The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1896-02-18
THREE GOOD BILLS.

THREE GOOD BILLS.
Hon w. F. Strowd, the Excellent Rep
resentative in Congress From This, the
Fourth District, Has introduced the
Following Bills:
A 81 TO PROHIBIT H FURTHER ISSUE
OF BONDS.
Be it enacted by the Senate and House
of Representatives of the United
States of America in Congress as
sembled,
That the authority vested in the Sec,
rotary Of the Treasury under the Acts
of January fourteenth, eighteen hun.
dred and seventy five, and February
twenty sixth, eighteen hundred and
seventy nine, to sell and issue bonds
for resumption purposes be, and is
hereby, withdrawn,
SEC 3. That the Secretary of the
Treasury is hereby forbidden to sell
and issue new beads or to continue.
under any agreement with the holders
thereof, any bonds now outstanding.
A BILL TO ISSUE SILVER CERTIFICATES
AGAINST THE SILVER BULLION NOW IN
THE TREASURY.
Be it enacted by the Senate and House
Of Representatives of the United
States of America in Congress as
scmbIed,
That the Secretary Of the Treasury
is hereby authOriz d and directed to
issue at once silver certificates of the
usual denominations against all the
silver bullion now in the Treasury Of
the United States at the rats Of one dol
lar and twenty nine and nine tenths OF
a cent for each ounce Of pure silver
Provided, That the amount Of Treas
ury notes issued in payment for said
silver bullion outstanding shall be de
Quoted from the aggregate amount OF
silver certificates provided for in this
Act.
SEC 2. That the silver certificates
provided for 10 this Act shall be Gov
cred into the Treasury and used i'll pay
ment Of current expenses.
A BILL TO PROVIDE A POSTAL CURRENCY.
AND FOR OTHER PURPOSES.
Be it enacted by the Senate AID House
Of representatives of the United
States of America in Congress IS
sembled,
That on and after January first,
eighteen hundred and ninety seven.
there shall be issued by the Pos.Ctfice
Department a postal fractional cur
rency in denominations of five, ten,
twenty five, fifty, and seventy five
cents.
SIC 2. That the issue of said frac
tional currency shall be made under
the supervision Of the Postoffice De
partment, and shall be furnished to ali
pOstmasters in sums as the Postmaster
General shall deem proper, having due
regard for the amour Of business
transacted.
SEC B. That the said postal fracti NAL
currency shall be q legal tender for
sums less than one dollar, and shall be
redeemable in the lawful money Of the
United States at any postofice in the
United States to amount Of one dollar;
at any money order p~ostoffice of the
fourth class to the amount of FIVE dol.
lars at any postoffice of the first, e
ond, or third class to an amount not
exceeding ten dollars in any one pay
ment to any one individual on the
same day.
SEC 4 That such postal fractional
currency shall be furnished to the
public on payment therefor at the face
value in lawful money of the United
States without other cost or charges.
SEC 5. That any person convicted of
cOunterfeitiDg said fractional currency
shall, on conviction thereof, be fnedin
a sum not less than one thousand nor
more than five thousand dollars, or be
subject to imprisonment for not less
than five years nor more than twenty
years, as the Judgment of the court
having jurisdiction of the use may
decide.
SEC 6 That twenty-five thousand
dollars, or go much thereof as is ncces
sary to carry this bill into execution,
be appropriated for that purpose.
FROM GUILFORD COUNTY.
Correspondence of the Progressive Farmer.
hCLEANSVILLE n. 9.