The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1878-02-17
THE SILVER BILL AS PASSED.


THE SILVER BILL AS PASSED.
WASHINGTON. Feb. l6.-The text of the
Silver Bill as passed by the Senate. is:
AN ACT to authorize the coinage of the STAN
dard silver dollar, and TO restore its legal
tender character.
Be it enacted by the Congress of the
United States, That there shall be coined at
the several Mnts OF the United States, sill
yer dollars, of the weight OF 4l21a grains
troy, of standard silver, as provided IN the
Act of July Is, 1887. on which shall be the
devices and superscriptions provided by said
Act, which coins, together with all silver
dollars heretofore coined by the United
States, of light weight and tinenesS, shall be
legal tender at their nominal value
tor all debts and dues, public and
private, except where otherwise ex-
the Secretary OF the Treasury is authorized
and directed 10 purchase from time TO time
silver bullion at the market price therot,
not less tnan two million collars worth per
month, nor more than 45000,000 dollars per
month, and cause the same to be coined
monthly as fast as so purchased into such dol
lars, and sum sufficient to Garry out the tor, =
going provision, is hereby appropriated out
OF any money in the Treasury not otherwise
appropriated, and any gain or SeIgnerage
arising from the coinage shall be accounted
for and pBld into the Treasury as provided
for under existing laws relative TO the sub
sidiary coinage; Provided, That the amount
of money at any one time invested in such
silver bullion, exclusive OF such resulting
coin shall not exceed five millions of dollars,
and Provided further, That nothing in this
Act shall be construed TO authorize the pay
ment in silver or certificates of deposits is
sued under the provisions of section 2o4 of
tht Revised Statutes.
SEC. 2. That Immediately after the pas
Nft r. l,ic tnf r ha han ipy ifo
the Governments of the countries compos
ing the Latin Union sO-called, and OF such
other European nations as he may deem
advisable, to Join the United States in Con-
ference TO adopt the coinage ratio as be-
tween gold and silver, tor the purpose of
establishing international ties between
metallic money and securing a tiXity of the
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 Dy the Executives of the Gov
ernments joining in the same. whenever the
Governments so invited, or any three OF the
same shall have signitied their willingness
in the same. The President shall by and
with the advice and consent OF the Senate,
appoint three Commissioners who shall at
tend such Conference on behalf of the
United States, and shall report the dongs
thereof to the President who shall trans
IN It the same TO congress. 04ld commission
shall each receive the sum: :o..$ 1900 and their
reasonable expenses to be approved by the
Secretary OF State, and the amount neceSsa-
ry to pay such compensation and expenses
is hereby apprvprial ed out of any money in
the Treasury notsotherwse appropriated.
SEC.3 That any holder OF the coin author
iZed by this Act may deposit the same with
the Treasurer or any Assistant Treasurer OF
the United States, in sums of not less than
$40. and receive therefor certificates of not
less than $40, CORES ponding with the de-
nominations o fthe United States notes; the
coin deposited for or representing the GER
titicate shall be retained In the Treasury fol
| the payment of the same on demand. Said
certificates shall be receivable for customs
taxes and all public dues, and when so re-
ceived may be reissued.
SCC.4 All Acts and parts of acts incon'
sistent with the provisions of this Act are
| hereby repealed.