The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1890-01-20
TREASURY NOTES FOR SILVER BULLION.
Provisions OF the Measure Prepared
by Secretary Window.
Richard Woods Story of the Ohio
Ballot Box Forgery.
Simple, But Impressive Funeral of
the Late Walker Blaine.

WASHINGTON, January 19.-The bill pre-
pared by Secretary Window for presentation
to Congress, authorizing the issue of treasury
notes on deposits of silver bullion, provides
that any owners of silver bullion, the product
OF mines in the United States, or ores
smelted or refined in the United States,
may deposit the same at any coinage mint or
assay Office of the United States which the
Secretary of the Treasury may designate
and receive therefor notes equal at the date
of deposit to the net value of such silver, at
the marketprice, such price to be determined
by the Secretary of the Treasury, based
upon the price current of the leading silver
markets of the world. No deposit, consisting
in whole or in part, of silver bullion or
foreign silver coins imported into this
country, or of bars resulting from melted or
refined foreign silver coins, shall be received
under provisions of this act. The Secretary
Of the Treasury shall cause to be prepared
treasury notes of such amounts as are re-
quired for the above purpose, not less than
81 nor more than $1,000. Notes issued under
this act shall be received for customs, taxes
;ha ana al public dues. and when received into
notes, when held by any national
banking association, may be counted
as parts of its lawful reserve.
Notes may be redeemed upon demand. at
the treasury of the. United States or at the
office of the Assistant Treasurer of the
United States, by the issue of certificate of
daposit, payable at one of the mints of the
United States IN amount Uf silver bullion
equal in value, ,on the date of said certificate,
to the number of dollars stated therein, at
the market price of silver; or notes may be
redeemed in gold coin. at the option of the
government. Upon demand of the holder.
Yer '' dollars. - When a''tS the n market s.,t
price of silver, as determined by the
Secretary OF the Treasury shall exceed one
shall be the duty of the Secretary of the
Treasury to refuse to receive deposits of sill
yer bullion for the purposes of this act.
The Secretary of the Treasury, with the
approval of of the President of the United
states, may suspend temporarily, the receipt
OF silver bullion for treasury notes at any
time when he is satisfied that, through COM
blnations or speculative manipulation Of the
market, the price of silver is arbitrary,
nominal or fictitious. Silver bullion, depos-
ited under this act, may be coined into stand
ard silver dollars or any other denomination
OF silver coin now authorized by law for the
purpose of replacing the coin used in the re-
of the notes.
So much Of the act Of February 2S,I1S7S,
authorizing the coinage Of the standard sill
VI uVLiai anu icstoIiuS us le8al lenuer
character. as requires the monthly purchase
and coinage into silver dollars of not less
than$2, ,000. .000, nor more than 81 600, 900 worth
of silver bullion, is hereby repealed. ANY
gain or seigniorage arising from coinage un-
der the provisions of this act shall be ac-
counted for and paid into the treasury as
provided by the existing laws. Silver bull
lion received under the provisions of this act
shall be subject to the requirements of exist
ing law and the regulations of the mint SER
vice. Nothing in this act shall be construed
TO prevent the purchase, as it may be re-
luired, of silver bullion for subsidiary silver
coinage, A sum sufficient to carry out the
provisions of this act shall be appropriated
from any money in the treasury not other
wise appropriated