Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1878-03-05
Full Text of the Silver Bill As Passed.

The full text Of the Silver Bill, as passed
by both Houses of Congress, is as follows:
AN ACT to authorize the coinage of the stand
ard silver dollar, and to restore its legal
tender character.
BE 1t enacted, &C., That there shall be
coined, at the several minis of the United
States, silver dollars of the weight of 4123
grains Troy, OF standald silver, as provided in
the act Of January Is, 1887, on which shall
be the devices and superscriptions of said
act: which coins, together with all silver
dollars heretofore coined by the United
States, of like weight and fneuess, shall be a
legal-tenGer, at their nominal value, for all
debts and dues, public and private, except
where otherwise expressly stipulated in the
contract. And the Secretary of the Treasury
is authorized and directed to purchase, from
time to tmo, silver bullion, at the market
price thereof not less than 50, 900 600 worth
per month, nor more than 100000 worth
per month, and cause the same to be coined
monthly, az fast as SO purchased, into such
dollars and a SUM sufficient to carry out the
foregoing provision is hereby appropriated out
of any mony in the Treasury not otherwise
appropriated. And any gain or seigniornge
arising from this coinage shall be accounted
for and paid into the Treasury, as provided
under existing laws relative to subsidiary
coinage. Pfovidcd, That the amount of
money at any one time invested in such sill
yer bullion, exclusive of such resulting coin.
shall not exceed S5,000,000 And provt1cd
further, That nothing in this act shall be cons
strued to authorize the payment in silver of
certificates of deposit issued under the provi.
sions Of Section 254 Of the Revised Statutes.
Sec. 2. That Immediately after the passage
of this act, the President shall invite tho
governments of the countries composing the
Latin Union, so, called, and of such other
European nations as he may deem advisable,
to join the United States in u conference to
adopt a common ratio as between gold and
silver, for the purpose of establishing, inter
nationally, the use of bi>metallic money, and
securing fxity of 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 by the executives of
the governments joining in the same, when
ever the governments SO invited, or any three
of them, shall have signi6cd their willing
ness to unite in the same. The President
shall, by and with the advice and consent of
the Senate, appoint three commissioners, who
shall attend such conference on behalf of the
United States, and shall report the doings
thereof to tho President, who shall transmit
the same to Congress. Said commissioners
shall each receive the sum of $500 and
their reasonable expenses, to be approved by
the Secretary of State and the amount me-
ccssary to pay such compensation and ex-
pcnscs is hereby appropriated out of any
money in the Treasury not otherwise nppro>
priated.
See 5. That any holder of tho coin author
lied by this act may deposit the same with
the Treasurer or any assistant treasurer ofthe
United States, in sums not less than ten dol
lars, and receive therefor certificates of not
less than ten dollars each. corresponding with
the denominations of the United States notes
The coin deposited for or representing the
certificates shall be retained in the Treasury
for the payment of tho same on demand
Said certificates shall be receivable for Gus
toms, taxes, and all public dues, and, when
so received. may be reissued.
Sec 4. All acts and parts of acts incon>
sistent with the provisions of this act are
hereby repealed.
THE NURSERY is one of the most entertain
ing, moral and instructive publications that
is furnished for youngest readers, and
the March number, received, is fair sample
of this excellent monthly
The Boys and Girls Of the South is spicy
weekly published at Atlanta, Georgia, by j.
II. Seals g. Son. 1t contains good stories,
poems and items of interests for the boys and
girls Send for specimen copy.
BABYLAND for March comes to the little
folks brimiul of bright pictures and beautiful
little stories, from D. Lothrop Il Co, Boston.
The Silver Bill was promptly passed over
the Presidents veto, BY both Houses of Con-
gress.
Gov. Holiday will please accept thanks
for a cnnu of his ahln veto MESSAGE ON the