Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-12-06
CHANDELIERS COINAGE BILL.
New Hampshire Senator Has Scheme Tor Gold
and Silver Coinage.

Washington, Dec. 5.-Chandler. Rep,
of New Hampshire, introduced in the
Senate, today, a bill providing for the IN
limited coinage of gold and silver, in con
nection with other nations, at the ratio
of to 1513.
Section provides that any person may
deposit in United States government gold
or silver bullion not less in value than
$50 and the same shall be coined free of
charge, if the metal be sufficiently pure
to need no refining, the gold into the coins
provided for by existing laws and the sill
yer into dollars nine-tenths fine, the
weight of the pure silver in each dollar to
be = times the % and 22l0O grains,
being the weight of the pure gold. in the
gold dollar. That is to say, 359 91-10O
grains, which with 80 99-l00 grains of
alloy, will make the total weight of each
silver dollar 800 $40 grains, instead of
412l2 grains as now provided by law.
Section 2.-Payment shall be made to
said depositor for such bullion in coins
similar to those into which the metal is to
be coined, or the secretary Of the treasury
at his option may pay the depositor in
treasury notes of convenient dcnomina
tions, promising to pay an equivalent
number of dollars, which notes shall be
rcdeemable in gold or silver at the option
of the secretary of the treasury The sill
yer dollars coined in accordance with this
law as well as the gold coins of the United
States and the treasury notes herein pro
We'd for, shall be a full legal tender for
all debts public and private. The exist
ing silver dollars will be retired and re
coined according to the new ratio, the
profit accruing therefrom to be applied to
the expenses of maintaining the mines.
Section 3-This law shall take effect
and become operative when similar laws
shall have been adopted by the govern
ments of England, France and Germany,
which laws shall in substance provide for
the purchase Of gold and silver bullion
without limit ana shall make legal tender
of the gold aud the principal silver coins
and any certificate representing them, the
ratio between the gold and silver to be the
same prov ided for in this act and when
such laws have been passed by the govern
ments aforesaid, the President shall make
proclamation accordingly and this law
shall then take effect and be in force
Gallinger, Rep, of New Hampshire
offered a resolution declaring it to be the
sense of the Senate that it is unwise and
i1expedient to retire the greenbacks, and
it was referred to the committee on
finance.
Call, in speaking on his resolution for
the recognition of Cuba, said:
If this government is not farce and
fraud, the people of Cuba have a right TO
establish their independence. Spain de-
olared that the Southern Confederacy was
a belligerent power and recognized her;
the English government recognized the
civil war in the South. Why should We
not, when these people have acted on our
example, under our advice, under our in
structions, Justify their forcible resistance.
Why should we allow Spain TO purchase
supplies in OR ports and forbid the same
right to the CubaDs?
Il hone that the committee on foreign
relations will not postpone action on this
resolution, but will report at an early day
in favor of il, or some resolution that will
accord to the people Of Cuba the same
rights in our ports and territory as are
now given Spain. | hope that the dis
grace we are now under in actually aid
ing the government of spain in its oppres
sion over this people. will be ended.
At the close of Calls speech the resolu-
ton was referred to the committee on
foreign relations The Senate proceeded
to the consideration of executive business,
and at | S. p NJ, adjourned till Monday
Continued on page 2