Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1878-02-21
The Silver Bill.

The final vote on the Silver Bill
was taken in the U. S. Senate on
Saturday morning Feb. II at 5o'clock,
after a continuous session OF seven
teen hours.
The bill as it passed differs from
the Bland bill in providing that the
government shall get the difference
between silver dollars and gold dol
lars, 1--WE don't believe there will be
any difference) and in limiting the
coinage to "A, OOO, 900 worth per month;
also in providing for an international
commission to adopt common ratio
between gold and silver.
The following is the full text of the
bill as it passed the Senate:
BE IL enacted IN The Senate and House Of Repre-
senfafires Of the United Suites Of Am>rica IN Congress
assembled That there shall be coined at the several
mints of the United States sii,er dollars of the
weight of 4l2 grains troy, of standard silver, AZ
provided In the act of Jan. Is, 1881, on which shall
Be the device and superscription provided by said
act, which coins, together with all silver dollars
weight and fneness, shall be a 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 il authorized and directed to purchase,
from time to time, silver bullion, at the market
price thereof, not less than s2,Oo0,O0O worth per
month, no more than $1,000 900 worth per month
and cause the same TO be coined monthly, 80 far as
purchased, into such dollars, and sum sufficient
TO carry ont the foregoing provisions of this act s
hereby appropriated out OF any money IN the
xfl nd
gain seignorage arising from this coinage shall
be accounted for and paid into the Treasury pro-
vded under existing laws relative 70 the subsidiary
coinage; provided, that the amount OF money al
any one tine invested in such silver bullion exclu
sive of such resulting coin, shall not exceed 6,000,
oc0; aud provided further that nothing in this act
shall be construed TO authorize the payment In
silver of certificates of deposit issued under the
provisions of Sec 90 of the Revised Statutes.
SEC. All acts and parts of acts Inconsistent
with the provisions of this act are hereby repealed
SBe 3 That Immediately after the passage of
this net the President will invite the Governments
of the countries composing the Latin Unisn, 80
called, and of such other European nations as he
may deem advisable. To- JOIN the United States In
conference To adopt common ratio between gold
aud silver, for the purpose OF establishing inter-
nationally the use OF bi-mefac money and secu-
ring a hxty of the relative value hetween those
metals such conference TO be held az such place IN
Europe or in the United states, at such time with
In six months as may be mutually ag-eed upon by
the Executives of the Governments joining in the
same, wenever the Governments so invited, or
any threesof them, shall have signiiied their will
ineness to unite i'm the same. The President shall
by and with the advice and eoesent of the Senate,
appoint three Commissioners, who shall attend
sneh conference behalf OF the United States,
and shall report the doings thereof TO the Presi-
dent who shall transmit the same to Congress.
said Commissioners shall each receive the sum
OF 81 500 and their reasonable expenses, to be APP
proved by the Secretary of state, and the amount
necessary to pay such compensation and expenses
In hereby appropriated out of any money In the
Treasury not otherwise appropriated
SEC. 4. That any holder of the coin authorized
by this act may deposit the same with the Treas
urer or any Assistant Treasurer OF the United
States I'm sums of not less than $40, and receive
therefor certificates of not less than $40 each,
responding with the denominations of United
States notes. The coin deposited for, or repre-
septing. the certificates shall be retained in the
Treasury for the payment of the same on demand
Said certificates shall be receivable for customs,
taxes and all public dues, and when so received
NAV be reissued. The vote was as follows: