Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1892-02-20
BLAND Aap SILVER.

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Bland free coinage bill was iavorably
ported by the House Committee on
Coinage, Weights and Measures on the
10Th instant. and lis thought speedy
consideration OF the bill will be forced
in the House. The free coinage men
claim that OF the 332 members OF the
House they will have 200 votes in IA
vor OF the bill. Ten or eleven OF these,
they say, will be Republicans, and the
remainder Democrats. OF the oppo-
nents 10 free coinage about forty will
c.me from the Democratic side. The
Hill (Bland's) is substantially as fol
lows:
Section l. The unit of value in the
United States shall he the standard
silver dollar as now coined, OF 4i2a
grains OF standard silver, or the gold
dollar OF Is s grains Of standard gold;
the standard gold and silver coins of
the United States to be legal tender IN
payment Of all debts. Any holder OF
gold or silver bullion Of the value Of
500 or more, Of standard tineness,
shaii be entitled TO have the same
struck into any, authorized coins OF the
United States free Of charge, ut the
minis OF the United States, or he may
deposit the same ut such mints and
receive therefor coin notes equal In
amount TO the coinage value OF the
bullion deposited, and the bullion be
come the property OF the government.
The coin notes so issued shall be de-
nominations OF not less than 81 nor
more than $1,000. and be also legal
tender.
Sec. 3 After the passage OF this act
II shall not be lawful to Issue or reissue
the gold or silver certificates or treas
nry notes provided for in the act Of
July IA. 1890; MI such notes received
in the treasury shall be cancelled and
destroyed, and the coin notes provided
for in the first section issued in lieu
thereof. provided this shall not alter
the lega tender character Of such
notes now issued.
Sec 3. The coin notes herein au
thorized may be reissued, but tbs
amount ut any time outstanding rhal
not be greater or less than the value
Of The coin and hallion at the coming
value, held in treasury, said notes !,
be redeemed in coin on demand At III,
treasury, or sub-treasury, and the bull
lion deposited shall be coined as ias
~ necessary for such redemption.
Sec. 4. Any holder Of full legal ten
der gold or silver coin in the Unite,
States 10 thu amount Of $40 or NOR
may deposit the same ~ The treasur.
cr any sub-treasury and receive there
for the coin mites herein authorized.
Sec .. The act of July Ia, 1890. !
repealed.
Sec. 9. As soon % France shall re
open her minis TO the free and unre
stricted coinage Of silver nj her pres
ent ratio OF fifteen and one-half pound
nj silver to be worth one pound q
gold. troy. IL shall be The duty of th
President vi the United States 10 mai
public proclamation III that fact
whereupon said ratio shall be the lega
ratio 81 the United States. and her,
after the standard silver dollar sha
consist of 400 grains af standard silver
and the standard silver dollars Of Al
IL grains, in the treasury, ar comm
in hereafter. shall he COINED A. fact a
practicable into dollars of 400 grains
amy gains arising ,herefr.m 10 nc
counted for into the treasury.
Mr.. Bland says that the bill
different from all others introduced j
one p,rticnlar-it contempla,es III
converting of NIL our silver money, Vi
yer certificates and treasury notes il
sued on bullion, and gold certificate
Issued on gold, into coin notes redeem
able in coin, thus converting our papt
into bimetal paper. instead OF keel
Ing up the destinctinn between gu
and silver in our piper issues. Til
confirms TO the idea of ceining bat
metals an an equality, gold md silv.
free. His bill al-o differs from Other
in the provision about France.
I'll Is claimed" said Mr.. Bland, "ihs
France will uot resume free coinap
nuw, because Tie difference hetw-,.
anr ratio OF sixteen IN one and IL
French ratio II fifteen and hall
me would cause NIL nnr silver to ga
the French mint. There can no hong.
he pretext on The part OF France
coin silver free. because our ratio
different. Personally. care little I,
this. but there are many people VIII
think that We ought 10 have con
mon ratio. and have ne ehjectio
10 IT,"
Hossa snaciai In the Salt Lake Trtl