The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1878-02-21
The Silver Bill.

The following is the full text of the
Silver bill as amended and passed by
the Senate on the morning of the 10th.
1t is entitled ga bill to authorize the
coinage of a standard silver dollar, and
restore its 1egal-tender character:''
Be 1t enacted, ETC, SECTION l. That there shall be
coined Mt the several mints of the United States
silver dollars Of the weight Of 412M grains troy,
Of standard silver, as provided in the act of Jan.
scription provided by said act. which coins, to-
gether with all silver dollars heretofore
coined coined BY sans. the United @ States 9f like
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 di-
rected to purchase from time to time silver
bullion at the market price thereof not less than
SszUO,0OO worth per month, nor more than "a =
0O0,C0) worth per 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 provision of this act is hereby apprc-
otherwise appropriated. And any gain or
selgniorage arising from this eoinag, shall be ac-
counted for and paid into the Treasury, as pro-
yided under existing laws relative to the subsid-
ey at any one time invested in such silver bullion,
exclusive of such resulting coin shall not exceed
$5,0O,t00; and provided, further, that nothing in
this act shall be construed to authorize the pay
ment, IN silver, of certificates of deposit issued
under the provisions of Sec. 25i of the Revised
Statutes.
SEC. 2. All acts and parts of acts inconsistent
with the provisions of this act are hereby re-
pealed.
Sec. 8. That Immediately after the passage of
this act the President shall invite the Govern
ments OF the coun rles composing tie Latin
Union, so called, and of such oLner European Ma
tlons as he may deem advisable, to Join the United
States in Conference to adopt common ratio be-
teen gold and liver. for the purpose of estab-
fishing internationally the use of bi-metallic
money and securing fxity of the relative value
between those metals; such Conference to be held
at such time within six months as may be
mutually agreed upon by the Executives Of the
Governments joining in the same, whenever the
Governments so invited, or any three of them
shall have signihed their willingness to unite in
the same. The President shall, by and with the
advice and consent of the Senate, appoint
three Commissioners, who shall attend such Con-
shall report the doings thereof to the President
who shall transmit the same to Congress. Said
Commissioners shall each receive the sum of
", ,5O0 and their reasonable expenses, to be ap-
proved by the Secretary of State, and the amount
necessary to pay such compensation and ex-
penses is hereby appropriated out of any money
In the Treasury not other wise appropriated.
Sec. :. That any holder of the coin authorized
by this act may deposit the same with the Treas
States in sums of $40, and receive therefor GER
tihcates OF not less than 80 each, corresponding
with tie denominations of United States notes.
The com deposited for, representing, the GER
ticates, shall be ret9ined in the Treasury for the
payment of the same on demand. Said certifi.
Gates shall be receivable for customs, taxes and
all public dues, and when so received may be re-
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