The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1878-01-31
The Silver Bills.

We present below the full text OF the
Matthews bill. which has passed the Senate,
and the Bland bill which has passed the
House, and the amendments to the Bland
bill as it now stands before The Senate. The
House bill ends with the words printed in
brackets in the Bland bill. The Senate
committee or Finance struck out the words
in brackets, and added the words which
follow printed in italics. The reader will
have both the Matthews bill and the Bland
bill as passed by the House and as it is now
before the Senate. The Matthews bill is
before the House
t MATTHEW'S BILL.
whereas, By the act entitled An act to i'm
prove the public credit and approved March 49,
1859, it was provided and declared that the faith
of the United States was thereby soemnIy pledg.
ed to pay in coin or its equivalent all interest
bearing obligations of the United States, exec pt
IN eases where the Law authorizing the issue z, o.
same might be paid in lawful money, or Other
currency than gold and silver; and.
Whereas, All bonds of the United States author
lied to be Used by the act entitled An act to
thorize the refunding OF the National debt, APP
proved July IA, 1870 by the terms OF said act were
declared to be redeemable in coin of the then
present standard value, bearing interest payable
Semi-annually in such coin; and,
"WhereaS, All bonds of the United States au
thorized to be issued under the act entitled An
act to provide forl the resumption of specie pay
ments;' approved January a, 1875, are required
described in said act of Congress, approved July
IA. 1870. entitled AN act to authorize the refund
| ing of the National debt; and
Whereas, At the date OF the passage OF SAID
act OF Congress last Aforesaid to wit, the 18th
day Of July, 1870 the coin Of the United States q
yer dollar OF the weight of s421G grains each, as
declared by an act approved July 10, 1887 entitled
An act supplementary to act entitled 'sAn ACT
| establishing Mint and regulating coins OF the
United States to be a legal-tender of payment
according to their nominal value. for any sums
whater; therefore, be it
Resolved, By the Senate (the House OF Repre-
sentatives concurring therein). that all bonds Of
sued under said acts of Congress hereinbefore
feclted, are payable. principal and interest," al
the option. OF the Government OF the United
States in silver dollars of the coinage OF the Uni
ted States, containing APE grains each OF stan
dard silver, and that to restore to its coinage
such silver coins as legal tender i'll payment o.
said bonds principal and interest is not in VIC
lation of public faith nor in derogation of the
rights of the public creditor
BLAND BILL.
IN act to authorize the free coinage Of tie staada7a
sitcer dollar and 10 store ftsiegnteader charnc
| ter.
the several minis of the United States. silver dol
| lars of the weight of four hundred and twelve ant
half grains Troy OF standard silver, as provided
in the act of January the eighteenth, eighteen
hundred and thirty seven. on which shall be the
devices and SUBSCRIPTIONS provided by said'act
which coins. together with all silver dollar:
/ heretofore coined by the United States of like
| weight and fneness, shall be legal-tender, Al
their nominal value. for all debts and Dues pub
| lie and private, except where otherwise provided
| by contract land any owner of silver bullion may
deposit the same at any United States coinage
mint or assay Office to be coined into such dollars
for his benefit, upon the same terms and conditions
as gold bullion is deposited for coinage under the
existing lawsl And the Secretary Of the Tfeasur,
IS authorized and directed out Of any money. tn
time to time, silper bullion at earhet price thereof
not less than tco millions of dollars per month,
more than four million dollars per month, and caus
the to be coined into such oIars And ony gain
or seignioroge arising from this coinage shall be &c
counted for and paid into the Treasury, pr0cidet
under ecistiny lars reJ0tiue to the subsidiary coin
age; provided. that the amount Of money at any on
time Invested la such srer bullion ecclsire Of suc
| resulting COIN shall not erceed fce million dollars.