The Morristown gazette. [volume] (Morristown, Tenn.) 1867-1920, 1878-02-27

the Silver bill as it passed the SEN
ate:
Be st enacted By tie Senate and HOUSE of
Represenatfoes Of tbs United States Of Anseri-
ca IN Congress assembled, That there shall
be coined at the several minis of the
United States silver dollars of the
weight of 41sa grains, Troy, or standard
silver, as provided in the act of January
10, 1897, on which shall be the devices
and superscription 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 and dues, public or private,
except where otherwise expressly stip-
ulated in the contract.
And the Secretary of the Treasury is
authorized and directed to purchase,
from time to time, silver bullion at the
market price thereof, not less than
S., 900, 600 worth per month nor more
than 81 600. 900 worth per month, and
cause the same to be coined monthly as
fast as so purchased into such dollars.
And 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 seigniorage arising
from this coinage shall be accounted for
and paid into the Treasury as provided
under existing laws relative to the sub
aidlary eeinageI provided that the
amount OF money at any one time in
vested In such silver bullion exclusive
of such resulting coin, shall not exceed
So, 000, 900; and provided further that
nothing in this act shall be construed to
authorize the payment in silver of GER
tificates 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/ act are hereby repealed.
Sec. 8. That Immediately after the
passage of this act the President shall
invite the government of the countries
composing the Latin Union, so-calledl,
and OF suoh 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 inter.
| nationally the use of bi-metallic money,
and securing fixity of relative value be-
tween those metals, such conference to
be held at such place in Europe or in
| I'll, -
six months, as may be mutually agreed
upon by the executives of the govern
ments joining in the same, Whenever
the governments so invited or any three
of them, shall have signitied their will
ingness to unite in the same.
The President shall, by and with the
consent of the Senate, appoint three
J Commissioners, who shall attend such
conference GA behalf of the United
States and shall report the doings there
of to the President, who shall transmit
the same to Congress. Said Commits
sioners shall each receive the sum Of
So, 800 and their reasonable expenses, to
be approved by the Secretary of State
: and the amount necessary to pay sucl
compensation and expenses is hereby
appropriated out of any money in thu
Treasury not otherwise appropriated.
SEC. 4. That any holders of the eQil
authorized by the act may deposit tA'
same with the Treasurer or any Assis
, tant Treasurer of the United States il
sums not less than $40, and receive
therefor certificates of not less than 81
each. corresponding with the dsnomina
, tions of the United States notes. Tn,
coin deposited for or representing thu
certificates shall be retained in tn
treasury for the payment of the same OF
, demand. Said certificates shall he re
ceivable for customs, taxes and all pub
lie dues, and when SO received may b
reissued.