Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-21

10 any bank under the fret section oi
this act shell bc uniform IN nll respects
With the notes heretofore Issued to the
samo bank aud may be counted as pari
Of the lawful reserve which the Jaw
requires national banks 10 hold aud
snii additional notes shall bu receive
able the same MS is provided hy law
for the notes heretofore Issued, and
when received by tie treasury shall be
tc.ifsucd the same as BE- now provided
by law Tor United States n1ies.
Bailey said his proposition would
incfun.e the circulation over ~ 100000
directly and would Indirectly add over
$1,000, 900 more by releasing the sums
held la the tfcgnuty i1r redemption
purposes, making total increase Ut
more than S5O,0Ol,OJ0. Btridcs thia,
II would cave tho taxpayers Of the
country over sj,OOO,uUJ In annual
interest.
"My bill will also utilize all tho
bullion now in the treasury, except
what h necessary To redeem the 0les
Issued under this ShoTmAu act. The
surplus is something like sixty million
dDiiuff, which will constitute a Coiu
resrfvo fund OF about ibu same pro.
position as now held Tor tho rodemp.
don Of grtcnhacbs."
ooNCRrm PROGRAM,
VOORHEES, 10 down form rrccch Tues.
day on the bill which bcafs his name.
The outlook for tue week l. one OF
much talk but little achievement.
The debate In The House this week
viii be lively aud Interesting. Among
the speakers there will he Brtckcu.
ridge ul Kentucky, Fuiluwg, Byuum,
BlutkC, Cochran, Wilson Of West Viz.
ginia and Ycrhaps uN.Spcuker Reed.
some time 2arly in the week, Ter-
rhps tomorrow, Speaker Cnsp Will
announce ihs committees OF the House.
WHAT a CHANGED RATIO WOULD
CJ5E
Senator voorhees, during his speech
on the financial question In the Senate
TUESDAY next, viii read the following
letter from Secretary Carlisle 90 show
tho difficulties Ia the way Of the ifCC
coinage Of silver al changed ratio:
Hon. Daniel W. Voorhepa, United
States SENATE:
Sir-Teiutriug TO cur conversation
relative 10 the probable C0tt incident Go
change from the present cDiuiug
ratio between gold amt silver Oh 10
10 Tor standard silver dollars aud 10
| iO5 for subsidiary silver 10 ratio Of
| TO 20, you nfe fcs specially Informed
that the number OF silver dulIaIs
oIined since 1878 aggregate $40, 49,, $50.
! without any allowance Tor EbuslUu
and loss incidUgt 10 melting the Haml
the coming yaltu Of ihgsu dollars nt h
ratio Of 10 20 would be- 1888, 2l2 l62
Or ssi,liO,2-s loss than lnUir present
face value.
70 roeoin these d0llrs % ratio Of
10 20 w0uli require iu addition 81, 3jT.
7OJ ounces OF new bullion, whiCh,n at the
average price paid flr silver under the
act ot july II, 1850, OBJ, crnif,would cost
SI5, s53,7OO.
Ia addition 10 this estimate there
would be- loss from abrasion aud IN
melting these dllinfH " 30 least $1,000, q.
900, which amount, tgguihor Win the
difference In tho face value VI the
coins (s5i, llu,25sl would have 10 be
reimbursed 30 the treasury by an up.
Precipitation lot that purpgFD. From the
| fact that the silver dollars are die.
| tutuiui throughout the county, II
would be necessary, AZ they are re-.
/ deemed NJ the several Hubtrgasurius, 10
transport them % the mini,and the *.
penso Of transportation Tor 100000,
/ 900, the amount Oi outside stock on
/ hand at the subttoa6uflrs and minle AT
Philadelphia, san FranciscO AMI New
Orleans, would average Ut least I rel
cent, or s4.50O,GO0.
Therefore, the estimate Of the cost OF
rocoining the silver dollars already
coined il rs follows
New bullion 10 be addcd,.,.,... ..9lf SO ZOO Cd
io.s BY abrasion and moluug......... a,QUIuu0 o,
Cost OF coming, lah1,, material.
Ctc sssssssssssssssss.a.t t@tu %
Conner for 40 ............. tH.HI u
| IIuuHTOFIHtUu Of uullHfH 10 WIutH. fHUI.uHI ID