Weekly Trinity journal., 1878-02-23

THE SILVER BILL.-On Friday Of last
week BANDS Silver Bill, rs amended,
passed the u. S. Senate b. n vote 4S
against q, and went back to the House
for concurrence in the amendments. Be.
low we give the full text of the Bill pass
ed by the Senate, as telegraphed to the
Record Union from which it is taken:
BE it enacted, by the Senate and
House of Representatives. of the United
States of America, in Congress assembled ,
that there shall be coined at the several
Minis of the United States silver dollars
Of the weight of 4l2I2 grains troy, Of
standard silver, rs provided in the Act of
January Is, 1886, on which shall be the
designs and superscriptiOn provided by
said Act, which coin, together with all
silver dollars heretofore coined by the
United States Of like weight and fneness,
shall be legal tender at their nominal
value for all debts and dues, public and
private, except where otherwise express
ed and stipulated in the contract; and
the Secretary Of the Treasury Is author
izc,' and directed to purchase from time
to time silver bullion at th2 ml.ket p"ce
thereof not less than s. GOO 000 worth
per month, nor more thun 81 000, 900
worth per month, and cause tire same to
be coined monthly, MS fast as purcha .ed,
into such dollars and sum sufficient
To carry out the foregoing provisions of
this Act is hereby appropriated out of
any money in tho treasury not otherwise
appropriated, and any gain or solgnio,oge
arising from this coinage shall be nccoant-
cd for and paid into the treasury, rs pro-
vlded under the existing laws relative to
the subsidiary coinage prOridci, That
the amount OF money at any one time in
vested in such silver bullion, exclusive
Of such resulting coin. shall not exceed
$4,000 600 and pr0rided FURTHER, That
nothing in the Act shall be construed to
authorize the payment in silver Of celti-
hcates Of deposit issued under the pro
vision Of Section 254 of the Revised Stat
utes
Sec. 2. All Acts and parts of Acts
inconsistent with the provisions Of this
Act are hereby repeated.
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 re
may deem advisable, to join the United
States in n conference to adopt common
ratio between gold and silver, for the
purpose OF establishing, internationally,
the use OF bimetalic money, and securing
liXty Of relative 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 rs
may be mutually agreed upon by the ex-
ccutives Of the Governments SO invited
or any three of them who shall have sig
nifed their willingness to unite in the
same. The President shall, by and with
the advice and consent OF the Senate, mp
point three Commissioners, who shall
attend such conference on behalf of the
United States, and shall report the doiugs
thereof to the President, who shall trans
nit the same TO Congress. Said Com
missioners shall each receive the sum of
81, ,500 and their necessary expenses, to
be approved by the Secretary Of State
The amount necessary to pay such com
pensatlon and expenses is hereby appro-
prated out of any money in the treasury
not otherwise appropriated.
Sec. 4. That any holder of this coin
authorized by this Act may deposit the
same with the Treasurer or any Assistant
Treasurer of the United States, in sums
of not less than $40 and receive therefore
certificates Of not less than $40 each, cor
responding with the denominations of
United States notes. The coin deposited
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 debts, and when so received
may be reissued.