Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-02-21

Messrs. Harris and Patterson, who
would have voted IN the affirmative,
were paired with Messrs. Hill and But
Ter, who would have voted in the mega
We. DIR. hanson, who, would have
voted IN the affirmative, was absent on
account of sickness.
Following is the full text of the bill,
rs passed:
!, Be 1t enacted by the senate and Ac,,ss Of
representatives OF The Usaafed .Sateey OF
An'erfaG, l5a congress assembled, That there
shall be coined at the several mints OF
the United States, silver dollars of the
weight of 4123 grains, Troy, of the
standard silver, as provided in ACT OF
January is, 1887; on which shall be the
devices and superscription provided by
said act, which coins together with all
/ silver dollars heretofore coined bv the
United STATES ofhke weight and fineless,
shall be legal tender at the national
value for all debts and dues, public and
private, except where otherwise ex-
pressed and stipulated to the contrary.
and the secretary of the treasury is au-
thOr1zed and directed to purchase from
time to time silver bullion at the p1rce
thereof, not less than two million dol
lars worth per month, nor more than
four million dollars worth per month
and cause the same to be coined month
ly as fast as SO purchased with such
dollars. and a sum sufficient to carry
out the foregoing provisions Of this act
IS hereby appropriated out of any
money IN the treasury not otherwise
appropriated and any gain and shrink
age arising from this coinage shall be
accounted for and paid into the treas
ury as provided under the existing laws
relative to subsidiary coinage; provided.
that the amount of money at any one
time invested in such silver bullion, ex.
elusive OF such resulting coin, shall
not exceed five million dollars; ami
prooldea further, that nothing in this act
shall be construed to authorize the
payment in silver of certificates of de-
post issued under the provisions of sec
ton 254 of the revised statutes.
Section 2. All acts and parts of acts
inconsistent with the provisions of this
act are hereby repealed.
Section 8. That Immediately after
the passage of this act, the president
shall invite the governments of coun-
tries comprising the Latin Union, So
called. and of such other European ma
tions as he may deem advisable, to join
the United States in conference, to
adopt a common ratio between gold and
silver, for the purpose of establishing
an International alloy, the use of BIZ
metallic money. and securing a fixity of
relative value between those metals;
such conference to be held in Europe,
or III the United States, at
such time, within six months,
as may be mutually agreed
upon by the executives of the govern
ments, joining in the same. Whenever
the governments SO invited, or any
three of them, shall have signifed their
willingness to unite IN the same, the
president shall, by and with the adj
vice and consent Of the senate, appoint
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 receive
the sum of two thousand five hundred
dollars and their reasonable expenses,
to be approved by the secretary Of
state, and the amount necessary to pay
such compensation is hereby appro-
priated out Of any money in the treas
ury not otherwise appropriated.
Section 4. That any holder of the
coin authorized by this act, may deposit
the same with the treasurer or any as
sistant treasurer of the United States,
in sums not less than ten dollars and
receive therefor certificates of not less
than ten dollars, each corresponding
with denominations of United States
notes. The coin deposited for or repre-
senting the certificates shall be eretained
IN the treasury for the payment of the
same on demand. Said certificates shall
be receivable for customs, taxes and all
public dues, and when so received may
be re-issued
On motion of Allison, the title Of the
bill was amended so as to read: GA bill
to authorize the coinage of a standard
silver dollar and restore its legal tender
character"
The senate, at five o'clock, after a
continuous session of seventeen hours,
adjourned until Monday.