The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-14
EXPLAINS THE BILL.
y th~ Features In Detail,
LIS, zecisely what II
Accomplish.

{t1GN ~ prov.fjonz OF the financial Dill
pA IN he Use, In which he says:
Esancta' lill. which now awaits
~ - dfr .. OF the president TO
49, sor its first object what
she fixing OF the stan
the maintaining nj
- .aildard OF all forms OF
nnceo fcoined by the United
n M that tho unit OF value
~ q 4 ling OF twenty-five and
boa u OF gold. nine-tenths
\ point IL goes on 10 make
4ecretary OF the treasury
ms OF money issued or
4 With this standard.
1.-THE Secretary.
NJ Z hands OF the secretary
1ecfr1 20 that. For that pur-
80 rs that the treasury bu-
fes nd redemption trans
Sstl 4 al fund of the treas
m 4 q In gold coin and bu-
4 ton fund that gold 10
Redemption OF United
49, treasury notes. That
~ absolutely cut out and
cash balance In the
available cash balance
y a reduction Of si5o, ooo,-
res that have heretofore
30. 900 600 redemption fund
f no other purpose than
nS< K4 tho United States notes
al I. and those notes so re-
81 tchanged for gold In the
With the public, so that
- IL kept full with gold to
ait.
sell Roads.
~ Is given further power.
go on NO that the gold in
go nd Is reduced below $780,
x IL unable to build II up
70 mark by exchange for
= serai fund or otherwise. he
49, sell bonds, and II IN made
- snish the gold to the sibo,-
m such means.
49, ealIees chain IL broken by
n. " which prohibits the use OF notes
md to meet deficiencies In the
mr. avenues. The act provides for the
m w rtirement OF all the treasury
~ nsd In payment for silver bullion
herman act. As fast ms that
1Asv1S coined into silver dollars. treas-
are to be retired and replaced
Naai amount Of silver certificates
- 81 Gold Certificates.
ID. MEASURE authorizes the issue OF
Mates In exchange for deposits
MON <sln, the same an AT present. but
the authority whenever and so
,. p hs gold IN the redemption fund Is
n, ole1 40, ard gives to tha seefe.
} Nsion 10 suspend the issue Of
d Duetatez Whenever the silver Ger
sseam1 arr United States notes IN the
rita Fund Of the treasury exceed $780,
ay Certificate. Provided For.
do1nl provides for a larger issue OF
q 3ftiilcat ; ls declaring that here
nasost sg serslsiNa ea shah be issued only
Nations so 80 and under except
- \ tTr cent Of the total volume.
made for this larger Use OF silver
,r...(ss IN tho way Of small bills of
'ypoyislen, witch makes Il neces-
at as tho present silver certin-
&tt dsnominaiions arc broken up
~ III 80 cancel a similar volume
ttatss notes Of snail denomina-
t place them with notes OF de-
L Of no and upward Further
IL TOR the circulation OF small
sfs Gates BY clause which per
YhnM banks 10 have only one
Aeif capital in denominations un-
~ Ase OF Subsidiary silver.
wiash the public VIII greatly
DC Nsht that IL gives to the
.sAN % c.. any OF tho $500 bullion
AT fssdlary ,fer coins an 20 a llml,
4 Mm Th3rc has for years been
Hing Adhsidisfy silver 81 the periods
AZ cffs retail trade. but this provision
b. vi the treasury ample opportunity
the subsidiary silver that il
ner provision that the pub.
- appreciate Is tho authority
~ fary 10 recoin worn and
SsEY ~ ssy silver now n .hs
Il
sraiinuias Appropriation for pay.
Htrsnee between the face value
m. H.a and The amount the same
hngst ace Ia the new coin
aatsa Spanish War Loan.
~ Art feature 81 the htll il in ref.
fnrnH fMantlnE the PER cent span-
= an sh, the per cent bonds mAtur-
ny isS. total Of $50 10. IA into
Ns-Vmsf cent bonds These new Z per
rr viii not be offered for sale,
M yas % iArued In exchange for an
- n 2sans, face vaiae ~ oil bonds.
- ola bonds will receive a
~ NJ u 'sasss 20 compensate them in
A e fsf he sacrifice - lntsros,
.,rnz(Ii m@ke The cash premium will
ThuEM ~ n hsels u tha present
Ut Vs old ccAss at AZ per cent,
sFess II t-e tof the foura. AMI
kfYf{ q eaf SiN ~ th- NeeA This
~ t1 the government after
stu nc 'mipm PAID nearly IS.
saytk II tat holders II the oid bonds
n saem for ihe new ones Nation
has sasS make sat circulation hasea
kys - bends are 20 ha tsSsd oniy
Per csat on the average
sircniRtion 1utstaudirz Whllc
wner Save circulation eAse0 On a de-
eorts Nil De taxed as at
Esr cent
Ases In banking law.
Ae some sther changes IN the
&aNng act The lSw permits
NJ .Ass With t2A - capital to be
PAGES q so0 tnhasitsnts or
NeN Ss. herrtofcre the minimum
pa been So 80 Ii also reruitA
We circulation On an asses
AF4Nsfed no i0 the par value of
- .slssd os n per cent ot their
ffaHF sHn al