The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1889-12-05
WHAT Mr.. WINDOW SAYS
nk Great Scheme to Settle tho Silver
Question nade Public.
Ne Fsv~r- the stepesi os shs Compussory
feasarcs OF the l'r~ss as Cola
age Act-f~as0rcs of
nts Report.

WAsHINGToN, Dec. 4.-ln his annual ~
purt Secretary of the Treasury Window
discusses the silver question at great
length and makes the following recon-
msnsiation i'm place of the various pro-
poeed plans tai the Increased free
coinage Of silver dollars:
''lssue treasury notes against the depos-
u OF silver bullion at the market price of
silver when deposited. payable on demand
IN such quantities at silver bullion will
eqaal in value, mt the rate Of presentation.
the number Of dollars exprcssssl ON the
faCe of the notes at the market price OF
silver, ar i'm gold, ut the option of the gov
ers>ment, ar in silver dollars at the option
Of she holders. Repeal the compulsory
feat,,res of the present coinage act."
He continues: The proposition IL brief
~ ehs: To open mints of the United
STATES To free deposit of silver al the
market value of the same, not to exceed
q for 412.5 grains of standard silver at the
tisno of deposit, to he paid in treasury
noeus. said notes tn l,e resleesnahle i'm tho
quantity of silver which could bc pur-
cl,ased by the number of dollars pressed
ON the face Of the notes at tho time pre-
sented for payment, az in gold mt thc OPP
tion of the governments, and to he rsceiv-
dues. and when SD received they may
be reissued: and such notes when
a..ociati3n shall he conntci as part Of lis
lawful reserve. The secretary OF the
treasury should have tli scrstiouary power
60 suspcnd temporarily the receipts OF
silver bullion for payment i'm notes when
necessary to protect the government
against combinations formed for the P,ir-
pose of giving an arbitrary and fictitious
price to silver. II the price of silver
slsoslld advance between the date of issue
OF the note and it's payment the holder of
the note would receive ~ less quantity OF
silvcr thnn deposited, hut the exact guam
tity which could he bought i'm the market
with the number of gol0 dollars called
for 6v his note at the day of payment.
II tho price should decline he would
receive more silver than he deposited, hut
the quantity which could he purchased
with the number of gold dollars ca He'd for
by his note at the time presented for pay
men& The advantage OF retaining an
optioea to redeem in gold In three fold: {:
noteg4 pecond, it would psevcnt tlse with
MI and re<icposit 81 silver for specu-
lative purposes; third. il would afford u
convenient method OF making change
when the weight of silver bars does not
correspond with the amount OF notes.
Among the advantages which the -ecrs,-
tary claims for the measure ars. that IL
would bring into uss. all the money metal
of the country. Ii would give ~ paper
currency not subject to undue arbitrary
imitation or contraction; il would enhance
free coinage; gold would he relieved of
part of the work required OF IL; il would
meet the wants of those desiring "a larger
volume. of circulation and il would b. adj
vantageo,is to the silver producers.
The secretary gives many facts and
figures tending to support the position
taken by him.