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 I itaUSK OK UkI'RKSKNTATITF.S, No. 7.] 
 
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 HOUSE OF REPRESENTATIVES. December 21. I.SG.'i.— 
 Referred to the Special (Committee on Currency, and ordered to be 
 printed. 
 
 [By Mr. IIeiskfll.] 
 
 HESOLUTION^ 
 
 Directory to the Select Committee on Finance. 
 
 1 Reso/red, That the Select Committee on Finance be requested 
 
 2 to consider the following project : 
 
 3 Let the treasury issue, say $4<H».(i(Ml.(i()(i, of eight per cent. 
 
 4 bonds to run 30 years, interest payable semi-annually, in legal 
 
 5 tender notes. 
 
 G Also issue $200,0()(),()iiO of legal tender notes. 
 
 7 Ofter if; 1 00 in legal tender notes and $200 in bonds for $300 
 
 S in treasury notes now in circulation. 
 
 9 Pledge an export duty for the redemption of the bonds and 
 
 10 legal tender notes. 
 
 11 This would speedily absorb $600,000,000 treasury notes now 
 
 12 in circulation, and leave $200,000,01)0 legal tender notes in cir- 
 
 13 culation. 
 
 Note. — This project, offered at the Augusta convention, ought, per- 
 haps, to be somewhat modified by tlie facts developed in the report of 
 the Secretary of the Treasury, but I prefer to present it in the form 
 the author gave it. 
 
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