Show aly ilan for fiher bullion deposits n COLD AI HIE orrion OF ine mn tia rational cot to ke DM hurled atari washington dec 4 in bia annual report secretary of the treasury windom the silver question length and mates alie following recommendation in place of lie various proposed plans as to an increase on the free coinage of silver dollars alie esaua of treasury notes the deposit of silver bullion at the market puca of silver kihen deposited payable in such quantities ot silver bullion as will equal in value at alio date of presenta tion alie bomber of dollars expressed on the face of alie notes at the market aiice of silver or in gold aa at the option ot the government or in silver dollars at alie option of alie bolder is a compulsory feature of the pro ent coinage act lie continues alie proposition is anelly this to open the anta of the united states to free deposit of silver at market value of the same not to exceed 1 for grains of standard silver at the time of deposit to bo paid in treasury notes said notes to be redeemable in the quin city of which could be purchased by the number of dollars ex ed on the face of the notes at lie time presented for payment or in gold at alie option of the government and to be receivable for customs taxes and all public dues and when so received they may be re issued and ruih note when held by any national banking shall be counted a an of its lawful reserve alie secretary of the treasury have dia power to suspend temporarily the receipts of silver bullion for payment in when necessary to protect aga nat combinations formed for the of gibing an arbitrary and fictitious price to silver if the price of silver should advance between the data of the issue of the note for its payment the bolder of the note should receive a less quantity of silver than deposited but the exact quantity could bo bought in the market with the number of sold dollars called for by his note at dale of jaent if the price should decline he would receive more silver than he deposited but the quantity which could be purchased wilh the number of gold dollars called for by his note at the time presented for payment the advantage of retaining the option of gold is threefold three fold first it mould give additional credit to notes second it would prevent the withdrawal and redeposit of silver for speculative purposes third it would afford a convenient method of making change when weight of silver bars does not correspond with the amount of the notes among the advantages which the secretary claims for alie leisure are would bring into nse all the money metal of the country it would govern paper currency not subject to undue or arbitrary inflation or contraction it would enhance the value of silver and open the way to its free coinage gold would be re lieveld of part of the work required of it it would meet the wants of thoi e desiring a large volume of circulation and it would be advantageous to the silver producers alie secretary gives many facts and figures tending to support the position taken by him |