Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1896-08-14
THE WINDOW PLAN REVIVED,

self as Il republican who believes that
the circulation a be largely increased
with sound money by using silver bull
lion measured at a gold valuation, thus
using our silver product and not de-
preciating the currency, as the 16 to 1
scheme would do, writes the Minnea-
polls Tribune Il letter suggesting the
following plan:
"Let the United States enact
Il law giving the treasurer authority to
hay all silver bullion offered and de-
livered at the market.price on the day
it is bought, but fixing a limitation in
price at no than one dollar for
371A grains (the number comprising
the present dollar). If silver should
rise above that price, government pur.
chases would cease.
'To pay for this bullion, issue silver
bullion certificates of convenient de-
nominations, to be redeemed in silver
bullion at the market price. The GER
terficates might read as follows: sOn
demand the United States of America
will pay to bearer in silver bullion to
the value of one dollar in gold. The
amount of silver bullion given in pay
ment of this certificate shall be the
amount that n dollar in gold will
bly on the market on the day that this
certificate is presented"
Mr.. Read claims thatsu a measure
would give us a large increase of sound
money at a parity with gold, and also
furnish an unlimited market for our
silver. Silver cannot be freely coined
and retain a stable value without an
international agreement; but used
as a basis for bullion certificates and
offered in payment of said certificates
measured by gold, it can be used to an
unlimited extent and its representa-
tive certificates would always remain
at a parity with gold.
The United States would also make q
large profit on its first issues of such
certificates because an unlimited mar
ket for the bullion would cause it to
rise. but the first purchases by the gov
eminent would be on "a low market. If
it would rise to the legal parity of
sl.29 per ounce, it would probably re-
main stationary there, as the treasury
would be prohibited from purchasing
above that figure, and the government
would suffer no loss on it's purchases.
The pr reliability is that the operation
of such a bill would in time give the
United States a corner OH the entire
silver product of the world without de-
probation of its money and without
driving out it's gold. Under this plan
it is probable that the silver bullion
would rarely be handled after being
stored in the vaults, as people would
prefer the certificates to the bullion.
If it were deemed advisable, the
bullion could be moulded into peices
of various weights, and it's exact
weight in lieu of dollars and cents
stamped thereon.
This, in its essential features. is the
plan proposed by Secretary Window a
short time before his death and q plan,
which, had it been adopted at the time
in the place of the Sherman silver pur.
chase law, would have saved this coun.
try good deal of trouble and loss
We believe it would have worked sc
satisfactorily as to have averted the
present free silver agitation. 1t is
not too late to adopt this or some SINH.
liar plan embodying its essential feat.
ures, but it is evident that in order tc
secure its adoption the republican
party must come into power in the ex.
ecutive and legislative branches of the
government. We have an idea that
Maj. Mckinley, if elected, will recon,
mend the adoption of the Window
plan or some modification of IL. thu,
ensuring the largest possible use Of sill
yer and at the same time q stable cur
rency Of full purchasing and debt-psy
ing power.-Minneapolis Tribune.