The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1878-03-02
The Silver Bill.


The correspondent of the " Y Herald,
writ ng from Washington under the date of
Feb y, says: The veto message will pro-
baby be sent in early on Friday. Report
Snys that It will be brief and strong. There
g. no such division in the Cabinet on the
Iabject as rumors from here pretend. OF
the seven members Eve at least hold that
the President ought TO veto the bill-namely,
Evarts, Sherman, Key, Schurz and Davens.
Secretary Thompson is believed to be the
only member of the Cabinet who is decided
ly against veto, Secretary McCrary not be-
ing urgent either way. There islittlc doubt
that the bill will pass over the veto. It's
passage in the House will be by large vote,
as most Of the republican and anti-silverlnen
are anxious that it shall become n law, and
many of them have made up their minds to
vote for it and against the veto, In the SEN
ate the vote is SO close that q slight change
would defeat the bill; but the three Senators
who it was thought probable would change
Paddock, Window and Cameron, of Wis
sonsin-have all it is said, told their friends
that they will vote to pass the bill over the
veto. The following is the bill as it passed
the Senate;
Be 1t enacted, That there shall be coined at
the several kVltS Of the United States Siircr
dollars Of the toeight Of 4l2! grains Troy Of
standard Siiper, as proUided in the act of jan
vary Is, 1887, on 10hich shall be the deuices
and superscriptionS provided Jy said act,
Which coins, together aoih all Siluer dollars
heretofore coined By TIC United States of like
Sceigh and fHeneSS, shall be a legal tender at
their nominal Ualue for all debts aud dues
public and private, erccDt t0here OthcIqciSe cr-
pgeSsly stipulated in tie contract And the
Secretary of the Treasury is authorized and
directed to purchase, from time to time, sill
yer bullion at the market price thereof, nor
less than 100000 worth per month not
more than 81 100000 worth per month, and
cause the same to be coined monthly as fast
as so purchased into such dollars. And q
sum sufficient to carry out the foregoing pro-
vision ofths act is hereby appropriated out
Of any money in the Treasury not other
wise appropriated. And any gain or segn-
forage arising from the coinage shall be ac-
counted for and paid into the Treasury as
provided under existing laws relative to the
subsidiary coinage, provided that the amount
of money at any one time invested in such
silver bullion, exclusive of such resulting
coin, shall not exceed $1,000 900, and pro-
videl futher that nothing in this act shall be
construed to authorize the payment in silver
Of certificates of deposit issued under the pro-
visions of Section 254 of the Revised Statu-
tes.
Sec, 2. All acts and parts Of acts ineon-
sistent with the provisions Of this act are
hereby repealed.
Sec, 3. That Immediately after the passage
Of this act the President shall invite the
governments of the countries composing the
Latin Union, so called, and of such other
European nationsa as he may deem advisable,
to Join the United States in a conference TO
adopt u current ratio between gold and sill
ve., for the purpose of establishing interna-
tionally 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 50 invited or any three
oil them shall have signhed their willingness
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 doing:
thereof to the President, who shall transmit
the same to Congress. The said Commits
sioners shall each receive the sum of $25OC
and their reasonable expenses, to be approY
ed by the Secretary of State, and the amount
necessary to pay such compensation and eX
penses is hereby appropriated out of any
money in the Treatury not otherwise appro
priated.
Sec. 4. That any holder of the coin au
thorized by the act may deposit the sam,
with the Treasurer or any Assistant Treas
urer of the united States in sums not les
than $40, and receive therefor certificates o
not less than $40 each, corresponding witt
the denominations of the United States note
The coin deposited for or representing tn
certificates shall be retained in the treasur,
for the payment of the same on demand
Said certificates shall be receivable for Gus
toms, taxes and all public dues, and whel
10 received my be reissued.