The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1892-02-16
THE new BLAND BILL SURE TODAY.
Eight Mem bers of the House Com mitt %
on Coinage Fully Resolved to Make
Report of the Free Silver Meas.
IRE and Urge Its Passage by
the House-Aiverse Ac-
tion b. Senator'S

ably reported to the house by the commit
tee on coinage, weights and measures.
The free coinage members of the commit
tee have determined that olly shall the
Bland bill be ordered favorabIy reported,
but that speedy consideration of this
measure shall be forced in the house.
The men who have de .idei 10 vote in
committee as unit for the Bland bill and
promptly vote down all amendments
offered by the opposition are Messrs.
Bland of Missouri. Pierce of Tennessee
Robertson of LouIsaia Kigore OF Texas,
Epes of Virginia and Williams Of OHIO,
Democrat; Bartine of Nevada. republi-
:au, ana Mckeignan of Nebraska, Farm
Srs' Alliance. Tne five in opposition Wi
thus be powerless.
Chairman Bland devoted yesterday to
Framing the favorable report which is 10
accompany his bill. and hopes 10 have it
completed in time TO admit of tue ball and
report beng presented TO the house to-
morrow and at once being placed Upon the
calendar.
The free coinage men ella N that of tn e
BE- members of the house they will have
zoo votes in favor of the Bland bill Ten
,r eleven of those. they say, will be Re-
publicans and the remainder will be Dem
ocrats. OF the opponents of free coinage
about forty will be from the Democratic
side.
The Bland bill as amended By himself
and as il will be reported To the house IS as
follows:
The unit of value in the United States
shall be the standard silver dollar as ow
coined, consisting of 4l3i5 grains stan.
Hard silver, or the gold dollar of twenty
i've and eighth-tenths grains stan
Hard gold; that the standard gold
and silver coins of the United
States shall be legal tender in pay
mcnt of all debts, public and private. Any
holder of gold or silver bull .on of the value
If 500 or more of standard fiueuess shall
be entitled to have the same struck into
any authorized standard coinage OF the
United States free of charge 1t the minis
of the United States or the owner Of the
bullion may deposit the same at
such minis and receive therefor
coin notes equal in amount TO the
coinage value of the bullion deposited and
the bullion shall become the properly o.
the government. The coin notes 81 issued
shall be in denominations not less than 81
DOR more than 81, 90. and shall b. a legal
tender in like manner and iuvesteI with
the same monetary uses as the standard
gold and silver coins of the United :,.ateS.
Sec ,. That after the passing a. this
act it shall not BE- lawful to issue or re-
issue gold or silver certificates or treasury
notes provided for in the act OF July A.
1880 entitled An act directing the purchase
Of silver bullion and the issue Of treasury
notes thereon aid for other parpopes.
That all such cert ficates and treasury
notes when received in the treasury shall
be cancelled and destroyed and Coih notes
provided for in the first section of this
act, shall be issued in lieu of the certificates
and treasury notes 50 cancelled and de-
stroyed, provided that nothing herein
shall be construed TO change. modify or
alter tine legal character of such certiti-
Gates or notes now issued.
Sec 3 That the coin notes herein au-
thorized 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 value held IN the
treasury: that the said coin notes shall be
redeemed in coin on demand al the treas
ury or any subtreasury Of the United
States, and the bullion deposited shall. be
coined as fast as may be necessary for
such redemption.
Sec 4. That any holder OF fu.l legal
tender gold or silver coins OF the United
States to the amount of 80 or more may
deposit the same at the treasury or any
subtreasury of the United States and re-
ceiye therefor coin notes herein authorized.
Sec ) That the act of July Il. 1890.
herein before cited, be, and tne same Is
hereby, repealed.
Sec q. TIat so soon as France shalt re-
open her minis TO the free and unre-
..a.H H..
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 thereafter the standard silver
dollar shall consist o: iOJ grains OF stand
ard siivey aud the law relating 10
the STANDARD silver dollars at 4l2;, grains
standard SILVER shall BE- applicable to the
new dnIIar Of 80, grains standard silver
That the siive- dollars of il2jS grains then
in the treasury or thereafter coming into
the treasury shall Immediately and as fast
as practicable be coined into dollars o. 400
grains standard silver. Any gain or SEM
orace arising thereirom shall be ac-
counted for and paid into the treasury
Sec. :. That the secretary Of the treas
ury is hereby authorized and required 10
make such rules and regulations a" may
be necessary to carry into effect tIo pro-
visions of this action.
THE bill introG uced By me and which
the majority of the committee will to-mor-
row order to be fayoraby reported said
Chairman Bland last night lis different
from all other bills introduced IL con-
templates the converting of all our silver
money, silver certificates and treasury
notes issued on bullion and gold certih-
Gates issued on gold into coin notes
redeemab!e in coin, thus converting
our paper into bimetal paper instead o.
keeping up the distinction between gold
and silver in our paper issues. This con-