The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1890-07-17
SIGNED TIRE SILVER BiLL.

STUNNED IN " AILNEh BILL.
WASHINGTON, July 1.-THE silver
bill was taken to the President this
afternoon aud he approved 1t by az
fixing his signature at once. II IL
now, therefore, q Law.
Following is the text Of the COM
promise silver bill as passed by the
House and Senate:
Section I. That the Secretary Of
Treasury II hereby desired to pur-
chase from time to time silver bull
lion to the aggregate amount OF g.
500. 900 ounces, or 80 much thereof as
may be offered In such months, at
the market value price thereof, not
exceeding 81 for 81 25-IOO grains Of
pure silver, and to issue in payment
for such purchases OF silver bullion,
Treasury notes of the United States,
to be prepared by the Secretary OF
the Treasury In such form and OF
such denominations, not less than 81
nor more than 600, ~ he may pre-
scribe, aud q sum sufficient TO carry
Into effect the provisions Of this act
IL hereby appropriated out Of any
money In the Treasury not otherwise
appropriated.
See. 9. That the Treasury notes
issued In accordance with the pro-
visions Of this act shall be redesma-
bic on demaud In coin at the Treasu-
~ Of the United States or at the Of
flee oi any Assistant Treasurer Of the
United States and when ~ redeem
ed may be reissued, but no greater
or less amount OF such notes shall he
outstanding At any time than the
cost Of the silver bullion aud the
standard silver dollars coined there
from then held In the Treasury pur-
chased by such notes: and such
Treasury notes shall be n legal ten
der in payment Of all debts, public
and private, except where other wise
expressly stipulated In the contract,
and stfall be receivable for customs,
taxes, sud all public duties, aud
when 50 received may be reissued
and such notes. when held by any
National banking association, may
be counted ~ part OF its lawful re-
serve. That nPon demand Of the
holder OF any Of the Treasury notes
herein provided for the Secretary Of
the Treasury shall, under such regu-
lAtlons as he may prescribe, redeem
such notes In gold or silver coinage
NJ his discretion, 10 being the estab-
llshsd policy Of the United states to
maintain the two metals on \ partly
with each other upon the present ls-
gal ratio. or such ratio as may he
provided by law.
See. 2. That the Secretary Of the
Treasury shall each month coin Z, Co.,
600 ounces of the silver bullion pur-
chased under the provisions Of this
act, into standard silver dollars until
the first day Of July lsGI, and after
that tine he shall coin Of the silver
bullion purchased under the pFovi-
slnns Of this act as much - may be
necessary 10 provide for the redeinp-
ton Of the Treasury notes herein
provided for. aud any gain or seig-
nioraga arising from such coinage
shall be accounted for and paid into
the Treasury.
Sec. 8. That the silver bullion
purchased under the provisions Of
this set thst shall be subject 70 the
requirements 81 existing Law aud the
regulations OF the mint service gov
Ing the methods OF determining
amount of pure silver contained and
the amount Of charges and deduc-
lions, u any, 90 Be made.
Sec. 5. That 30 much of the act Of
Feb. ., 1873, entitled Tar set 10 su-
thoriEe the coinage Of the standard
silver dollars and 20 restore its legal
ssuder character" ~ requires the
monthly purchase and coinage Of the
same iuto silver dollars Of pot less
than 200, 900 nor more than $4,000
900 worth 81 slit er IL hereby repealed.
Sec. 6 That upon the passage Of
this act the balances standing with
the Treasurer Of the United States
20 the respective credits Of the Ne
tioaal hanks for deposits made 70
redeem the circulating notes Of such
banks aud ell deposits thereafter re-
ceived for like purposes shall Be
covered into the treasury a. q mis-
eellaneous receipt, and the Treasurer
% the United States shall redeem
from the genesal cash In the Treas
uTy the circulating notes a. said
banks which may come into bis DO
session subject to redemption, and
upou the Certiecate Of The Como
trelleg of the Currency that such
and that they have been destroyed,
III s10A ~ NV 8Dt89 HlAA - tMEA4Ea
IN their place, reimbursement for
thslr amount shall be made % the
Treasurer under such regulatioas -
the Secretary Of the Treasury may
Hrsseries from any xsIgfogrisiloss
notes redemption account,n bus the
provIsioas al this act shall not aps
pig 10 the deposits received under
section Of the set 81 June ., 1s7a,
requiring every Nsfional hank %
keep In Lawful money viii the
Treasurer az ths United States .
sum equal 70 per esst1m &C its cir.
eulsii0B, % be held snd need Gar The
redemption Of its cirsnlsiiaa notes,
and the balance remai1in9 &C ths
deposits 30 covered sAali, as the
close % each mouth. b reported On
the moushiy public debt statement
- asst Of the United States bearias
no intersst
See. I. That shis Get shall take
eject thirty dsys fT0sa and sftes In