The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1878-02-27
TllE. SILVER BILL
TEXT OF THE SILVER BILL As rAss.
ED BY TIE SENATE.

g iE-Ni sVr lie siLsE Eh dill 40 49,
ED BY TIE SENATE.
An act TO authorize the coinage of the
standard silver dollar. and restore lis legal
tender characters II las a.
BE ii fesoieei. eic: That there shall be
coined Ut the several .nlnis u the united
States. silver dollars Of the weight Of 4l2l
grains ttuy. If standard silver. as provided
ii the act Of Jannar, 18th. 1887. on which
shall be the devices and snperscriptions
provided by said act. which coins, together
with all silver dpiars heretofore coined BY
the United Sts,es Of like weight and fine.
ness. shall be legal tender at their nsmina.
value for all debts and dnes, public and
private. except where otherwise expressly
stipulated in the contract and the Secre.
tary uf the Treasury is authorized aud
directed to purchase from time to time sill
ycr bullion atthe market price thereof. not
less than 81, 900. 100 worth per month MOI
more Than $1,000, Don worth per month.
and cause the same to he coined monthly, NJ
fast as so purchased, into sura dollars aud
sum sufficient TO carry ont the foregoing
provision is hereby appropriated out Of any
money in the Treasury not otherwise ap.
sropriated, and any seigniorage arising
from this coinage shall be accounted for and
paid in.o the Treasury, as provided under
existing laws relative to the subsidiary
coinage. provided ttatthe amount Of mon
ey at any one time invested in such silver
bulliun, exclusive of such resulting coin.
shall not exceed s.. 600. 600: and provided.
further, that noihing in this act shall be
construed toauthorise the payment IN sill
yer Of certificates Of deposit issued under
the provisions Of section 254 Of the revised
statues. ..a q
Section 2 That Immediately after she
passage Of this act the President snail ir-
yite the government Of the countries com
posing the Latin Union. so-called. and oi
such other European nations as he may
deem advisable. TO Join the United States
in . conference to adopt common ratio. as
between gold aud silver, for the purpose Of
establishing internationally tne use of bi
metallic money. aud securing hxity Of re.
latiye value between these metalsi such con.
fsreuce to he held at such place in Europe
or iu the United States. at snch time with.
in six months rs may he MUTUAL agreed
upon by the executives Of the governments
joining In the same. whenever the govern.
iBents 50 invited, or any three Of tLem.
shall have signi6ed .heir willingness TO un.
4
lie 10 the same. The President shall, BY
aud with the advice and consent Of the Sen
ate. appoint three commissioners. who slal
attend such conference in behalf Of tho
United States. and shall report the doing
thereof to the President. who shall trans
mi. :he same TO Congress. Said commits.
sioners shall each receive the sum Of twG
thousand eve hundred dullars rnd ibeiI
reasonable expenses, to be approved by the
Secretary Of State. and the amount neces'
sary to pay such compensation aud axpense'
is hereby appropriated out Of any money il
the treasury not otherwise appropriated.
Sec. 5. That any holder OF the coin au
thorized by this act may deposit the same
with the Treasurer or any Assistant Trea'
sure- Of the United States 10 sums not les
than ten dollars, and receive therefor Ger,
tiicates Of not less than ten dollars each
corresponding With the denominations o
she United States. The coin deposited fo
or representing the certificates shall be re
tanned in the Treasury for the payment o
the same on demand. Said certificate
shall be receivable for customs taxes snt
all public dues. and when 50 received ma,
be reissuei. ..... .~
Sec. 4. All acts and parts Of acts iDcon
sistent with the provisions Of this act ar,
hereby repealed.
s..s-..s.sSs.g.ss..s..