The Superior times. [volume] (Superior, Wis.) 1870-1912, 1876-04-28

Secretary Brlstow on the 18th issued
the following instructions concerning
the issue of silver coin in plae of frac-
tional currency;
TREASURY DEPARTMENT,
WASHINGTON, April IS, 1876.
By virtue of the authority vested in the
secretary of the treasury by the second sec
ton of the act entitled an act to provide for
the deficiency in the printing and engraving
bureau of the treasury department, and for
the issue of silver coin of the United States
In place of fractional currency, approved
April II, 1876, the several officers below
named, are hereby authorized, upon pre-
sentatlon at their respective offices for the
redemption of fractional currency of the
United States in sums of S. or multiples
thereof, and is assorted by denominations
and In an amount not to exceed 800, to is
sue therefor a like amount of silver coin of
the United States of the denomination of
10, 20, 25 and so cents; and furthermore,
upon presentation for redemption at the Of
flee of the treasury of the United States, in
this city, of any amount of such currency
properly assorted and in sums of not less
than So, the treasurer is authorized to issue
silver coin therefor to the amount of the
currency presented or he may issue his
check therefor payable in silver at either of
the offices hereinafter named at the option
of the party presenting the currency, as far
as may be practicable, from time to time
Fractional currency redeemed in silver
under these instructions by any of
the assistant treasurers or designated deposi-
tories of the United States, will be sent i'll
sums of ST. 900, or multiples therefor to the
treasurer of the United States, in this city
This to be charged in the treasurer's general
coin account as transfer of funds, and any
M Of J1f.h oh
has been paid remaining at any any time in
cash at several offices, will be treated as coin
assets, and in no case will such fractional
currency be re-issued. Fractional currency
sent by express or otherwise to the officers
below named for redemption in silver under
the provisions of this circular should be &C
cOmpanied by letter of advice stating fully
the address of the sender and how remit
lance in payment therefor is desired and if
by treasurer's check office at which the
check should be made payable. The Gov
eminent will not pay express charges
on silver issued or fractional cur
rency presented for repemption under the
provisions of this circular. Offices herein
referred to are as follows: Treasurer of the
United States, Washington; assistant treas
urers, at Boston, New York, Philadelphia,
st. Louis, Charleston, s. c. New Orleans,
Cincinnati, Chicago, San Francisco and
Buffalo, and Pittsburg.
B. II. BRIsTow, SECRETARY.
THE BILL.
The following is the full text Of the
act authorizing the issue of silver cur
rency:
bill to amend the laws relating to silver
coin.
Be 1t enacted etc., that there shall be coin
ed at the minis of the United States q silver
dollar of the weight of IL and eight-tenths
grains troy of standard silver emblems, de-
vices and inscriptions of which shall con-
form to those prescribed by law for gold
and silver coins of the United States with
such notifications thereof as may be neces-
sary to render said dollar readily dis
tinguishable from the trade dollar and in
the coinage and delivery thereof the same
deviatiOnS from standard tineneSS shall be
allowed as are prescribed by law for the
trade dollar, and said dollar herein authoriz-
ed, shall be legal tender at its nominal
value, for any amount not exceeding $50 in
any one payment except for customs duties
on the public debt, and the trade dollar
shall not hereafter be q legal tender
Sec. 2. That the secretary of the treasury
is hereby authorized to exchange the silver
dollars herein authorized for an equal
amount of United States notes which shall
be retired and Cancelled and not be again re-
placed by other notes, and all the United
States notes redeemed under the act shall be
held to be part of the sinking fund pro-
vided for by existing law, the interest to be
computed thereon as in the case of bonds
redeemed under the act relating to the sink
ing fund
Sec. 3. Any owner of silver bullion may
deposit the same at the minis, to be taken
at its market value as aScertaned and pub
licly announced from time to time by the
director of the mint, with the approval of
the secretary of the treasury, and to be paid
for either in silver dollars or with gold coin
or United States notes. Bullion for coinage
of said silver dollars may be procured in the
mode provided for as to other silver coins
by section 1886 of the revised statutes of
the United States, the gain and wastage to
be accounted for as provided in said section.