The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1878-02-28


Be it enacted by the Senate and
House of Representatives of the
United States of America, in Con-
gress assembled, that there shall be
coined at the seveial minis of the
United States silver dollars of the
weight of 4l54 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 ali the silver dollars
heretofore coined by the United
States of like weight and fineness,
shall be legal tender at their nom
inal 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 ana
directed to purchase from time to
time silver bullion at the market
price thereof, not less than two mil
lion dollars worth per month, nor
more than four million dollars
worth per month, and cause the
same to be coined into money as
fast as so purchased into such dol
lars, and a 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 seignorage arising from
this coinage shall be accounted for
and paid into the Treasury as pro
vided under the existing laws rela-
tive to the subsidiary coinage, pro-
vided that the amount of money at
any one time invested 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 con
strued to. authorize the payment in
silver certificates Of deposit fixed
under the provision of section 254
of the revised statutes.
Sec. 2. All the acts and parts of
acts Inconsistent with the provis-
ions of this act, are hereby re-
pealed.
Sec. 3. That Immediately after the
passage of this act, the President
shall invite the governments of the
countries composing the Latin I'm
ion, so-ealled, and of such other
European nations as he may deem
advisable, to join the United States
in conference to adopt common
ratio between gold and silver for the
purpose of establishing the interna-
tionality of the use of bi-metallic
money and securing fixity of the
relative value between those metals,
such conference to be held at such
place in Europe or in the United
States, at such time within six
months as may he mutually agreed
upon by the executives of theGov
ernments Joining in the same
Whenever the Goverments so in
vited or any three of them, shall
signify their willingness to unite in.
the same, the President shat, by
and with the advice and consent Of
the Senate, appoint three commits
sioners, who shall attend such con
ference on behalf of the United
States, and shall report the doing
thereof to the President, who shall
transmit the same to Congress.
Said commissioners shall each re
ceive the sum OF $500 and their
reasonable expenses, to be APP
proved 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 other
wise appropriated.
Sec. A. That any bondholder Of
the coin authorized by this act
may deposit the same with the
Treasurer or an Assistant Treasu-
rer of the United States IN sums of
not less than $40 each, correspond
ing with the denominations of
United States notes. The coin de-
posted for representing the certifi
Gates shall be retained in the Treas
uary for the payment of the same
on demand. Said certificates shall
be. receivable for customs, taxes and
all public dues, and when so re-
ceived may be reissued.