The Lamar register., 1893-10-07
FAULKNER AMENDMENT.
A Clear Erposition of What /. Proposes
to Do.

Clear Exposition of What 1. Proposes
to DO.
The Faulkner proposed amendment To the
silver repeal bill has the merit Of being def.
nite proposition. II is not new idea In
finance, bat based on the successful working
of the French system. France, to-day, with
population OF only one-half that OF the
United States, and much inferior In her IN.
ternh commerce and business enterprise.
maintains without difficulty, aud at ratio OF
i5E To /, ESQ. .Oon 900 OF silver on full parity
with gold
The limit OF Senator Faulkners amend
uent, including subsidiary silver aud stand
ard dollars, Is $50, 10000 1t provides frat
Tor the coinage Of the bullion now In the
treasury. which, At IT. coinage value, would
amount to si7i Coz, 600, at the rate Of &, ,OOo,
900 per month, and authorizes the ase
al the market price Of bullion lsay - cents
per oun ee) Of l,550,o00 ounces per mouih.
Ihi. bullion ia not To be coined until after
the bullion now Ia the treasury is coined, ua.
less, In the o7lnlou Of the secretary OF The
treasury, the business demands Of the eoun.
try require lt, in which case he Is authorized
to coin li either into quarters, halves or stand
ard dollars. Bat after all the bullion nov In
the treasury Is coined. the a.. .endueni pro
vide, foe the coinage Of S9OoO, ,001 monthly OF
the sllycr purchased under the amendment
until the aggregate silver purchased under The
amendment, including Subsidiary coin and
standard doliars, shall aggregate ss0o, ,Ooo, 600.
The Au,oant Of silver bullion that souls be
ultimately purchased under this amendment
may Be brieay shown as follows We hAv,
nos az, ,ASa, 900 standard dollars, and 81.
@so,ooo OF sutsidiary coin, aggregatlag 1906,
$1,000, TO Which must he added the eoluags
value Of the silver bullion Ho- In the treas
ury. AmOuntiug 10 siTi i.O0o.Ooo, agcrcgatinl
t57o, 80, ,ooo, leaving $50, 10000 iess .ilve
collage than the requirements Of the amend
meat, or the p1rchA-e Of about 10000 o,Oe
ounces Of silver. which purchase would CT
iena orer period ot more than Eve years
The rciirrmcut Of the silver certificates and
treasury notes Issued Ia payment tUF the bul-
iion parohasei uader the act Of July II, ls90
aad HationAi haak note. under so. IL Is be
IlsyeI by senator FaalkaeF ARd those who
fATOr bis proposition, would no; oaly briug
The cntirc silver coinage iato active eIrcula
lion bat would also briag into active eireula
tion our e. 90 aad Is gold pieces.
Uudcr the other pruTisions Of the amend
meat st5s.yso .962 Ct silver certificates, repre-
.eailns silrcr coin ia the treasury and treas
ury Eotes paid for bullion, ~oGli be redeemed
Ia silver, leaving sdSa, ,l.o, Ts6 Of paper cur
reaey in circulation, for rhieh the govern
meat Is directly or Indirectly responsible.
The per capita Of silver In France to-day I
Fai. a. 4hile At the cod Of I've year., uudei
The p-uyt.fon. Of this amendment IL soulC
osiy es Aboai si2So In this eouniry. ouI
per capita Of gold coin Is only 90. q, aud it &
more ihaa probable that by the expiration o
the aTe year upoa which the silver per cap
liza D, Estimated the gold and silver per eap!ti
~iii Z. about equal, giving metallic basis o
erstit Of 81 CO... COZ. coo.