Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1889-12-21

Following is the bill introduced by Sena-
comes law, settle the question and give us
free coinage:
Be 1T ENACTED, That any person may
deposit at any mint or assay Office Of the
United States either gold or silver bullion.
or both, in quantities of not less than FIVE
ounces Of gold or eighty ounces Of silver,
and demand and receive coin, or coin certif-
icates therefor at the rate of 81 in certii-
Gates for 2o.S grains, troy weight, standard
gold nine-tenths fine, and at the rate Of 81
in certificates for 4I2H grains, troy weight,
standard silver nine-tenths fine. The coin
certificates issued under certain provisions Of
Section shall be of such denominations as
the Secretery shall prescribe; provided that
s they shall not be of less denomination, than
81, or more than 81, 1000, 900, and that one
? half of the amount shall be in denomina-
lions of less than $50. and shall be redeem
able in coin of standard value.
SEC. 2. The Secretary Of The Treasury
SHALL cause to be coined from time to time
such portions of bullion deposited under the
provisions of this section as may be neGessa-
ny to enable him to furnish the coin. The
certificates issued under the provisions Of this
section shall be legal tender Of their nomi-
nal value for all dues, public and private,
except where otherwise stipulated in con-
tracts heretofore made, and when such GER
ti6cates shall be received for public dues
they shall be reissued.
SEC. 3. A sufficient sum to carry out the
foregoing provisions Of this section is hereby
appropriated out of any money in the treas
ury not otherwise appropriated. And the
provisions in Section Of the Act of Febru-
AIRY zSth, 1879, entitled "An Act to author
ize the coinage of the standard dollar and to
restore its legal tender character" which re-
guires the Secretary of the Treasury to pur-
chase at the market price thereon not less
than 81. ooo, 900 worth Of silver bullion per
month, nor more than 81, 900 900 worth per
month of such bullion, is hereby repealed.
This bill appears to be pretty fair meas
ure, and certainly is in no way TO be con-
strued as following the Window proposition.
1t would mean free coinage. The Window
plan proposes to issue certificates against
bullion deposits sat the market rates." and
they to be redeemable in coin in the same
manner, and does not provide for any coin
age whatever. His plan would leave the
question as it now stands, except that it
would do away with all coinage, and where
in it would benefit the silver States We fail
to see. The government would be the only
one to profit, as silver would be placed in
the the light of commodity, to be specula-
ted in the same as grain, pork, lard, etc.
Stewards bill provides for the unlimited
depos,ing of bullion and the issuance of
certificates against the deposits sat the rate
of 81 in certificates for each 4I2H grains,
tory weight, standard silver nine-tenths fine"
This would make no distinction between
gold and silver. No restrictions would be
placed upon deposits, and producers could
coin value for it. This would be the same
thing as free coinage, and the people of this
coast will he much pleased if the bill be-
comes law. If it did not thoroughly set
tie the matter it would be long stride in
the right direction, and once in operation
we think the results would be so benehc-
ial to everybody, both East and West, lex
cept the gold bugs) that there would be but
little opposition to any future movement to
make the free coinage measure stronger, pro-
sided the Stewart plan was found any way
defective.