The Middlebury register and Addison County journal. [volume] (Middlebury, Vt.) 1883-1885, 1885-06-12
THE SILVER QUESTION.
Proposed Legislation in the Forth
coming Congress.
A Plan to Suspend Silver Coinage
For a Time,

The silver question will undoubtedly be
fully discussed in the next Congress. and al.
ready public curiosity is aroused as to the
action that will be taken. Washington tele-
! gram to the New York Herald gives as fol-
lows in its exact form as it is now being
considered by prominent public men, a silver
proposition which is intended to form the
basis of legislation in the next Congress-
First-lssue certificates on the deposit of
SILVER bullion at its market price at the time
OF deposit expressed in dollars which shall
stand as the declared value of the certificates
while in the hands of the public The aver
age value of silver for the previous month
might be taken as the market value at the
time of deposit.
Second-Such certificates to he made legal
tender for all purposes except in transactions
between private parties
1hird-Ihey shall be redeemable in lawful
money, or at the option of the government
in silver bullion at its market price at the
tlne OF redemption. When received into the
treasury for dues to the government or re-
deemed in lawful money. they shall Inc held
and paid out again as other currency: but
when redeemed in silver bullion, to be can
celled and destroyed
Fourth-Ihe coinage of silver to be sus-
pended until required again to meet an actual
demand for silver dollars On the coin,oa of
any bullion the certificates representing the
bullion shall be cancelled and DESTROYED
tIith-Flactional silver or at least the
nall dollar pieces, TO lie made full weight and
full legal tender and the redemptiou of sub
sldiary silver to be discontinued.
Sixth Withdraw the one and two dollar
legal tender notes without reducing the total
values of greenbacks; also the iive-dollar
bank note and issue one. two and five-dollar
com notes. ba,ed on the silver dollars now
coined, dollar for dollar
Standardization and recon tha trade
dollar into standard dollars or fractional
coin.
Concerning the origin of the above pro
posed silver legislation, the Herud CORE
spondent says:
at would be a mistake to suppose that this
silver proposition has been framed bv or Mt
the instance of or with the knowledge of the
administration. The truth is ths:GGeneral
Warner, of Ohio, and other silver men in
the last Congress seeing the repeated
failure of the attempts to get
European nations to cooperate with the
United states on the silver question. and be-
ing unwilling to see th, country waiting
upon the action Of Europe, talked over the
deslrablity of some plan by which the United
states could be placed uuol such ground, in
regard to SILVER, as would enable rs to 90
IN Tor ourselves and leave to Europcnn
governments the u-lnoss of protecting them
'HlVeS. The consultations thus Aed toward
the close of the last Con-r,ss originated the
present proposition, which, a, the HcruItrs
report rightly says has leen seen by q
number Of silver men, though rs vet time
has not su'irej to present it to all whom
1t is desirable and necessary to call
INTO conNultat ON. 1t is true that Congress
man Weaver, of Iowa; senator Jones of
Nevada; I'LL. OF Colorado and several her
prominent and influential silver men think
wei OF the proposition, and it IS hoped TO
secure tie support of others within tile next
few weeks and as soon as they can be