The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-02-12
THE BLAND SILVER BILL.

Following is the full text of the silver
bill agreed upon by majority of the
coinage committee of the house and
favorably reported to that body. The
bill is as amended by Chairman Bland,
its author, and since it promises to afford
basis for long and fierce contest it
may be well to preserve it for future
reference:
The unit of value in the United States
shall be the standard silver dollar as now
coined, consisting OF 1925 grains standard
and eight-tenths grains of standard gold;
that the standard gold and silver coins of
the United States shall be legal tender
in payment of ali debts, public and private.
Any 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 standard coins of
the United States free of charge at
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
thereupon shall become the property of
the government; that the coin notes SO is
sued shall be in denominations not less
IMAM 81 nOt lltIC lIdu Si,OUO dutl SiltiIi NC
a legal tender in like manner and invested
with the same monetary uses as the stand
ard gold and silver coins Of the United
States.
TO ISSUE com NOTES
Sec. ? That after the passage Of this
act it shall not be lawful to issue or reis-
sue gold or silver certificates or treasury
notes provided for in the act of July Il,
1890, entitled IAN act directing the pur-
chase 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 treasury 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 de
stroyed; provided, that nothing herein
shall be construed to change. modify or
alter the legal-tender character Of such
certificates or notes now issued.
sec. 5. That the coin notes herein au-
thorized may be reissued, but the amount
ut any time outstanding shall not be
greater or Jess than the value of the coin
aud 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 sub-treasuTy OF the
[ nited States and the bullion deposited
snail " NC'uC~ SS 4t2-N a. iAiH1
be necessary for such redemption.
Sec. T. That any holder OF full legal
tender 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 re
ceive therefor coin notes herein authorized.
Sec. :. That the acs of July "A. 1899,
hereinbefore cited, be and the same Is
hereby repealed.
TO CHANGE The RATIO.
Sec. s. That so soon As France shall re-
open her minis TO the free and unrestricted
coinage of silver a. her present ratio
namely. fifteen and one half pounds Of
silver 70 DE worth one pound Ct gold. troy
1T shall be the duty OF the president Of
the [ nitsd States 10 immediately make
public proclamation Of thai fact, where
upon the said ratio shall be the legal ratio
IA the ulted States and therefore tile
standard silver dollar shall consist
Of 400 grains Of standard silver. ana
The law relating To the standard silver
dollars Of slSA grains standard silver SL8ll
De applicable Il TIE new dollar &c 40
grains standard silver lLst tae silver
dollar OF 4l.-. grains then IN the treasury
oE thereafter coming into the treasury
SHAH in4u4edi aIe.y aud - last AZ practice
ule ue coined lnto dollars OF 4J.l grams
standard silver Amy gran or >-iSUI1g-
41- arising rhereITam shall ne accounted
iot ld paid luto she treasury.
sc Iaat The secretary Of treasury :
hereby authorized anu required Is make
sacA rules and regulations ~ may be aec-
essary 10 carry into eivcl tEs provisions u
this act.