Lewiston teller. [volume] (Lewiston, North Idaho) 1878-1900, 1892-02-04
A new FREE COINAGE BILL
introduced by Representative Bland, Of
Mississippi, Yesterday.
PROVIDES FOR ISSUE OF COIN NOTES
II Repeats the Silver Act Of 1890, and Pro.
Iides for 4 New Dollar When the
= French 1ints Are Rsopensd.

WASHINGTON, Jan. 3.-Representative
Bland, OF Missouri, chairman OF the
house committee On Coinage and meas.
ures, introduced in the house yesterday q
bill for the free coinage of gold and ill
yer, and for the issue Of coin notes. The
bill Is u substitute for the one he intro.
duced some time ago. lis text is ~ iol.
lows:
That the unit Of value in the United
States shall be the standard silver dolla,
as now coined. consisting Of 4l2bS grains
OF standard silver, or the gold dollar Of
258. 10 OF standard gold. That the stand
ard gold and silver coins of the United
States shall be legal tender in payment
OF all debts, public and private. ANY
holder Of gold, or silver bullion Of the
value Of 800 or more, OF standard fine
ness, shall he entailed to have the same
struck into any authorized standard coins
OF the United States, free Of charge, at
the minis Of the United States, or the
owner Of bullion may deposit the same
at euch mints and receive therefor coin
notes, equal IN amount to the coinage
value OF the bullion deposited, and the
bullion thereupon shall become the prop.
erty oil the government. That the coin
notes 80 issued shall be in denominations
not less than 81, nor more than $500, and
ehal be legal tender in like manner.
and invested with the same monetary
nse as the standard gold and silver COINS
of the United States"
''Sec. 2-That after the passage of
this act, it shall not he lawful to Issue or
re issue gold or silver certificates for the
treasury notes provided for in the act of
July IA, 1890. entitled AN act directing
the purchase OF silver bullion and this
iesus OF treasury notes thereon, aud
'ooher purposes. That all such certiti-
Gates and treasury notes, when received
In the treasury, shall be Cancelled and de-
stroyed, and coin notes, provided for in
the fret section Of this act, shall be is.
sued in lieu of the certificates and treas.
ury notes Nd cancelled and DESTROYED,
pro, ided that nothing herein shall be
construed to change, modify, or alter the
legal tender character of such certificates
or notes now issned."
'Sec. 3.--That the coin notes herein
authorized may be reissued, but that the
amount outstanding shall not be more
than the coin value held in the treasury.
That said coin notes shall be redeemed
in coin ON demand ut the treasury or any
subtreasury Of the United States, and
bullion deposited shall be coined as
fast ~ may he necessary for such redemp.
fion."
Sec 4.-That any holder OF legal
tender gold Or silver coins Of the United
Stat. 70 the amount OF $40 or more, may
deposit the same at the treasury, or any
subtreasury OF the United States, and
receive therefor this coin notes herein
authorized
"Se.,. 5-That the act Of July IA, 1890.
be and the came 10 hereby repealed"
Sec. 6 --That go aeon ~ France shall
reopen her minis to the free Unrestricted
coinage Of silver to her present ratio, Wig:
l5H pounds Of silver to be worth pound
OF gold troy, it will he the duty OF the
president to make an immmediate proc
lamstion Of that fact. wherpupon the
SAIL ratio shall be legal ratio in the
United states, and thereafter standard
silver dollars ehall consist Of 400 grains
OF standard silver. Silver dollars OF 4i2.
4 grains, then in the treasury, or there
alter c",ning into the treasury shall i'm.
medis,ely, and as fast "a practicable be
turned into dollars Of 400 grains of silver.
Any gain or seignorage arising there from,
shall 10 accounted for and paid into the
treasury"
"Section THAT the secretary of the
treasury ie hereby authorised to make
such regulations as may be necessary to
Carrying into effect the provisions of this
act."