The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1878-02-22
gHe Sitter Blu.

Below will be found the fun text of the
Bland silver bill as it passed the Senate on
Saturday morning last. Although Gen.
Ewing. of Ohio has expressed strong op-
position to the action of the Senate in
striking out the free coinage feature of the
bill, it is believed that it will be accepted
by it's friends in the House in its present
shape. What Mr.. Hayes is going to do
about it is a matter of mere conjecture.
But here is The bll-read it:
! Be it enacted. etc. That there shall be coined
at the several mints of the United States. a sill
yer dollar OF the weight of 41211 grains Troy. of
standard silver as provided in the act o. Janu-
ary is 1887 on which shall be the devices and
superscriptioEs provided by said act, which
coins, t1eethcr win az SILVER dollars lars
Gneness, shall he q Il gat tender for all debts
and dues, pnblic and private, except when
otherwise ex presSly stipulated in the contract,
and the Secretary of the Treasury is authorized
: and directed to purchase, from time to time,
silver bullion at tho market price thereof, not
lese than two million dollars worth per month.
, nor more than four million dollars per month
an j cause the same to be coined monthly, as
fast purchased, into such dollars, and a
, sufficient to carry out the foregoing pro-
, vision OF this act is hereby appropriated out
OF any monry In the Treasury, not otherwise
appropriated, and any gain or seigniorage ars-
and paid into the Treasury as provided un-
der the existing laws relative to the subsidiary
y
at any one time invested in such silver bullion,
exclusive OF such resulting coin, shall not ex-
ceed five million dollars and, provided furih-
er, that nothing in this act shall be construed
toauthorize the payment In silver of certificates
OF deposit issued under the provisions of sec
tiIn 254 of the Revised STATUTES.
SEC. 2. All acts and parts thereof Inconsistent
with the provisions of this act are hereby
pcalCd.
SEC. 3 That Immediately after the passage Of
THIS act the President shall invite the govern
mPnis OF the countries composing the Latin
zion, So called, and of such other EurOpean
nations as he may deem advisable, to Join The
United states in conference tOadOpt a common
ratio between gnlc and silver for the purpose
of establishing internationally the use of hi
metallic money, ana securing fxity o: rela-
tive value between these metals, such confer
ence to be held at such place in Europe or in
the United States, at such time, within six
months, as may be agreed upon hy the eXecu-
whenever the governments so Invited, or any
three oil them, shall have Signtipd their willing
ness to unite in the same. The President shall.
by and with the advice and consent OF the Sen
ate, appoint three commissioners who will at
tend such conference on behalf of the United
States, and shall report the dOings thereof to
the President, who shall transmit the same TO
Congress. Said Commissioners shall each re-
ceive the sum OF two thousand five hundred
dollars and their reasonable expenses, to he ap-
proved By the Secretary of State, and the
amount necessary to pay such mpens1tion
AND expenses is hereby apprOpriat ted out OF any
money in the Treasury not otherwise appro-
priated.
SIC. 4. That any holder Of the coin authorized
by this act may deposit the same with the
Treasurer or any Assistant Treasurer Of the
United States in sums of not less than SO and
receive therefor certificates of not less than 4I0
each, CORES spondiug with the denomination of
[. 5. notes the coin deposited for repre-
senting the certificates shall be retained i'm tho
Treasury for payment of the same demands;
taxes, and ali public dues, and when received
may be re-issued.