Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1888-02-11
AMENDMENT

Intended to be proposed by Mr.. Stewart
to the bill Is. 1216) providing for the in
vestment OF certain funds in the Treas
ury, viz: add as additional sections the
following:
SEC. 2. That any person may deposit at
any mint or assay Office Of the United
States either gold or silver bullion, or
both, in quantities of not less than hve
ounces of gold or eighty ounces of silver,
and demand and receive coin certificates
therefor. The price to be paid for gold
bullion, in exchange for certificates, shall
be at the rate of one dollar for twenty-five
and eight-tenths grains Of gold, nine
tsnths fine; the price to be paid for silver
bullion in exchange for certificates, shall
be stated by the Secretary of the Treas
ury on the first and fifteenth day Of each cal
ender month, and when either of these days
shall fall on Sunday, or any other holiday,
such statement shall be made on the fol-
lowing secular day, and the price so stated
shall be equal to the average quotations OF
silver in the New York City market dur
ing the fifteen days next preceding such
statement; provided, that the price stated
by the Secretary of the Treasury shall not
exceed IN ounce of gold for sixteen ounces
of silver Of the same ~ineness The Secre-
tary of the Treasury shall prepare and fur
nlSn TO Tile NdIiOub mtutS anu assay OhiCCb
Of the United States coin certificates, to be
exchanged for bullion as herein provided.
SEC. 3. That the certificates issued I'M
der this Act shall be in such denomina-
tions as the Secretary of the Treasury may
prescribe; provided, that no certificates
shall be issued of a less denomination than
one dollar, nor of q greater denomination
than one thousand dollars. Such certif-
Gates shall be redeemable at the Treasury
of the United States, or any sub-Treas-
ury thereof, under regulations prescribed
by the Secretary of the Treasury, in either
gold bullion at the rate of twenty-five and
eight-tenths grains Of gold, nine-tsnths
fine, for each dollar Of the certificates so
redeemed, or in silver bullion at the rate OF
one dollar for four hundred and twelve and
one-half grains of silver, nine-tenths fine
for each dollar Of such certificates.
SEC. 4. That the bullion received an der
this Act shall be melted into bars under
such regulations as the Secretary of the
Treasury may prescribe; provided, that
at least seventy-five per centum
thereof shall be melted into bars
Of not less than eight thousand ounces
weight, and be deposited in the Treasury,
or any sub-Treasury, mint, or assay office OF
the United States in such manner as the
Secretary of the Treasury may direct.
r. ~ Ah0t VIZ AthA .
sued under the provisions of this Act shall
be a legal tender at THEN nominal value for
all dues, public and private, except where
otherwise expressly stipulated in contracts
heretofore made, and when received by the
United States except for the purpose OF
redemption, shall be reissued.
SIC. 6. That no gold or silver certificates
shall hereafter be issued, and when any of
either the gold or silver certificates now
outstanding shall be received by the United
States, except for the purpose of being
redeemed, they shall be Cancelled and coin
csrti6 Gates issued in lieu thereof.
SEC. 2. That no gold or silver shall hereaf.
ter be coined, except what may be necessary
in payment of the obligations OF the United
States expressly made payable In coin, and
for actual circulation among the people.
The Secretary Of the Treasury shall have
power to regulate the amount Of coinage
authorized by this section.
SEc. 8. That no seigniorage, or charge
of any kind. shall be imposed for assaying
or refining at the mints and assay Offices OF
the United States bullion deposited under
the provisions of this Act.
SEC. g. That the provisions of the Act
of February %, 1873, entitled "An Act to
authorize the coinage OF the standard sill
var dollar, and to restore its legal tender
character" requiring the purchase Of not
less than two, nor more than fenr, million
dollars worth Of silver per month, and all
Acts, or parts of Acts, in conflict with
this Act, are hereby repealed.