Evening journal., 1890-07-08
ONE GENT.
TEXT OF THE SILVER BILL
The Provisions of the Measure
Finally Agreed Upon.
BULLION THAT MUST BE BOUGHT.


BULLION THAT MUST BE BOUGHT.
The Treasurer Directed TO Buy 4.5oo, 900
Ounces Ter Month. Upon which Treas
ury Notes Shall BE Issued-e, ,ooo. 900
Ounces of silver Arust BE Coined Monthly
WASHINGTON, July S-Following is the
text Of the conference substitute silver bill
agreed to by the conference of the senate
and house;
BE it enacted, etc--That the secretary Of
the treasury is hereby directed to purchase
from time 70 time silver bullion to the ag
gregate amount of 4,500,0OO ounces, or 80
much thereof as may be offered, in each
month, at the market price thereof,
not exceeding 81 for 87i 25-l00 grains Of
pure silver, and to issue IN payment for
such purchases Of silver bullion treasury
notes Of the United States to be prep red
by the secretary of the treasury in such
form and Of such denominations not less
than 81 nor more than 100000 as he may
prescribe, and sum sufficient to carry into
effect the provisions OF this act is hereby
appropriated out of any money in the
treasury not otherwise appropriated
silver Certificates Legal Tender.
Sec. 2, That the treasury notes in accorf-
ance with the provisions Of this act shall
he redeemable on demand in coin at the
treasury Of the United States or at the
Office OF any assistant treasurer of the
United States, and when so redeemed may
be reissued. but no greater or less amount
of such notes shall be outstanding at any
time than the cost Of the silver bullion and
the standard silver dollars coined there
from then held In the treasury purchased
by such notes, and such treasury notes
shall be legal tender in payment OF all
debts, public and private. except whera
otherwise expressly stipulated in the con-
tract and shall be receivable for customs,
taxes and all public dues, and when so re-
ceived may be reissued, and such notes
when held by any national banking ASSOC
citation may be counted as a part OF its
lawful reserve.
Tho Policy Of the United states.
That upon demand Of the holder Of any
OF the Geasury notes herein provided for
the secretary OF the treasury shall, under
such regulations as he may prescribe re-
deem such notes in gold or silver coin, at
policy OF the United States to maintain
the two metals on parity with each other
upon the present legal ratio, or such ratio
as may be provided by law
The Coinage Per Month.
Sec 3-That the secretary OF the treas
ury shall each month coin 100000 ounces
OF the silver bullion purchased under the
provisions Of this act into standard silver
dollars until July /, 1891, and after that
time he shall coin of the silver bullion
| purchased under the provisions Of this act
as much as may he necessary to provide for
the redemption Of the treasury notes here
IN provided for, and any gain or seignior-
age arising from such coinage shall be ac-
counted for and paid into the treasury
Sec 4-That the silver bullion purchased
under the provisions of this act shall bo
subject 70 the requirements Of the existing
law and the regulations Of the mint SER
vice governing the methods of determine
ing the amount Of pure silver contained,
and the amount of charges or deductions,
II any TO be made.
Part OF Former Act Repeated.
Sec 5-That so much Of the act Of
Feb. % 1878, entitled "An act 20 author
ize the coinage of the standard silver
dollar and to restore its legal tender char
acter rs requires the monthly purchase and
coinage Of the same into silver dollars OF
not less than S2O0000O nor more than ST.
100000 worth of silver bullion, is hereby
repealed.
Thirty Days from Passage.
Sec 6-That upon the passage of this act
the balances standing with the treasurer
of the United States to the respective cred
its of national banks for deposits made to
redeem the circulating notes OF such banks,
and all deposits thereafter received for like
purpose, shall be covered into the treasury
as a miscellaneous receipt, and the treasurer
Of the United States shall redeem from the
general cash ia the treasury the circulating
notes Of said banks which may come into his
possession subject 20 redemption, and upon
the certificate Of the comptroller THE cur
rency that such notes have been received by
him. and that they have been destroyed,
and that no new notes will be issued in
their place, reimbursement Of their amount
shall be made to the treasurer, under such
regulations as the secretary Of the treasury
may prescribe, from an appropriation here
by created, to be known as national bank
notes; redemption account but the pro
visions Of this act shall not apply to the
deposits received under section OF the
act Of June 20, 1874, requiring every ma
tional bank TO keep In lawful money with
the treasurer Of the United States a sum
equal to percent. Of its circulation,
to be held and used for the redemption OF
its circulating notes; and the balance re-
naming Of the deposits 50 covered shall.
at the close Of each month, be reported in
the monthly public debt statement as debt
Of the United States bearing no interest.
Sec. z. That this act shall take effect
thirty days from and after its passage.
Mr.. Bland Displeased. -et
The conference report was signed by the
! Republican conferrees only. Senator Harris
J and Representative Bland refused to sign it.
Mr. Bland said to a reporter Of the United
Press last evening that he was not satis-
fed with the conference report, but he
J would present no minority report. Il
have no doubt the report viii be agreed to
in the senate and house. said Mr. Bland.
1.-THE Republican party has agreed upon it,
and it will be put through. / guess there
IS no doubt but that the president will
sign it,"
Gen. AIarstOn's Funeral.
EXETER N. H., July s.-Gen Marston's