The Dalles times-mountaineer. [volume] (The Dalles, Or.) 1882-1904, 1890-01-25
silver coins, shall be received under the
Il l.:

silver coins, shall be received under tn
provisions of this act.
Sec. 2.-That the secretary of the treas
ury shall cause to be prepared, treasury
notes in such amount as may be required
for the purpose Of the above section, anc
in such form and denominations as he
may pres.:rioc; provided, that no note:
shall be of a denomination less than ono
dollar or more than one thousand dollars
Sec. 3.--That notes issued under this
act shall he receivable for customs. taxes,
and all public debts, and when received
into the treasury may be reissued; and
such notes, when held by any national
banking association, shall be counted as
part of its lawful reserve.
Sec. That notes issued under the
provisions of this act shall be redeemed,
upon demand, at the treasury of the
United States, or at the office of an ASSIST
ant treasurer of the United States, by the
ISSUE of certificate of deposit for the
sum of the notes presented, payable at
| one of the mInts of the United States, in
| an amount of silver bullion equal in
value, on the date of said certificate, to
the number of dollars stated therein, at
the market price of silver, to be deter
mined as provided in section 1 or such
notes may be redeemed in gold coin, at
the option of the government; provided.
that upon demand of holders such notes
shall be redeemed in silver dollars.
Sec. 5.-That when the market price
of silver, as determined by the secretary
of the treasury, shall exceed 81 for 371.25
grains for pure silver, it shall be the duty
nf hn of 70 fine
to receive deposits of silver bullion for
the purposes of this act.
Sec. G-That it shall be lawful for the
secretary of the treasury, with the appro-
val of the president of the United States,
to suspend, temporarily, the receipt of
silver bullion for treasury notes at any
time when he is satisfied that, through
combinations, or speculative manlpula-
tions of the market, the price of silver is
arbitrary, nominal or fictitious.
Sec. THAT silver bullion deposits
under this act, and represented by treas
ury notes which have been redeemed in
gold coin, or in silver dollars, may be
coined into standard silver dollars, or any
other denomination of silver coin not
authorized by law for the purpose of re
placing coin used in the REDEEM ption of
notes.
Sec. S-That so much of the act of
February %, 1878, entitled: can act to
authorize the coinage of the standard sill
yer dollar and to restore its legal tender
character" as requires the monthly pur
chase and coinage into silver dollars of
not less than $2.000,000 nor more than
81 100000 worth of silver bullion, is here
10y repealed.
Sec. 9.-That any gam or shrinkaga
arising from the coinage which may be
executed under the provisions OF this act, |
shall he accounted for and paid into the |
treasury, as provided by existing law. |
Sec. 1O.-Thnt silver bullion, received |
subject to the requirements of existing
law, and the regulations of the mint SER
vice governing the methods of receipt,
determining the amount of pure silver
and the amount of charges
and deductions, if any, to be made.
Sec. 11.-That nothing IN this act shall |
be construed to prevent the purchase
from time TO time, as may be required, of |
silver bullion for subsidiary silver coin.
age.
Sec. 12.-That sum sufficient TO carry
out the provisions of. this act is hereby |
out of any money in the |
treasury not otherwise appropriated.
Sec. 13-That all acts, and parts of
acts, inconsistent with the provisions of
this act are hereby repealed.
Sec, 14.-That this act shall take effect |
thirty days from and after its passage. |