The Elk County advocate. [volume] (Ridgway, Pa.) 1868-1883, 1878-02-21
TEXT OF THE SILVER BILL.

Following is the text of the silver
bill as passed in the United States
Senate by vote of 4S to Fl:
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 several mints of the United
States, silver dollars of the weight of
412l grains Troy of standard silver, as
provided in the act of January lS,
1887, on which shall be the devices and
superscription provided by said act,
which coins, together, with all silver
dollars heretofore coined by the
United States of like weight and fine
ness, shall be legal tender at their
nominal value for all debts and dues,
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, silver bull
lion at the market price thereof, not
less than S2.000,0 600 worth per month
nor more than $4,0UO,0O0 worth per
month, and cause the same to be
coined monthly as fast as so purchased
into such dollars. And a sum suffi
cient to carry out the provision of this
act is hereby appropriated out of any
money in the treasury not otherwise
appropriated. And any gain or seign-
forage arising from the coinage shall
be accounted for and paid into the
treasury as provided under existing
laws relative to the subsidiary COIN
age, provided that the amount of
money at any one time invested in
such silver bullion, exclusive of such
resulting coin shall not exceed s. 600
600 and provided further that nothing
in this act shall be construed to
authorize the payment in silver OF
certificates of deposit issued under the
provisions of section 254 of the Revised
Statutes.
SEC. 2. All acts and parts of acts in
consistent with the provisions of this
act are hereby repealed.
SEC. 3. That Immediately after the
passage 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
join the United States in a conference
to adopt current ratio between gold
and silver, for the purpose of establish
ing internationally the use of bimetalic
money, and securing fiXity of relative
value between those metals; such
conference to be held at such place in
Europe or the United States, at such
time within six months as may be
mutually agreed upon by the eXecu-
tive of the governments 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, by and with the 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 Presi-
dent. who shall transmit the same to
congress. The said commissioners
shall each receive the sum of 81, 500
and their reasonable expenses, to be
approved by thesecretary of state, 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 holder of the coin
authorized by the act may deposit the
same with the treasurer or any assis-
.tant treasurer of the United States in
sums not less than SO and receive
theriOr certificates of not less than SO
each, corresponding with the demon
nations of the United States note.
The coin deposited for or representing
the certificate shall be retained in the
treasury for the payment of the same
en- demand. Said certificates shall be
receivable for customs, taxes and all
public dues, and when so received may
be reissued