The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1893-12-21
VOORHEES, NEW BILL.
He INTRODUCES A MEASURE TO
PURCHASE SILVER.
Full Text of II-A Bill tc Retire all
Gold and Paper Currency
Ten Dollars, Etc

WASHINGTON, Dec. 15.-Mr. Voor,
hees, chairman of the Finance Com
mittee, has introduced bill for the
coinage of silver dollars, the retire
ment of small denominations Of gold
i and paper money, and for other pur-
! poses. The following is it's text:
| Be it enacted, etc, that the selg-
noirage, or profit fund which has re-
/ suited from the coinage of silver bull
! lien under the acts OF February 2Sth,
! 1878, and July 18th, 1890, or which
/ would result from the coinage of such
bullion. shall be coiued into silver
! dollars Of standard weight and fine
| ness, with full legal tender quality, at
| the rate of not less than S2,000.000 per
month, and such dollars shall be COW
cred in the Treasury.
Section ?. That when all the seig-
nOirage, or profit fund OF the bullion
specified in the first section Of this
act, have been coined as the rein di-
rected, it shall be the duty of the Sec
retary of the Treasury to purchase
each month silver bullion, at the
market value, in quantities sufficient
to coin not less than two million dol
lars each and every month: and he is
iSTehy directed to coin the said bu,-
lion monthly, as fast as purchased in
to Standard silver dollars, and sum
sufficient to carry into effect the pro-
visions OF this act is hereby appropri-
ated out Of any money in the Treasury
not otherwise appropriated.
Section 3. That, when any paper
circulating notes, or certificates of
whatsoever character or denomination
less than te q dollars, issued under au-
thority of the United States, except
National bank notes or certificates
redeemable only in silver dollars,
shall be received at the treasury or
any sub treasury and they shall not be
reissued, but asserted, counted and
recorded, and imm ediately destroyed,
in accordance with the existing pro-
vision of law; and as rapidly as said
notes or certificates are destroyed
they shall be replaced by an equal
amount of like notes or certificates of
denominations OF not less than ten
dollars.
Section f. That hereafter no Ma
tiOnal bank note shall be issued Of
less denomination than ten dollars,
and all such National bank notes,
when received at the treasury or ary
sub-treasury, shall be destroy ed in ac
cordance with the law and the Ma
tional banking associations whose
notes are destroyed under the pro-
visions Of this act and shall be re-
spectively required to substitute notes
of denominations not less than ten
dollars in lieu to those destroyed.
Section 5. That from and after the
passage of this act the coinage CT The
two and one half dollar gold pieces
and the five dollar gold pieces is here
by prohibited, and the coins above
named shall not be struck or issued
by the mint of the United States; and
such coins, when received at the
Treasury or any sub-Treasury, shall
be withdrawn from circulation and
recoined into eagles and double eagles,
in accordance with law.
Section 6. The President Of the
United States is hereby authorized to
appoint five commissioners to an in
teFuational conference to be held at a
place to be hereafter designated, with
a view to secure internationally fiXi-
ty Of relative value between gold and
silver as money, by means OF d COM
mon ratio between these metals, with
free mihtage at such ratio; and for
compensation Of such commissioners
and for all reasonable expenses con-
nected Herewith, to be approved by
the Secretary Of State. including the
proportion TO be paid by the United
States Of the joint expenses of such
conference, 1000, or so much there
of as may be necessary, is hereby ap-
propriated out of any money in the
Treasury not otherwise appropriated.