Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-05-27
SUBSIDIARY COIN.
Fun Text Of the Warner silver Bill Wiicl
Passed the House Saturday the Gath.

1 : i
Full Text OF the Warner silver Bill which |
Passed the House Saturday, the oath.
bill to amend certain sections Of tho revised
statutes Vi the United States relating to COIN,
sge ana coin, and bullion certificates ana
Tor other purposes
Be it enacted, etc., That section {, Bill OF the
revised statutes of the United States be amend
60 so as to read as follows: Section ., OIL.
The gold coins of the United States shall be
dollar piece OF unit, quarter eagle or two ana
haif dollar piece. three dollar piece, and nali
piece, and double eagle or twenty dollar piece,
and the standard weight of the gold dollar
small be 40 $40 grains; of quarter eagle, or
two T., and half dollar piece, 6411a grains; OF
three dollar pieces. " 40 grains; Of half eagle
or five dollar piece, 100 grains; of an eagle or
ten dollar piece. 1853 grains; Of double eagle.
or twenty dollar piece, SIG grains. "a
Section 2. That section s, 513 revised statutes
OF the United States be amended SO as to read
as follows: Section 8. 5l3-The silver coins OF
the United States shall be dollar or unit, 2
half dollar or fifty cent piece, quarter dollar
or twenty-five cent piece, dime or ten cent
piece; and the weight Of the dollar shall pc
4l211a grains troy weight Of the half DC liar
shall be 2O211a grains, the quarter dollar and
dime shall be respectively a half and NTH OF
SAID half dollar, and the silver dollar IN the
treasury of the United States, when reduced in
AAssVNA1A
centnm below the standard weight prescribed
by law, shall be recoined.
Section 8. That section $500 Of the revised
statutes be amended so as to read as follows:
Section $500. Any owner of silver bullion
may deposit the same at any mint to be formed
into bars or into standard dollars of the weight
of 4l215 grains troy for his benefit, and 10
deposit of silver for other coinage shall pc
received, and silver bullion contained in gold
deposits and separated therefrom may be paid
for in silver coin, provided it shall be lawful
to refuse at the mint any deposit Of bullion OF
less value than 800, and any bullion so bad as
to be unsuitable for the operations of the
mint.
Section4. That section 1924 Of the revised
statutes of the United States be amended 30 as
to read as follows: Sec. 3,524-The charges
for converting gold and silver bullion in'o
value of the bullion in New York city and the
legal tender value of coin. The charges for
| melting and refining when bullion is below
the standard for toughening, when metals are
contained which render it fit for coinage, for
copper used for alloy, when bullion is above
standard, for separating gold and silver when
these metals exist togather in bullion, and for
the preparation Of bars, shall be fixed from
| time to time by the director with the concur
renee of the secretary of the treasury so as to
| equal but not exceed, in their judgment, the
actual average cost to each mint and assay
/
of machinery employed in each case atoremen-
toned.
Section 5. That section s, 1927 of the revised
statutes of the United States be amended &C
as to read as follows: Section S,527. Silver
coins of less denomination than one dollar
shall be paid out at the several minis and tn,
assay Office in New York city to the extent
that they may be required in exchange TO
standard silver dollars, or United States note
at par, in sums not less than fifty dollars
It shall be lawful also to transmit parcels o
the same from time to time, to assistan
treasurers, repositories. land other officers of tn
United States for exchange under the genera
regulations proposed by The directors of th
mints and approved by the secretary Of tn
i treasury. Silver coins of less denomination
than one dollar, when presented at the treas
ury or any sub-treasury or depository of tn
Z United States, in sums not less than twent
, dollars shall be received in exchange for none
Of full legal tender
Section 6. That section 1856, revised sta,
, utes of the United States. be amended so as
read as follows:
Sec 1856. The gold colts of the Unite
States, and standard silver dollars, shall
t legal tender in all payments at their nomins
. value when not below the standard weight an
limit of tolerance provided by law for sing
, l. piece and, when reduced in weight below sue
standard and tolerance, shall be a legal tendt
at a valuation in proportion to their actu;
weight. Tho secretary of the treasury is d
rected and required to have paid out, withoy
, discrimination, standard silver coin belongir
2 = to the government which may at any time
: in the treasury the same as gold coin in lqu
!. dation of all kinds of money obligation
Z against the government.
Q Sec. Z. That section 1856, revised statnt
!. of the United States, be amended so as to res
y as follows:
Sec. 1856. Silver coins of the United Stat
of smaller denominations than one dollar shs
be legal tender at their nominal value for al
y amount not exceeding 500 in any one pa
ment.
Is Sec. 8. The secretary of the treasury is a
J. thorized and required to receive deposits
10 gold OF silver coin and gold or silver bulli
with the treasurer or any assistant treasurer
the United States, or to receive bullion depos
G. ed with the superintendent of the branch mi
9, at Denver, Col. or with the superintendent
IN the branch mint at Carson City, and of t
III government assay Office, in sums of not Il
r than 800, and to issue certificates therefor
:, denominations at the discretion of the dep
=. itor of not less tran $5 each, correspond
W with the denomination of United States not
The coin or bullion deposited for or represel
lie ing certificates of deposit shall be retained
Ill the treasury for the payment OF the same
70 demand; and the certificates representing ct
=. in the treasury, together with those issued
u bullion deposited, shall be received at par
m payment for all dues to the United States,
he Guiding duties on imports; provided, that
M certificates for gold or silver bullion shall
of issued at the average market value of 81
bullion in standard coin of the same metal
New York and San Francisco for the week NJ
ed preceding such deposit; and, provi1eS fttrtl.
Ok that the gold or silver bullion which shall
,e- come the property of the government by
a return of certificate to the treasury in p
In ment of dues thereto shall be coined and p
ha out the same as other money.
- Sec. 9. That from and after the passage
" this act, except as provided in section 8, o.
I'M coins Of less denominations that one dol
shall be fabricated on government account,
ow the secretary shall cause to be coil
on up to the full capacity of the mil
in connection with other coinage, the gold 8
, silver bullion deposited for coinage under
8 on act, and in converting bullion into bars
ny coin for deposits, precedence shall be given
Ire the order in which deposits are made.
bin this provision shall not prevent the delivery
ID, coin or stamped bars in exchange for bull
m as soon as its value is ascertained; provid
"a that in determining the average market va
- of bullion for the purpose of ascertaining
loA charge for converting the same into coin
provided by section 3,525 of the revi
of statutes as amended by the fourth section
of this act, said market rate shall be the value
no bullion in coin of the same metal of its l.
&c, tender value in the cities of New York
% San Francisco for the week preceding 8
m' deposit. Provided tu rtzer, that in the ev
10 that silver bullion is not deposited under
in act available for coinage to the amount
ing % 900 600 per month, then the secretary of
Ick treasury shall continue to purchase under
raj provisions of the law of Feb. %, Il
70 sufficient silver bullion to coin $2,0O0,OO0
III month.
'oA Sec. 10. Nothing contained in this act 9
be construed to authorize the coinage of si
) q except into standard dollars.
mo Sec. IL. All acts or parts Of acts incon
VII tent-with the provisions of this act are her
;ah repealed.
of The Normal school and Prot. Phelps
the iWohoshe- U>~~ld