Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1892-03-31
Free Coinage.

Following is the full text Of the bill before
the House Of Representatives., commonly
monty known rs the Free Silver Bill.
Be enacted By tho Senate and Rox~ Of
Representative of the United States Of America
in Congress assembled, That the unit OF value
in the United St les shall be the standard
silver dollar as now coined, consisting Of 4l2}
grains standard silver, or the gold dollar Of
IS 8 grains standard gold: that the standard
gold and silver coins Of the United States
shall DO legal tender in payment of all debts.
public and private. Any holder Of gold or
silver bullion of the value Of 500 or more,
of standard tineness, shall be entitled 10 have
the ssne struck into my authorized standard
COINS OF the United States, free Of charge at
any of the minis of the United States, or the
owner of the bullion may deposit the same
at such minis and receive therefore coin notes
equal in amount to the coinage value Of the
bullion deposited, and the bullion thereupon
shall become the property Of the Govern
mcnt. That the coin notes so Issued shall
be in denominations not less than 81 nor
more than $500, and shall lie legal tender In
like manner and invested with ME same
monetary uses as the standard gold and sill.
yer coins Of the United States.
SEC 9. That after the passage of this act
it shall not be lawful 10 issue or reissue gold
or silver certificates or Treasury notes pro-
vided for in the act Of July IA. 1890, entitled
AN act directing the purchase of silver bull
lion aud the issue of Treasury notes thereon,
and for other purposes" That all such GER
t,fica,es and Treasury notes when received
in the Treasury shall be cancelled and de-
stroyed and coin notes provided for IN the
first section of this act shall be issued in lieu
of the certificates and Treasury notes so Gun.
celled and destroyed: Provided, That moth.
ing herein shall be construed to change.
modify, or alter the legal.tender character OF
such certificates or notes now issued.
Sec 3. That the coin notes herein au-
thorzed may be reissued, but the amount at
any time outstanding shall not be greater or
less than the value Of the coin and the buy
lion at coming value held In the Treasury.
That the said corn notes shall be redeemed
in coin on demand at the Treasury or any
sub.reasury Of the United States and the
bullion deposited shall be coined as fast as
may be necessary for such redemption.
SIC. t. That any holder Of full legatten.
der gold or silver coins Of the United States,
to the amount Of $40 or more. may deposit
the same at the Treasury or any subtrcasury
OF the United States and receive therefor coin
notes herein authorized.
SEC 5. That the act Of July IA, 1890.
hereinbefore cited, be, and tho sane Is here
by, repealed.
SEC 6. That 81 soon IS France shall re-.
open her minis to the free and unrestricted
coinage of silver at her present ratio, namely
Isl pounds of silver to be worth one pound
of gold, troy. it shall be the duty of the Pres.
ident of the United States to immediately
make public proclamation Of that fact
whereupon the said ratio shall be the legal
ratio In the United States and thereafter the
standard silver dollar shall consist Of 400
grains of standard, and the laws relating to
the standard silver dollars of 4l2a grains
standard silver shall be applicable to the
new dollar Of 400 grains standard silver
That the silver dollars of 412i grams then In
the Treasury or thereafter coming into the
Treasury shall Immediately and Rs fast as
practicable be coined into dollars Of 40C
grams standard silver. Any gain or seign
forage arising therefrom shall be accounted
for and paid into the treasury.
Sci I. That the Secretary Of the Treasury
is hereby authorized and required to make
such rules add regulations as may be nece.
sary to carry into effect the PROVISIONS o.
this act.
(XexnxIHskianal LaenLs "a HuG sAndl