The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1878-02-20
The silver Bill Passed.

nte on Saturday last by vote of AZ to
81, and only wants the Presidents sig
nature to become q law. Senators
Cameron and Wallace of ,Pennsylva-
MIA voted for the bill The following
is the full text of the bill as passed;
Be it enacted by the Senate and
House Of Representatives of the United
States of America, in Congress Assem-.
bled, and it is hereby enacted by the
authority of the same, That there
shall be coined, at the several mints of
the United States, silver dollars of the
weight of 412l grains troy, of standard
silver, as provided in the act Of Janu.
ary 18, 1887, on which shall be the
device and superscription provided by
said act, which coins, together with all
silver dollars heretofore coined by the
United States of like weight and fine-
ners, shall be a legal tender at their
nominal value for all debts and dues,
public and private, except where 9TH
erwise expressed and stipulated in the
contract, and the Secretary of the
Treasury is authorized and directed to
purchase from time to time, silver bul.
lion at the market price thereof, not
less than two million dollars worth
per month, nor more than four mil.
lion dollars worth per month, and
cause the same to be coined monthly,
as fast as so purchased, into such dol
lars, and SUN sufficient to carry out
the foregoing provision of this act is
hereby appropriated out of any money
in the Treasury not otherwise appro-
priated. And any gain or seigniorage
arising from this coinage shall be ac-
counted for and paid into the Treasury
as provided under existing laws rela.
tive to the subsiding coinage; Provid-
cd, that the amount Of money at any
one time invested in such silver bull
lion, exclusive of such resulting coin,
fhall not exceed five million dollars
and provided further, that nothing in
this act shall be construed to author
ize the payment in silver Of certificates
of deposit issued under the provision
of section 254 Of the revised statutes.
Section 2. All acts and parts of acts
inconsistent with the provisions of this
act are hereby repealed.
Section 8. That Immediately after
the passage of this act, the President
shall invite the Governments of the
countries composing the Latin Union,
80 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 establish
ing internationally the use of bimetsl-
lie money, and securing fixity of rela-
tive value between those 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 ex-
ecutives of the governments joining in
the same, whenever the governments
SO invited or any three of them shall
hRVessignified their willingness to unite
an the same. The President shall, by
and with the advice and consent of the
Senate, appoint three commissioners,
who shall attend such conferences on
behalf of the United States, and shall
report the dOings thereof to the Presi.
dent, who shall transmit the same to
Congress. Said Commissioners shall
each receive the sum of S2,500 and
heir reasonable expenses, to be ap-
proved by the Secretary of State and
the amount necessary to pay such COM
pensation aud expenses is hereby ap-
propriated out of any money in the
Treasury not otherwise appropriated.
Section A. 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 not less than ten dol.
lars, and receive therefor certificates
Of not less than ten dollars each cor
responding with the denopinaliOns Of
United States notes. The coin depos.
LLad for nr rnnrasantinn, tho narIiH iHcafaa