The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1890-01-31


Text ~ tho nnl Prepared by Secretary
Window Authorizing the Issue ~ rrcas-
ury Notes an Deposits of silver ituuicr.
WASHINGTON, Jan. 20 Tho following
Is the text o. a bill prepared BY Sccrc-
tary Window for presentation 10 Con-
grcss authorizing the issue Of treasury
notes on deposits Of silver bullion, in
accordance with the plan proposed in
his report 20 Congress:
BE IL enacted BY the senate and House 81
Representatives ~ the United States ln Con-
greS~ assembled. That any owner of silver
bullion. the product " the mines Of the
United states. or OF ores smcitcd or refined
In the United states. may deposit the same
NJ any coinage mint or AZ ASSAY ONCE IN
the United states that the Secretary ~ the
Treasury may designate and receive thcrc-
for Treasury notes hereinafter provided
for equal at the date OF deposit to
the net value ~ such silver ~ the
market price. such price 10 be determined
by the secretary ~ the Treasury under
rules and regulations prescribed, based upon
the price current Ia the leading silver mar
kcts Of the world Hut no deposit consist.
ing in whole or IN part Of silver bullion. ~
foreign silver coins imported into this conn
Try. or bars resulting from melted or refined
foreign silver coins. shall be received under
she provisions Of this act.
See =. That the secretary Of the Treasury
shall cause 20 be prepared treasury notes ia
such amounts may be required for the
purpose Of the above section. and In such
&orm and denominations as he may pre-
scribe PROV ided that no nctc shall be- of any
uenolnlnatlon less than Il nor more than
100.
Sec. & That the notes issued under this act
shail be receivable for customs. taxes and
MI public dues. and when received into the
treasury may b. rcl~<ucd, ana such notes
when held ~ any National banking a~soca-
tion shan b. counted a. part OF is lawful re-
serve
See. 4. That the notes issued under the
provisions or this act shall be redeemed
upon demand al the Treasury 81 the United
States or at the office Of an assistant treas
urer Of the United states by the issue Of 4
certificate OF deposit for the sum Of notes 80
presented, payable at one OF the minis 81
she United states in an amount OF silver
bullion equal in value on the date Of said
certificate 10 the number Of dollars stated
shercin at the market price of silver. 10 be
determined as provided in section /, or such
notes may be redeemed in gold coin at the
option Of the Government, provided that
upon demand Of the holder sach notes shall
be redeemed ia silver dollars.
Sec. 5. That when the market price OF sill
yer. as determined by the Secretary Of the
Treasury. shall exceed 81 for 37l.2j grains OF
pure silver. e shall be the duty OF the >ecre-
tary OF the Treasury 10 refuse to receive the
deposits OF silver bullion for the purpose Of
this act.
Sec. s. That il shall be lawful for the Sec
rotary OF the Treasury. with the approval Of
the President OF the United states. to sus-
pend. temporarily, the receipt OF silver bull
ion for treasury notes at any time whea he
Is satisfied that through combinations or
speculative manipulation Of the market this
tious.
Sec. 4 That the silver bullion deposited
under this act, represented by treasury notes
which have been redeemed ia gold coin or In
silver dollars. may be coined into standard
silver dollars. or any other denomination "
silver coin now authorized BY law. for the
purpose Of replacing the coin used ia the re-
demption Of the notes.
See. 8. That 80 much Of the act Of February
.. ISIS. entitled IAN act 10 authorize the
coinage OF the standard silver dollar and to
restore is legal tender character" a. re-
qurcs the monthly purchase and coinaga
into silver dollars ~ not less than S..opopJ 4
nor more than si,o0J.Oco 81 silver bullion. Is
hereby repealed
Sec q That any gain or coinage arls-
ing from the coinage which may be exc
cuted under the provisions Of this act shall
be accounted Tor and paid into the treasury
as provided by existing law
Sec 10. That silver bullion received under
the provisions Of this act shall be subject - |
the requirements OF existing law and the
regulations Of the mint service. governing \
the methods OF receipt. determining the
amount of pure silver contained and the
amount or charges Of deductions, II any, to I
be made.
Sec. II. That nothing In this act shall be Y
TO prevent the purchase from
time 20 time as may be required. Of silver
bullion for the subsidiary coinage.
See. ~. That a sum sufficient 70 carry out \
the provisions Of this act a. hereby appro-
prlatcd-
sec. -. That all acts and parts OF acts in
consistent with the provisions Of this acs
are hereby repealed.
Sec. u. That this act shall take effect thirty
days after its passage.