The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1878-02-21
WASHINGTON.
TIE GREAT SILVER BILL PASSED By A MA
yoRITy OF 48 TO 81.
Which is the Necessary Two-thirds if the
President Vetoss it.
Tbs Full Text of the Bill a. it Passed tbs
Senate.

WASHINGTON, February 16.-The
Senate, at five O'Clock this morning, by
vote Of 4S yeas to 81 nays passed the
bill to authorize the coinage of the
standard silver dollar, and to restore
its legal tender character.
The following is the full text of the
bill:
Be ii enacted, ETC., That there shall
be coined at the several minis of the
United States, silver dollars of the
weight of four hundred and twelve
and a half grains (Troy) of standard
silver, as provided in the act of Janu-
airy is, 1867, OH which shall be the de-
vices and prescriptions provided by
SAID act which coins, together with
all silver dollars heretofore coined BY
the United States, Of like weight and
flneness, shall be legal tender at their
nominal value for all debts public aud
private, except where otherwise ex-
pressly stipulated in the contract; and
the Secretary of the Treasury is au-
thorized and directed to purchase from
time to time, silver bullion, lat the mar
ket price thereof, of not less than 49,
O0O,00O worth per month, nor more
than 100000 worth per month, and
cause the same to be coined monthly,
as fast az SO purchased into such dol
lars; and sum sufficient to carry out
the foregoing provision of this act is
hereby appropriated out of any money
IN the treasury not otherwise appro-
priated, and any gain or seigniorage
arising from this coinage shall be ac-
counted for and paid iuto the treasury
as provided for under the existing laws
relative TO subsidiary coinage: Pro
Uided, That the amount of money at
any one time invested in such bullion.
exclusive of such resulting coin, shall
not exceed S5,000,000: Prouided fur
tier, That nothing in this act shall be
construed to authorize the payment in
silver of certificates of deposit issued
under the provision of section 254 of
the revised statutes.
SEC. 2. All acts aud parts of acts in
consistent with the provisions Of this
act, are hereby repealed.
SEC. 3. That Immediately after the
passage of this act, the President shall
invite the governments of the coun-
tries comprising the Latin Union, So
called, and of such other European
nations as he may deem advisable, to
join US in conference TO adopt COM
mon ratio between gold and silver, for
the purpose of establishing an inter-
national use of bi-metallic money, aud
securing tie iixity Of the relative value
between those metals; such a confer
ence to be held at such place in Europe
or in the United States, at such time.
within six months, as may be mutual
ly agreed upon by the executives of
the governments joining in the same.
Whenever the governments SO united,
or any three of them, shall have signi-
tied their willingness to unite in the
same, the President shall, by and with
the advice aud consent of the Senate.
appoint three commissioners who shall
attend such conference on behalf of
the United States, and shall report the
doiHgs thereof to the President, who |
shall transmit the same to Congress. |
said commissioners shall each receive |
the sum OF $1,000 and their reasonable |
expenses, to be approved by the Secre- |
tary of State, and the amount neces- |
sary to pay such compensation and ex-
penses is hereby appropriated out of
any money in the treasury not other
wise appropriated.
SEC. 4. That any holder of coin au-
Ihorized by this act may deposit the
same with the Treasurer, or any AS
sistant Treasurer of the United States
IN sums of not less than ten dollars,
md receive therefor certificates of not
ess than ten dollars each, correspond
ng with the denomination of United
"a INnneifal e. !
Ir representing the certificates shall-be
'etained in the treasury for the pay
nent of the same on demand. Said
shall be receivable for GUS
.oms, taxes and all public dues, and
when so received may be reissued.
The Senate at O'Clock. aftcr~a con-
inuous session of seventeen hours.
adjourned till Monday.