Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-02-17

% anu altefSO1l. who would
nave nav, voted II the affirmative, were paired
WIN senators Hill and Butler. who would
nave voted III the negative. Ransom. who
"oulo nave voted in the affirmative. was alb
sent on account Of sickness.
On motion of Senator Allison tho +;+l, of
the bill was amended to "a bill to author
ize the coinage of the standard silver doIlar
and to restore its legal tender character,
The Senate, at 5 O'Clock. after e contin-
uous session of seventeen hours, adjourned
until Monday.
The following is the full text of the bill as
it passed:
Bet enacted By the Senate and tie Horse Of
heprese11totf'fs q tie United States Of iDlci,
IN Congress a$semJ'eI:
That there shall be coined in the
several minis of the United States.
silver dollars OF the weight of 4l2l5
grams Troy, of standard silver as provided in
the act of January 18TH 1897, on which shall be
the devices and subscriptions provided by said
act, winch coins, together with all the silver
dollars heretofore coined by the United States
of like weight and fneness. shall be a legal
tender at their nominal value for all debts and
cues. both public and private, except where
otherwise expressly stipulated in the contract
and the secretary of the treasury is authorized
and directed TO purchase from time to time sill
Yer bullion at the market price thereof not
less than two million dollars, worth
per month nor more than four million
dollars worth per month. and cause the same
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
hereoV appropriated out of any money in the
treasury not otherwise appropriated; and any
gam or selgnlorage arising from this coinage
shall be accounted for and paid into the treas
ury, 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 resulting coin, shall
not exceed four million dollars: and provided
further, that nothing in this act shall be con
strued to authorize the payment in silver of
certificates of deposit issued under the proyis-
ION OF section 254 of the revised statutes
section =. All acts and parts of acts incon-
slstent with the provisions of this act are here
by repealed
Section 3. That immediately after the pas
sage OF inns act the President shall invite the
governments of the countries composing the
Latin Union so-called, and of such other
European nations us he may deem advisable. to
JON Inc United States in conference to adGpt
a common ratio between gold and silver. for
the purpose OF establishing internationally the
use OF bl-lnetallic money and securing tixitv of
relati'e value between these metals such
'iiiSANiiNS w NC utlu Ill Sucl place
Europe or ID the United States at such time.
within SIX months, may be mutually
agreed upon by the executives Of the govern
ments joining in the same. Whenever the gov
ernnents SO invited, any three of them. shall
have slgnltied their willingness to unite in the
same the President shall, by and with the adj
wee and consent of the Senate. appoint three
commissioners who shall attend such confer
ence 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 thei1
reasonable expenses to be approved by the
secretary Of state, and the amount necessary to
pay such compensation and expenses is hereby
appropriated out of the money in the treasusy
not otherwise appropriated.
Section 4. That any holder of the coin author
lzed 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 the de.
nominations of United States notes. The COR
deposited for or representing the certificates
shall be retained in the treasury for pavmen1
OF the same on demand. Said certificates shall
pc receivable for customs, taxes and all publ,
dues and when SO received may be relssued.