Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-06-18
Text OF the Silver Bill 70 It Now
Stands.

The following is the text f the silver
bill IS it now stands
Section /. From and after the passage
of this set the unit value the | nited
States shall be dollar, and ue same may
be coined of 4I2 IL grains OF standard sill
yer or % $40 grains of standrd gold: said
C bins shall be legal tender Or all debts.
public or private. Tnereafts any owner
Of silver or gold bullion ma. deposit the
s,me at any mint of the Unitd States, to
be formed in standard dollars or bars for
his benefit, without charge; int il shall be
lawful 70 refuse any deposit IF less value
t1an 500, or any bullion so iase ~ to be
unsuitable for operations in he mint.
Section 2, The provisions Of section 3
Of the act to authorize the coinage of stand
ard silver dollar and restore fs legal tender
character, which became a aw February
2s, 1873, are hereby made applicable to the
coinage in this act provided br.
Section 3. Certificates ppvieed for in
the second section Of this actand oil silver
and gold certificates already ssued shall be
of denominations not less than one or more
than one hundred dollars sch certificates
shall be redeemable in con of standard
value. A sufficient sum to carry out the
provisions of this act are hereby appro-
ptiated out Of any money ir the treasury
not otherwise appro opriated. The provision
In section /, act of February2s. 1873, en-
titled "an act to authorize tie coinage of
standard silver dollars and r,store its legal
tender character, which REQUIRES the Sec
retary of the Treasury to purchase At the
market price thereof not les than 80 ,000,-
Oda of silver bullion q monti nor more than
81 900 coo worth q month o. such bullion,
is hereby repealed.
Section 4. The certificates provided fos
in this act and all silver asd gold certii
Gates already issued. shalI bs receivable for
all taxes and dues to the United States OF
every description, and shal be a legal
.tnder for the payment of al debts, public
and private.
Section s. The owners Of bullion de
posted for coinage shall have an opportu-
nifty to receive coin or its equivalent in the
certificates provided for ia this ac,, and
s1ch bullion shall be subsequently coinet
Section s. Upon the pssage Of this &C.
balances standing With the Treasurer of the
United Sta;es to the respective credits Of
national banks for deposits made to redeem
the circulating notes Of such banks. and all
deposits thereafter received for like pur-
pose shall be covered into the treasury ..
. miscellaneous receipt The Treasurer
OF the United States shall redeem
from the general cash in the treas
ury the circulating note Of the said banks
which may come into his possession
subject to redemption, upon certificate oi
the comptroller Of the curreucy that such
notes bad been received BY him and de
strcyed, and no new notes will be issued il
in their place; the reimbursement Of theii
amount shall be made to tts treasurer IN
der such regulations - the secretary o
the treasury msy prescribe, from the ap
preparation hereby created, 70 be known u
'.Nauonai bank nssses. redemption &C
COUNT the provisions Of this act shall no
apply to deposits received under section 3
act Of June %. 1874 requiring every NJ
ticual bank to keep in Iavfsl money viu
the treasurer Of the United Sssfes . suu
equal 70 PEI cent Of il sifcsission. TO b
held and used for the fedemption IT il