The times. [volume] (Richmond, Va.) 1890-1903, 1893-07-25
THE FTSANCIAL QUESTION.
Representative Halls Proposition TO set,L,
the Present DificuIty.

Representative o. ". Hall. Of Nina.
sofa, has proposed the following sotu,.
ment OF the financial question:
First-The Sherman sllver-rurch,.,
law 10 be Immediately and unconditlor.f
| ~ repealed. No more silver certlncat.s
! greentacks Treasury notes or gold c.r.
! tlhcates TO be issued, and as fast as ft.
same come into the Treasury they ara
20 be CO nccled.
Second-There shall be forthwith ISSUED
national currency notes" OF denor,ir.
lions OF $ and upward. to an amount
not exceeding the outstanding paper mon.
ey aforesaid, viz, $s96 200. 900 These no,s,
snail be legal tender, and receivaf.
by the Government FOR all dues exeer,
customs. they shall be paid out IN plaza
OF the said paper money which NAV c.-,<
INTO the Treasury, and in exchange N,
ana redemption OF the same kind q,
money.
Such notes may also be issued I'm me.
certificates. A"4
Whenever the accumulated gold t, o..
Treasury shall bee equal 90 one-fb'rt =,
the amount OF the currency notes Ia 4,
sted as Aforesaid, there shall thlr..ff-.
De Issued FOR each additional dollar -
sold which may come into the Treasrrv
three dollars Of such Treasury notes th.
same 70 be paid out for the EXPENSE ID,
the Government and I'm the purchase u,
redemption Of outstanding bonds.
Ihlrd-All customs duties shall hers
after be paid In gold or gold certl0oatss
But after the amount or accumulated ia
III the treasury exclusive OF gold c3y.
cred by outstanding certldcates SHAH
De equal 10 One-third Of the amount i,
the currency notes SO issued In place =
the paper money as above provided me
secretary OF the Treasury may. ln Dbl,
discretion, accept in whole or IN port
payment Of such duties, the curr'n,v
notes herein provided for.
Fourth-After the conversion OF GA.
present paper money OF the United gfats.
into such currency certificates afor.ssf
the total amount Of such notes and ra.
demption bonds herein provided f8r QUO.
standing shall never at any time exceed
the proportion OF three dollars n notes
and bonds 10 one dollar in gold th,n in
the Treasury. Nor shall .hc total amount
OF such notes and bombs ever at any one
time exceed the proportion of fh.1y-nye
dollars for each inhabltlnt of tha Uuf-l
states, as ascertained By the latest United
State census
Fifth-Such currency notes shall. whom
presented In sums Of fifty dollars ana
tlefeOf, De rrirDfuINIH either
In gold coin or In the redemption bonds
herein provided for az Jhe option of the
Secretary Of the Treasury.
Sixth-For the purpose of the rtdcmn.
ton of said notes 'pere shall he isrei
the redemption bonds az ihe UurI
states Of denominations az so ard muf.-
o.es thereof bearing semi-annuai interest
II the rate OF per cent. per arnum. and
It all times redeemabio az the option q
he holder, I'm said national currency notes,
" payable. al the option OF the Secretary,
a gold coin within forty years from their
ate
Seyenth-For the purpose OF obtaining
old Cor the redemption OF such bonds at
Maturity. should there not be sufficient
old then I'm the Treasury Tor that Iur-
ose, the Secretary is authorized t0 pure
base gold bonds 10 be issued. bearing
interest at not more than per cent.
nd payable in ten 20 forty wears from
ate.
Eiehth-All silver dollars now or nere-
fter coined shall be a legal tender 1
mounts not 10 exceed $40. and n0 more.
nd the silver bullion now owned hy tls
Oyernment shall be coined into dollars
nd subsidiary coins as fast as required
y the business needs OF the country
Ninth-Such currency notes may he hell
5 legal reserve by national banks. ana
ltIonal bank notes may be- redeemed in
lie same. But no more national banks
lall be chartered, and the lp ger cent
* on State bank circulation shall re-
ain in force.