The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1878-02-21
THE iSA YER BILL.

ate at o'clock this morning, by . vote
of yeas 4S, nays 81, passed the bill to
authorize the coinage of standard sill
yer dollar, and to restore its legal tender
character. The vote was as follows:
Yeas:-Allison, Armstrong, Bailey,
Beck, Booth, Bruce, Cameron, of Penn
sylvania, Cameron of Wisconsin, Chaffee,
CockreI, Cook, Conover, Davis, of ILL.,,
Davis of West Virginia, Dennis, Dorsey,
Eustis, Ferry, Garland, Gorden, Grover,
Hereford, Howe, ingalls,, Johnston,
Jones, of Florida, Jones of Nevada,
Kellogg, Kirkwood. McCreery, Nc
Donald, Mcmillan, Matthews, Maxey,
Merrimon, Morgan, Oglesby, Paddock,
Plumb, Salisbury, Saunders, Spencer,
Teller, Thurman, Voorhees,, Wallace.
Window and Withers-48.
Nays-Anthony, Barnum, Bayard,
Dawes, Edmunds, Hamlin, Hoar, Ker-
nan, Lamar, Mcpherson, Mitchell,
Morrill,, Randolph, Rollins, Sargent,
Wadleigh and Whyte-2t.
Messrs. Harris and Patterson, who
would have voted in the affirmative,
were paired with Fill and Butler, who
would have voted in the negative. Ran
som, who would have voted in the af-
firmative, was absent on account of sick
ness.
Following is the full text of the bill
as passed:
Be it enacted by the senate and house
of representative of the United States
an congress assembled:
That there shall be coined at the sew
eral minis of the United States silver
dollars, of the weight of 4121 grains
Troy, of standard silver, as provided III
the act of January 18th, 1887, on which
shall be the devices and superscription
provided by said act, which coins, to-
gether with all silver dollars hereafter
coined by the United States of like
weight and fneness shall be legal
der 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 two million dollars worth, nor
more than four million dollars 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 appropriated out of
any money in the treasury not otherwise
appropriated, and any gain or seignlor-
age arising from this coinage shall be
accounted for and paid into the treasury
as provided under existing laws relative
to subsidiary coinage, provided the
amount OF money at any one time, IN
vested in such silver bullion, exclusive
of such resulting coin, shall not exceed
five million dollars, and provided further
that nothing in this act shall be constru
ed to authorize the payment in silver of
certificates of deposit issued under the
provision Of section 254 of the revised
statutes.
Section 2. Ali acts and parts of acts
inconsistent with the provisions of this
act are hereby repealed.
Section 3. That Immediately after the
passage of this act the president shall
invite 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
conference, to adopt a common ratio
between gold and silver for the purpose
OF establishing internationally the use
of bi-metallic money, and securing a
hxlty of relative value between these
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
executives of the governments joining
in the same. Whenever the governments
so invited, or any three of them shall
have signifed their willingness to mite
IN the same the president shall, by and
with the advice and consent of the SEN
ate, 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,
and the amount necessary to pay such
compensation and expenses is hereby
appropriated out of any money in the
treasury not otherwise appropriated.
Section 4. That any holder of the
coin authorized by this act may deposit
the same with the treasurer OF any as
sistant treasurer Of the United States, in
sums not less than ten dollars, and re-
ceive therefor certificates of not less than
ten dollars, each corresponding with
denominations of United States notes.
line com deposited for OF representing
the certificates shall be retained in the
treasury for the payment Of the same on
demand; said certificates shall be re-
ceiyable for customs, taxes and all pub
lie dues, and when SO received may be
re-issued.
On motion of Allison the title of the
bill was amended to read, ga bill to au-
thorize the coinage of standard silver
dollar and restore its legal tender char
aeter'
The senate at o'clock, after contin-
uous session of seventeen hours, ad-
journei until Monday.