The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1878-02-21

WASHINGTON, February 1G.-The
text of the silver bill as passed by the
Senate:
An act to authorize the coinage of the
standard silver dollar and restore
its legal tender character.
Be 1t enacted by tie House Of Rep
reSentatiUes and Senate az Congress
assembled, That there shall be
coined at the several minis of
the United States silver dollars of the
weight of 412 1-2 grains, troy. Of
standard silver, as provided in the act
of January Is, 1897, on which shall be
the devices and representations pro
vided by said act, which COINS, togeth-
er with all silver dollars heretofore
coined by the United States of like
weight and fineness, shall be q legal
tender at their nominal value, for all
dues, public and private, except
where otherwise expressly stipulated
in the contract, and the Secretary OF
the Treasury is authorized and is
directed to purchase from
time to time silver bullion
at the market price thereof, not less
than So, coo. 900 worth per month, nor
more than "a, 500, 600 per month, and
cause the same to be coined monthly
rs fast as so purchased into such dol
lars; and a sum sufficient to carry out
the foregoing provision Is hereby APP
propriated out OF any money in the
treasury not otherwise appropriated.
and any gains or seignorage arising
from this coinage shall be accounted
tor and pSid into the treasury, as pro-
vided for under ex sting laws relative
to the subsidiary coinage, Procided,
that the amount OF money at any one
time invested in such SILVER bullion, ex-
elusive Of such resulting coinage,
shall not exceed s., 00O, 900, and pro
oiCied further, that nothing in
this act shall he construed
to authorize the payment in
silver or certificates of the deposit is
sued under the provisions of Section
254 of the Revised Statutes.
Sec. 2. That Immediately after the
passage of this act the President shall
INVITE the governments OF the coun-
tries composing the "Latin Union"
so called, and OF such other European
nations as he may deem advisable, to
join the UnltsG States in q conference
t. adopt common ratio as between
gold and silver for the purpose OF es-
tablishing internationally the use of
bimetallic money and securing fixed
ness of relative value between those
metals, such conference to be held at
such place in Europe or in the United
States at such time within six months
as may be mutually agreed upon by
the executives of the governments
joining in the same. Whenever
the governments 50 invited, or any
three of the saTe, shalt have siguiiied
their willingness 10 unite In the same.
the President shall, By and with the
consent Of the Senate, appoint three
commissioners who shall attend such
conference on behalf of the UBitsd
States and shall report the doings
thereof 10 tina President, who shall
transmit the same TO Congress. S4ic
commissioners shall esch receive the
sum of $500 and their reasonable ex-
penses, to be approved by the Secre-
tary Of State, and the amount neces-
sary TO pay such compensation and ex-
penses is hereby appropriated out Of
any money in the Treasury not other
wise appropriated.
Sec g. That any holder OF the coin
authorized by Tins act may deposit the
same with the Treasurer or any Assis
tant Treasurer Of the Unirrd States, IN
sums not less than ten dollars. aud re-
ceIve therefor certificates OF not less
than ten dollars eaeb, corresponding
with the denominations Of the United
States notes. The coin deposited for
OF representing the certificate shall be
retained IN the treasury for the pay
meni Of the same on demand. Said
certificates shall be receivable for Gus
toms. taxes and al public dues, and
when so received may be Fe-issued.
Sec. f. All acts and parts Of acts in
consistent With the provisions Of this
set are hereby repealed.