The Portland daily press., 1900-03-14
Maintenance of Gold Re-
serve.
Endless Chain To Be Broken
Subsidiary Coins.


explanation Of TIE provisions Of the finan-
clal bill which passed the House todayi
"The financial bill which now awaits
only the signature OF the President to
become q law, has for Its first objeot
what Its title indicates, the fixing of
thu standard value and the maintaining
at a parity with that standard OF ell
forms of money issued or coined by the
United States. 1t reaftirms that the urit
OF value 10 the dollar, consisting OF
twenty five and sight-tsnths grains Of
gold, nine.tentns fine, but from that
point II goes ON to make 1t the duty OF
the secretary of the treasury to maintain
all forms Of money Issued or coined ut
parity with this standard. It puts into
the hands OF the secretary ample power to
do that. For that purpose the bill pro-
yides In the treasury bureaus Of Issue and
redemption and transfers from the gsner-
al fund Of the treasury's cash s15, 0OO, 600
In gold ooin and bullion to the redemp-
ton fund, thar gold to be US ed for the
redemption OF Unitsd States notes and
treasury notes. That find is henceforth
absolutely cut out of and separated from
the cash balance In the treasury and the
available each balance will hereafter show
q reduction Of $50, COO. 900 from the
figures that have heretofore prevailed.
This $l5, $50 COO Is tor the redemption OF
United States notes and treasury notes,
ana those hoVes " reueosu 'ne,
changed tor tne goiu IN ING eenor"i ~
or WIFE inc pupno snsS s.o
iuno IL kept iuh WIZ" so'u w SA' s''
wv. wv huis'
me seore'ary gwen io'ae.
IL resumption soss on ~ '."' s,e 80
.nI' i''o's i1n1 - -"
Wo'oou anu No 70 unauie " Du1 ~ ~
70 tne slOo.V'Hooo ln"r~, "
so'u IN INC sonefsi iun1 '. o !. -
IL givee power W sen uonu ~"
maze ms rs o W. W isPe n
'"e v.Do'NV. -, .. 5000 hx
ns s.,,.. ~ -. :, 80.
pio''.,e. :. -. s.1o,a,oas an ,na
- Ts. 80, ,,-ov,da. ,or
-..--. 20 -, e.. .vo.s-
VIC .- - a. -. e.. s,,v.r
Wy nS'es 49, $780, ~. A. East
-. snI,,ou a. ro,n.a int .,,ver doI-
- ...s.-r no,as a-a 20 he r.t,,ad ana
.o-, ,.s 80 .nonn. :, s,,vsr
.ep
'ea Ss. .. Al. ,..ra -,
.-.,.sats. .. a~oh.na. sor dero.,ts
go 80 ~. :. .t ,rss.rt I'm.
- So. -. ,.sa.,,- ,-harovax IA 40
~. 80 - 80. 60, n.Ior ,nnd
.o"s s,oc ooo oco snS a,.a. 20 ,ns
~" s..,s =. .,,.nsas ,hs ,ssra
-.,a.a.. ~ ,ha .,,var car.
49,. -. "a un,.aa S,..as rotss an IN.
., ,,rd =, tn. t,aaarrv arcaaa
a 1e" ona 900
..Th. RIM ,rov,ass for . Ia,o.r ma. of
.,,a..ta. h, a.cl.r,,, that hare.
- L.. oar,,so.ts. shall he ,ssusd
- a. S.nono,rat,ons of ten dol,ars and
rn5ar .,oant as m tan mar cent of the
-, .o,una
anna o,orss a, the hill which the uub-
IA. I'll, oras,,- arr-so,ats ia the right
r.. ., 80. 80 the sscrat.rv tn coin anv
:. 49, ,soo hru,on ,r sub.,diarv s,lxsr
~ 70 un,,t of s,o0 ono 600. There
,ar -. -, so.r.,,x ~ spbs,.
- ,,o-,o5. =, .o,,va ra,.,l
-. 80 ..o-,.,on I'm c,va the
-. -no..,,n,,x 40 srDnIv all
$3.50 49, 49, .h.. 4. raacad A.
'.e s a-,s,e- 49,, -. nrh,,. iii
S,... a. ~. .r.hnr,,v ,,,,o,
se.' -. .o ,s.co,n worn md nm
S.s S',h.,a,.rv s,,v.r rov An this
NS =" 80, rscs,vad
80. Sun ,n.rss a cont,np,pO anpro.
-. nsv,,o ,hs a,Yereroa ba-
pllA -. - >, .,oh oo,n and tha
49," ,ha sams lii produce N the
ooin' -, -,