The Daily Texarkanian., 1895-01-14

are to be legal tender for all debts,
The second section repeals all
laws which authorize the owners
Of gold or silver bullion to deposit
2nd receive gold orsilyer cestifcates
and the secretary Of the treasury
IS directed to oreceive no more coin
or bullion in the future.
Section provides that the gold
certificates now outstanding are to
be paid in gold coin and the silver
certificates in standard silver coin
or coin notes. If the gold in the
treasury amounts to less than 500,
600, 600 exclusive Of that necessary
to redeem gold certificates
they are to be redeemed in silver
coin; if more than $10OO00,O0O the
secretary Of the treasury, in the
exercise of this section, may redeem
in either gold or silver coin,
Section makes it unlawful for
any national bank to issue bank
notes or currency, and all acts
authorizing such issue are repealed,
It is made the duty of the secre-
tary within twelve months to sell
the United States bonds deposited
in the treasury by national banks
to secure circulation in the case Of
national banks retiring their circu-
lation or going out Of business, and
after redeeming in the coin notes
hereby authorized the outstanding
notes or currency as provided by
the national bank act, The sur
plus is to be also paid in the coin
notes to the banks owing to the
bonds in the amounts respectively
due on them,
Section 3 requires the secretary
Of the treasury to have coined as
fast as possible the silver bullion
held in the treasury purchased un-
der the Sherman act Of 1890, in
oluding the coin or seigniorage, and
this coin is to be used in the pay
meat OF public expenditures and
for the redemption Of the coin notes
authorized by this act,
Section provides that when the
revenues Of the government are
not sufficient to meet It's current
expenses, the secretary Of the
treasury shall issue a sufficient
amount OF coin notes to cover this
deficiency and all laws authorizing
the future issue Of mtereSt-bearing
bonds Of The United States are re-
pealed, except as otherwise proyid-
ed, The section also provides that
If the gold in the treasury at the
time the act shall take effect docs
not amount to $lOO,0 600, 900, eXclus.
i've Of that held to redeem gold GER
tiGcatcs, The secretary is directed
to sell United States bonds at not
less than par in gold coin bearing
not to exceed B per cent interest,
redeemable after five years. but no
greater amount Of such bonds are
to be sold than may be necessary
to procure for the treasury the full
amount Of 100000, 600 in gold,
Section provides that silver bul.
lion brought to any mint Of the
United States for coinage shall be
received aud coined into standard
dollars Of 4l2s grains, but no depos
It Of silver bullion Of less value than
800 shall be received that 10 50
bare aB to be unsuited for the OPP
eratong Of the mint
The director Of the mint Is to re.
tain, rs seigniorage, aud cover into
the treasury, the difference between
the New York market price and the
coined value Of the bullion, and
thl9 Is to be paid out by the sccro.
tary Of the treasury In the current
expenditures Of the goyernmet
Leaders Of the House have been
at work for the past "a hours, and
II is probable that another effort
will be made next week 60 pass q
special rule reported from the Com
mittee on Rules to provide a vote
on the Carlisle bill 1t 10 understood
that at least half a dozen member5
who voted against the previous ques'
tiou on Wednesday will now vote
with the friends Of the bill to get
the measure before the House
again Appeals have been made
TO a number Of Republicans to help
pass The bill upon purely patriotic
brounde, The RepublloanR are now