The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1899-01-27
THE VIRGINIA ENTER Rl

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Official Paper, City Of Virginia.
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9rrsoss xsAlns q news item. change a.
'ssza 81. OF anything Ia the limo Of leSAa3 m
JSste0, + I'll plsass have sauna q ouk once BY
I TharadaS aeon of each WsA&. II E0nycnisnt,
as 1t savss time aud trouble for both parties.
We reserve the right &c positively refuse
dry notice OF whatever nature after O'clock
pm, ON Thursaav. 81 $50
'ooAD DOLLAR DEcl14xb s1A8D4RD.
Tho houae coinage. weights
$and measures committee Satur
day. by q strict party vote, or
dered q favorable report on the
substitute for Representative.
,Hill's bill to tx the standard Of
Waite in the United Satates and
for other purposes. The bill
1provides in substance that the
standard Of Waite in TIE United.
States shall be the gold dollar;
that all contracts existing and in.
the future shall be computed on.
sthe reference to the standard !;
that this shall DO established in:
the treasury department Of issue
Sand redemption, that the green
backs shall be retired. and that.
sapon retirement gold bills shall
be substituted therefore. .iss.
No silver dollars are to be
hereafter coined except from the
sbullion uou.in thu treasu ~, the.
secretary Of the treasury. in his
Aiscretion. to coin silver into
subsidiary coins as public cur
-rency demands and the RECON-
age OF old, worn. uneurrenta sub
%sidiary coin without special APP
preparation therefore, such coin-
age Of ballion to be concurred
with the retirement of treasury
notes the same as if coined into
SILVER dollars and the coinage of
such subsidiary coin to be limit
ed to $50. 600. 0O0., There is to be
. separation of treasury accounts
between Issue and financial
transactions; a gold reserve of
IS per cent of outstanding notes
and treasury notes is to be main
tanned, also S per cent gold re
serve Of the aggregate silver
dollars, a common fund for the
redemption OF all notes. The
retirement Of the greenbacks
provision is, for the first five
years an amount equal to the IN :
crease of national bank notes
issued subsequent to the taking
effect Of the act; 90 per cent to
be retired annually during the
next I'VE years and greenbaeks
to cease to be legal tender at
the end Of 10 years. Gold cur
rency and certificates to be can
celled as paid and not re-issued;
r. NO national bank notes under 410
and no silver certificates over IS
are to be issued. The tar ON
national banks is to be changed
from the circulation to one, tenth
OF one per cent on capital, sur
plus and undivided profits.
A bill repeats all existing regu-
lations on the withdrawal and
issue of national banks and such
banks may issue currency to the
full amount OF bonds deposited.
National banks with a capital
of $3.50, 600 and in cities Of 49,
600 population may be establish
ed, branch banks may be pro-
vided under regulations of the
comptroller Of the currency.
The bill is supplementary q
the currency reform bill. which
is still being fought over in the
committee on banking and cur.
rency. .'s
It is the first general bill
which has been gotten out OF the
coinage, weights and measures
committee in several years. It
is the result Of . great deal Of
labor and many hearings. These
had not in fact actually been
completed when the bill was re
ported today and Secretary
Gage and e4. Congressman G. A.
Towne were given leavs to file
statements which will be includ
ed in the hearings when publish,
ed.
PATENTS ON ORE CAR8.
+. George s. Payson, genera
counsel. and e. 2. Amory, as
sistaut counsel OF the Chicago 8
Northwestern railroad, have jus
completed the taking of testi.
nno,,v IN a case now in tho I1nifpf