Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1879-05-30
The Silver Bill---Its Full Text as Passed
by the House,
WAsHrNaroN, May 2

| Dy tne House,
WAsHINaroN May ~.
The full text of Warmers Silver Bill
as it passed the House to-day is as fol-
lows:
A bill to amend certain sections Of the Re
vised Statutes OF the United States relating
to coinage and coin and bullion certificates,
and for other purposes.
BE II enacted that section 3,5ll OF the Re.
yised Statutes Of the United States be amend
cd so as to read as follows:
"SECTToN 3,5ll. That gold coins Of the
| United States shall be one. dollar piece, or a
unit; a quarter eagle or two and a half dollar
piece; three-dollar piece; half eagle, or
five dollar piece; an eugle, or ten-dollar piece,
and double eagle, or twenty-dollar piece. And
the standard weight Of gold dollar shall be
% $40 grains OF the quarter eagle, or two
AMI oneh half dollar piece, 6il5 grains; OF the
three-dollar piece, n 40 grains Of the half
eagle, or ivedollar piece, 100 grains; of the
eagle, or ten-dollar piece, 25S grains of the
double eagle, or twenty-dollar piece, 5l6
grainsN
SEC. 2. That section 3,5i3 of the Revised
Statutes Of the United States be amended so
as to read as follows:
"SEC 3,5l3. The silver coins Of the United
States shall be dollar or unit; half dollar,
or fifty cent piece; quarter dollar, or twenty
five cent riCtU; dime, or ten cent piece; and
the weight Of a dollar shall be 4l21& grains
troy; the weight Of a half dollar shall be
twelve grams and onchalf of a gram; the
quarter dollar and dime shall be respectively
one-half and one-fifth of said half dollar; and
silver dollars in the Treasury OF the United
States, when reduced in weight by natural
abrasion more than one per centum below
the standard weight prescribed, shall be re-
ceived."
SEC. 2. That section $3.50 of the Revised
Statutes of the United States he amended so
as to read as follows;
"SEC. $500. Any owner of silver bullion
may deposit the same at any mint to be formed
into bars or standard silver dollars of the
weight OF 4l214 grains troy, for his benefit:
and no deposits of silver for other coinage
shall be received; and silver bullion contained
in gold deposits, and separated therefrOm,
may be paid for in silver coin; provided that
1t shall be lawful to refuse at the mint any
deposits of bullion of less value than 800,
and any bullion so base as to be unsuitable
for the operations of the mint.n
SEC. 4. That section 1924 of the Revised
Statutes of the United States be amended so
as to read as follows:
"SEC. 1924, The charges for rcOnverting gold
and silver bullion into coin shall be the diff
ference between the market value of bullion
in New York City and the legal tender value
of the coin. The charges for melting and re-
lining when bullion is below the standard, for
toughening when metals are contained in it
which render 1t unfit for coinage, for the cop
per used for alloy when bullion is above the
standard, for separating gold and silver when
these metals exist together in bullion, and for
the preparation of bars shall be fixed from
time to time by the directors, with the con-
currence 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
office of the material, labor wastage and use
OF material employed in each of the cases
aforementioned
SEC s. That section 3,527 of the Revised
2tnfutnr Of ho Init oJ ha Jol
as to read as follows:
"sEC. 3,527. Silver coins of less denomina-
tOus than 81 shall be paid out at the several
mints and ASSAY Offices in New York City to
the extent they may be required in exchange
Tor standard silver dollars, or United States
notes at par in sums of not less than $50. 1t
snail be lawful also, TO transmit parcels of the
same from time to time to Assistant Treasur-
ers, repositories, and other officers of the
United States for exchange, under general
regulations proposed by the Director of the
Mint and approved by the Secretary of the
Treasury, and silver coins of less denomina-
tion than 81, when presented at the Treasury
or any Sub-Treasury, or depository of the
United States, in sums of not less than $40,
shall be received in exchange for money of
full legal tender.
SEC g. That section 1855 of the Revised
Statutes Of the United States be amended so
as to read as follows:
"SEC 1855. The gold coins of the United
States and standard silver dollars shall be
legal tender in all payments at their nominal
value, when not below the standard weight
and limit of tolerance provided by law for a
single piece, and when reduced in weight be-
low such standard and tolerance shall be legal
tender at valuation in proportion to their
actual weight. The Secretary of the Treasury
is directed and required to cause to be paid
out, without discrimination, standard silver
coin belonging to the Government which NAV
at tiTnp bn in the Trpa tho 90
gold coin, in liquidation of all kinds of money
obligations against the Government
SEC T. That section 1856 of the Revised
Statutes of the United States be amended so
as to read as follows:
Sec $3.50. Silver coins OF the United
States of smaller denominations than 81 shall
be legal tender at their nominal value for any
amount not exceeding $50 in any enc pay
ment."
SEC. s. The Secretary of the Treasury is au-
thorized and required to receive deposits of
gold or silver coin, and gold or silver bullion,
with the Treasurer or any Assistant Treas
urer of the United States, or to receive bull
ion deposited with the superintendent of the
branch mint at Denver Col, with the super
intendent of the branch mint at Carson
City, and of the Government assay Offices
in sums of not less than $50, and to issue
certificates therefor in denominations, at
the discretion of the depositOr, of not less
than five dollars each, corresponding with
the denomination of United States notes.
The coin or bullion deposited for or
representing certificates of deposit shall
be retained in the Treasury for pay
ment of the same on demand, and certificates
representing coin In the Treasury, together
with those issued for bullion deposited, shall
be received at par payment for all dues to the
United States, including duties on imports;
provided that alrcertilicates for gold or silver
bullion shall be issued at the average market
value of such bullion, in standard coins of
the same metal in New York and San Fran
cisco, for the week next preceding such de-
posit; and provided further, that gold and
silver bullion which shall become the property
of the Government by the return of certih-
Gates to the Treasury in payment of dues
thereto shall be coined and paid out the same
as other money
SEC. 8. That from and after the passage of
this act, except as provided in section s, only
coins of less denominations than one dollar
shall be fabricated on Government account,
but the Secretary shall cause TO be coined up
to the full capacity OF the mlnts In connection
with other coinage the gold aud silver bullion
deposited for coinage under this act; and in
converting bullion into bars or coins for depos-
its precedence shall be given in the order In
which deposits are made; but this provision
shall not prevent the deliver of coin or stamped
bars in exchange for bullion as soon as its
value is ascertained; provided, that in deter
mining the average market value of bullion
IOr Jno purpose OF ascerJalnlng the charge Tor
converting the same into coin, as provided by
section 3,524 Of the Revised Statutes as
amended by the fourth section of the act,
said market rate shall be the value of bullion
in coin of the same metal at its legal tender
value in the cities of New York and San
Francisco for the week proceeding such de-
pOsit; provided further, that in the
event that the silver bullion is not
deposited under the provision of this act
available for coinage to the amount OF
81, 900, 600 per month, then the Secretary of
the Treasury shall continue to purchase, under
the provisions of the law of February 2Sth
1873, sufficient silver bullion to coin 81 600 600