The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-01-20

Following is the text of the ndministra.
tion bill prepared by Secretary Window,
embodying the silver measure proposed in
his annual report, and which will he intro
duced in both houses and senate during the
coming week.
bill authorizing the issue of treasury
notes on del osits of silver bullion; be il en-
acted, etc, that any owner Of silver bullion,
product Of mines OF the United States. or of
ores smelted or refined in the United States
may deposit the same At any coinage mint
or at any assay Office in the United States
TINT the secretary of the treasury mRy
designate and receive therefor treasury
notes hereinafter provided for The equal at
date of deposit of the net value Of such sill
yer nj market price, such price TO be deter
mined by the secretary OF the treasury under
rules aud regulations prescribed, bnsed
upon the price curr mt in the leading silver
markets of the world, but no deposit CON
sisting in whole or in part Of silver bullion
or foreign silver COINS imported into this
country or bars resulting from melted or
refined for ign silver coins shall be received
under provisions Of this act.
Sec. 2 That the secretary of the treasury
shall cause to be prepared treasury notes in
such amount gs niny bs required for the
purpose of the above section, and in such
| form nnd denominations as he may pre-
scribe provided that no notes shall be OF n
denomination less than one dollar or more
than one Thousand dollars.
Sec. 3. That notes issued under this acl
shall be receivable for customs, taxes, and
all public debts, and when received into
the treasury may be reissued and such notes
when held by any national banking associn
tion shall be counted part Of its lawful re-
serve.
Sec. l. That notes issued under the pro
visions Of this act shall be redeemed upon
demand nj the treasury Of the United
States or at the office Of assistant treasurer
of the United States by The IA ,ue OF n GER
tiiicato Of de- tposit for the sun Of notes 30
presented, payable at one of the mints
the United States in an amount of silver
bullion equal IN value on dAts OF said GER.
tliicatc To the number OF dollars stated
therein, at the market price of silver, 20 be
determined AS provided in section one, or
such notes may be redeemed in gold coin at
the option OF the government provided
that uron demand the holder of such notes
shall be- redeemed IN silver dollars.
Bee. q That when the market price of
silver. a. determined by the secret0 of the
treasury. shall exceed 81 for 36J. 10 grains
Of pure silver. II shall be the duty of the
secretary of the treasury 10 refuse 10 receive
deposits OF silver ullion for the purpose of
this act.
Sec. g. That IL shah be lawful for the
secretary of the treasury, with the approval
OF the president Of the United States, TO
gupend {, mpOfaFilY the receipt OF silver
bullion for treasury notes nj any time when
he is satisfied that through combinations or
! speculative manipulation Of the market price
/ of silver ~ Arbitrary. nominal or fictitious
Sec. l. That SILVER bullion deposited un-
der this act represented by treasury notes
which have been redeemed in gold coin or
silver dollars, may be coined into standard
silver dollars or any other denomination of
/ silver coin not authorized by Law, for the
purpose Of replacing coin used Ia the re-
| deInption OF notea.
Sec. 8. That 10 much Of the Aei Of Pebru-
ary -, ls7s, entitled IAN act 60 authorize
coinage OF standard silver dollars and TO re.
I store It's legal tender character" ns requires
monthly purchase end coinage into silver
+ dollars 'f not lesg thnn 10000 q nor more
| than $40 O0O worth II silver bullion, "
hereby repealed.
! Sec. o. That any gam or shrinkage arising
I from coinage which may be executed under
| the provisions Of this act, shnll be account
ed for and puid into the treasury as pro
yided by existing law.
Sec. 10. That silver bullion received III.
der the provisions Of this act shall be sub
iect 20 the requirements Of the existing law
Hnd regulations of the mint service, govern
ing methods Of n ccipt, determining the
amount Of pure silver contained and the
amount OF charges or deductions. II any, 70
be made.
Sec. IL. That nothing in this act shall be
construed 20 prevent the purchase from
time 10 time. ms may be required. Of silver
bullion for subsidiary silver coinage.
| Sec. r. That sum sufficient 70 carry