Evening capital journal. (Salem, Or.) 1888-1893, 1892-02-11
rHE FREE co1NAaE BILL.

/ lir ACBOiAp ~ NNA7
templates the converting of all oui
silver money, silver certificates and
treasury notes ISSUED on bullion, and
gold certificates issued on gold,
into coin notes, redeemable
Ia coin, thus converting our
paper into a blmetaI paper, in.
stead Of keeping up the distinction
between gold and silver 10 our paper
issues. This conforms to the idea
Of coming both metals on an equal
W, gold and silver free. The coin
notes are redeemable in coin, and,
Of course, In whatever coin may be
most convenient for the government
to redeem them in. The depositors
Of gold and silver bullion have the
privilege Of waiting until their
bullion is coined aud having the
coin returned to them, or they may
deposit the bullion aud receive notes
at the coin value of the bullion de-
posted. The bullion then becomes
the property Of the government,
and Is coined as fast as may be nee
esa,ry for the redemption Of any
notes presented for redemption. II
obviates the coming Of all the
bullion at the time IL is deposited.
Tie people seem to be deslrous of
using paper money iDstead of coin
itself, 10 prefer paper to coin, and
for that reason coin notes may be
issued and bullion held for coinage,
to be coined only when necessary
for redeemlng notes. A man hold
ing coin note will not know
whether 1t is a gold note or a silver
note, for II he deposits gold bullion
or gold coin he gets coin note, and
II lie deposits silver bullion or silver
coin he gets the same kind Of note.
1t abOlishes the present distinction
between our coin notes. My bill
also differs from any other bill that
has been introduced, In providing
th It when France may resume the
free aud unlimited coinage Of silver
at her present ratio Of l5l to /, the
president will make proclamation
to the effect that that ratio shall
then be our lsgal ratio and our coin
:
shall conform TO II. IL Is claimed
that France will not resume free
coinage now, because the difference
between our ratio OF 10 to | would
cause all our silver to go to the
French mint, which would be em-
barrassing probably to France to
some extent, and very much TO our
selves. We wish to retain our
silver money as well as our gold
coin, hence there is very good
reason why our ratio and that Of
European countries should be the
same. AT any rate there can be no
pretext on the part of France for
longer refusing TO coin silver free be-
cause our ratio Is different from
hers. Personally / care little for
this, but there are good many
people who think we ought to have
a common ratio and l have no OBJ
lection 10 II, aud 1 consequently am
willing to conform to what seems to
be public sentiment"
CoLoRED MEN UNITE.
LITTLE Rock, Feb. II. = An
association for mutual protection
was formed here by the leading
colored men In this section aud
articles for Incorporation of a stock
company with $2, $4,000 were filed,
The association viii be national.
It's object Is tue establishment
aud operation Of business houses for
eolored people to be conducted by
members OF their race.
MISS MITcHELL's MARRIAGE.
PARIS, Feb. 1.-THE religious
marriage Of the Duke de LaRoche
foucauld and Miss Matte Mitchell,
daughter OF senator Mitchell, Of
Oregon, took place today at the
church Of ~. Clo.hllde, The church
was crowded with friends OF the two
families. Many army officers, menu
bers of the nobility and leading
Americans at present Ia Paris were
among The fashionable thrOng.
FREE WOOL
wAsnIHuYoE, Feb n, l,--There has
been substantial agreements by the
speclal wool committee of the Demo-
cratic majority of the ways aud
meaus committee on the PROVISIONS
Of tho wool bill. The changes made
la the bin drafted by springer are
not formally made up, hut very sub
stanllal reductions will he made la
the duties on wooden manufactures
by sprlnger's bill. The
IA valorem duties on WOODEN manu-
faotuNs OF all Kinds, including
cloths, dress goods, carpets, and all
Dlheg wooden articles imported uader
Ihe Mckinley law, and which rates
we've lefl unchanged by the Springer
bin, have been cut down wherever
IA excess Of 20 per cent., aud the
average duty prope ed by the neW
,lll on wooden soods Is ah''ul so pa
,cnL below the uniform rate ~ 40
,er cent nSed by ihe Mll bin.
Jnder agreement wool is nsa'ic fFee,
. proposed by sprinscr's blll an
COMPENSATORY duties ~ eounse, are
Akon on, ~ raw wool i made free.
Armbefs ~ the oomm'llvc ssy the