The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1878-02-21
The following is the full text of the bill as

The following is the tull text of the bill as
passed
BE it enacted by the Senate and House of
Representatives of the United States of Amer
lea, in Congress assembled, That there shall
be coined at the several ntlntS OF the | mted
states silver dollars of the weight of 4l2h
grains, troy, of standard silver, as provided
in the act of January Is, 1887, ON which shall
be the devices and superscription provided by
said act; which coins. together with all silver
dollars heretofore coined by the United states
of like weight and fiueness, shall he a legal
tender at their nominal value Tor all debts
and dues, public and private, except where
otherwise expressly stipulated in the con
tract, ana the Secretary OF the Treasury Is
authorized and directed to purchase, from
time TO time, silver bullion mt the market
price thereof, not less than S2,0O,0O worth
per month, nor more than 81 100000 worth per
month, and cause the same TO be coined
monthly, rs fast as so purchased, into such
dollars and sum SUFFICIENT TO
carry out the foregoing provision
of this act is hereby appropriated
out of any money in the Treasury not other
wise appropriai cd and any gain or seignior
age arising from this coinage shall be account
ed for and paid into the Treusury,as provided
under existing laws relative 10 the sub
sldiaIy coinage. Provided, that the amount
OF money at any one time invested in such
silver bullion, exclusive OF such resulting
coin, shall not exceed S5OuO,O05; and provided
furt her. that nothing in this act shall be con
stucd TO authorize the payment in silver of
certificates of deposit issued under the pro
visions of section 25i of the Revised statutes.
sec. , All acts and parts of acts incOnsist-
ent with the provisions OF this act are hereby
repealed.
Sec. g. That Immediately after the passage
of this act the President shall invite the Gov
crnmentS OF the countries composing the
Latin Union, SO called, and OF such other
European nations as he may deem advisable
to join the United States IN Il conference TO
adopt a common ratio between gold and sill
yer, for the purpose of establishing inter
nationally the use of bi-mctallic money
and sec 1ring fNity of the relative value be-
tween those two metals such conference TO be
held at such place in Europe or IN the United
states at such time within SIN months rs may
be mutually agreed upon by the Executives
Of Governments joining in the same. When
ever the Governments 80 invited, or any
three of them, shall have signified their will
ingnes, 10 unite in the same, the Presi-
dent shall, by and with the advice
and consent of the Senate, appoint
three Commissioners, who shall attend
such conference in behalf of the United
states, and who shalirepOrt the doings there
OF to the President who shall transmit the
same 20 Congress. said Commissioners shall
each receive the sum of 3 500, ana their rea-
Suuable expenses, TO be approved by the
Secretary OF state, and the amount neces-
saTy pay such compensation andeApensts Is
hereby appropriated out of any money in
the Treasury not otherwise appropriated.
sec. 4. That any holder of the coin author
lied by this act may deposit the same with
the Treasurer or any Assistant Treasurer
of the United States, in sums not less
than SO, and receive therefor ccrtif
Gates of not less than SO each, CORE
spending with the denominations Of the
United states notes. The coin deposited Tor
or representing the certificates shall be re
tanned in the Treasury Tor the payment Of the
same on demand. said certificates shall be
receivable for customs, taxes and all public
dues, and when so received may be reissued.
In the Senate, on the 18th, a large number
of petitions were introduced. AresolutiOnto
have inquiry made into the legislation need
ed to prevent the introduction of yellow
fever into this country was adopted.
Bills passed for the relief of settlers
on public lands under the prescription
laws, and to amend the act of March
>, 1871, TO provide for the preparation and
publication of a new edition of the Revised
Statutes of the United StatcS......In the
House the Bland silver BILL with the senate
amendments, WAS ordered printed. The bill
George II. Giddings for mail
service rendered prior to the war passed.
District of Columbia business was considered
in Committee OF the Whole.