The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1878-02-22
'EssE SILVER EsfEs..
AS IT PASSED THE SENATE.

AS II PASSED THE SENATE.
The following is the tull text OF the bill
as it passed:
Be it enacted by the Senate and House OF
Representatives of the United States ot
America in Congress assembled. That
there shall be coined az the several mInts OF
the United States silver dollars of the
weight of 4l21a grains, Troy, of standard
silver, as provided in the act OF January Is.
1891 on which shall be the devices and
super,criptions provided by said act; " hicb
coius. together will ali silver dollars here
tofore coined by tie ULited States of like
weight aud hnenesS, shall be d Legal tender
at their noninal value for all debts and
dues, public and private. except where
otherwise expressly stipulated in the con-
tract
And the Secretary of the Treasury j.
authorized and directed to purchase from
time 10 time, silver bullion at the market
price thereof, not less than 81 100000 worth
per month, ana cause the same to be coined
monthly as last as 30 purchased into such
dollars. Aud u sum sufficient To carry out
the foregoing provision Ui this act is here
by appropriated out OF any money in the
Treasury rot otherwise appropriated.
And any gain or seigniorage arising from
this coinage shall be accounted for aud paid
into the treasury as provided under exist
Ing laws relative To the subsidiary coinage;
provided that the amount OF money at any
one time invested In such silver bullion, eX-
elusive OF such resulting com, shall not eX-
coed $4,000 ,OU0; and provided further, that
nothing L. This ACT shall be construed to
authorize The payment III silver OF cerLiii-
Gates OF deposit issued under the provision
OF section Z54 OF the Revised Statutes.
SEC. z All acts and parts OF acts ncon-
slstent with the provisions OF this act are
hereby repealed.
SEC. g. That imm ediately after the pass
age OF This act the President shall invite the
Governments OF the countries composing
the Latan Union, s0-called, and of SUCH
European nations as he may deem advis-
able tOjoin the United States in conference
to adopt common ratio between gold and
silver, for the purpose of establishing inter
nationally the use of Di-metallic money,
and securing tiXity of relative value be-
tween these metals, such conference TO be
held at such place in Europe or in the
United States, at such TINE, within six
months, as may be mutually agreed upon
by the executives OF the Governments JOIN
ing In the same, whenever the Governments
50 invited or any three of them, shall have
signltled their willingness 10 unite in the
same.
The President shall, by and with the con-
sent of the Senate, appoint three Commits
siOnerS, who shall attend such conference
on behalf OF the United States and shall re-
port the dOings thereof To the President,
who shall transmit the same TO Congress.
Said Commissioners shall each receive the
sum OF So sou and their reasonable cxpen-
ses, To be approved by the Secretary o,
State, and the amount necessary to pay |
such compensation and expenses is hereby |
appropriated out OF amy money i'll the |
Treasury not otherwise appropriated.
SEC. 4. That any holders OF the coin |
authorized by the act may deposit the same
wrh the Treasurer or any Assistant Treasu-
rer Of the United States in sums not less |
than$l0, aud receive therefor certificates
OF notices. $40 each, spending with the
denominations of the United States notes. |
The c ON deposited Tor or representing the
certificates shall be retained in the Treas
ury Tor the payment of the same on demand. |
Said certificates shall be receivable tor Gus |
toms, taxes and all public dues, and when
so received may be reis5ued.