New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-20
MR.. WINDOWS SILVER BILL.
PROVISIONS OF THE SECRETARY'S MEASURE
MADE PUBLIC.
TO ISSUE NOTES AT TIE GOLD VALUE OF
SILVER BULLION DEPOSITED IN THE
TREAsURY-PERII.s OF THE sYS
TEN GUARDED AGAINST.

TEN GUARDED AGAINST.
Washingon. Jan l9.-The following is the text
of the bill prepared by Secretary Window for
presentation to Congress authorizing the issue of
Treasury notes on deposits of silver bullion, in
accordance with the plan proposed in his report
to Congress:
Be IL enacted by the Senate and House OF Representa-.
tvcs OF United States IN Congress assembled that any
owner Of bullion. the product Of the mines Of the
United States OF smclted refined in the United
States may deposit the same at any coinage mint or at any
assay In the United States that the Secretary OF the
Treasury may designate and receive therefor Treasury
hereinafter provided for equal at the date Of deposit
to the net value silver the market price such
price be determined by the Secretary Of the Treasury
under rules and regulations prescribed based upon the
price in the leading silver markets Of the world
deposit consisting In whole or I'm part Of silver bull
ion foreign silver coins imported into this country or
bars resulting melted refined foreign silver coins
shall be received under the provisions Of this act
Section 2 Secretary Of the Treasury shall cause
prepared Treasury in such amounts be
required purpose OF the above ton and in such
form and denominations he prescribe prov dod that
shall De OF denomination lc-s than one dollar nor
more than one thousand dollars.
Sec g. That tho notes issued under this act shall be
receivable for customs and a public dues, and when
received into the Treasury De- cissucd. and such
notes when held by any National banking association shall
De counted a. part of IT. lawful reserve.
Sec l. That the issued under the provisions Of
thls ACT shhl De redeemed upon u'Hdhu aL th'
OF the United States the Office Of Assistant Treas
of the United States by the issue Of certificate Of
deposit FOR the of the mote, presented payable at
of The mnts Of the United states In an amount OF
silver bullion equal In value the date Of said certificate
the number dollar, stated therein the market price
q silver. 10 be- determined provided In Section / or
such may be- redeemed In gold CON- at the option Of
the Government provided that upon demand Of the holder
such mote, shall De- redeemed in silver dollars.
Sec >. That when the market price Of silver as dc.
ternlned by Secretary Treasury, shall exceed
81 Tor 37l - grains u pure silver IL shall be- the daty
of the Secretary Of the Treasury 20 refuse 10 receive Dc.
post- II silver bullion FOR the purpose, of this act.
Sec g. That II shall be lawful Tor the Secretary Of tho
Treasury with the approval resident of the United
states 10 suspend temporarily. the receipt Of silver bullion
for Treasury notes az any time when he Is satisfied that
through combinations speculative manipulation Of tho
market the price OF silver IS arbitrary. nominal
hct.t.ous.
See. :. That the silver bullion deposited under this
act represented by Treasury notes which have been
doomed In gold coin or IA silver doar-, be- coined
into standard silver dollars any other denomination u
silver coin now authorized by law for the purpose Of
replacing the coin used IN the redemption Of the
Sec. 3. That much Of the at u February 2s
1875 entitled "An Act 70 authorize he coinage o the
standard silver dollar and u restore IT. lceander char
Scer.' requires the monthly purchase and into
silver dollar, Of not less than - oOooo0 than
Sioo0ooO worth Of silver bullion Is hereby repealed
soc. - That any gain or soriIoracc arising from the
coinage which De- executed under the provisions Of
This act shall De- accounted for and paid into the Treasury,
provided bv existing law.
se %. That silver bullion received under the proyi-
sion, u hl, at shall boz subject 90 Tho requirements II
cNisrue law aud the regulation, OF the mint service
governing methods u receipt, determining the amount
q pure oliver contained and the amount Of charge de-
durtous. u any. 10 De made.
H. That nothing In this act shall be construed TO
prevent the purchase. from time o. tine, be re-
Qufod of silver bullion ior the subsidiary silver coinage
Sec. L.. That -inic nt to carry out the pro.
vision, - hi, act s hereby Appropriated out Of any
money in the Treasury not rsi-e appropriated.
~.r l3. That all acts and part, ot act 10 .ons-tent
Hl.h uYc provisions Of ,hl, at Au. .rehy repealed.
~.c. lf That u.s act sAal. taAe elect Thirty days
fron and ait.r u. Ia..h.c.