Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1890-01-20
FROM ALL QUARTERS.
SECRETARY WINDOWS BILL.
Treasury Notes For Silver
Bullion.
MURDER OF A HERMIT.
Interesting News From All
Parts of the World.
A SLElenIke ACCIDENT.
The steamer City of
Worcester Again A float.
A sLEleAINe ACCIDENT.
SECRETARY WINDOWS GALL

Authorizing the Issue OF Treasury
Notss on Deposits Of silver Bullion.
WASHINGTON, Jan. 1S.-The following is
the text of a bill prepared by Secretary Win
dom for presentation to Congress authorizing
the issue of treasury notes on deposits of sill
yer bullion in accordance with tho plan pro-
posed in his report to Congress:
Be it enacted by the Senate and House of
Representatives of the United States in
Congress assembled:
That any owner of silver bullion, the pro.
duct of the mines of the United States or OF
ores smelted or refined in the United States,
may deposit the Same at any coinage mint or
1T any assay Office in the United States that
the Secretary of the Treasury may designate
and receive therefor treasury notes herein
after provided for equal at the date of deposit
to the net value of such silver at the market
price, such price to be determined by the
Secretary of the Treasury under rules and
regulations prescribed based upon the price
current in the leading silver markets of the
world; but no deposit consisting in whole or
in part of silver bullion or foreign silver
coins imported into this country or bars re-
sulting from melted or refined foreign silver
coins shall be received under the provisions
of this act.
Section 2-That the Secretary of the
Treasury shall cause to be prepared treasury
notes in such amounts AZ may be required
for the purpose of the above section and in
such form and denomination as may be pre-
scribed, provided that no note shall be of q
denomination less than 81 nor more than
1000.
Section 3-That the notes. issued under
this act shall be receivable for customs, taxes
and all public dues, and when received into
the treasury may be issued IS such notes,
when held by any national banking associa-
ton shall be counted as part of it's lawful
reserve.
Section 4-That the notes issued under the
provisions of this act shall be redeemed upon
demand at the treasury of the United States
or ct the Office of any assistant treasurer OF
the United States by the issue of q certificate
of q deposit for the sum of the notes so pre-
scented, payable at any of the mints OF the
United States in an amount of silver bullion
equal in value on the date of said certi6cate
to the number of dollars stated therein at the
market price of silver to be determined al
provided in section i; or such notes may bd
redeemed in gold coinage at the option of the
government; provided, that upon demand oil
the holder such notes shall be redeemed II
silver dollars.
Section 5-That when tho market pric.
of silver as determined by the secretary Of
the treasury shall exceed one dollar for 81 q
secretary of the treasury to refuse to receive
deposits of silver bullion for the purposes O
| this act.
Section 6--That it shall be lawful for thu
secretary of the treasury with the approva
| of the President of the United States +
suspend, temporarily, the receipt of silve
| bullion for treasury notes at any time whel
he is satisfied that, through combination
| or speculative manipulation of the market
| xho ,,-ioo Of a;lvar 10 arh}trayv Nominal n
Section THAT the silver bullion deposit
| ed under this act, represented by treasur
| notes which have been redeemed in gol
coin or in silver dollars may be coined int
standard silver dollars or any other denomi
nation or silver coin now authorized by la
for the purpose of replacing the coin used
the redemption of the notes.
Section 8-That so much of the act {
February %, 1878, entitled Gan Act
Authorize the Coinage of the Standar
Silver Dollar and to restore its legal tendt
character" az requires the monthly purchas
and coinage into silver dollars of not lsi
than 81, 600, 600, nor more than 81 ,00o ,0C
worth of silver bullion is hereby repealed.
Section 9.That any gain OF s;inor.l
arising from the coinage which may be OK
Gu ted under the provisions of this act shs
be accounted for and paid into the freasur
as provided by existing laws.
Section 10-That silver bullion receive
under the provisions OF this act shall
subject to the requirements of existing Ia
aud the regulations Of the mint service, 60,
erning the methods of receips, determinin
the amount Of pure silver contained and Il
amount of charges or deductions, ii any,
be made.
Section 11-That nothing in this act abs
be construed to prevent the purchase, frol
time to time - may be required, of silv'
bullion for the Subsidiary silver coinage.
Section 12-That q sum sufficient to carl
out the provisions of this act is hereby o.
propriated out of any money in tho treasul
not otherwise appropriated.
Section Is That all acts and parts of &C
inconsistent with the provisions of this q
are hereby repealed.
Section 14-That this act shall take effe
thirty days from and after its passage.