, 1890-01-23
THE SILVER PROBLEM.
Provisions of Secretary Win
dom's Bill.
THE ISSUE OF CERTIFICATES.
S!milar in Character to His An
NAL Report-lt VIII BE Pre-
sented This Week.

wAsDtNGros, Jan. N--Followlng Il
the tGSt Of the g"minisuatiOn bill pre-
pared by Secretary Window, embody
ing the silver measure proposed in hi'
annual report, and which will be intro
duced IN both houses OF congress during
the Coping week A bill authorizing th'
issue VI treasury notes on deposits o
silver bullion Be ii enacted, ETC.. Tha
any owner of silver bullion, the produc
of tho United States, or OF orps smeltoc
or rehned IN the unitod States, may de
pOsit TIE same at any coinage mint, OF
at aDN assay Office in the United states
that tue secretary vi the treasury may
dcslgHyte ana issue therefor treasury
notes hereinafter provided for, equal al
the date Of the deposits to the net value
of such silver at the market price, such
price 10 be determined 10y the secretary
OF the treasury, under the rules and regu-
lations prescribed, based upon the prices
Cutrcht in the leading silver markets ol
tho world but that no deposit, consist
ing in whole or in part of silver bullion
or OF roreign silver coins imported into
this rouutry or bars resulting from
melted or refined foreign silver coins
shall 10 received under the provisions OF
this Act
Sec, e--That the secretary of the treas.
ury shgll cause TO be prepared treasury
notes ip such amount as may be re-
quireu for tue purposes Of the above sec
tion, ard IN such forms and denomina-
tions az he may prescribe, provided that
no note Sd al he of denomination less
than VI Or mole than IL 900.
Sec, 3->That the notes issued under
this act shall be receivable for customs,
taxes ana All public debts, and when re-
ceiycQ in,o the treasury may be reissuoi,
and th1t such notes, when held by any
natiohal banking association, snail be
counted Il pur, OF its national reserve.
Sec, ~ hat the notes Issued under the
pTOyNIOu- Oi tuIs act shall he redeemed
upou DEMAND at the treasury ot the
United states or ut the Office OF an as.
sistant tTyasurer Of the United States by
the Issug Of q certificate Of deposit for the
notes So Ife.cnlet, payable at one of the
mintS Or the United states in an amount
Of -.lNGr 6uilion equal IN value ON tho
date Vt sad certificate to the number vi
dol.uNs stated therein 40 the market price
OF suNcf, 20 pc determined Us provided In
section l. or such notes may he redeemed
in gold coin at the option OF the govern
mont provided that upon the demand OF
the ioiIer sGch notes shall be re-
dCcuivJ In silver dUilats.
scc, A-Hnat when the market price
Of stlNef - determined 10y the secretary
Of NV 'tea>urv, 1hnll exceed one dollar
for 31l Gj gtains for line silver II shall be
the duty OF the see 'Otary OF the treasury
to reiu.e 20 receive deposits OF silver bull
ion l4r the purposes OF this act.
Sec OF hat it shall be- lawful for the
-ccrclafy OF the treasury, with the ap.
pruyNl OF the president of tho United
StattN, 10 suspend temporarily the re-
ccipt VI silver bullion lor treasury notes
vt any tInc when he is satisfied that,
throsgh combinations or speculative
manipp platuns, the mariSet price Of sill
yIr ia arhiirpTy, nominal Nr fictitious.
Sec, 7-~Gnat silver bullion deposited
unHce this act, represented by treasury
notes, which have been redeemed in gold
coin, uC IN silver dollars, may be coined
into sthhdard dollars, or any other de.
nomiubtiOn OF coin auth OriLed 10y law
for the purpose of replacing the coin
used IN tic redemption of the notes.
sec, b,-.lhnt so much of the act OF
FeDrNgry Is, ISIS, entitled IAN act to au-
thortsg tie coinage OF standard silver
doll1es, and TO restore its legal tender
ChurActer as requires the monthly pur-
chase ghd coinage into silver dollars oi
not lvss tnan 100000 nor more than
SION, 900 worth OF silver bullion, is
hereby repealed.
Sec, 0--rhat any gain or shrinkage
arising from the coinage which may be
eNeCpled Under the provisions of this
6ct shall be accounted tor aud paid into
the neasury, as provided by the existing
law.
sec, tO~-1'hat the silver bullion re-
ceiyeu Under the provisions OF this act
shall be subject to the examination oil
the existing laws and the regulations OF
the nlint service governing the methods
of The receipt, and dctcrmining the
umoNut of tiue silver contained and the
amONnt Of the charges or deductions,
If any, to be made,
SEQ. ia hat nothing in this act shall
be cnnitrned 10 pre9ent the purchase
fIom time to time, as may be required,
OF si'vGr bullion for subsidiary silver
coinage.
Sec. l2~-That sum sufficient TO carry
| out the provisions OF this act is hereby
Appropriated out of any money in the
treasury not otherwise appropriated.
SEQ. la--Thut all the acts and parts of
acts inconsistent with the provisions ol
tins act are hereby repealed
SEQ li--Ihat this act shall take effect
thirty days from and ailer its passage.