The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1878-02-22
NEWS SUM MI AIRY
THE SILVER BILL.

The text Of the bill remonetizing tn sill yer
dollar, as it passed the Senate Of the United
States, is as follows
Be 10 enacted by the Senate and House Of Repre-
sentatipes Of the United States Of America in Com
gress assembled, That there shall be coined at the
several minis Of the United States silver dollars Of
the weight of 42K grains troy, of standard silver
as provided in the act of Jan. 10, 1887, on which
shall be devices and superscription provided by
said act which COINS together with all silver del
lars heretofore coined by the United States Of like
weight and hneness, shall be legal tender at their
nominal value for all debts and dues, public and
private, except where otherwise expressed
and stipulated in the contract; and the
Secretary OF the Treasury is authorized
and directed to purchase, from time to
time silver bullion, at the market price thereof not
less than So 100000 worth per month, more than
100000 worth per month, and cause the same to
be coined monthly, as fast as SO purchased, into
such dollars, and sum sufficient to carry out the
foregoing provisions of this act hereby appropri
sttdout of any money in the treasury not otherwise
appropriated; and any gain or seignoirage arising
from this coinage shall be accounted for and paid
into the treasury AZ 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 con
shall not exceed s. 000, 600 and provided further
that nothing in this act shall be construed to author
ize the payment in silver of certificates of deposit
issued under the provisions of Sec. 254 of the Re-
vised Statutes
SEC. 2. All acts and parts of acts inconsistent
with the provisions of this act are hereby repealed
oEc. g. That Immediately after the passage of this
act the President shall invite the Governments OF
the countries composing the Latin Union, called
and of such other European nations he may deem
advisable TO join tho United States In conference to
adopt common ratio between gold and silver, for
the purpose of establishing internationally the use
of bi-metallic money and securing fxity of the
relative value between those metals such confer
to be held at such place in Europe, or
in the United States, at such time within
months may be mutually agreed upon
by the Executives of the Governments joining
in the same whenever the Governments so invited,
any three of then shall have signifed their will
ingness 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 behalf of the United States and shall
report the doings thereof to the President, who
shall transmit the same to Congress. Said Com
missioners shall each receive the sum of $4,000 and
their reasonable expenses. to be approved by the
Secretary Of State and the amount necessary to pay
such compensation and expenses is hereby appro-
prated out of any money in the treasury not other
wise appropriated.
SEC. L. That any holder Of the coin authorized
by this act may deposit the with the Treasurer
any Assistant Treasurer of the United States, in
of not less than So and receive therefor GER
thcates of not less than $40 each, corresponding
with the denominations of United States notes.
The coin deposited for or representing the certif
Gates shall be retained in the treasury for the pay
ment of the same demand. Said certificates
shall be receivable for customs taxes and all public
dues, and, when received may be reissued.
Following is the vote on the passage of the
bill:
Yeas-Allison, Armstrong, Bailey, Beck, Booth,
Bruce, Cameron Pa.), Cameron wis.,, Chaffee,
Cockrell, Cook, Conover Davis (l.), Davis wv.
Va), Dennis, Dorsey, Eustis, Ferry, Garland, Cor
don, Grover, Hereford, Howe, ingalls,, Johnston,
Jones (Fla.), Jones (Nev), Kellogg, Ktrkwood, Nc
Creery, Mcdonald, Mcmillan, Matthews, Maxey,
Merrimon, Morgan, oglesby, Paddock, Plumb
Salisbury, Saunders, Spencer, Teller, Thurman
voorhees,, Wallace, Window, withers-4s.
Nays-Anthony, Barnum, Bayard, Blaine Burn
side, Christiancy, Conkling, Dawes, Edmunds
AiOoi, NSihail, iAtillhii hNIheIbOu,
ell, Morrill,, Randolph Rollins, Sargent, wadleigh
Whyte-2,
Politically the vote was as follows, including
those paired and absent: For the BILL Repub-
hcans, 26; Democrats, &c; nays, Republicans,
H. Democrats 10 Twenty-Five States voted
unanimously for the bill, namely Virginia.
Ohio, North Carolina, Pennsylvania, Alabama,
Iowa. Florida, Colorado, Kentucky, Indiana,
Tennessee, Minnesota, Arkansas, Nebraska
Louisiana, Wisconsin, Texas, Illinois, West
Virginia, Kansas, Missouri, and Nevada and
eight States gave half their votes for the
bill Delaware, Maryland, South Carolina,
Georgia, Mississippi, Michigan, California and
Oregon.