West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1878-03-02
The Silver Bill.

The following is the full text of the bill.
as passed by the Senate:
BE 1T enacted, by the Senate and House
OF Representatives of the United States of
America In Congress assemb ed, That there
shall be coined, at the several minis of the
United States, silver dollars of the weight
oil four hundred and twelve and a half
grains troy, of standard silver, as provided
IN the act OF January 1S, 1897, on which
shaIl be the devices and supeTscriptions
provided by said act, which coins, together
with all silver dollars heretofore coined nv
the United Stat of like weight and fine.
ness, shall be legal tender at their nomi.
nal value for all debts and dues, public
and private, except where otherwise ex
pressly stipulated in the contract And
tne secretary OF the Treasury is authorized
anu directed TO purchase, from time to
t;mej silver bullion at the market price
thereof, nor less than $1,000 900 worth
per month, nor more than 81 600 600
worth per month, and cause the same 10 ne
coined monthly, as fast as purchased, into
such dollars, and sufficient to carry out the
foregoing provision of this act is hereby an
propriated out of any money in the Treas.
ury not otherwise appropriated. And any
gam or selgnlorage arising from this coin
age shall be accounted for and paid into
the treasury, as provided under existing
laws relative to the subsidiary coinage.
provided, that the amount of money AT aDv
one time invested in such silver bullion ex
elusive of such resulting coin, shall moi ex
ceed hve million dollars. And. provided
lurther, that nothing in this act shalt be con-
structed to authorize the payment in silver
oil certificates of deposit issued under the
provision OF Section 254 of the Revised
Statutes 'i''"
9 SEC. 2. All acts and parts Of acts iucon.
sistent with the provisions of this act are
hereby repealed
SEC. 3. That Immediately after the
passage Of this act, the President shall i'm.
ylte the Governments Of the countries com.
such other European Nations as he NAV
deem advisable, to join the United States in
conference TO adopt a common ratio betyTeep
gold and silver for the purpose of establisb.
ing, internationally, the use Of a bimetallic
money, and securing a fxity Of relative
VaIue between these metals such CON
ference 70 be held at such place i'm Eu,ope
or In the United States, at such time within
SIX months as may be mutually agreed unon
ny the Executive Of the Governments ioin.
ing in the same.
whenever the Governments so invited
or any three OF them, shall have signiRed
their viii ngness 70 unite in the same the
President shall, by and with the advice and
consent OF the Senate, appoint three Com.
missioners, who shall attend such con.
terence on behalf Of the United states
and shall report the ings thereof 10 tbe
President who shall transmit tbc Co.. ~
Congress.
Sald Commissioners shall each receive
the sum Of $500 and their reasonable ex.
Penses, - be approved by the Secretary Of
otate, and the amount necessary 10 nav
such compensation and expenses is hereby
appropriated out Of any money i'm the
lIe9sury not otherwise appropriated.
SIC .. That any holder Of the coin an.
tnVtiIto gy THIS act may deposit the same
with the Treasurer or anv Assistent ,r.aa
urer Of the United States in sums not less
man ten dollars, and receive therefor csrti.
hcates Of not less than ten dollars each cor.
responding with denominations Of United
states notes. The coin deposited for. or
representing the certificates shall be no.
.aalneo in the treasury for the payment Of
the same on demand said certi6cates sbsIi
Oe receivable for customs, taxes and ali
pubic dues, and when 80 received may be