Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-02-27


in the United States Senate, passed
the Lower House by o large major
ity, and is now in the hands of the
President for his signature or for his
veto:
FULL TEXT OF THE BILL
The following is the full text of the
bill as it passed:
Be it enacted by the Senate and
House of Represeh tatfses If the Uni
ted States of America, in Congress
assembled, That there shall be coined
at the several mints of the United
States, silver dollars of the weight OF
four hundred and twelve and hall
grains, Troy, of standard silver, as
provided in the act of Jan. Is, 1887,
on which shall be the devices and
superscriptions provided by said act,
which coins, together with all silver
dollars heretofore coined by the Uni
ted States of ike 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
bullion at the market price thereof,
not less than two million dollars
worth per month, 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 a sum sufficient to
carry out the foregoing provision OF
this act is hereby appropriated out OF
any money in the Treasury not other
wise appropriated. And any gain OF
seigniorage arising from this coinage
shlll be accounted for and paid into
the Treasury as provided under ex-
listing laws relative to subsidiary
coinage. Provided, That the amount
of money a. any one time invested in
such silver bullion, exclusive of such
resulting coin, sh.:n not exceed five
million dollars and provided further,
that nothing in this act shall be con-
strued to authorize the payment in
silver of certificates of deposit issued
under the provision of section 254 oi
the revised statutes
SECTION All acts and parts of
acts inconsistent with the provisions
of this act are hereby repealed.
SECTION 3.-That Immediately after
the passage of the act the President
shall invite the Governments of the
countries composing the Latin Union
so called, and of such other Europe
an nations as he may deem advisable,
to join the United States in a con-
ference to adopt common ratio be
tween gold and silver, for the pur-
pose of establishing internationally
the use of bi-metalhc money, and Sc
curing fiXity of relative value between
those metals. Such conference to be
held at such place in Europe or in
lllc SbllIu olultS- at SuCu llII!t WILL
in 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 sig
nified their willingness to unite in the
same. The President shall, by and
with the advice of the Senate, appoint
three Commissioners, who shall at
tend 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 eachreceive
the sum of $4,000 and their reason
able 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 tThat any holder of the
coin authorized by this act may de
post the same with the Treasurer or
any assistant treasurer of the United
States. in sums not less than ten dol
lars. ana receive therefor certificates,
of not less than ten dollars each, cor
responding with tie denominations
of the United States notes. The com
deposited for orrepresenting tie Ger
tificates shall be retained in the TrtS,-
sury for the payment of the same on
demand Said certificates shall be
receivable for customs, taxes and
public dues, and when so received
may be re-issued-