Nebraska advertiser., 1878-02-21
The Silver Bill.

After continuous session of seven
teen hours the silver bill passed the
Senate Saturday morning last at 5
o'clock by vote o; 48 to q. Senators
recorded their votes as follows:
Yeas-Messrs. Allison, Armstrong,
Baily, Beck, Booth, Bruce, Cameron
of Pa, Cameron of Wis, Chaffe, Cock
rell, Cook, Conover, Davis of ILL.,,
Davis of West Virginia. Dennis, Dor
sey, Eustis. Ferry, Garland, Gordon,
Grover, Hereford, Howe, Ingalls, John
son, Jones of Florida, Jones of Ne
vada, Kellogg, Kirkwood, McCreery,
Mcdonald, Mcmillan, Matthews, Max
ey, MerrimoD, Morgan. Oglesby, Pad
dock, Plumb, Salisbury, Saunders.
Spencer, Teller. Thurman, Voorhees,,
Wallace, Window and Withers-4S.
Nays-Messrs. Anthony, Barnum,
Bsyard, Blaine, Burnside. Christian
cy, Conkling. Dawes, Edmunds, Ham,
| lin, Hoar, Herman, Lamar. McPher-
son, Mitchell, Morrill,, Randolph,
Rollins, Sargent, Wadleigh and Why
te--2l.
Messrs. Harris and Patterson, who
would have voted in the affirmative,
were paired with Messrs. Hill and
Butler, who would have voted in the
negative. Mr.. Ransom, who would
have voted in the affirmative, was ab-
sent on account of sickness.
THE BILL,
as passed, is as follows:
Be it enacted by the Senate and House
of Representatives. Of the United
States Of America in Congress as
Senl6ked:
That there shall be coined at the
several mints of the United States
silver dollars of the weight of 4l22
grains troy, of standard silver as pro-
vided I'D the act of Jan. Is, 1887, on
which shall be the devices and super
scription provided by said act, which
coins, together with all silver dollars
heretofore coined by the United States
of like weight and fineness, shall be
legal tender at their nominal value
for all debts and dues public and pri-
vate, except where otherwise express
ed and stipulated in the contract; and
the Secretary of the Treasurer is au-
th0Fized and directed to purchase,
from time to time, silver bullion. at
the market price thereof, not less
than s., ,00O. 600 worth per month, nor
more than 81 900 900 worth per month,
and cause the same to be coined
monthly, as fast as so purchased, in
to such dollars, and a sum sufficient
to carry out the foregoing provisions
of this act is hereby appropriated out
of any money in the Treasury not
h fo6
gain or seignOrage arising from this
coinage shall be accounted for and
paid into the Treasury as provided for
under existing laws relative to the
subsidiary coinage; provided that the
amount of money at any one time in
vested in such silver bullion, exclus-
i've of such resulting coin, shall not
exceed s., 900. 900; and provided. fur
ther. that nothing in this act shal! be
construed to authorize the payment
in silver of certificates Of deposit is
sued under the provisions of section
254 of the Revised Statutes.
SEC 2. All acts and parts of acts
inconsistent with the provisions of
this act are hereby repealed.
SEC. 8. That Immediately after the
passage of this act the President shall
invite the governments of the coun-
tries com posing the Latin Union, so
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
and silver, for the purpose OF estaO-
fishing internationally the use of bl-
metallic money. and securing fixity
of the relative value between those
metals; such conference to be held at
such place in Europe, or in the Unit
ed States, at such time within six
months as may be mutually agreed
upon by the executives of the govern
ments joining in the same. whenever
the governments so invited, or any
three of them, shall have signified
their Willingness to unite in the same.
The President shall. b. and with the
advice and consent of ihe Senate, ap-
point three Commissioners, who shall
attend such conference Oh behalf of
the United States, and shall report
the doings thereof to the President
who shall transmit the same to Con-
gress. Said Commissioners shall each |
eceive the sum of 81, 500 and their |
reasonable expenses, TO be approved |
by the Secretary of State, and the |
amount necessary to pay such COM
pensation and expenses is hereby ap-
propriated out of any money In the
Treasury not otherwise appropriated.
SEC. 4. That any holder of the
coin authorized by this act may de-
posit the same with the Treasurer or
any Assistant Treasurer of the United
States in sums of not less than $40,
and receive therefor certificates of not
less than $40 each. corresponding with
the denominations Of United States
notes. The coin deposited for, or rep
the certificates shall be re-
tanned in the Treasury for the paw
ment of the same on demand. Said
certificates shall be receivable for GUS
toms. taxes. and all public dues, and
when so received may be reissued.