it's coin value, and silver at the
rate OF 4l2.8 grains standard silver TO the
dollar. less lawful mint charges and such
charge for transportation from assay
offices to mints for coinage. and from the
latter to the Assistant Treasursrs respec.
lively 1t which the coin notes shall be
payable; and there shall be coined at the
mints OF the United States the silver dol.
lar hereinbsfore mentioned. Third
The Secretary shall from time to time
cause coin and fne mint bars stamped
to be transferred from the mint to the
Assistant Treasurers at San Francisco
and New York in such amounts as may
be necessary for redemption OF coin
notes. Fourth--Ths coin notes thus
issued shall be receivable without limit
for all duties Of the United States, and
the coin mentioned In this Act shall be
legal tender for all debts, public and pri-
vate. not specified to be paid in gold
coin. Fitth-Gold notes issued accord.
ing to this act shall be redeemed on pre-
sentation in gold coin or fine bars, and
silver in silver dollars or fine bars.
Sixth-Coin notes authorized by this
Act to be issued shall be prepared under
direction OF the Secretary of the Treas
ury, and be transferred to the above
named mints and assay offices as part
OF the bullion fund, aud from which
fund deposits shall be paid for In coin
or notes, at option OF the positors.
Ssvsnth-Eine gold and silver bars
herein authorized to be issued shall bear
the mint stamp OF fneness, weight and
value, and the value Of gold bars be
computed according to their coinage
rate. aud OF silver bars all their coming
value in dollars. The Secretary OF the
Treasury shall prescribe the necessary
regulations for carrying the foregoing
provisions into feet" 1t is brought w
for Congressional action under the au.
spices and through the influence of the
Democratic members. and will probably
pass the House. It makes little differ
ence what party measure is connected
with It. 1t 10 what has been needful and
should pass on its merits irrcspe ctive Of
Its political aspect and simply as mat
ter Of necessity. II is an admirably con.
structed bill. makes due provision fol
the double standard" about which &C
much has been said. and if passed vii
Restore the old silver dollar with un
limited legal tender power. 1t stand.
in pleasant contrast to the pitiable at
temp, at legislation now endorsed by tn.
Presidents signature which. if enforced
will necessarily work disastrously to this
Coast. It is to be hoped that the Sen
ate will. for once. sink party spite ane
concur with the House in sanotioninl
this bill.