Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1878-02-16
AS TO 81.
The Silver Bill Goes Through
the Senate.
An All Night and Excit-
ing Session.
The "SilVer Lunatics" Have it
ALI their Own Way.
The West and the South United
Text Of the Bill

WASHINGTON, February l6.-SEYATE
At 5 o'clock this morning, by a vote o.
yeas As, nays Il. the bill passed to au
thOrize the coinage of the standard silver
dollar. and to restore its legal tender
character. The vote was as follows:
Yeas Allison, Armstrong, Bailey.
Beck, Booth, Bruce, Cameron (Peun.)
Cameron wis J, Chaffee, COckerell,
Cook, Conover, Davis iii J. Davis (E.
Va \ Dennis, Dorsey, Eustis, Ferry
Garland. Gordon, Grover, Hereford,
Howe, Ingalls,, Johnston, Jones Ella }
Jones (Nev J, Kellogg, Kirkwood, Nc.
Creary, Mcdonald, Mcmillan, Matthews,
MaHey, MerrimOr, Morgan, Oglesby,
Paddock, PluEb, Salisbury, Saunders,
Spencer, Teller, Thurman, Voorhees,,
Wallace, Window and Withers-4S.
Nays AnthOny. Barnum, BayArd,
Blaine, Burnside, Christiancy, Conkling,
Dawes. Edmunds, Hamlin, Hoar Ksr.
nan, Lamar, Mcpherson, Mitchell, Nor.
rill, Randolph, Rollins, Sargent, Wsd-
leigh and Wbyte-2l. Messrs. Harris
and Patterson, who would have voted in
the alternative, we're paired with Messrs.
Hill and Butler. who would have voted
10 the negative. Mr., Ransom, who would
have voted in the affirmative, was absent
on account Of sickness. The following
is a full text OF the bill as passed:
Be it enacted by the senate and house
of representatives. OF the United State,
Of America. in congress assembled:
That there shall be coined al the several
minis of the United States, silver dollars
Of the weight of four hundred and twelve
aud a-halt grains troy, OF standard sill
yer, as provided in the act Of January
18th, 1887, on which shall be the devices
aud superscription provided by the said
act; and which coins, together with all
silver dollars heretofore coined by the
United States, OF like weight and foe
ness, shall be a legal tender at their nom.
inal value for oil debts and dues, public
aud private, except where otherwise ex.
pressly stipulated in the contract; and
the secretary OF the treasury is author.
lied and directed to purchase, from time
TO time. silver bullion at market price
thereof, not less than two million dollars
worth per month nor more than four mil
lion dollars worth per month, and cause
the same to be coined monthly, as fast
as so purchased, into such dollars, and a
sun sufficient to carry out the foregoing
provision Of this act is hereby appropri.
ated 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 provided under ex.
istiDg laws relative to the subsidiary
coinage; provided, hat the amount Of
money ut any n time invested in such
silver bullion, exclusive Of such result.
ing coin, shall not exceed FIVE million
dollars; and, provided further, that moth
ing in this act shall be construed to an.
thorize the payment in silver Of certi6-
Gates Of deposit issued under the pro-
vision Of section 254 Of the Revised
Statutes.
Sec. 2. All acts and parts OF acts in.
consistent with the provisions Of this act
are hereby repealed.
Sac. 3 That Immediately after the
passage Of this set the President shall
invite the governments of the countries
composing the Latin Union, so called,
and Of such other European nations as
he may deem advisable, to join the Uni
ted States in conference to adopt a com
mon ratio between gold and silver for
the purpose Of establishing information.
ally the use Of bi. metallic money, and
securing fxity OF relative value between
those metals, such conference 10 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
10 the same, whenever the governments
so invited, or any three Of thea, shall
have signihed their willingness 10 unite
in the same The President shall, by
and with the advice and consent Of the
senate, appoint three commissioners who
shall attend such conference on behalf
Of the United States, and shall report
the doinga thereof TO the President, who
shall transmit the came TO congress
Said commissioners shall each receive
the sun Of $2500, and their reasonable
expenses, to be approved by the secreta.
ry Of state, and the amount necessary to
pay such compensation and expenses is
hereby appropriated out Of any money
in the treasury not otherwise a%ppropria.
ted.
Sec. 4. That any holder of the coin
authorized by this act may deposit the
same with the treasurer or any assistant
treasurer Of the United States in sums
OF not less than ten dollars, each CORE.
spending with the denominations of the
United States notes. The coin deposited
for or representing the certificates shall
be retained in the treasury for The pay.
ment Of the same on demand Said Ger.
tiicste shall be receivable for customs.
taxes and all public dues, and when SO
received may be re:ssued.