The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1878-02-22
TAa ~EIwa. Rs11

The following is the silver bill as it
passed the Senate:
Be it enacted by the Senate and House
of Representatives of the United
States of America in Congress as
sembled:
That there shall be coined at the sew
eral minis OF the United States silver
dollars of the weight of 4I21S grains
troy, of standard silver, as provided in
the act of Jan. Is, 1887, on which shall
be the devices and superscriptien pro-
vided by said act, which coins, togeth-
er with all silver dollars heretofore
coined by the United States OF like
weight and fineness, shall be legal ten
der at their nominal value for all debts
and dues, public and private, except
where otherwise expressed and stipu-
lated in the contract; and the Secre-
tary of the Treasury is authorized and
directed to purchase, from time to
time, silver bullion, at the market
price thereof not less than $2,000, 0C0
worth per month, nor more than "a =
600 900 worth per month, aud cause
the same to be coined monthly, as fast
as so purchased, into such dollars, and
sum sufficient to carry out the fore
going provisions of this act Is hereby
appropriated out of any money in the
Treasury not otherwise appropriated.
And any gain or seignorage arising
from this coinage shall be accounted
| for and paid into the Treasury as pro-
vided for under existing laws relative
to the subsidiary coinage; provided,
that the amount of money nc any one
time invested in such silver bullion,
exclusive of such resulting coin, shall
| a<ynnnA az 0n0 0skn. 81
further, that nothing in this act shall
be construed to authorize the payment
| in silver of certificates of deposit is
sued under the provisions of section
2J4 of the Revised Statutes.
Sec. 2. All acts and parts of acts iu-
consistent with the provisions of thin
act are hereby repealed.
Sec. 3. That Immediately after the
passage of this act the President shall
| invite the governments of the cOun-
tries composing the Latin Union, sc
called, and of such other European ma
tions as he may deem advisable, t.
| join the United States in conference
| to adopt q common ratio between gold
and silver, for the purpose of estab-
fishing between gold and silver, for the
purpose of establishing International
| " the use of bi-metallic money, and
securing fixity of the relative value
between those metals; such confer
ence to be held at such place in Eu-
rope, or in the United States, at such
time within six months as may be mu-
tuaIly agreed upon by the executives
of the governments joining in the
same, whenever the government so in
vited or any, or any three of them
shall have signified their willingness
| -, 81
shall, by and with the advice and con.
sent of the Senate, appoint three CON-
missioners, who snail ate nd such con-
ference on behalf of the United StaJes
and shall report the doings thereof tC
the President, who shall transmit the
same TO Congress-. Said Commission
ers shall each receive the sum of 3d.
500 and their reasonable expenses, to
be approved by the Secretary ofState
and the amount necessary to pay such
compensation and expenses is hereby
appropriated out of any money in the
Treasury not otherwise Appropriated
Sec. 4. That any holier of the coin
authorized by this act may deposit the
| same with the Treasurer or any Assis-
tant Treasurer of the United States In
sums of not less than $40, and receive
therefor certificates of not less than
$lU eacn, corresponding with the de-
nominations OF United States notes
The coin deposited for, or representing
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
may be reissued.
The vote in favor of amending the
bill by striking out the House CLAUSE
permitting free and unlimited coinage,
and restricting the coinage to from two
to four million dollars per month, wa
adopted by the following vote: