Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1892-02-18
THE BLAND BILL.

Full Text of the Measure a. Reported ia
the House-It Provides For Unison With
France In Coinage.
WASHINGTON, Feb 10.-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 now coined, con-
sisting OF 412K grains standard silver, OF tho
gold dollar Of twenty-five and eight-tenths grains
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 &o0
or more OF standard hneness 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 the United States er the owner
OF the bullion may deposit the same AZ sucn
mtnts and receive therefor coin notes eQua 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
20 issued shall be In denominations not less
than 81 nor more than 81 co., and shall be a 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 II
shall not be lawful to issue or reissue gold or
silver certificates or treasury notes provided
for in the act OF July II, leo, 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
ury notes when received in the treasury shall
be cancelled and destroyed and coin notes pro-
V1ded 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,
6nodfy alter the legal character Of such
certificates or notes now issued.
Sec. g. That the coin notes herein authorized
may be reissued, but the amount at any time
outstanding shall not be greater or less than
the value of the coin and the bullion at certain
in he frpaG hat he "a cnl in
notes shall be redeemed in coin on demand at
che treasury any sub-treasury of the United
States, and the bullion deposited shall be coined
os fast as may be necessary for such redemp-
ton
Sec. T. That any holder of full legal tender
gold or silver coins of the United States to the
amount OF $40 or more may deposit the same at
the treasury or any sub-treasury OF the United
States and receive therefor coin notes herein
authorized
before cited, be, and the same is hereby, re-
pealed.
Sec. 6. That so soon as France shall reopen
her minis to the free and unrestricted coinage
OF silver, it shall be the duty of the president of
the United States to Immediately issue public
proclamation of that fact, whereupon the said
ratio shall be legal ratio in the United States,
and therefore the standard silver dollar shall
consist OF 400 grains of standard silver
0nd the law relating to the standard
silver dollar at 412N grains standard
silver shall be applicable to the new dollar of
400 grains standard silver. That the silver dol
lars of 4121s grains then in the treasury or
thereafter coming into the treasury shall i'm 8.
mediately and as fast as practicable be coined
into dollars of 400 grains standard silver Any
gain or seinorage arising therefrom shall be &C
counted for and paid into the treasury.
Sec. z. That the secretary Of the treasury is
Uereby authorized and required to make such
rules and regulations as may be necessary TO
Garry into effect the provisions Of this act.