Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-01-20
WINDOWS BILL.
Text OF the Administration Bill
Prepared BY Secretary
Window.
a STEAMBOAT COLLISION 10
MISSISSIPPI.
Another Extensive Fire In Pennsyl-
Vania.-The Senate's Pro-
gramme, Etc.
BY Telegraph to the NEws.l
WINDOWS MEASURE.
Text of tho Administration Bill
Prepared by Him.


Prepared by Him.
WASHINGTON, Jan. l9.-Follow-
ing is the text Of the administration
bin prepared by Secretary Window
embodyiug the silver measure pro-
posed in his annual report, and which
will be introduced in both the House
and the Senate during the coming
week: A bill authorizing the issue
Of treasury notes on deposits Of sill
yer bullion.
Be it enacted, etc, that any owner
Of silver bullion product Of the
mines of the United States, or Of
ores smelted or refined in the United
States, may deposit the same ut any
coinage mint, or at any assay office
in the United States that the Secre-
tary of the Treasury may designate,
and receive therefor treasury notes
hereinafter provided for equal at the
date of deposit Of the net value Of
such silver, at market price, such
price to be determined by the Secre-
tary OF the Treasury under rules and
regulations prescribed based upon
the price current in the leading sill
yer markets Of the world; but no
deposit, consisting in whole or
in part Of silver bullion or foreign
silver coins imported into the
country, or hars resulting from melted
or refined foreign silver coins, shall
be received under the
PROVISIONS OF THIS ACT.
Section .. That the secretary Of
the treasury shall cause to be pre-
pared treasury notes in such
amounts as may be required for the
purpose Of the above section, and in
such form and denomination as he
may prescribe, provided that no
notes shall be Of denomination less
than one dollar, or more than one
thousand dollars.
Section 3. That notes issued under
this act shall be receivable for
customs taxes and all public debts,
and when received into the treasury
may be reissued, and such notes
when held by any national bank
ing association shall be counted
part ofits lawful reserve.
Section 4. That notes issued I'M
der the provisions OF this act shall
bc redeemed upon demand at the
treasury OF the United States, or at
the office Of an assistant treasurer Of
the United States by the issue Of
"A certificate OF deposit for the sum
of notes so presented, payable at one
of the minis OF the United States, i'm
an amount of silver bullion equal in
value on the date Of said certificate
To the number of dollars stated
therein at the market price Of silver,
10 lie determined as provided in Sec
ton one; or such notes may be re-
deemed in gold coin Mt the option Of
the government, provided that upon
demand the holding Of such notes
shall he
REDEEMED IN SILVER DOLLARS.
Section 5-That when the market
price Of silver, ~ determined by the
of the Treasury, shall eN-
coed one dollar for 37l.25 grains for
pure silver, it shall be the duty Of
The Secretary of the Treasury TO re-
fuse TO receive deposits Of silver
bullion for the purposes Of TINS act
Section 6. That il shall be lawful
for the Secretary Of the Treasury,
with the approval Of the President
If the United States, to suspend
temporarily the receipt Of silver
bullion for treasury notes ut any
time when he is satisfied that
combinations, or the specu-
lative manipulations Of the market
price of silver, 1t is arbitrary, nominal
or fictitious.
Section 4. That silver bullion de-
posted under this act, represented
by treasury notes which have been
redeemed in gold coin, or in silver
dollars, may he coined into standard
silver dollars, OF any other denom-
ination Of silver coin not authorized
by law, for the purpose Of replacing
coin used in the