Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1878-02-21
The Silver Bill.

Washington, Feb. 16.-Tne sem
ate at 5 O'Clock this morning, by a
vote of yeas 48, nays Fl, passed the
bill TO authorize the coinage of a
standard silver dollar, and to restore
it's legal tender character.
BE IL enacted By tie senate and house of repre-
se'atatioes Of tie United States IN Coug1vss as,
Sena5led
That there shall be coined at The several
minis of the United States, silver dollars, of
the weight of four hundred and twelve and
a-half grains Troy, of standard silver, as
provided in the act of January 18th, 1887, on
which shall be the devices and superscrip-
ton provided by said act, which coins, to-
gether with all silver dollars hereafter coin
ed by the United States of like weight and
lneness shall be legal tender at their NOM
inal value for all debts and dues, public and
private, except where otherwise expressly
stipulated in the cont act and the secretary Of
the treasury is authorized and directed to
purchase from time TO time silver bullion at
the market rrice thereof, not less than two
million dollars worth and not more than four
million dollars worth per month, and cause
TO be coined monthly as 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 otherwise appropriated, and
any gain or seigniorage arising from this
coinage shall be accounted for and paid into
the treasury as provided under existing laws
relative to subsidiary coinage, provided the
amount OF money at any one time invested in
such silver bullion, exclusive of such result
ing coin, shall not exceed five million dollars,
and prouided further that nothing in this act
10 ta fho
in silver of certificates Of deposit issued un-
der the provision of section 254 of the revised
statutes.
Section 2. All acts and parts of acts in
consistent with the provisions OF this act are
hereby repealed
Section 3. That Immediately after the pass
age OF this act the president shall invite the
countries composing the Latin union so -called
and ofsuch other European nations as he may
deem advisable, to join the United States in
conference, TO adopt common ratio between
gold and silver for the purpose of establish
ing internationally the use of bi-metallic
money, and securing fxty of relative value
between these metals, such conference to be
held at such place in Europe or in the United
States at such time within six months as may
be mutually agreed upon by the executives OF
the governments joining in the same. When
eyer the governments so invited, or any
three OF them shall have signified their will.
iDgness 10 unite in the same the president
shall, by and with the advice and consent of
the senate, appoint three commissioners " no
shall attend such conference on behalf of the
United States, and shall report the doings
thereof TO the president, who shall transmit
the same TO congress. Said commissioners
shall each receive the sum Of two thousand
five hundred dollars and their reasonable ex-
penses, to be approved by the secretary of
state, and the amount necessary 10 pay such
compensation and expenses is hereby appro-
priated out of any money in the treasury not
otherwise appropriated,
Section A. That any holder of the coin au
thorized by this act may deposit the same
with the treasurer or any assistant treasurer
of the United States, in sums not less than ten
dollars and receive therefor certificates of not
less than ten dollars, each corresponding
with denominations of United States notes.
The coin deposited for or representing the
certificates shall be retained in tn, treasury
for the payment of the same on demand said
certificates shall be receivab lie for customs,
taxes and all public dues, and when so re-
ceiyed may be re-issued.
On motion of Allison the TILE Of
the bill was amended TO read. "a bin
TO authorize the courage of stand
ard silver dollar and restore it's le-
gal tender character