The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1892-02-19
The BLAND BILL.
Full Text of the Measure as Reported to
the House-It Provides For Unison With
France in Coinage.

Full Text of the Measure as Reported to
the House-It Provides For Unison With
France in Coinage.
WASHINGTON, Feb Io-The Bland
bill as amended by Mr.. Bland himself
and as it was reported to the house is
as follows:
The unit Of value in the United States shall
be the standard silver dollar as now coined con-
sisting Of 4l25f grains standard silver or the
gold dollar OF twenty five and eighttenths grainA
standard gold: that the standard gold and silver
coins Of the United States shall be legal tender
IN payment Of all debts, public and private Any
holder Of gold silver bullion OF the value Of 500
or more Of standard fnenees shall be entitled TO
have the same struck into any authorized stand
ard coinage Of the United States free Of charge
at the minis Of ths United States or the owner
OF the bullion may deposit the same at such
mints and receive therefor coin notes equs In
amount 10 the coinage value OF the bullion de-
posted and the bullion thereupon shall become
the property OF the government The cSsu notes
30 issued shall be In denominati5Ils net less
than Il nor more than 81 coo, and shall be legal
tender IN like manner and invested with the
same monetary uses as the standard gold and
silver coins Of the United States.
Sec. That after the passing of this act IL
shall not be lawful to issue or reissue gold or
silver certificates or treasury notes provided
for in the act OF July H. lseJ. entitled, An act
directing the purchase OF silver bullion and the
issue OF treasury notes thereon and for other
purposes" That all such certificates and treas
u-y notes when received in the treasury shall
be Cancelled and destroyed and coin notes pro-
vided for in the first section Of this act shall be
issued in lieu OF the certificate and treasury
notes so Cancelled and destroyed: provided, that
nothing herein shall be construed TO change,
modify or alter the legal character Of such
certificates or notes now issued
Sec That tho cnfu notes herein authorized
may be refssued but the amount at any time
outstanding shall not be greater or less than
the value Of the coin and the bullion at certain
value held in the treasury; that the said coin
notes shall be redeemed in coin on demand at
the treasury or any sub-treasury Of the United
States, and the bullion deposited shall be coined
as fast as may be necessary for such redemp-
ton
Sec. 4. That any holder Of full legal tender
gold or silver coins OF the United States to the
amount Of SO or more may deposit the same at
the treasury or any sub-treasury OF the United
States and receive therefor coin notes herein
authorized
Sec 5 That the act Of July H. 1890. herein
before cited, be, and the same IS hereby, re-
pealed
Sec. {. That so soon as France shall reopen
Ter minis TO the free and unrestricted coinage
OF silver 1t shall be the duty Of the president Of
the United States 10 Immediately Issue public
proclamation Of that fact, whereupCn the said
ratio shall be legal ratio in the United States,
and therefore the standard silver dollar shall
consist Of 40 grains OF standard silver
and the Law relating 10 the standard
silver dollar at 4lsI. grains standard
silver shall be applicable to the new dollar Of
100 grains standard silver That the silver dol
lars Of 4i25s grains then in the treasury or
thereafter coming into the treasury shall i'm
uediately and as fast as practicable be coined
into dollars OF 400 grains standard silver. Any
gain or seinorage arising therefrCIn shall be &C
counted for and paid into the treasury.
Sec = That the secretary Of the treasury IS
hereby authorized and required to make such
rules and regulations as may be necessary 10
carrg into effect the provisions OF this act