The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-02-11
FOR FREE COINAGE.
Full Text Of the Bland Bill as Pre-
sentsd to the House.
OLD TREASURY NOTES DESTROYED.


Any Holder of Gold OF Silver of
Standard Finencss May Take His
Bullion to the Nearest Mint and
Il Have IL Converted Into Cash Free
of Charge.
WASHINGTON, Feb. 1.-THE full text
of the free coinage bill adopted by the
house committee on coinage, weights
and measures, and later presented to tho
house by MIR. Bland, is as follows:
The unit of value in the United States
shall be the standard silver dollar. as
now coined, consisting of 4l2 1-2 grains
standard silver or the gold dollar of
25 $40 grains standard gold that the
standard gold and silver coins of the
United States shall be legal tender in
payment of all debts, public and private.
Amy holder OF gold or silver bullion of
the value of 500 or more, of standard
fineness, shall be entitled to have the
same struck into any authorized stand
ard coins of the United States, free of
charge, at the mints of the United
States, or the owner of tho bullion may
deposit the same at such 1nintS and re-
ceive therefor coin notes equal in
amount to the coinage value of the bull
lion deposited, and the bullion thereupon
shall become the property of the govern
ment. The coin notes so issued shall be
in denominations not less than 81 nor
more than $40, and shall be legal
tender in like manner and invested with
the same monetary uses as the standard
gold and silver coins of the United
States.
Section 2-After the passage of this
net it shall not be lawful to issue or re-
issue gold or silver certificates or treas
ury notes provided for in the act of July
IA, 1890, entitled. 'An act directing the
purchase of silver bullion and the issue
of treasury notes thereon, and for other
purposes. All such certificates 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 is
sued in lieu thereof. Provided, that
nothing herein shall be construed to
change, modify or alter the legal tender
character of such certificates or notes
now Issued.
Section 3-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 coming value
an the treasury. The said coin notes
shall be redeemed in coin on demand at
the treasury on any sub-treasury of the
United States; and the bullion deposited
shall be coined ms fast as may be neces-
sary for such redemption.
Section Amy holder of full legal
$esder gold or silver coins of the United
States to the amount of $40 or more may
deposit the same at the treasury or any
sub-treasury of the United States, and
receive therefor coin notes herein au-
4horized.,
Section 5-The act of July ID, 1890,
hereinbefore cited, is hereby repealed.
Section $50 soon as France shall re-
open her mints to the free and unre-
stricted coinage of silver at her present
gatio, namely, fifteen and one-half
pounds of silver to be worth one pound
president of the United States to i'm
the fact, whereupon the said ratio
shall be the legal ratio in the United
Statee, and thereafter the standard
silver dollar shall consist of 412 ~
grains standard silver, and the laws re-
Al2 lie grains standard silver shall be
applicable to the new dollar of 400 grains
standard silver. That the silver dollars
of 412 1-2 grains then in the treasury or
thereafter coming into the treasury
shall Immediately and as fast as prac.
ticable be coined into dollars of 40C
grains standard silver. The gain arising
Sherefrom shall be accounted for and
paid into the treasury.
Section THE secretary of the treas.
ury is hereby authorized and required
to make such rules and regulations as
may be necessary to carry into effect
the provisions of this act.