Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1895-01-31
FORMULATED INTO A BILL
A Measure Intended to Garry Into E6eo
the Prestdeut's SuRgeatiOua

A Measure Intended to Garry Into Eject
the Presidents SuggsationA
WASHINGTON, Jan. SQ-Charman
Springer, Of the banking and currency
committee OF the house, has introduced
bill to carry into effect the recon.
mendations Of the presidents message.
He notified his committee to meet 10.
day and consider the bill. The bill Il
as follows:
An act to authorize the secretary Of the
treasury to issue bonds TO maintain . sufioient
gold reserve and to redeem and retire United
States notes. and for other purposes.
BE Il enacted by the senate and house Of rep
rcsentatlyes Of the United States Of America.
in congress assembled, That, In order to enable
tho secretary Of the treasury to procure and
maln!aln sufficient gold reserve and 70 70.
deem and retire United States legal tender
notes and treasury notes Issued under the cot
OF July H. 1900, entitled, An act directing the
purchase Of silver bullion and the issue Of
treasury notes thereon, and for othor puv-
poses he Is hereby authorized to issue and
sell VI not Less than par, except ss
provided In section , Of this act United
States registered or coupon bonds. In denomi-
nations Of go and Nv and mutlpes d said
sums respectively, payable fifty years after In
god coin Of the United States Of the present
weight and fineness and bearing interest at .
rate not exceeding per cent per aunum. pay-
able quarterly In gold coin md suoh bonds
and the interest thereon shall have like quail
tiles privileges and exemptions as the bonds
Issued under the act approved July II, 1870, CD
titled ian act to authorize the refunding Of the
national debt" Such bonds may be sold and
delivered in the United States or elsewhere u
may be doomed most advantageous 70 Tho In
terests Of tbs government
SEQ. 2. That whenever any other legal tender
notes or treasury notes shall b. redeemed 10
gold they shall DO cancelled and not relssusd;
and the secretary Of the treasury Is hereby Az
thorl2od, In his discretion, TO receive United
States legal tender notes aud treasury notes
issued under the aforesaid act Of July II, 1890,
In payment for any Of the bonds issued under
thc preceding section Of this act, and the notes
so received shall be Cancelled and not relssusd
Sec, g. That hereafter national banking a.
soclations may take out circulating notes In
the manner now provided by law to IN amount
equal TO the par value Of the bonds deposited
to secure the same, But this provision shall
not apply to any bonds now outstanding bear
Ing interest st the rate Of 2 per cent. only.
Sec 1. That hereafter no national bank notes
Of u lcss denomination than 80 shall bc issued,
and US rapidly vs. such notes Of denominations
less than 90 shall be received into the Esas-
ury, Otherwise than by redemption, they shall
be Cancelled and IN equal amount Of notes Of
like character, but In denominations Of 40 and
multiples thereof, shall be Issued In Shelr
places All silver certificates now outstanding
In denominations less than tl0 shall, when re-
ceived into the treasury OF the United states,
bs retired and cancelled, sud silver certificates
not outstanding In denominations larger than
90 shall be issued In their stead
Sec. s. That from and aftor ths Isl day Of
July, 1895, oil duties on Imports shall W paid
In gold coin only, and I'LL taxes, dobta and de-
mands, other than duties on imports, sccruing
or becoming due 10 the United States. shall "
paid In gold and silver cain, treasury notes,
United States notes, sllves certificates " pesaa
Of national banks.
Sec. 0, That oil laws o. parts Of laws inseR-
sistent with the provisions Of tho precsdine
sections be and they are hereby repealed. and
sum sufficient W oarry tbs provisions Of this
aet Into effect be md the same IL hereby Appfo-
prIated out Of any money In " treasury Roi
otherwise appropriate