Juniata sentinel and Republican. [volume] (Mifflintown, Juniata County, Pa.) 1873-1955, 1878-02-20
The Silver Bill.

]
body, we give below she Bland Bill,
pure and simple, anG sfterWard the va
rious amendments which had been pro-
posed, up to last Saturday, when an
amendment passed the Senate, that does
not differ very much from the 6iif frs,
proposed. lfit is not amended BY next
week, we will publish the full text.
/. I'm act TO authorize the free coinage
of the standard dollar, and TO restore
IFS legal tender character.
Be ii enccfed Sc, That there shall
be coined, at the several mints of the
United Stats, silver dollars of the
weight of four hundred and twelve aud
and half grains Troy of standard sill
yer, as provided in the act of Jan. Is,
1887, on which shall be the devices and
superscriptious provided by said act,
winch coins, together with all silver
dollars heretofore coined by the United
States of ike weight aud fineness. shall
be /. gal tender, at their nominal val
ue, for all debts aud dues, public aud
private, except where otherwise provid-
ed by contract; and any orner of sill
rer bulliO" may deposit the same at any
United States coinage mint or assay
ofice, TO be coined info such dollars, for
ms benefit, upon the same terms and con-
d,tions as gold bullion is deposited for
coinage Under eriSting lars
.. The Senate Committee struck out
the words above italicIsed, aud IN lieu
thereof inserted the following, which Is
the text of tie bill now under ccusid-
Grafton in the Senate
Sand the Secretary of the Treasury
is authorized and directed out of any
money in the Treasury not otherwise
appropriated, to purchase, from time TO
time, ,silve bullion at the market price
thereof, not less than two million dol
lars per month, aud cause the same to
be coined into such dollars. And ary
gain or seigniOrage arising from this
coinage shall be accounted for sud paid
into the treasury, as provided under
existing laws relative TO the subsidiary
coinage, provided, that the amount of
money at any one time invested in such
silver bullIon, exclusive of sucn result
ing coin, shall not exceed 5000 600"
>. The Finance Committee has pro
proposed the further amendment that
after the passage of the bill the Presi-
dent shall invite the Governments of
the Latin Urion, and such others as be
may think proper, to join with this Gov
ernment III a conference concerning the
establishment eff double metallic STAN
dard and the relation of value of the
two metals, and that a commission of
three on the part of this country, for
that purpose, be created.
4. Senator Burnside proposes the
further amendment that the proposed
silver dollars shall be legal tender only
for debts of more than FIVE hundred
dollars
.. Senator Cameron, of Wisconsin,
proposes further amendment that the
proposed silver dollar shall contain 420
grains-tLe weight of the trade dollar.
6. Senator Christiancy proposes
further amendment to the same effect
as that described above in paragraph
No. = and further, that the proposed
silver dollar shall contain 434 grains
and further that the bill, if 1t becomes
law, shall continue In force for one
year only, unless lis operation Is ex
tended by Congress.
!. Senator Booth proposes a fur
ther amendment that holdors of coin in
SUNS of not less than ten dollars may
deposit with the treasurer or any as
sistant treasurer of the United States
and receive therefor certificates, such
certificates TO be receivable for GUS
toms aud all public dues, and the coin
SO deposited to be held by the treasur-
er to redeem such certificates upon de-
mand: so that the Inconvenience of
transferring silver coin in business
transactions may be avoided.
s. Senator Morgan proposes a fur
ther amendment that any holder of
silver bullion may deposit in any mint
or assay Office not less than one hun
dred dollars worth Of it at one time
and not more than one hundred thou
sand dollars worth in any one month,
to be valued at its market price in le-
gal-tender notes; that certificates there
for shall be issued payable BY the Sec
retary Of the treasury in silver dollars
or legal-tender notes in not less than
thirty or more than ninety days; and
that after one year silver bullion shall
be coined on the same terms as gold.
8. Senatoa Beck proposed further
amendment that the Secretary of the |
Treasury be directed TO buy silver
bullion at the market price, in amounts |
of not less than three million of dollars /
worth a month, and as much more as
the minis can com, TO be coined into I
the proposed silver dollars, the gain or
difference between the value Of the .
bullion and the coin to be paid into the
treasury; that, whenever the marke;
price OF silver is SO high that it can
not be bought at less than par in ie |
gai-tender notes. silver bullion shall be |
coined for any holder who shall depos-
1t the same IN any mint or assay Office /
upon the same terms as god bullion;
and, further, that hereafter the subsid
iary coins shall contain the samc rels-
tive quantity of silver as the proposed
silver dollars-that is, one half. one
fourth and one-tenth, respectively, of
il2A grrins.
lG. Senator Biain proposes further /
amendment, thai the dollar shall con
tain 425 grains of standard silver, shall |
have unlimited coinage, and be an IN
limited legal tender.
II. Senator Christiancy proposes
further amendment providing for the !
coinage of silver dollars of 4l2s grains