New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-01-24
MIR. BLAINE'S SILVER BILL.
II Is \ SURPRISE TO SENATOR'S AND Is Much
TALKED ABOUT.
IBY TELEGRAPH TO TIE rRmUSEl

TALKED ABOUT.
lBY TELEGRAPH TO THE TRmUYEl
WASHINGTON. Jan. Ex-senator Blaine seems TO
delight in surprises. and he gave his friends another
to-day by introducing "A silver BILL The position he
holds on this question il still more surprsingSs he
has recently been counted among the radical adyo-
Gates Of the double standard. The bill, which is
understood 70 have been drawn after consultation
with those who believe in bi-metallic money. aud to
represent their views, proposes an eQuaod value be-
tween the gold dollar and the silver dollar.
Mr. Blaine in conversation does not hesitate TO ex-
press his opinion that the United States cannot
afford To maintain single gold standard; that this
country is large producer of slycrand ought touti
zc the metal in its currency, and that to attempt to
get along with gold standard will be foowed,frst,
by a dangerous depression in values, and next bys
still more dangerous initiation OF values on account
of wild rush for unlimited paper issues, which
would certainly take place. He thinks the whole
controversy can he settled now on firm basis. 50
that il will not he disturbed again for generations
very important feature of Mr.. Baine's blll
the fourth section where he provides that coin GER
tifcates may be issued from the Treasury for god
and silver bullion in stamped bars deposited
therein These certificates he thinks wilkremovem
great degree the d1icalty and Inconvenience 80
often urged against the use of silver as money ana
under the operation of the section, If il becomes
law would cause more bullion TO go TO the Treasury
for certificates than to the Mint for actual coinage
Mr. Blainc's bill was much talked about among
Senators. although il was not publicly read III the
Senate. 1t is animated that the Senator intends 70
make speech on the silver question before the 'o,e
is taken on the Finance Committees bill. The ior
lowing is "A copy OF the bill:
bin to authorize the coinage OF silver dollars or ci
culatiOn and TO make the same a leSa-leh1ei '
Tor other purposes =
BE Renacied etc. That silver bullion may he delSs
lied at any coinage mint az the ASSAY Om,e ~ '
civ New York, fur returns IN SILVER dollars OK
grains standard silver such rate price per siahuI w
ounce OF bullion may trOm time 10 time Dc NV"
inc Director OF the Mint with the approval IN WITHIN
the Secretary OF the Treasury and hch iate ss" rd
respond exactly ~ possible with the al het
buon thus placed shall, in addition 10 other
coinage authorized by existing law, be eoInSu "'"
delay to the full capacity OF the minis A. 49,. eo,o-
SEC THAT any gam or piOh arising iIv'n "y I,w.d
ac of silver dollars that after the payment OF ssi
wasage, he covered into the Treasury OF the WV"
states at the close OF each fiscal year. ,, ~ 10
SEC 3-rhe silver dollar herein authorkon -, S,,,
coined shall be lcgal-tender rs by existing law u
mon with gold coin Tor all sums up 10 ana hcuuns IA
and for all exceeding - the debtor SHAH LAW he
right to tender IN full payment. and the erediU' md
right to demand one-halt tue amount III gou 0''"'
One-half in silver dollars. ,..xine
SIC l-Fne STANDARD gold and silver bars nsa s *
coinage mint, or the Assay
of the United States at New York, Tor thei' s,,ssK
ynue, which shall he their coinage rate resPc.ha A.
and certificates shall be issued therefor p
sstant Treasurer In the same manner as com sed
shall be redeemed by the Secretary OF the
demand at the Office Of the Assistant A
York IN coin or stamped bars OF the bullion depos
/ his option