The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1878-02-28
The Silver Bill Passed.

The stqrdari silver y ,lltr. aud TO re-
atutc its legal ten Ter CAR tc,er.
BE 10 ens tei, by the Senate and
Touso oi Representatives Of the
Uuited states Of America in Con-
gress assembled, That there shall I've
coined, st the several nints Of tho
United States, silver dollars OF the
weight OF f1ur hun irel nul twelve
and ono half grains troy of stan Hard
silver, ss provided in the act Of jan
nary eighteenth, eighteen bundled
and thirty seven, un which shall b.
Ia, deviccs AMI supersoripiicns pros
vided by said nct which coins. b
Cethor with all silver dollars hereto.
fore coined by tho Uni:9l Stp'os oi
like weight an1 hneues-, shall be %
legal tender, at their nominal value,
for al debts anl dnss, public anl
private. except whore other wise ex-
press,y stipulated in the contract {:
and the Secretary OF the lreosnry j.
authorized and directed to purchase,
from timo to timo. s,l7or bllliDa. a.
tho market price thereof not less
than two million dollars worth pr
mouth, nor moro than fpIr million
dollars worth por month, anl cans,
tho same TO DO coined monthly, "a,
fast as 80 purchased. into such dol
lars. ADD sum sufficient to carry
out tho foregoing provision Of this
act is hereby appropriated out Of
any money in tho treasury not 9TH
erwiso appropriated. Aud auy gain
or seigniorago arising from this
coinage shall be accounted Tor RBl
paid into the Treasury. as provided
under existing laws relative to sub.
sidiary coinage provided, that tho
amount OF money at any ono tims
invested in such silver bullion. OK
elusive OF such resulting coin, shall
not exceed FIVE million dollars, and
provided futher that nothing in this
act shall be construed to nuthoriz,
the payment in silver of certificates
OF deposit issnei under the provi
sion OF section 25i Of tho revised
statutes
SEc. 2. All acts aud parts. OF acts
Inconsistent with the provisions of
this act are hereby repealed.
SEC. 3 That Immediately Y after the
passage Of this act the President
shall invite the governments Of tho
counties composing tho bt'in TIA.
ion, so called. aud Of such other El
ropean nations as he may deem M
visab!e to Join the United States in
conference to alopt IL comm IN
ratio between gold and silver, fOt
the purpose OF establishing intarnl.
tioually the use Of bilnetnllic money
and securing Il iixity of relative val,
ue between those metals slch cpn-
ference to be held at such place. in
Europe OF in the United States. ut
such time within six months 10 may
be mutually agreed upon by the cA
ecutivcs uf the governments iJlnin :
in the same. whenever tho govern
ments so invited, or any three of
them, shall have sigui.iel their will
! iugness to unite in the same. The
President shall, by and with tho al.
vice AMI consent Of tho Senate, ap-
point three commissioners, who
shall attend surh conference on be-
half Of the United States anl shall
report the doings thereof TO tho
President, who shall transmit the
same TO Congress. Sail cummis-
sioners shall each receive the eu Of
two thousand five hundred dollars
and their reasonable expenses. 10 be
approved by the Secretary OF State
and the amount necessary 10 pay
such compensation and expenses i,
hereby appropriated ont oi any
money in the Treasury not other
wise appropriated.
SEC. 4. That any holder of th,
coin authorized by this act may de
posit the same with the Treasurer
or any Assistant Treasurer of the
! United States, in sums not less than
ten dollars. aud receive therefor Ger
tiicates, of not less than ten dollars
each, corresponding with the ds
nominations of the Unitol States
notes. The coin deposited fpr or
representing the certificates shall b.
retained in the Treasury for tn
payment of tho same on demand
Said certificates shall be receivable
for custums, taxes and public dues
and when SO received may be rels-
sued.