The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-01-22
/ SINGLE GOLD STANDARD.
.rsE COMMITTEE WILL REPORT
HULL BILL FAy0RABLY.
~A~, Ifs Terms No Mere silver Dol
s.rs Are TO BE Coined and Green
aaeks Are to Be Retired Gradual
" aaA Cancelled In Ten Years

HARRINGTON. Jaa. zi.-The house
...rare. weights ard measures committee
$500 by a strictly party vote, ordered
f.yorah!e report on the ssIssstit1t. for
q. HIT bill 10 TX the standard OF value
!. sne Cniitd States. and for other pur-
...x The bill provides In substance that
- standard Ok value ia the United
~xtss shall be the gold dollar. that all
.-rtracts existing and In future SHAH 5e
sxuoutezs III reference 20 tks@ standard.
go ,nxre shall Ds established In the
sr1asary department OF Issue and OF
ssstu,ps.cn. that greeTlbacks shall re
sezsred and upon sheir retirement. gold
~ saa.s DC substituted therefor.
<. diver dollars are 10 be hereafter
.ssnrd except from bullion now In tha
se.usuyy. the secretary OF the treasury
!. his discretion TO coin silver into CUB
14zary cola as pubic urgency demands.
- the recoinage OF old. worr, urlaurrent
~srtasary coins without special appro-
strxtIcn therefor such coinage of bull
e TO &c concurrent with the retirement
4 treasury notes, the same as IL coan.ti
aso sEser dollars and the coinage Of such
1pbaatAry coin not To DO limited 70 So
GAaA
accounts between issue and financial trans
assicas. q geld reserve or - per ceat. OF
ss.standng and treasury notes il TO lie
nasns2 lnse. Also 3 Per cent. gold reserve
III ne aggregate silver dollars: a common
md for the redemption OF ali notes.
ne retirement Of the greenbacks proyi-
aen q for the first five years an equal
amount 10 the increase Of nationa. bank
sssss issued Subsequent 10 the taking ef-
fscs OF tie act. 20 per cent. 10 be retired
saruals during the next five years. ard
fseenbacks 10 cease 10 be- legal tender at
shs end OF ten years. Gold and currency
eert.aca'es IL be Cancelled as paid and NOT
sessxsleds 40 national bank notes under SO
sna nc silver certificates under g. are 10
ks Aaued. ,rbs tax on national banks IL
b Be changed from the circulation 10 one
lxnth Of per cent. on capital. surplus ard
ssdiv,6sd profits.
Tas blu repeats all existing regulations
90 TIE withdrawal and issue OF national
bsrk uote.s at viii: banks may issue notes
u fall value OF bonds deposited. Ma
tga1. banks with capital Of s1sot0 and in
s.fn os 3en population may be establish
Y hranch banks may be provided under
nsaissiuns of the comptroller % the cur
Nsu.
~ bill In supplementary to the cur
ssaeg reform bill which Ia Sill being
fsAs over in the committee on banking
I'D eafregcy. IL Is the FIRST general f!.l
sskA has gotten out Of the coinage.
vsi@aS and measures committee in sew
~ uss u ls the result Of "a great dead
Il h1m and mary hearings These had
~ fact, actually been completed when
IL hl was reported today and Secretary
Gsr and ex-Ccngressraan Charles A.
yspBe we're given leave 10 file statements
Faish would be included I'm the hearings
vsen published. Walker Of Massachusetts
~ heard today before the bill was voted
~
Ehni offered a substitute fog the single
~ Standard feature Of the bin pr0y!d-
v Tor the free bi-;nes aiEe coinage and II
VI voted down, ~ $. a strict party vote.
~ committee then directed the chair
~. c. ". Stone Of Pennsylvania. 10 call
. snt press the bill ar the earliest pcssi-
y moment and TO employ 20 that end any
EzkD.e parliamentary expedlent.