The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-02-26
WINDOWS BILL.


He Explains His Views Before . House
COMMITTEES.
WAsHrucrcN CRY, Feb. M.-Eecretary
Window appeared before the House COM
mittee on coinage. weishfs and measures
for the purpose Of an Inheritance of opin-
ion on the subject Of coinage with the mem.
hers OF the committee. He declared that
his bill vas framed to meet In the best way
he could devise the present financial con-
dition of the country. He disavowed al
charges thst the hill vas . makeshifk Its
artho- did not believe IN the stand that Il
was brought forward TO defent aome other
measure. He saia ne was really . strons
friend Of silver. although some people did
not think 90 and he vas anxious for some
measure that will enhance iss value.
Window took mp objections raised
against The hill. The first difficulty was
thst OF excluding foreign ores. To meet
this he had prepared an amendment IN add
tn The first section, making IL the dutv OF
collectors OF customs IN stamp on every
bar OF silver bullion imported the word
Foreign"
II also makes Il the duty Of everv as
saver or refner OF the United States. or any
other person or firm who NAV receive bars
II silver Stamped Foreign in case such
bars are reme'ted or refined. to stamp the
resulting bars FOREIGN" In case hars OF
silver alarmed Foreign" are remel,ed or
refined with silver products of fhe United
States. II shall b. the du.v OF such assaver
or -efner to stsnp on an amount of silver
bsrs which shsll be equivalent to the
amount Of foreien silver melted or refiaesi.
the word Foreign The same rni@ shall
apply to foreign silver coins. Penalties are
provided for failure 10 stsmp bars or for
removing s'amp tn prevent identification
The sec,i,n shall not amply to silver ex-
tracted from imported ores by process of
smelling, amaleamasion. fxivistion or
other metsllurgical process used In the
United Sta'es.
Concerning the objection 10 the sixth
section anthoriz'ne the secretary - sus-
pend receipt Of liver bullion when satisfied
the price is arbitrary. the secretary said.
so far ~ the speculative rower vas con-
cerned. the powers Of the secretary now
are rr~afer than those conferred on him w
The bill II the hill PASSED the price Of 81
yer wonid. in his opinion. advance steadily
and rasiilv.
An excellent feature of the Discretionary
power vested In the secretary would b. "a.
deterrent effect on speculation in silver
and IL was with reference TO rreventiuy
this rather than any expectation OF using
II. thar he proposed H. He. however.
would leave II TO the COMMITTEES.
In speaking OF the objection that m. ki'l
made n commodity OF silver and dagrsd
II from it, high use as money metal. the
secretary said he thought tbs a s@nti
mental objection. His nurnos> was not 10
demonesizr silver, Init to bring il nm a.
nearly ss he eouId tn ar go ,sli'y with 20 4.
He was convinced thar tn ns-sure wouls
meet all the needs Of tn situation with. ut
endanr~r'ng the interests III the country.
and would sbsorb the surplus silver. aud
thereby put up its price certainly and
rapidly.
In answer To question hy Cnnser. ne
said there was not snv reasonable Oder
ton In inc ''dins gold in the hr-t section O
the bill. To hensht the interests o. SILVER
produe rs was not the on'y mo i've OF the
bin. lie believed in aiding everybody af-
feefed ev the measure He tbourht IN.
wheaf-raisers OF the country more inter
e>tesi than the silver psopis. for farmers
were heavy losers on sacooant Of The de-
preston in silver, and the operations 81
the biIl would tend to raise the prices of
farm productions.
Free coinag~. Window said, would re-
duee ssive, below IT'S present ysItie. The
present. bill would incrpa<e the circulation
of the country o. The extent OF SIS 600 600
sunuaIlv