The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-01-20
WINDOWS CURRENCY.
Text Of the Bill for Utilizing
Silver.
WORK PLANNED FoR CONGRESS.
The weria'. Pair caHsnIssse Likely TO
BE Appointed seen BILLS
Ready Ter Action.

WksHfHs1os CgrY. Ian. Following
i ts4e text Df tie administration asll pre-
paHea ~ Secretary Nins0n. eEa5edying
tI1e silver nseAsure proposed ii Lis annual
report, and which vii be introduced il
both House sna senate during the eomiag
weak. II Is entitled. A bib a1sh0rix ng
the ssslle q treasury notes on deposits OF
silver billion 2
BE II enacted. etc. that any owner Of
silver hglision. tie prudaet Of the mines OF
tbs United States eT 81 ores smeit9d or re-
Eizef in the Uniled States. may deYoSif the
sSnie at aay coinage mint or az Any assay
Office in Ffse Unltei States that the secre-
aATy OF the treasury nlay designate. and
receive therefor areasury notes, hereinafter
pFeviaed for, equal as date Of deposit of
the net value OF such silver al
the market pries, such Price 10
ne determined by the secretary Of the
treasury under rules aud regulations pre-
seated, oased aJon toe price current IN
tie leaaing silver markets Of the world !:
sHt no geposit consisting IN whole or In
part oi ssyex bullion or foreign silver coins
imported igio this country. or bars result
isg from melted or refines5 foreign silver
celEs shall be received under tie pr visions
Of shss act
section . That the secretary of the
treas ury shall cause 10 be prspAfAa
treasury notes In such amount as may be
required fer the purpose OF the above
seclson and in such form: and de-
nomination as may be prescribed.
provided that no notes shall be
81 denominations less than 81 or more than
Sl,neo
sec. 8. That note issued under this
act shall be receivable for customs, taxes
aud al public debts. aud when received
into The treasury may be reissued, and such
notes when held by any national banking
assoelation. shall be counted part offtslaw-
fai reserve
sec. 4. That notes issaed under the pro-
visions of this act shall be redeemed mon
demand al the treasury Of the United
states OF atthe oifice OF an assistant ifeas-
uTer Of the United States by the issue OF q
certificate of deposit FOR the sum OF notes 50
presented payable al enc of the mints OF the
United states in an amount IL silver
bnliioa equas in value on the date of said
certificate 10 the number of dollars stated
therein At the market price OF silver, 10 be
determined as provided in section 1 or
such notes may b. redeemed IN gold coin
AZ the option OF the government, provided
that upon demand oi tue holder sach notes
shall ne redeemed in silver dollars.
''Sec. 5. That uhen the market price of
silver. as determined bv the secretary OF
the treasury. shall exceed 3 for 37l. 25
grains FOR pure silver 1t shall be the duty
of the secretary of the treasury 10 refuse
10 receive deposits Of silver bullion for pur-
poses Of this act
sec s. That il shall be lawful tor The
secretary OF the treasury, Nth the ap-
proyal ol the president. 10 suspend tenn
pnrarily tile reesirt 81 silver svr treasury
noles at arg time he IS satisfied that there
Is any speculative manipulation Of tho
market price of silver. making it arbitrary,
nominal or ficfitions.
Sec z That silver bGiiion deposited
under this set and represented by treasury
notes. which hRye been redeemed ia gold
coin or IN silver dollars. may be coined
into standard silver dollars to any other
denomination of sllYer coin not authorized
by law, for the purpose of replacing coin la
the redemption OF notes
'.sec. 4 That SO much OF the act OF Feb
raary -. 1878 entitled, sAa act to author
za the coinage of she standard silver dollar
aud 10 restore is legal tender character, as
requires the monthly purchase aud coinage
into silver dollars of uot less than s.. 600 ooo
nor more than $i.01aoQ0 sorth Of silver
bullion, Is hereby repealed.
sec. 8 That any gaia or shrinkage aris-
ing from coinage which may be executed
under the provisions OF this act shall be
sceoanted for ana paid into the treasury as
provided by the existing Law.
s.E....r Hs.ttsf.xs ,s...ssN-..9
der provisions Of this act shall ba subject
70 rae requirements OF the existing las and
The regulations of the mint service goverfi-
.ag she methods Of receipts, determining
tar amount o. pure silver contained and
ths amount of charges of deduction il any
are 10 be made.
sse. IL That nothing in this act shall
be construed 70 preveat purchase from time
70 tiEne IS may be required, Of silver but-
llon for subsidiary silver eoinage.
''See. H. That sum sufficient 20 carry
otls tie provisions of mis- ael is hereby ap-
pfeprlAisd oni q any neaey IN the treas
nry noi otherwise appropriated.
SEC. IS. Thst sit acts AMI parts Of acts
inconsistent Sith the provisions d this act
are hereby repeated.
esec. H. That this acs shall take effect
thafty Ga.c iron2 aud astef - passage.
sopTaKnN QUESTION.
The Southern question, IN various
phases, Wis eeogpy largs part Of the time
of the Senate during the * miug week.
A featgFe of fha week Is expected 70 be
insal.s' exposition of his vtews Nth re-
gard 81 tse Soash and the political sssaa-
den there.
NNw nFEHS.
Bills Ecr the admission II Wyomiug ard
the orgarszatsoa az territorial form Of
government in Oklahoma. VII BE reported
iavoFaa.y.
1He @avs ard means COMMITTEES = pre-
Pared 70 repoF. sua tie honse 20 take np
liae adsaiu sFvassye esssau1s aiii. Asad a. iris
Is a MEASURE og eFsAt iangth anA complies
5iag Il may BE expeeEe3 20 occupy she 81
feasion % the Fiouse Fo- number a sass
whea Il Is under sideFaHaa.
a