The Red Cloud chief., 1890-06-13
TIE SILVER BILL.


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1eovsse~s es The silver min As AssssA
ve"e ~ the nosss Rsvotaseas Css~ss-
WAsHNaruN, June d-foiioWtne 10
the text OF the silver bill agreed upon
~ The Republican caucus and subst,.
sssed yesterday IN the House i~ the bill
already pend lng:
Ne u enacted by the senate ard House ce
8eprescntstives of the United stAfeO ce
Ameftcs In Ccngres. assembled. 7 a. the
secretary Of the Treasury 10 hereby directed
W pufchsse from time To- time silver builion
othe aggregate amount % NJsoWp worth
OF nae silver ~ .ach month. st cue marbrs
price thereot. not exceed ng SCI Is grains Of
pure silver. and Co lssue In payment for sUch
purchase of silver buii ion treasury notes 20
che United tat sto bc prepared BY the Zee
Rotary oil the Treasury In such form and of
such denominstions. rot less than ~ nor
more than 80 0. q. he NAV prescribe. snd q
sun sufNcient to carry into effect the rrn.
visions 81 this act 10 hereby Appropriated
out 81 any money In the tire Asury not other
Wlse appropriated.
sec J. That tho treasury notes issued 10
accordance With ths provi ~ this act
shall be rrdc~ mAb'e on demand. In eoln, 81
the treasury ~ tn" United stst.. OF AT the
onice OF any assistant treasurer ~ the
United States. and when so redeemed may
tie fcissued but M sr.at"t or less ausnunt
IL such notss shah Ir o~utranaius at any
time than tue cost of the SILVER bullion th~,
held In the treasury putchAscdt " sad notes,
aud such treasury notes shall be illegal ten
der In paytu'n nj cf eli d-uts. public and pri.
vate. except " hen other i.c 4 prc..iy s,tpu.
lated In the contract, and shall b- receivable
for customs. taxes and all public dues. aud
when so received may be tei-su~d and such
notes when held 10y any National bank M
association may he couut.d ~ a part of its
awful r~setve.p divided, that upon demand
at Inc holder ot any ~ the treasury notes
herein provided. the secretary Il the Treas
ury may ~ his discretion AID under such
regulations ~ he shall prescribe. eSt habse
for such notes an amount OF SILVER bullion
which ahaii be- equal In value II the mara et
prize thereof on the day ~ exchange to tho
amount Of such notes y presented
kec. a 1h,t the secretary ot the Treasury
shail coin such portion - the silver buiiion
purchased under the provisions ~ thi. scs
RS may be accessory to prov de Tor the ~
dcmptIon 81 the treasury aot-s hessia pm
Nidct for and any yam or s.igniorsg- arts
ing from such coinas. shall be accounted
for and paid into the treasury.
Sec. I. hat tho silver bullion purchased
under the prov sions Of this ac, .haJi lie sui
jcct to the requirement ~ existing ia~ and
the regulations Of tn IN NJ service govern.
Ing the methods Of det.f nina IA, amount
Il pure silver contained and ia. amount 10
charges or deduct on. 10 any, To bc made.
See. \ That 50 much ~ the act of February
-, 49,. entitled ian act To- authorize tho
coinage ot the .tsadaid silver dollar and To
restore Us legal tender character" as re-
quircs To monthly purchase and coinage ~
the same into silver dollars Of uoA loss than
nor W ." than N."1,po worth 81
siivcr bulllon 10 hereby rrrca 81.
Sec. q That whenever tn marie, price oi
siiv.s rs determined In pur.usnc. OF zee.
49, "a aAaA - A. 81 - 90 - -
siivcr 10 shall hc lawful for the 90 u~r os any
silver bullion to deposit, the sam. at amy
coinage mint oe the Cni'cd states to he
coined into standard silver dollar. for his
b~nsat. 40 provided 10 the st at January
N. isS.
Sec. :. That upon the passage ~ this act
che balances stand ing With the Treasurer oi