The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1896-03-25
Would BE Good Plank In the National
democratic Platform.


Kanawha Gazette.
We publish below the free silver
amendment to the house tariff bill
recently adopted by the United
States Senate, and this will, no
doubt. be the financial plank which
the free silver Democrats will ask
to have inserted in the Chicago
Democratic platform, as this amend
ment received the hearty approval
and support of nearly every Demo
cratic member of both houses of
Congress.
So far as we are able to judgewe
fail to see how any improvement
could be made on this bill, as its
Language seems to be Enthusiastically
plain and perfectly easy to under
stand, besides it expresses our
idea exactly as to what the policy
of the great masses of Democracy
have always advocated and what,
in our opinion, they are advocating
today.
Let the free silver Amendment
be the financial plank of the ma
tional Democratic platform be-
cause it is right:
"That from and after the pass
age of this act the minis of the
United States shall be open to the
coinage of silver, and there shall
be coined dollars of the weight of
four hundred and twelve and one
half grains troy, of standard silver,
.nine-tenths fine, as provided by
the act of January 18th, 1887, and
upon the same terms and subject
to the limitations and provisions of
law regulating the coinage and le-
GAL tender quality of gold; aud
Whenever the said coins herein
provided for shall be received into
the treasury, certificates may be
issued therefor in the manner now
provided by law.
Sec. 2. That the secretary of the
treasury shall coin into standard
silver dollars, as soon as practical
bic, according to the provisions of
section one of this act, from the
silver bullion purchased under au-
thority of the act of July Ia, 1890,
entitled An act directing the pur-
chase of silver bullion and the issue
of treasury notes thereon, and for
other purposes, that portion of
said silver bullion which represents
the seigniorage or profit to the
government, towit, the difference
between the cost of the silver pur-
chased under said act and its coin
age value, and said silver purchas-
ed under said act and its coinage
value, and said silver dollars so
coined shall be used iii the pay
ment of the current expenses of the
government; and for the purpose
of making the said scignioragc i'm
mediately available for use as mon
ey, the secretary of the treasury is
hereby authorized and directed to
issue silver certificates against it,
us if it was already coined and i'll
the treasury.
"Sec. 3. That no national bank
note shall be hereafter issued of a
denomination less than ten dollars,
and all notes of such banks now
outstanding of denominations less
than that sum shall be, as rapidly
as practicable, taken up, redeemed
and Cancelled, and notes of ten dol
lars and larger denominations shall
be issued in their stead under the
direction of the comptroller of the
currency.
Sec. 4. That the secretary of
the treasury shall redeem the u.
s. notes, commonly called green
backs and also the treasury notes
issued under the provisions of the
act of July 14th, 1880, when pre-,
scented for redemption, i'll standard
silver dollars or in gold coin, using
for redemption of said notes either
gold or silver coins, or both not at
the option of the holder, but ex-
clusively at the option of the treas
ury department, and said notes,
commonly called 'greenbacks,' when
so redeemed, shall be re-issued as
provided by the act of May 31st,
1918"