The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1893-08-23
T. S. Frymire.

The bill arrived too late Tor publication
last week, but we have kept it quiet,
and that we may be able to make a
scoop" on all the other papers of the
United States, we are pleased to print it
in this issue, and thus be the first paper
in the whole broad land to lay it before
the people. Ii you head the News, you
must hustle.
THE NEW SILVER BILL.
Be it enacted by the Congress of the
United States of America assembled:
Sec. /. That the director of the mint,
with the approval of the Secretary of the
Treasury, be and they are hereby author
lied to purchase all gold and silver bull
lion and subsidiary coin offered at any
price, less the cost of transportation and
mintage. Without regard to the price
in any foreign nation.
Sec. 2. That said gold and silver bull
lion so purchased, and that now owned
by the government, shall be coined as
speedily as possible into the different
standard coins of the United States, at
the present ratio of to Is.
Sec. 3. For every dollar of gold and
silver so coined, the government shall
issue two dollars in greenbacks, mostly
in small denominations to supply the
place of national bank notes and worn
and mutilated notes of all kinds, and for
other purposes as necessity may demand;
that all legal tenders may be reduced as
soon as possible to only three kinds, viz,
gold, silver and greenbacks.
See. 4. All such issues of greenbacks
and all gold and silver so coined, based
as they are on the faith and wealth Of
the nation, shall be legal tender for all
debts, public and private, and inter
changeable one for the other at anytime
in any sum, not TO excede one hundred
dolls@s to any one; for the accommoda-
ton of business men and laborers.
Sec. 5. No gold or silver reserve shall
be held for any purpose, except, sufli-
cheney to meet the indebtedness and
general expenditures of the government.
Sec. 6. The Secretary OF the Treasury
shall pay out on all demands against the
government, gold, n er and greenbacks,
as nearly equal as possible to not make
any special discrimination for or against
any legal tender; except such govern
ment bonds pledged to be paid in coin.
All such bonds shall be paid one half in
gold and the other half in silver coins.
If bullion is preferred by the bond hold
er it shall be SO paid. The price OF the
bullion to be determined by it's mintage
value in the United States less the cost
of mintage.
Sec. T. All gold and silver bullion
purchased by the government shall be
paid for viz, gold bullion in gold coin,
or if preferred by the seller any part or
all in greenbacks. Silver bullion shall
be paid for in silver coin, or any part or
all in greenbacks at the sellers option.
Sec. s. The government shall not be
required to purchase any given amount
in any certain time, but shall purchase
anywhere any or all gold and silver bull
lion offered at any price, less the cost of
transportation and mintage. So that if
possible to keep the minis Of the govern
ment constantly employed at their full
capacity.
Sec 0. All laws and part, of laws in
conflict with the provisions OF this bill is
and are hereby repealed.
L. S, Frymire.
Preston, KY, August 10th, 1893.