Telegram-herald., 1890-02-26
THE SILVER BILL.
u IL Explained by Its Author.
Secretary Window
WY Hg rHIsES II SHOULD PASS
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WAsHlz8Eo1, Eeo- .. - cecf-tArs
Wiad0n made al srggyaent before the
House coinage committss Monday IN
teAzlf Of as silver bill he declared
kimsslf strong friend Of silver and
said he sas anxious for soms measure 20
advances IL value. re dsnisd the charge
thai shs bill was a nskeskift broGght
forward 20 defeat some other MEASURE,
sax asserted thzt Is as framed % meet.
"A the best szy 40 could devise. ths
present financial condition Of the coun-
Ey.
Ar. Window thea tcok up In their
order the objections that have been
raised against bis bill To meet the
cinculty q excluding foreign ores IA
had prepared IA 4mentnent providing
that al Imported silvsr coin aad ballion
asd It's prOdlc SHALL % stamped with
ths word '-ioreiga.'
In speaking 10 the objection that the
bil made a con- modify OF silver the
Secretary sad 40 thought this WAS
sentimental obisctioa- His purpose VAS
not % degrade silver, bat TO bring
it Up a. nearly as hs could 20
an equality With gold There was
had deprecated in value aud that
gold bad appreciated, but In his judg-
ment the present bill would DC a reme-
dy for that trouble. He was convinced
that the measure would meet all the
needs ~ the situation without ondan-
sering the interests OF ths country. and
would zbsorb the surplus OF silver and
thereby put up It's price certainly and
rapidly
In answer TO a question Mr. Window
said there would not be any reasonable
objection 10 including gold in the FIRST
section Of the bill To benefit the in
teress Of tho silver producers was
not the only motive In the bill
lie thought the wheat rsisers OF the
country were more interested than
the silver people. for the farmers
were heavy losers on account Of the
depression in silver, and the operation
OF this bill would tend 20 raise the
prices OF farm products. Fres coinage,
Mr. Window said, would reduce the price
OF silver below It's present value. The
present bill would increase the circula-
tion OF the country 70 the extent Of
$4,000. 900 annually.
SENATE.
WAsHISGroS, sFeb. o5-In the Senate
Monday Senator Vance(N. c. introduced
bill 70 establish in every county of each
OF the several States United States
agricultural depository. TO be under the
control OF the Treasury Department
The conditions Of the bill prescribe that 20
secure th- establishment Of such a de-
'pository the average gross amount per
isunum of cotton, wheat. corn. oats and TO-
bz.cco produced and sold IN county
for two years previous must exceed
10000. The bill also provides that 100 citizens
% The county shall petition the Secretary OF the
Treasury requesting him 20 locate such de-
pository add 70 sppoin, manager, who shall
give bond for the faithful perform ance
az bis duties. The bill further pro
vfdes that any owner OF cotton.
rEsst corn. oats or tobacco may de
posts the same N the nearest depository and
receive therefor Treasury notes equal 20 20 per
cent. Of the net value of the market price OF
shs products The manager OF the depository
snan give % the depositOr a warehouse re
ceipt showing the amount, etc, OF the deposit
ns value, TIE amount Of notes advanced
and tnat the interest on the money I'd
-anced e az the rate of per cent per anuum.
These deposits % cotton and other staples n az
u redeemed by t5s holder OF the warehouse re
eeipt At any depository By tas surrender OF the
reosi1t and the payment in lawful money by
tba depositor Of the amount originally ad
vanced and such further amount as may be
uscessary 20 discharge all interest that may
have accrued against u and all insurance
warehouse and othsr charges. The term o.
ernce for a manager Of a depository all be two
years Ths SUN of 10000 is appropriated q
carry out the provisions Of the bill
Senator Paddock (Neb.) introduced ar
amendment 70 the interstate com
nsrce law granting the commission
power 70 suspend temporarily the lons
and short haul clause by reducing the
rate for long haul whenever there Is 4
depression in the market for food prod
ducts
Bills were introduced appropriating
800, 900 fo- public building At Mans
field. O., slOo, 600 for one at Yankton
s D.. 500. 900 for one az Newburg. n
Y. and $500. coo for one At Wichita
Falls Tex.
After brief discussion Of the Blair
educational bill the Senate adjourned
NoNuN aTIoNs.
wAsHrysroS. Feb. 26-Ths President
has sent 90 the Senate she following
nominations: Harold VI. SewslL oi
Maine. 20 Be Consul-Genersl OF "a.
United States at Apia-
To be Consuls Of the United States
Henry W. Andrews. az Ohio. a. Hsnkow
John Fowler. OF Massachusetts,. q
Ninrpo. william B. McCresry. OF Mich
sxan. a. Valparaiso, John Steel Twells
OF PENNSYLVANIA. az Naples