The Portland daily press., 1878-02-18
THE SILVER BILL
Passes The Senate by a Vote Of
4S to 2l.
THE BILL LIKELY TO STIR,
VIVE A VETO.

WASHINGTON, Feb. 15.-The Senate, at five O'Clock
by yeas ~ to nays 81 -passed the bill to authorize
t 9r the standard silver dollar and re-
follows: A' 'o'e was as
Yeas --Messrs Allison, Armstrong, Bailey. Beck
Wisconsin, Chaffee, Cockrell, Coke, Conoyer Davis
Of Illinois, Dayis of West Virginia, Dennis. DORIS ey
Eo Enstis, Ferry, Garland, Gordon, Grover, Hereford
Of Nevada, Kellogg, Kirkwood, McCrsery, NC
noraa nnonald Mcmillan, Matthews Maxey. Mefrmon
Saunders, Spencer, Teller Thurman, voorhees,.
Wallace, Window and Withers-4S. o''
Anthony Barnum Bayar Baiue
Mamia; Ma.ahn1; Hoars Herman Lamar, Nc Pherson,
Mitchell 1sS l Merrill Randolph, Rollins, Sargent, Wad.
Messrs. Harris and Patterson. who would have
voted in the affirmative, were paired with Messrs
hll and Butler, who would have voted in the mega
:, RANSOM who would have voted in the afirma.
tive, was absent on account of sickness.
The Text of the Bill as Passed.
The following is the full text of the bill as it pass
Be it enacted by the Senate and House Of Renre.
sentatlyes OF the United States of America in Con-
gress assembled-Ihat there shall be coined at the
several mnts Of the United States silver dollars Of
tne wlght OF 4l25 grains Troy of standard silver as
provided IN the act Of JAM S, 1887 on which shall
ae oe 'e Ievces ana provided by said
coined by the United States OF like weight and fine
ness snail be legal tender at their nominal value
where otherwise expressly 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
SZ.OUU,0U0 worth per month, nor more than S4OOO
OOo per month, and cause the same to he coined
monthly, as fast purchased into such dollars and
sum sufficient to carry out the foregoing provision
OF this act is hereby appropriated out of apy money
in the treasury not otherwise Appropriated and an
gains or segniorage arising this COINAGE shall he
accounted for and paid into the treasury as provided
under existing laws relative to the subsidiary coin
age; provided that the amount of money at any one
time invested in such silver bullion, exclusive Of
such resulting coin shall not exceed 600 600. and
provided further, that nothing in this act shall he
stIucted to autoorize the payment in silver nf
certificates of deposits issued under the nrog;i o
section 254 of the Revised Statutes Va
Sect all acts and pa of acts Inconsistent with
TIE provisions OF this act are hereby repeale3.
Sect. 3. That Immediately alter the passapa of
tnls act the President shall invite the government
OF the countries comprising the Latin Union So cal
led, and OF such other European nations as he nav
deem advisable. to join the United States in a CON-
terence to ADOPT common ratio between gold and
silver for the purpose of establishing and secnrino
hxlty of relative value between those metals snc5
conference to be held at such place in EuIona or
the Un1tedtStates at such time within six montba a
may be mutually agreed upon by the executives Of
the governments who join in the same VI
Whenever the governments so invited or anv tbroo
OF them, shall have sgnited their winoness -
unite in the same. the President shall bv annoning
three commissioners who shall attend such conter-
ence on behalf of the United States and shall
the dongs thereof to the President who shall trans
mie tne same 70 congress. Said Commissioners shall