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Report Goes To The House

Report Goes To The House image
Parent Issue
Day
17
Month
February
Year
1892
Copyright
Public Domain
OCR Text

i'he report of lbo majority of the 'Jommittee on Coinage, Weighte, and Measures, recommend tne passage of liland Pree Coïnage bilí, will be preented to the liouse to-morrow bj' Mr. Bland and by consent of the minority of the eommittse Ikis been made public, i'he report discusses tlie various objections made agrinst free coinage, showm- where. in the onininn nf tli ninoi-ity, those objections wére illfunded, and how iree coinag-e of silver ivould greatly benefit this country, und especially the producers. The report beg-ins with an explanation of the provisions of the bill reported. Free coinage of silrer is pro7Jded, and it is required that it be of Standard fineness to meet the alloy sea, tiie alloy being ali the expense qow exactecl of depositors of g-old. Coin notes may be issued on the goú or silver deposited, if demanded, instead of ' waiting for the coin. The committee raised the maximum denominations of these notes from 5500 to 81,000, so as to accominodate in largo transactions and bank exchanges. These notes are made leg-al tender, rcdeemable in min on demand. The bilí provides for the conversión of all our gold and silver notes into eoin notes, redeemable in coin, tlms c'oing awav entirely with all legal distinctions. lt is believed this will greatly tend to promote equality in all respeets. There will no long-er be issued gold notes or silver notes, bnt bimetalic notes payable in eithêr coiri at the pleasuré of tlie government.

Article

Subjects
Old News
Ann Arbor Courier