The home journal. (Winchester, Tenn.) 1858-188?, 1878-02-28
The Silver Bill.
The following is the tex Of the sill
yer lill rs pnssel hy the Senute:

The following Is the tex Of the sill
yer Till rs passed Ivy the Senate:
An Act to authorize the coinage OF the
standard silver dollar, und " restore liz
leoal-tender character.
BE IL enacted, That there shall ln
coined at The several minls Of The I'M
ted States, sil,er dollars OF the weigh
Of 4l24 grains troy. OF standard silver
a, provided 10 the act Of January lSt'
1887, on which there shall he the ne
wees and s"perscriptions pro'''ea w.
sad net, winch coins, together w'lh.a''
silver dollars heretofore coined ny th'
United States of like weight AMI M"
ness. shall be II legal tender, ~ lh"If
nVninul value, Tor all debts aud dues.
public aud private. except where other
wise expressly stipulated in the con-
tract aud the Secretary Of the Treas
ury IL authorized and directed to pur.
chase from time To time sil, CT bullion
At the market price thereof, no, less
than 81 0OO.OOU per month. . more
than 81 1000 per month, and cause
he same 10 lac coined monthly ~ fasi
.. 10 pIrchaSeh. into such dollars g.,
nd the sum sufficient t. carry u"t the
"rgning precision is hereby appro
prlnled, and any gum or selgnora2'
arising from THIS coinage shall ne nc
counted for and paid into the Ircasn
ry. as provided under existing laws
relative To the subsidiary coinage
Provided, That the amount %! IDonrl
A. any one tine invested IN suc! bal!
lion. exclusive of such rrsnltlny coin,
shall not exceed Sj,OOO,OOO.
And provii"i further, that nothing
III this act shall be construed to an
lho:izc the payment in silver 81 cerliii
Gates OF deposit issued under the pro-
visions of section 2j4 Of the Revised
Statutes.
Sec 9 That Immediately after the
passage Of this act The President shall
invite the governments of the countries
composing the Latin union 50 called,
and Of such other European nations a.
he may deem advisable. to jim the
Uni Ell States in n conference, to adopt
a common ratio ~ between gold and
silver for tho purpose OF establishing
inicrnationally the use Of bl.metaiIc
money, aud securing iixlly OF relative
value between those metals; such o
terence to he held in such place in El-
rope or in the United States, at sucl,
time, within six months, as may be-
naturally agreed upon 10y the cX"cu
lives Of the Governments joining in
the same. Whenever the Governments
80 invited, or any three OF them, shall
have sisnliiel 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 attend such conference Ia
Of the United States, and shall
report the doln9s thereof to the Prcsl-
Congress. Said Commissioners shall
exact and receive the sum of So, 800
aud their reasonable expenses, 10 be
approved by the Secretary of State,
and the amount necessity 10 paw such
compensation and expenses is herc",
appropriated ont Of any monte, IN the
Treasury not otherwise Appropriated.
Sec. 3. That any holder of the coin
authorized by this act may deposit The
same with the Treasurer or anv Ass
sislant Treasurer of the United States,
in sums not less than ten dollars, ami
receive therefor certificates Of not less
than ten dollars each. corresponding
with the denominations OF the United
States notes. The coin deposited for
or representing the certificates shall he
retained in the Treasury for the pay
mcnt OF the same on demand Said
certificates shall be receivable tor Gus.
toms, taxes, aud all public dues, and
when 80 received may he re.issued.
Sec 4 All acts and parts of acts in
consistent with the provisions Of this
act are hereby repealed.