The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-01-21
THE WINDOW Sill YER BILL



the text Of the administration bill pre-
pared by Secretary Window, embodying
the silver measure proposed i'm his annual
report, and which will be introduced i'm
the house and senate during the week:
A bill authorizing the issue OF treasury
notes ON deposits of bullion.
Section I. Be IL enacted etc. That any
owner of silver bullion, product of mines
Of the United States, or of ores smelted or
refined i'm the United States, may deposit
United States that the secretary
of the treasury may designate and receive
therefor trea ury notes hereinafter pro-
vieied for equal at the date OF deposit OF
the net value of such silver at the market
price, such price to bc determined by tho
secretary of the treasury under the rules
and regulations prescribed, based upon
the, price current i'm the leading silver
markets of the world; but no deposit coI-
ssting in whole or in part of silver bullion
or foreign silver coins imported into this
country. or bars resulting from being
ceived under the provisions of this act.
Sec. .. That the secretary of the treas
ury Ia Ill cause to he he prepared treasury
notes i'm such amount as may be required
for the purpose of the above section, and
i'm such form and denomination as may
prescribe. provided that no notes shall be
more than one thousand dollars.
Sec. ). That notes ISSUED under this
act shall he receivable for customs, taxes
and an public debts and when received
into the treasury may be re-issueti, and
such notes when held by any national
banking association shall be counted u
part of it's lawful reserve.
Sec. 4. That the notes issued under the
provisions of this act shall bc redeemed
upon demand at the treasury of the United
States, or at an Office of an assistant
treasurer of the United States by the is
sue of a certificate Of deposit, for the sum n,
the mints of the United States i'm an
amount of silver bullion equal i'm value ON
her of dollars stated therein mt the mar
ket price of silver, to be determined as
providesl i'm section !, or such notes may
of the. government, provided that upon
demand of the holder such notes shall he
Sec. 8. That when the market price of
silvcv as. determined 10y the secretary of
! treasury shall exceed ono dollar for Bal %
| of the secretary of the treasury to refuse
| to receive deposits of silver bullion for the
| Sec. e. That il shall he lawful for the
secretary OF the treasury. with the APP.
| provai of the president of the United
| of silver bullion for treasury notes at any
| time when he is satisfied that through
co,nbinations or speculative manipula-
arbitrary, nominal or fictitious.
Sec. z. That silver bullion deposited
under this act, represented by treasury
notes which have been redeemed i'm gold
| coin or i'm silver dollars, may be coined
| into standard silver dollars any other
| denomination of silver coin not authorized
by law for the purpose of replacing the
| coin used in the redemption of the notes.
| Sec. 3. That much OF the net of
\ February q, 1873, entitled IAN act to
| authorize the coinage OF standard silver
dollars and to restore it's legal tender
character" requires the monthly pur>
chase and coinage into silver dollars OF
not less than S2.OOO,OOO nor more tina IN
| "a, 4,OOO.OOO worth of silver bullion, is hereby
| repealed.
Sec. Q. That any gain or shrink age aris
/ ing from coinage which may he executed
under the provisions OF this act, shall he
accounted for and paid into the treasury
as provided by the existing law.
| Sec. 10. That silver bullion received
under the provisions of this act shall bs
| subject To the requirements of the exist
ing law and regulations of the mint SER
| vice. governing the method of it's receip
| and determining the amount of pure sill
| yer contained and the amount of the
| charges or deductions, IL any To he made
/ Sec. IL. That nothing in this act shal
| he construed to prevent the pure hase from
| time to time. as may he required of silver
| bullion. for subsidiary silver coinage.
| Sec, IL. That sum sufficient to carr.
| out the prov isions of this a6t is hereby ap
/ propriatetl out of any money i'm the treas
| ury not otherwise appropriate I.
| Sec. IA. That this act shall take effec
| 30 days from and after it's passage.