Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1878-02-22

america, IN congress assembled, mat therv
shall be coined at the several minis Of
/ the United States, silver dollars of the
weight of 4122 grains, Troy, Of the
standard silver, as provided in act o!
January IS, 1887; on which shall be thu
/ devices and superscription provided b!
said act, which coins together with AL
silver dollars heretofore coined by the
United States oflike weight and tinenesS,
shall be II legal tender at the nationa.
| value for all debts and dues. public and
| private, except where otherwise eN.
pressed and stipulated to the contrary,
and the secretary of the treasury is au-
thorized and directed to purchase from
time to time silver bullion at the price
thereof, not less than two million dol
lars worth per month, nor more thar
four million dollars worth per montl
and cause the same to be coined month
~ rs fast as SO purchased with such
dollars, and sum sufficient TO carry
out the foregoing provisions Of this act
is hereby appropriated out of any
money in the treasury not otherwise
appropriated and any gain and shrink
age arising from this coinage shall be
accounted for and paid into the treas
ury rs provided under the existing laws
relative to subsidiary coinage; provided,
that the amount of money ut any one
time invested in such silver bullion, ex-
elusive of such resulting coin, shall!
not exceed five million dollars; AMI
provided further, that nothing in this act
shall be construed TO authorize the
payment in silver of certificates Of de-
post issued under the provisions Of sec
ton 254 of the revised statutes.
Section 2. All acts and parts Of act,
inconsistent with the provisions Of this
act are hereby repealed.
Section 8. That Immediately after
the passage of this act. the president
shall invite the governments OF coun-
tries comprising the Latin Union, so
called, and of such other European ma
tons as he may deem advisable, to join
the United States III conference, to
adopt common ratio between gold and
silver, for the purpose of establishing
All international alloy, the use Of BIZ
metallic money and securing II tixity OF
relative value between those metals
such conference to be held in Europe,
or in the United States, at
such time, within six months.
as may be mutually agreed
upon by the executives of tbs govern
ments, joining in the same. Whenever
the governments so invited, or any
three of them, shall have signifed then
willingness to unite III the same, the
president shall, by and with the adj
vice and consent of the senate, appoint
three commissioners, who shall attend
such conference on behalf of the
United Stdes, and shall report the
doings thereof to the president, who
shall transmit the same to congress
Said commissioners shall each receive
the sum Of two thousand five hundred
dollars and their reasonable expenses,
to be approved by the secretary OF
state, and the amount necessary to pay
such compensation is hereby appro
priated out OF any money i'll the treas
ury not otherwise appropriated.
Section 4. That any holder of the
coin authorized by this act, may deposit
the same with the treasurer or any as
sistant treasurer of the United States.
i'll sums not less than ten dollars and
receive therefor certificates of not less
than ten dollars, each corresponding
with denominations of United States
notes. The coin deposited for or repre-
senting the certificates shall be retained
in the treasury for the payment of the
same on demand Said certificates shall
be receivable for customs, taxes and all
public dues, and when SO received may
be re-issued.
On motion Of Allison, the title of The
bill was amended 50 rs to read: "A bill
to authorize the coinage of Il standard
silver dollar and restore its legal tender
character
The senate at tive O'Clock, after
session Of seventeen hours.
adjourned until Monday.