Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1878-02-25
The New Silver Bill.
The following is the full text of the amended
silver bill which has passed both branches of Con
gress and has been sent to the President

The following is the full text Of the amended
silver bill which has passed both branches of Con
gress and has been sent to the President:
That there shall be coined at the several minis
of the United states, silver dollars OF the weight
OF Az IL grains Troy Of standard silver. pro-
yided 10 the act of Jan. 49, 1887 which shall be
the devices and superscupions provided by said act
which coins, together wi all silver dollars here
tofore cuined BY the United state. of like weight
and fueness shall be legal tender at their nomi-
nal value for ali debts and dues public aud private,
except where otherwise expressly stipulated 10 the
contract and the Secreta Y OF the Treasury is au-
thorized and directed to purchase from time to
time, silver bGl ion At the ma ket price thereof,
not less than - 100000 worth per month, OF more
than -4,OO0,O0O worth per month, aud cause the
same 10 be coined monthly fast AS purchased
into such dollars aud sum sufficient TO carry out
the foregoing provision OF tins act IS hereby
appTu 81 lated out Of any money ia the treasury not
otherwise appropriated, and any gam OF segn
forage arising IRON this coinage, shall be &C
Coubted Tor aud paid into the treasury a provided
under existing laws relative to the subsidiary coin
age, provided that the amount OF money al any one
time in such silver bullion exclusive OF such
resulting coin shall not exceed 5000 900; and
provided further that nothing in this act shall be
construed TO authorize the payment in silver of
certificates Of deposits issued under the provision
of sec. pa of the revised statutes.
Sec. ,. All act, aud pats of acts inconsistent
W
Secuou 3. That Immediately after the passage
of this act the President shall invite the govern
ments OF the countries comprising the LalIn mon,
20 called, and such other nations as he may deem
advisable to JOIN the United states in confer
ence to adopt common ratio between gold
and silver for the purpose OF establishing lnterna-
uona!ly the use OF bi-metalic money, and securing
a fNy of relative value between these M tails such
conference to be beld al such place IN Europe OF
IN the United States, at such time within Sly
months, as may se mutually agreed upon by the
Executives OF the governments joining III the
same.
Whenever the governments so unite, or any
three OF them shall have slgnhed their willing
ness to unite the same the President shall by AID
with the advi,e and consent of the Senate ap
point three commissioners who shall attend suct
conference on behalf of the L n.ed States and
shall report the dolngs thereof TO the Fl esldent,
who shall transmit the same TO Congress. Sad
comm ssloners shall each receive the SUN of $500
and Their reasonable expenses, to be approved by
the SaSretaiy of State aud the amount necessary
to pay such compensation and expenses IS hereby
appropriated out Of any money IN the treasury mo-
Otherwise approqr ated.
Sec. 4. That any holder of the coin authorized
by the act, may deposit the same with tue treas
urer or any assistant treasurer OF the United
States. in sums not less than $40, and receive
there for certificates of not less than $40 each
cores onding with the denominations OF United
states notes.
The coin deposited for the certificates shall be
retained in the treasury for the payment Of the
same, on demand, and said certificates shall be re
ceIyaole for customs, taxes, and all public dues,
and when go received may be lie issued.