The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1890-02-15
WINDOWS SILVER BILL.

t6ry WlnuOul, ompOUy ih6 'H~
measure to be proposed in his annual
report, and which has been intro
duced In both the House aud Senate;
A bin authorizing the issue OF Treas
ury notes on deposits oil silver
bullion.
Be it enacted, etc., That any owner
of silver bullion, The product of mines
In the United States, or of ores smelt-
ed or refined in the United States, may
deposit the same at any coinage mint
or at any assay office in the United
States that the Secretary OF the Treas
ury may designate, aud receive there
for Treasury notes hereinafter pro-
vided for equal at that date OF deposit
10 the net value of such silver at the
market price, such price to be deter
mined by the Secretary of the Treas
urv under the rules and regulations
prescribed, based upon the price cur
rent in the leading silver markets or
the world; but no deposit consisting
in whole or in part OF silver bullion
or foreign coins imported into this
country or bars resulting from melted
or refined silver coins, shall be re-
ceived under the provisions OF this
Act.
Sec. 2. That the Secretary OF the
Treasury shall cause TO be prepared
treasury notes in such amounts as
may be required for the purposes OF
the above section, and in such form
and denominations as he may pre-
I'D hot mn
be of denomination of less than one
dollar or more than one thousand
dollars.
Sec. 3. That notes issued under
this act shall be receivable for Gus
toms. taxes and all public debts, and
when receivable into the Treasury
NAV be reissued, and such notes when
held by any national banking associ-
alton shall be counted part of its law
full reserve.
Sec. 4. That notes issued under
the provisions of this act shall be re-
deemed on demand at the Treasury
of the United States, or at the office
of an assistant treasurer OF the Uni
ted States, in an amount OF silver
bullion equal in value OH the date OF
said certificate TO the number ol-dcl-
lars stated therein at the market price
of silver, 10 be determined as pro-
vided in Section one; or such notes
may be redeemed in gold coin at the
option OF the Government, provided
that npon demand the holding Of such
notes snail be- redeemed in silver
dollars.
Sec. s. That when market price of
silver, as determined by the Secretary
Of the Treasury, shall exceed 37l.25
grains of pure silver, 1t shall be the
duty of the Secretary of the Treasury
W refuse to receive deposits OF silver
bullion for the purposes of this act.
Sec. 6. That it shall be lawful for
the Secretary of the Treasury, with
the approval of the President of the
United States, to suspend temporarily
the receipt OF silver bullion for treas
ury notes at any time when he is sat
is6ed that through combinations, or
the speculative manipulations OF the
market price of silver, 1t is arbitrary,
nominal or fictitious.
Sec. 7. That silver bullion depos-
tied under this act, represented by
treasury notes which have been re-
deemed in gold coin, or in standard
silver dollars, may be coined into
standard silver dollars, or any other
denomination of silver coin now au-
thorized by law, for the purpose OF
replacing coin used in the redemp-
lion OF notes.
Sec. 8. That so much of the Act of
February %, 1878, entitled "An Act
authorizing the coinage of the stand
ard silver dollar and to restore its
legal tender character as requires
the monthly purchase and coinage
into silver dollars of not less than
81, O00, 900 nor more than $4,000, 900
worth of silver bullion is hereby re-
pealed.
SEQ. 0. That any gain or shrink
age arising from coinage, which may
be executed under the provisions of
this act. shall be accounted for and
paid into the Treasury as provided by
in the existing law.
Sec. 10. That silver bullion received
under the provisions of this act shall
be subject to the requirements of the
existing law and regulations of the
mineral service, the governing meth
DDS of receipts determining the
amount OF charges or deductions.
Sec. IL. That nothing in this act
shall be construed to prevent the pur-
chase from time to time, as may be
required, OF silver bullion for sub
sidizing silver coinage.
Sec. IL. The sum sufficient to carry
ont eha vrnufofNnS ~ this m Sc haze