New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-10
TWO NEW FINANCIAL MEASURES.
BOTH INTRODUCED BY SENATOR PHI B AS THE
RESULT OF CONFERENCES WITH
MR. ST. JOH>

MR.. ST. join.
Washington, Dec. 9.-Thc bill introduced IN the
senate today by Nj Plumb, relative T. N''''"" D"'"
deposits and silver coinage provides u bllei a.
follows:
That the compulsory requirement Of deposits OF
United States bonds with tire treasury bS, Nauohai
banks shall be lmIted amount To Ti'oOU '"i "N
S slaro I Ihrt IS %"J to "pP 10 tHed stt or
,hal! be !esued equal IN am'uh 70 we - SS FIJI
notes retired since I-52. and hereafter Icbcu, i't
tie present silver coinage law shall be aheNueq 30
TO direct the secretary II ne lIeasuY ~ puI -,
all silver bullion offered a. e hI and issue
c ceu - notes i N pnncn When price loI
siA months in eNces, 81 the above hgurY, purchases
r. +" Ic .iIIpcnded aud coinage is u be nee, tho
bullion owner being privileged to receiNe stindtIa
dollars Treasury notes at ~. own op na those
u, nsr are 10 he replaced with Treasury notes NhcD
the minis Of France Belgium ana ii"iy are op."'I
10 free silver coinage III ratio 81 - - ouH'c' 81
liver IA one ouucc Of gold, the President 10y PrJcId
nation shan prohibit 'n sollar receive cpoet Of
>lllr DuI ,i1er rhc COIN or Treasury notes there
Mo ncv dollar i, 20 contain 400 graI7 OF standard
~ "C h mil lrc,l tender ana they are to be-
r.,'tIlv fIutu 1900 100000 Is coined, when ID"
ronacc i, to hc continued at thc discretion oI Tue
ooo t,v r,roiuinc the present standard dollar aud
HeIIea'I IsnJ ~ the discretion of the secretary
he NAV also cause standard silver rlis 10 be pud IN
,cdenition Of United states Treasury notes, At tho
80 al ~ for 400 grains.
'"MT Plumb Introduced another BIZ by request Of
,r;i,ia,, y Il John president Of the Mercantile Va
NlIldnI u.l of NV ork a. an amendment in the
nature of substitute I" senator sherman Dlil 70 re
ErYE. ETC M II Johns bill proposes to permit Ma
;,I ,anls ~ maintain their charters on "a minimum
holding ia each OF $1,000 OF lh'ed state bond' ana
I,,1t ne secretary OF the Treasury 20 replace ;hc
National bank notes hereafter coming ~ ior cih'ca
go, l,,- +l. issue VI like Of ntcd states hotcS
oi uui.m II cedI tender functions lHeSc Hop,.y3o
note, arr ,o 70 be issued TO replace al god ocrLn
cate, ana silver certificates and other United Ntir-
1,e. couug into the Treasury, ~ iai hereafter INC
United states shall not issue more thah one k'i" ~,
nan-r money. For these unlimited tender Hotc inc
NOT r~- than 20 per cent of the EO-> amount 81 IN"
note, d, 10 be maintained DID gold Inc mint H' u,
,lvcI yIth the option allowed 10 oNucr~ o. bu"n IL
receive these new notes coinage NaluAioh lh ltu "i
coin and the preference Of t1e people "I Pnp,' II
j, relied upon t. insure tie exercise "l II1 'Fo'
a. ,qIIc 80 one - Ia command uucoin'd
gold or uucoincd silver from the InIil' HN-
cent al the secretary discretion IN" -" adam an'
non Of the European coinage ratio mHeaA'eII upon ~
Icopciug of Europc~ minis - silver. TIE SEQ ,'h.N -
devise a new silver dollar Of 900 grains ana recon-
tnc present silver dollars, ana h may I'm
all ME provision OF lass pertaining {" me pre-
cnt dollar viii then apply 4 once t. NE Pm
posed coin. The biz dlIcrr from nc nr', t'n
r, result II with Mr.. -. J"ln, ~ liAi
Mr. - John requires primarily 30 per cent reserve
Of gold and silver Tor the proposed unlimited I-'I
SccoIdins n Mr. St. John the immediate effect Of the
adoption Of Ms bill ~ whole viii joe a. 'H"",,,
Permit .iln being accorded the National DAMN. VIII
surrender over 10000 900 Of = per cent bona,
with. n O. period # one week IN" Treasury Paying 1hl
10 these ~uiI.ndcrinc banks nearly rbV0o0ol Coh ana
If tl,. d., Dds SD that Tie additional surplus ~
30 coo GOO can De offered forthwith fIr tenders 81
. urr cents. y more immed ate cn'ct would lr IT,
make available ~ once - money the Tl-o"l"p 10
u p 100000 hyOrth OF elvcr bullion w ac' inundated
i'm the Uui,ed states. n"-tl, IN New York and Stored
mcrhardisc ~ which thai much money Is 10"