The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-05-28
THE SILVER BILL.
Full Text of the Warner Bill as il
Passed the House.

The following is the full text Of the
Warner bill:
A bill 10 amend certain sections of the
Revised Statutes of the United States
relatives to coinage and coin and bullion
certificates, aud for other purposes.
SECTION 9. Be 10 enacted, etc, That Sec
ton 3,51l of the Revised Statutes of the
United States be amended so as read as
follows Section 3,5ll. The gold coins
of the United States shall be one dollar
piece or unit; aquarter eagle or a two and a
half dollar piece; an eagle or ten dollar
piece; and double eagle or twenty dollar
piece; and the standard weight of a gold
dollar shall be 25 $40 grains; of the quar-
ter eagle or two dollar and half piece,
GAL grains; Of the three dollar piece, ia
10 grains; of the half eagle or five dollar
piece, l29 grains; of the eagle or ten dol
lar piece, 25S grains; of the double eagle
or twenty dollar piece, sic grains.
Sec, 2, That section 1878 Revised
Statutes of the United States, be amended
so as to read as follows: Section 3,5l3.
The silver coins of the United States shall
be dollar or unit; half or so cent piece;
quarter dollar or % cent piece; dime
or 10 cent piece: and the weight of the
dollar shall be 4422 grains Troy weight; of
the halt dollar it shall be u grains and
of a grain; the quarter dollar and dime
shall be respectively ! and Us 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 pre-
scribed by law, shall be recoined."
d SEC. 8. That section $50 of therevised
statutes Of the United States be amended
so as to read as follows: Section 1920
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 4l24 grains Troy for his benefit, aud
and no deposit of silver for other coinage
shall be received, and silver bullion con-
tanned IN gold deposits, and separated
theretrom. may be paid for 10 silver coin
provided it shall be lawful to refuse at
the mint any deposit of bullion or less
value than 500, aud any bullion 80 base
as to be unsuitable for the operations OF
the mint.
SEC. 4. That section 1924 of Revised
Statutes of the United States be amended
90 as to read as follows: Section 1924
The charges for converting gold and silver
bullion into coin shall be the difference
between the market value of bullion in
New York city and the legal tender value
of coin. The charges for melting and re.
ining, when bullion is below standard; fol
toughening when metals are contained il
il which render it unfit for coinage; for
copper used for alloy when bullion is above
standard; for separating gold and sivel
when these metals exist together in bull
ion, and for the preparation Of bars, shall
be fixed from time to time by the director
with the concurrence Of the secretary o.
the treasury, so as to equal but not exceed
IN their Judgment the actual average cos
TO each mint and assay Office of the ma
terial, labor, wastage and use Of machine
ry employed 10 each of the cases aforu
mentioned"
SEC. 5. That section 1927 of the Re
vised Statutes of the United States b.
amended 30 as to read as follows: Sec
ton 81 27, Silver coins OF less denomina
tons than one dollar shall be paid out a
the several minis, and the assay Office il
New loTk city, to the extent that the,
may be required in exchange for STANDARD
silver dollars, or United States notes a
par, in sums of nc, less thar $50.
shall be lawful, also. to transmit parcel
OF the same from time TO time to assistaU
treasurers, repositories, and other officer.
of the United States for exchange undeI
the general regulations proposed by thu
directors OF the mint and approved by tn,
secretary of the treasury; and silver coiu
Of less denomination than one dollar, wher
presented at the treasury or at any sub
treasury or depository of the United States
10 sums not less than twenty dollars, shall
be received in exchange for money of full
legal tender"
Sec That section 1855, Revised Stat
utes Of the United States, be amended 81
as to read rs follows: Section 1856
The gold coiDs Of the United States ant
the standard silver dollars shall be lega
tender in all payments at their nomina
value, when not below the standard weight
and the limit OF tolerance provided by Law
for single piece; and when reduced il
weight below such standard and tolerance
shall be legal tender at q valuation in pro
portion 10 their actual weight. The sec
rotary OF the treasury is directed and re
qulred TO pay out without Discrimination
standard silver coin belonging to the GOV
ernmeut which may at any time be in thu
treasury, the same as gold coin, in liquid
alton OF all kinds OF money obligation:
against the government"
SEC. Z, That section 1856 Revised
Statutes OF the United States be amended
so as to read as follows: Section 1856
Silver coins of the United States of small.
er denominations than one dollar shall be
legal tender ct their nominal value for any
amount not exceeding twenty dollars in any
one payment"
SEC. s. The secretary OF the treasury
is authorized and required to receive de.
posts of gold or silver coin aud gold OF
silver bullion with the treasurer or any
assistant treasurer of the United States,
or to receive bullion deposited with the
superintendent of the branch mint at Den
yer, Col, or with the superintendent OF
the branch mint at Carson City, Dnd of
the government assay officers in sums OF
not less than twenty dollars; and to issue
certificates therefore 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 rep
resenting the certificate of deposit shall be
retained IN the treasury for the payment
OF the same on demand, and the certif-
Gates representing coin in the treasury.
together with those issued for bull.
non deposited, shall be received at par in
payment Tor all dues to the United States,
including duties on Imports; provided, that
al eertlncates Tor gold or silver bullion
ehaii De Issued at the average market val.
ue OF such bullion in standard coin ~ the
same metal IN New York and San Ran.
cisco for the week next preced;no s'at
NeuOgIt. and A. ouCL