The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1879-06-05
fks Warner silver Bill.

Tie warmer silver Bill.
The following is the full text of thb
Warner Silver bill a. Il passed the Ma
tiohaf HtNss of Representatives on
the 24th:
A Bill 10 amend certain sections of the Revised
Statutes Of the United States relating to- eointge
and com, and bullion certhcates' and for other
Be sesSas9ii, ETC., That Sec. s.s11 Of tn. Re-
Nsed Statutes Of the United States be amended 20
$50: ash. The gold coins of the United
States shall be onedOllar piece orunit quarter
eagle or and a half dollar piccel three-doIiar
81 ten dollar pisssA .e p twenty
koa dolist shall be Is $40 grains; Of the quarter
OF the three-dollar piece. u 40 grains; Of the
half eagle Tor fvedollar piecel 1923 grains; of the
eagle Tor ten-dollar piece(, 258 grains; Of the
SEC. 2. That Sec. of the Revised Statutes d
the United States be amended 80 % t. reid as
"Src. 1873. The silver coins of the United
States snail be dollar (or unity, a halfdollar Tor
SOcent piece) quarter dollar Tor 25-cent picce),
dime (or 1O-cent piece; and the weight Of the
the halfdollar shall be II grams and one-half Of
gram; the quarter.dollar and dime shall be re-
spectvely one half and one-ffth of said half.dol-
lar: and silver dollars in the Treasury of the
United States, when reduced in weight by natural
abrasion more than per centum below the stand
arg weight prescribed by law. shall be recoined."
81 the United States be amended SO as to read IS
SEC: $500. Any owner of silver bullion may
bars or into standard dollars of the weight of 412X
grains Troy for his benefit. and no deposit Of sill
yer for other coinage shall be received and silver
IIrN tnSy, Aknl
therefrom may be paid for in silver coin; pyouided
It shall! be lawful to refuse at the Mint any deposit
OF bullion of less value than $780, and any bullion
60 base az to be unsuitable for the operations ~
SEC. 4. That Sec, 3,524 of the REVISED Statutes
Of the United States be amended SO as to read az
a.sEc. 1924. The charges for converting gold
and silver bullion into coin shall be the difference
between the market value of bullion in New York
charges for melting and refining when bullion Is
below the standard, for tOughening when metals
are contained in it which render it unfit for
is above the standard, for separating gold and sill
yer when these metals exist together in bullion,
and for the preparation Of bars shall be fixed from
renee of the Secretary of the Treasury, so az to
equal, but not exceed, in their Judgment, the &C.
tual average cost to each Mint and Assay Office Of
employed in each Ofthe cases aforementioned
Sec. 5. That Sec. 1897 Of the Revised Statutes
Of the United States be amended SO as to read as
SEC. 3,527. Silver coins of less dcnomina-
ton than one dollar shall be paid ont at the sew
eral minis and the Assay Office in New York City
change for standard silver dollars or United states
a IT. shall ns N, be lawf also to ~ transmit pas
officers of the United States for exchange
under the general regulations proposed
Secretary OF the Treasury and silver coins OF less
denomination than one dollar, when presented at
the Treasury or any Sub-Treasury or Depository
twenty dollars, shall be received in exchange fof
money Of full legal tender"
SEC. 6. That Sec. 8, 585 of the Revised Statutes
follow:
'SEc. 1855. The gold coins of the United
States and standard silver dollars shall be legal
tender in all at their nominal value when
ance provided by law for single piece, and when
reduced in weight below such standard and toll
ersnce, shall be legal tender at valuation in
of the Treasury 10 directed aud required to pay
out, without discrimination, standard silver coin
belonging to the Government which may at any
time be in the Treasury, the same as gold coin, in
liquidation of all kinds of money obligations
against the Government"
SEC. Z. That Sec. 1856 of the Revised Statutes
of the United States be amended so as to read US
follows:
"sEc. 1856. Silver coins of the United States of
smaller denominations than one dollar shall be
legatender at their nominal value for any amount
not exceeding $50 in any one payment
SEC. &. The Secretary Of the Treasury is author
lied and required TO receive deposits of gold Or
silver coin and gold or silver bullion with the
Treasurer or any Assistant Treasurer of the lifted
States or to re Give bullion deposi tied with the Su-
perinendent of the branch Mint at Denver, Col,
or with the Superintendent of the branch Mint at
Carson City. and of the Government Assay Offices,
in sums OF not less than so. and to issue certif
Gates therefor in denominations at the discre
ton of the GepositOr OF not less than S. each.
corresponding with the denomination of United
States notes. The coin or bullion deposited for or
repre- ,,ening certificates Of dero>it shall be re-
tanned in the Treasury for The payment of the
same on demand and the certificates represent
ing coin in the Treasury. together with those s-
in payment for all dues to the United States, in
Guiding duties on imports: protided, that all GER
tifcates for gold or silver bullion shall be issued
at the average market value Of such bullion in
standard coin of the same metal at New York and
San Francisco for the week next preceding such
deposit and, prortded further. that the gold or
the Government by the return of certificate othe
Treasury in payment of dues thereto shall be coined
and paid out the same As other money.
SEC. s. That from and after the passage of this
act. except as provided in Sec. =. only coins of
IS denominations than one dollar shall be fabri
Gated on Government account. but the Secretary
shall cause to be coined up to the full ca
pacity of the minis. in connection with other
coinage, the gold and silver bullion deposited
for coinage under this act. and in converting
bullion into bars or coins for deposits. prece-
dence shall be given in the order in which de.
posits are made. But this provision shall not pre-
vent the delivery of coin or stamped bars in ex-
change for bullion as as its value is ascer>
tanned; prOrided. that in determining the average
market value of bullion for the purpose of ascer-
tanning the charge for converting the same into
coin, ~ provided by Sec. 1924 of the Revised
Statutes "a amended by the fourth section of this
act, said market rate shall be the value of bullion
in coin Of the same metal of its legal tender value
in the Cities Of New York and San Francisco for
the week preceding such deposit; pror,ded fur
tier that in the event that silver bullion is not
deposited under the provisions of this act availa
Bile for coinage to the amount of $2.OOO,OOO per
month. then the Secretary of the Treasury shall
continue to purchase under the provisions of the
law Of Feb. 2X. 1878, sufficient silver bullion to
coin S2.O0O,OCO per month.
Sec. 10. Nothing contained in this act shall DO
construed to authorize the coinage of silver except
into standard dollars.
Sec IL. All acts parts of acts inconsistent
no Of