The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1885-10-10

money. shall not he cancelled, but
shall bs held as cash, and many he
reissueG or paid out again as current
! mAnrv for all debts and demands
owing hy the United States. except
where payment in coin is expressly
! stipulated.
Sec. j. That on the taking effect OF
this act, tie monthly coinage of silver
dollars under she act of February %,
1873, shall be stopped, and in lieu OF
/ such monthly coinage the Secretary
of the Treasury is hereby authorized
and required to cause the coinage,
/ from time TO time OF standard silver
dollars, from the bullion deposited
under this act. in amounts sufficient
to supply any demand that may arise
for coined dollars for circulation, or
that may be required to pay coin
obligations of the Government:
Provided, that. concurrently with the
coinage of any silver bullion for which
certificates have been issued under
this act, the Secretary of the Treasury
shall cause to be destroyed certificates
equal in value to the bullion SO coined
at the time Of its deposit.
soc g. Theirs shall be no further
issue or reissue of iive~doilar national
bank notes. nor of one and two dollar
United States notes; but notes of
large denominations may be issued 10
place of the tiye>dollar national bank
notes retired; and tile total amount NJ
United States notes, as now fixed by
law, shall be kept up by substituting
notes of higher denomination for
one and two dollar notes.
5 C. /. In addition to the ,nomi-
nations of silver certificates provided
for by the act of February 2s, 1873,
there shall bs issued in like manner,
upon the deposit of silver dollars, GERS
titicates OF denominations of one dol
lar, two dollars, and five dollars,
which certificates shall be similar in
form, and shall possess the same money
functions, as those Of higher denomina>
tions issued under said act.
Sec 8. Certificates issued on the
deposit of coinrd silver shall he
known as Silver Coin Certificates, and
certificates issued under this act. on the
deposit of silver bullion, shall be
known as Silver Bullion Certificates.
See. 3. After the passage Of this act
it shall be unlawful To issue Treasury
certificates on deposited United
States notes.
Sec. 10. That all half-dollar pieces
struck since 1853, now in the Treas
ury, or hereafter received into tie
Treasury, shall be melted down ang
recoined into half dollars, weighind
206ll grains eacli; and such recnihcd
haltsdoiiars. together with halr,dol.
lars struck be!ere 1853, snail be legal
tender ia all payments the same as
silver dollars.
Sec. IL. That the act approved June
0, 1879, providing for the redemption
OF subsidiary or fractional coins Is
hereby repealed.
Sec. -. That until January [, 1888,
the coins known as tradc,dulisrs shall
be receivable at their face value for
all dues to the Government. and sx
ehangcable, when presented at the
the Treasury OF Sub Treasury at New
York, or at any Of the minis for stand
ard dollars. The trade dollars so
received shall be melted down and
coined into silver dollars or half-dol.
lars, of the weight provided for in his
act, as the Secretary Of the Treasury
may direct.
Sec. ID. That there is hereby APP
proprlated, out of any money in tie
Treasury not otherwise appropriated,
sufficient money to pay the expense OF
the certificates To be issued under this
act, and the coinage and recoinage of
half-dollars and standard dollars
provided for in this act. And tnis
appropriation shall stand as a pcrma>
nent appropriation.
Sec. IA. This act shall take effect
---, 1886.