, 1878-02-23
rmI snVRR RlLL

The following is the full text OF the silver
bill as passed:
Be it enacted by the senate and house q
representatives of the United States OF Amer
ca in congress assembled:
Section l. That there shall be coined az
the several mints of the United States SILVER
dollars Of the weight Of 4l2a grams Troy OF
standard silver as provided, In the act Oh
January, Is, 1877, on which shall be the oe-
vices and superscnption provided by sa!d act,
which coin, 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 private, except where
otherwise expressed and stipulated In the
contract, and the secretary OF the treasury Is
authorized and directed to purchase from
time to time silver bullion at the market
price thereof not less than S,O0,W0 worth
per month, nor more than s, OOO. 900 worth
Der 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 provisions of this act Is hereby ap-
propriated out of any money IN the treasury
not otherwise appropriated, and any gam or
seignorage arising from this coinage shall be
accounted for and paid into the treasury as
provided under existing laws relative to sub.
sidiary coinage; provided that the amount OF
money at any one time invested IN such sil-
yer bullion, exclusive of such resulting com,
shall not exceed $4,000 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 pro-
vision of section 254 of the revised statutes.
Sec. 9. All acts and parts Of acts incOn-
sistent with the provisions OF this act are
hereby repealed.
Sec. 3. That Immediately after the pas
sage of this act the president shall invite the
governments of the countries composing the
Latin Union, so called, and OF such other
European nations as he may deem advisable
to JON the United States In conference to
adopt common ratio between gold and sill
yer for the purpose of establishing. Interna-
tionally, the use of bimetallic money and
securing fixity of relative value between
| those metals. Such conference to be held at
such place in Europe or i'll the United States,
at such time within six months as may be
| mutually agreed upon by the executives OF
| the governments so invited, or any three OF
| them which shall have signitied their vii
| hngness to unite Ill the same. The president
shall, by and with the advice and consent OF
the senate, appoint three commissioners who
| 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
expenses to be approved by the secretary OF
state; the amount necessary to pay such
compensation and expenses is hereby appro,
priated out of any money in the treasury not
otherwise appropriated.
Sec f. That any holder of this 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
SiU, and receive therefor certificates OF not
less than SO each, corresponding with the
denomination OF U. 5. notes. The com de-
posted for or representing the certificates
Shall be retained in the treasury for 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.