Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1892-02-13
The BLAND BILL.

Full Text OF the Measure NJ Reported to
the HOcse-lt Provides For Unison With
France In Coinage.
WAsHINaToN, Feb 10-The Bland
bill as amended by Mr.. Bland himself
and rs it was reported to the house Is
as follows:
The unit OF value IN the United States shall
be the standard silver dollar az now coined con-
sisting OF ti9X grains standard silver. or tho
gold dollar OF twenty Ave and eighttenths grains
standard gold that the standard gold and silver
coins OF tire 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 eOO
or more OF standard tineness shall be entitled TO
have the same struck into any authorized stand
urd coinage OF the United States free OF charge
at tho minis OF the United States or the owner
OF the bullion may deposit the same NJ such
minis and receive therefor coin notes equal IN
amount to the coinage value OF the bullion de-
posted and the bullion thereupon shall become
the property OF the government. The coin notes
no issued shall be in denominations not less
than u nor more than 81 900, and shall be legal
tender In like manner and invested with the
same monetary uses rs the standard gold and
silver coins OF the United States.
Sec . That after the passing OF this net h
shall not be lawful TO issue or reissue gold or
silver certificates or treasury notes provided
for In the net Of July II, leeJ entitled, An net
directing the purchase Of silver bullion ana tho
issue OF treasury notes thereon and Tor 0tner
purposes" That all such certificates and treas
ury notes when received in the treasury shall
be Cancelled aud 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 utter the legal character OF such
certificates or notes now issued.
Sec B. That the coin notes herein authorized
may be reissued. but the amount NJ any time
outstanding shall not be greater or less than
the value Of the coin and the bullion ut certain
value held In the treasury; that the said cola
notes shall be redeemed in coin on demand Mt
the treasury or any sub-treasury OF the United
States, and the bullion deposited shall be coined
rs fast rs may be necessary for such redemp-
ton.
Sec l. That any holder OF full legal tender
gold or silver coins OF tho United States 70 the
amount OF $40 or more may deposit the same 1T
the treasury or any sub-treasury OF the United
States and receive therefor coin notes herein
authorized.
Sec. 5. That the act OF July II, 1890 herein
before cited, be, and the same Is hereby, re-
realed.
Sec. o. That so soon rs France snail reopen
her mints TO the free and unrestricted coinage
OF silver IL shall be the duty OF the president OF
the United States to Immediately issue public
proclamation OF that fact, whereupon tho said
ratio shall he legal ratio in the United States,
and therefore the standard silver dollar shall
consist OF 4OO grains Of standard silver
and the law relating to the standard
silver dollar ut 4l2i. grains standard
silver shall be applicable to the new dollar OF
400 grains standard silver That the silver dol
lars Of 4l2S grains then In the treasury OF
thereafter coming into the treasury shall i'm
mediately and rs fast Us practicable be coined
into dollars Of i0) grains standard silver. Any
gain or seinorage arising therefrom shall be ac'
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 TO
carry into effect the provisions OF this act.