Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1878-02-22
THE SILVER BILL.
From the Baltimore Daily Sun.

After an all night session the Bland silver
bill passed the United States Senate ia an
amended form at 5 o clock on Saturday morn
ing, by vote of 49 TO I'll, thus giving the bill
more than two-thirds vote The principal
amendment adopted was the striking out OF
the free coinage clause of the Bland bill, and
and the insertion of the Senate finance com
mittees amendment limiting the purchase OF
silver bullion to 81, 000 900 per month, and
giving the government the profit of the coin
age; another amendment adopted provides
for an international conference Of all the sill
Ter-mining nations to decide, if possible, on a
uniform basis OF relative valuation in silver
and gold and still another amendment author
ICES the issue of silver certificates in exchange
for silver coin in sums of not less than ten dol
lars. These amendment will send the bill
back to the House. The following is the full
text OF the bill as il passed the Senate:
BE IL enacted, That there shall be coined at
the several minis of the United States silver
dollars of the weight Of 4l24 grains troy of
standard silver, as provided In the act of jan
uary 10, 1887, on which shall be the devices
and superscriptons provided by said act
which coins together with all silver dollars
heretofore coined by the United States of like
weight and fineness, shall be legal tender
AT their nominal value for all debts, public aud
private, except where otherwise expressly slip
u lated in the contract. And the Secretary Of
the Treasury is authorized and directed 10
purchase silver bullion from time to time at
the market price thereof, not less than two
mil linn Aoila unr NOR nonth M MOI h
four million dollars worth per month, and
cause the same TO be coined monthly, as fast
as so purchased into such dollars. Ald a
sum sufficient to carry ont the foregoing pro-
vision Of this act is hereby appropriated out of
any money in the treasury not otherwise ap-
propriated. And any gain or segniorage
arising from this coinage shall be accounted
for and paid in the treasury as provided I'M
der existing laws relative 20 the subsidiary
coinage.
Provided that the amount of money at any
one time invested in sueh silver bullion, ex-
elusive of such resulting coin, shall not ex-
coed five million dollars and provided Their,
that nothing in the act shall be construed TO
authorize the payment in silver OF certificates
of deposit issued under the provision of sec
ton 254 of the revised statutes.
Section g. All acts and parts of acts in
consistent with the provisions of this act are
hereby repealed.
Section 3. That Immediately after the pas
sage of this act 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 United States in a conference to
adopt common ratio between gold and sill
yer, for the purpose of establishing inter-
nationally the use of bi-metallic money, and
E,.4 =. al
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 mu-
tually agreed upon by the execu lives Of the
governments joining in the same, whenever
the governments so invited, or any three of
them, shall have signifed their willingness to
unite in the same. The President SHALL by
and with the advice and consent of the Senate,
appoint three commissioners, who shall at
tend such conferences on behalf of the United
States, and shall report the doings thereof to
the President, who shall transmit the same 10
Congress. Said commissioners shall receive
the sum Of So, each and their reasonable
expenses, TO be approved by the Secretary of
State and the amount necessary TO pay such
compensation and expenses is hereby appro-
priaied out of any money in the treasury not
otherwise appropriated.
Section 4. That any holder of the coin
authorized by the act may deposit the same
with the treasurer, or any assistant treasurer,
of the United States in sums not less than
$40, and receive therefor certificates of not
less than $40, corresponding with the denomi-
nations 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 certi6-
Gates shall be receivable for customs, taxes,
and all public dues, and when SO received may
hn nnd