The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1892-03-26
Free Coinage.

Following is the full teXt-of the bill before
the House of Representatives, this week,
commonly known as the Free Silver Bill.
Be il euaefed By The Senate and House of
REPRESENTATIVES Of the United States Of liner
tca IN Congress assembled, That the unit Of
value IN the United States shall be TIE
standard silver dollar as now coined. con
sisting Of Il2l grains standard silver, or the
gold dollar OF 25.S grains standard gold that
the standard gold and silver coins OF the Uni
ted States shal! be legal tender in payment Of
all debts, public and private. Any holder Of
gold or silver bullion Of the value of 500 or
,tr,yr-, OF zt7rrysrJ rir,zrss, shall he vusitei
have the same struck into amy authorized stan
dard c0ius ofthe [ nited States, free Of charge
themints of the United States, or the owner at
of the bullion may deposit the same at such
minis and receive therefor coin notes equal
ia amount 10 the coinage value of the bullion
deposited. aud the bullion thereupon shall
become the property of the Government.
That the coin notes so issued shall be in de
nominations not less than 81 nor more than
$500, and shalt be legal tender in like manner
and invested with the same monetary uses as
the standard gold and silver coins Of the Uni.
ted States.
SEC. ,. That after the passage OF this act it
shall not be lawful to issue or reissue gold or
silver certificates or Treasury notes provided
for in the aet Of July II, 1880 entitled AN
act directing the purchase Of silver bullion
and the issue OF Treasury notes thereon, aud
for other purposes That all such certificates
and Treasury notes when received IN the Treas
ury shall be cancelled and destroyed and coin
notes provided for in the first section of this
act shall be issued in lieu of the certificates
and Treasury notes so cancelled and destroy
ed. E,Oriicd That nothing herein shall be
construed to change, modify, or alter the le-
gal tender character Of such certificates or
notes now issued.
SEC. 3. That the coin notes herein author
lied 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
coming value held in the Treasury.
That the said coin notes shall be redeemed
in coin on demand at the Treasury or any
subtreasury of the United States; and the bull
lion deposited shall be coined as fast as may
be necessary for such redemption.
SEE. t. That any holder of full iegal-teuder
gold or silver coins OF the United States, to
the amount OF $40 or more, may deposit the
same at the Treasury or any subtreasury OF
the United States and receive therefor com
notes herein authorized.
SEC. ). That the act Of July II, 1890,
hereiubefore cited. be, and the same is here
. ny ANINtltfN'
SEC. 6. That so soon as France shall reopen
her minis to the free and unrestricted coinage
of silver NJ her present ratio, namely, 10y
pounds of silver to be worth | pound OF gold,
troy, it shall be the duty of the President OF
of the United States to Immediately make
public proclamation OF that fact, whereupou
the said ratio shall be the legal ratio in the
/ United States, and thereafter the standard
silver dollar shall consist of 400 grain Of stan
dard silver, and the laws relating to the stan.
dard silver dollars OF 4l24 grains standard
silver shall be applicable to the new dollar
/ of 400 grains standard silver That the silver
dollars Of 4l24 grains then in the Treasury OF
/ thereafter coming into the Treasury shaft i'm,
mediately and as fast as practicable be coined
I into dollars OF 400 grains standard silver.
! Any gain or seiguiorage arising therelrom
shall he accounted for and paid into the
/ Treasury.
SEC. / That the Secretary of Treasury IS
( hereby authorized and required TO make such
4 rules and regulations as may be necessary TO
carry into effect the provisions Of this act,