Daily press. [volume] (Newport News, Va.) 1896-current, 1899-11-29
GOLD Unit OF VALUE
Standard Named in Republican
Caucus Committees Report.
AS 10 SILVER CO
Subsidiary Silver May BE Coined from
Enllion Pu1cl,as Il Under The Act of
July.1i, 1890. oonetary Policy
Defined. T. xt of Bill
(EX Telegl.arh.O

Is
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Op,. -r.,,b
WASfILEt;T.jS Nav % r,n;,, :
20
-, ~ ''''' report Prepared by 'hs ,e-
ouolcan caucus committees. which ltaet
jiai Atlantic city last spring. We're ln;,:i-
| ed this evening to thu. Republican mem
beis OF The House. The purpose of Tile
elll IS 70 remove any doubt that ma. J.
sNiS' as !" the characte. Of the stand
n"d It contains 4 number of distinct
pinpnsiti"ns,
~ N" Standard unit Of value shall
ae IN" gold dollar.
| - Nlteh ; t;tteS bonds, United states
Aoi"S ,'n4 treasury notes shall be paid
!, s"ld ana az Other public and private
pn',sa mons sf;tll De paid in conformity
| WIN TIE standard.
THE establishment of |, division
| T. issue ana redemption in the treas
| tt.lE |" SEPARATE the nGte issue from the
1s&'iI operations of the department ard
! 'ne c,eation u q &ol;! reserve equal 10
| sWen'E-Ave PEI: cent. Of the oulsland-
nn7as '''l'''' '7'''NeS ''''SS ana treasury
i ~,
,.,nls "t 'n.Ss Is, cent. &9ia
~, ''s'i.''''il VIZ S"it reserve.
~, ,,',, 80 '.i' ,'S eAE''Stl'E"h lpf
b., ,ai,, N,ei, necessary I"
49, .,nl ~ ht,'u ~t;'t.S
\ -
s,,',,,,. 60 u'9''"' gu eAttPt III eN-
-.
| COINAGE OF SILVER.
| .-SuAstdiary silver may be coinc ]?
| from any silver bullion purchased IN :
ar tie act 81 Jllv IA IND ~ 49,
notes EQUAL to tie rasl IF NJ i,nI 1'i' :,
contained i'll such coin shall be cancel .
| led.
! sl.-.til worn and uneurrent Subsidiary.
silver coin nay be recoined
! S.-Silvel. certificates shall b. jr,j,e(
| in denominations to ST, ST ana 81
| y-NatiUnal banks ,,1a, sS1,a .i,on1,
ton TO the par value of the hands IA,
| posted by them
Gothic tax on national hank Given
| lation is repealed ana a lax of one
| fifth Of ono per cent. per annum is plac
| ed upon the franchise If tha hanks ...
measured by their capital. surn],Is and
jurdivjded profits.
! educational banks NAV be orea niza,1
! NTH Ii capital OF -twenty-fiye t}1nusa,
dollars in towns Of two Thousand in
haoltants
REPORT nv OyE,pSrJo177,1
| tn. rero,,, ~ ia ,,i,, ,,.s
pared by Representative Overstr,at ~
| indianapolis. who introduced th,. ORIG.
! inal bill Of the 5,.,c,le.ttl,v commission
in 1898. Mr.. Gverstreet frankly alm;,s
| that the committee did not consider
the general subject OF banking, nor
| 49, - SSSt\ " arrange Il cOillD(eia
! scheme Of finance bur confined itc IA,
| concentrations to those subjects of mos,
| pressing demand as evidenced bv rhn
! pledges of the Republican nar+y QUA
! the general policy of the admiristr,
| ton
| It was felt. the report declares ,ha.
the strenS thening Of the public credit
by the removal Of all dopht c,ncarninr
the policy and practice Of the cavern
ment relative 10 the unit Of value, IS or
| paramount impQ.fance' .M4.
When the standard shah be nt,,n,a-
nently established. and all doubt Of irs
stability removed. the parity Of ali on.
money Will he fully recognized AMI Tho
kind Of money in Which PAYMENTS shall
! be made will rarely If ever, be the SUB
ject of dispute. When certainty shall
take the place of doubt and the integ-
rity Of our credit be as fixed as the
honor Of the nation the national debt
can be readily refunded cit lower rate
interests ana future loans nsgotia ed
with ease, upon better terms than ever
! before.
NEW TRADE CHANNELS
The rapid deyelaDn,ent Of Au,ric,,
trade. makes If ;unaro,iv,. mai ~
standard Of, vain, IN whicb ..,+ia.,.,,,,,
are made snail "a ma bssr n ,l.,,e'' -
The highest civilization Racant nv..n'rs
SHAPED by r,a,,ss. hayr,,l nn,. ,l,,,,,'.i
hearing nb}ira1ion, vhich n, ~ ,.'
hrnc- REQUIRES shall be Cnnra"..n,,sI,.
DISCHARGED oTan nav fal1. 80. ,,r
lear enterprises enl avenues of l,,,,,
ducts viii s,raly rns,,I, S,,..,, .n.,3i
tons emuhaseiz. III. nerassitv ri. :,
standard Of value (which shall rn,,,,i,
fi,-Y, rb,.,u~ho,,t ,;,o ,.;cic.itu,la. - 49,,