The farmers' union., 1894-02-15

Sec. }. And be it further enacted,
That the United States notes amt the
cupon or registered bonds, authorized
by this act, shall be in such forms as
the Secretary of the the Treasury may
direct. and shall bear the written or
engraved signatures Of the Treasurer
Of the United States and the register
of the Treasury. and also an evidence
of lawful issue. the imprint Of copy
of the seal of the Treasury Depart
ment, which imprint shall be made
under the direction of the Secretary
after the said notes or bonds shall be
received from the engravefs, an be
fore they are issued; or the said notes
and bonds shall be signed by the
Treasurer Of the United States, or
for the Treasurer hy such persons as
may be especially appointed ov the
Secretary of the Treasury for that
purpose, and shall be countersigned
by the register Of the Treasury, or
for the register by such persons as
may be especially appointed by the
Secretary of the Treasury fer that
purpose, and all the provisions of the
act entitled "An act to authorize the
issue OF Treasury notes" approved
the % day OF December, 1887, SO far
as they can be applied to tins act
and not inconsistent Herewith, are
hereby revived and re-cnacted: and
the sam of $30O,OOO IS hereby ap-
proprlatcd, out OF any money i'll the
Treasury not otherwise appropriated,
to enable the Secretary of the Treas
ury to carry this act into effect
Two pcna! sections Ct and 5) were
adopted us part of this bill, tQguard
against counterfeiting, but it is not
important to inesrt them here, as
they do not affect the principle of
the bill.
The bill having passed the house
was presented in the senate on Feb
ruary Z. 1862. On the same day, in
ordc. to tide over an emergency. a
b.,l w.,s introduced and passed auth,
oriziny further issue Of SO, 200, O00
of demand notes in addition to the
$50, 900 900 already issued The bill
passed in the House on the 10Th, and
was immediately made operative
| The bill rs sent to the Senate
provided that such notes herein
authorized shall be receivable in
payment of all taxes. duties on im
ports, excise. debts and dividends
owing by In United States to indi,i Ia
ais, corporations and associations
within the United States, and shal
also be lawful money and lega
tender in payment of all debts, pub
lie and private, within the Cnite(
st tee" This constituted people
money pure and simple, free from
all tribute, and made 50 10y autI'orlt,
Of law only. This is the kind o
money demanded 10y the People
party, and is the only refuge at tht
present time for :he people from
the bowling storms Of distress ant
financial! disaster that are swcepin.
over the unhappy nation. When thi:
bill was reported by the Senate Fl
nancial Committee the fO!low:n:
amendments were recommended:
First. That the legal tender note
should he receivable for all claims
and demands against the Unites
of every kind whatsoever except TO
interest on bonds and notes. which
shall be pald in coin
Second. That the Secretary Nigh
dispose of United States bonds "a
the market value thereof, for coin 0
Treasury notes.
Third. \ new section, No. i
authorizes deposits in the sub-treas
uiics at per cent, for not less thar
thirty days, to the amount of s25,
OOO, 900 for which certificates of tie
posit might be issued.
Fourth. An additionsl section, NJ
), that all duties on imported good
and proceeds of the sale OF publ
!anGs.' etc. should be set apart tt
pay coin interest Oh the debt of th,
United States; anu per cent for
sinking fund, etc.
| On the 18TH debate began in tn,
Senate and was vigorously carried 0,
for some time.
Senator Fe>senden made 4 speec!
that was 4 complete straddle. Sen
ator Co,mar spoke against the lega