The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-02-17
Text of the siiveronIn.

WASHINGTON. Feb 1e.-The text of the silver
biU rs passed by the senate this morning. is as
An not to authorizes the coinnge Of The standard
silver da,llar. and 10 restore its legal tender
BE Il eaaGtra bv The Senate ana House Of Rep
Congress assembled, That thers shell be coined
at ,he ssvsShsl mn,s q tho United States q silver
anndard a2l"a silver w9sa1 ~ 70 The ao
january 49, 1887 on which shalI be tho do
vices rnd representations provided by snd
dollars heretofore coined by the United States
of like weight and ilnnness, sha bs q legal tom
dor ut their nominal vaue for all debts nnd 'iu-
expressly stipulated in tho contract. md tho
Secretary of tho Treasury is auth ,,rised ,and
dre,tseh to purehastefrom time to time silver
than tvs millions Of doara worth per month.
md not more than four millions OF do lnra
worth per month. and cause the Rhtns To bg
coined monthly ha last rs purchased into sunh
dollars.
A sum sufficient to carry o,n tho foregoing
provision Is hereby nppropriht led out OF any
money. In tho Treasury not otherwise hppro.
priated. and any eain or seigniornge arising
from this coinage shall be % aec9nnted far nr and
aid Trcasy na pr2yid9a "nJ9r ss
one ne lime Inv sted in such, silver bullion. ex,
ass q ssh sna 1 ars sh" t5a 70, noh"a
Ia in.p tGs aot shal % bs construed 70 authorize Tic
payment In silver of eertiHcates Of deposit
issued Under provisions OF section 25t Of the
/ Revised Statutes,
SEQ, .. That immediately after tho passnge
OF this net. the President shall invite tho gov.
srnmen Of tho countries composing the Latin
Union so.cnlled. md Of such other European
nations ns he may deem advisable. to Join the
united sthtes In u conference to adopt n com.
mon ratio as between gold and silver. for the
purpose Of establishing the Internationally OF
bi menllio money, and securing nfxitv Of rel.
ative value between those metals such confer
once 70 pc held ut such place in Europe. or In
the uhilsd States. ut such time within six
months u5 may be mutually agreed upon
The executives of the governments joining in
the same. whenever the eovernments 30 united.
or any three Of ihem, shall have signined their
Willingness to unite in the same. the President
shall by and with the consent Of the Senate np+
such conference on behalf Of The United States
and thall report the do ngs thereof to the Pros.
ident Of the United States and Congress-.
Said commissioners shall each receive the
sum OF s9aho nud ther reasonable .expenses,
70 be approved by the Secretary OF State, and
the amount necessary. to pay such eompensa-
tion md expenses IL hereby appropriated out
OF hppmoney In the treasury not otherwise
appropriated.
Soc, 3. That any holder of the cofa, author.
treasurer or assistant treasurer of the United
States. In sums not less tnan ton dollars nnd
receive therefor certificates Of not less than
ton dollars each, corresponding with the de-
coin deposited for, or representing the certin-
Gates. shall boSotained Ia tho treasury for the
shall be recalled for customs, for taxes and all
public dues, and when SO received may be
ressued.
Sect. 4. All acts and parts0f acts inconsistent
with the provisions of this net are hereby
repealed.