New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-29
TO CARRY OUT THE PRESIDENTS PLAN.

TO CARRY OVT THE PRESIDENTS PLAN.
A NEW FINANCIAL BILL INTRODUCED IN THE
HOUSE by CHAIRMAN SPRINGER
Washington. Jan 2S-Cha!rman Springer, OF
the Banking and Currency Committee OF the
Uouse to-day introduced a bill to carry into
effect the recommendations Of the Presidents s
message He has given notice to his committee
70 meet tomorrow morning and consider the BILL
which is follows:
An act TO authorize the Secretary OF the Treasury
to issue bonds to maintain sufficient gold reserve
and to redeem and retire lhlted states "o'e' anu
BE it enacted by the Senate and House of Repre-
sentatives OF the United states OF America III I'm I'm
gress assembled. that. in order to enable ,ne Sev
reiary OF the Treasury to procure ana maih'a.i am.
United states ega-tender notes and Treasury notes
issued under the act of July H. 1880. entitled an
the issue OF Treasury notes thereon. and Tor other
purposes" he is hereby authorized to ISSUE and
Sf Sided in S Section Of this act Tinted states regis
tered coupon bonds. In denominations OF ;" ana
able hfty years after In gold coin OF the United
states Of the present wGh s a1d ner cs a%
per annum. payable Quarterly In Ike CON; ana ana
such bonds and The Interest shan hdSe Se
bonds issued under the act approved July II, ls.1
entitled AN act to authorize the refundihs OF 'he
Such bonds may be sold and delivered ,.the in the
United States or elsewhere, as may be deemed
most advantageous to the interests of the Govern
ment. , ,., ,.,
Sec . That whenever any United States lega.,
fender notes or Treasury notes shall be redeemed
in gold they shall be cancelled and not reissuen
and the Secretary OF the Treasury is herepy au-
thorized in his discretion. TO receive United states
legatender notes and Treasury notes. lssneu uuer @
the aforesaid act OF July A. 49, IN payment Tor any
OF the bonds ISSUED under the preceding secuoh
OF this act and the notes so received shai De can
celled and not reissued ,, ,.,,,,r ,ssoo,.
Sec g. That hereafter National banking. associa-
tons may take out circula ting notes In the manner
nov nroyided BY law. to an amount equai 10 tne
mar value OF the bonds deposited to secure the
same But This provision shall not Apply 10 an! h
bnnds now outstanding bearing interest at the
rate OF . per cent only >..,.u, .,,,Lro,os y,
sec 4 That hereafter no Nationai bank notes o
n less denomination than $40 shali De ISSUED anu
M ranIdlv gs such notes OF denominations less
tho sI0 shall be received into the treasury, other-
Ise than FOR redemption and retirement. they snail
he cancelled, ard an equal amount OF notes OF IKE
Character but In denomlna OF so and multiples
thereof shall be Issued In their places. All silver
Greater than $40 shall when received into the
Treasry OF the United States. be retired and can
called and silver certificates In denominations less
IN an 40 shall be issued In their stead
Sec & Tha. from and after the first day OF July,
,s5 ali duties on Imports shall be paid In gold coin
onIy and all taxes, debts and demands other than
duties on Imports accruing or becoming due to the
United States shall be paid In gold and silver coin.
Treasury notes. United States notes. silver certih-
Gates or no es OF National banks
See g. That all laws and parts OF laws ncon-
sistent with the provisions OF the preceding
tions be and they hereby repealed and a
sum sufficient to carry the provisions OF this act
COntlnuea ON Fifth PAGE.