The Democrat. (Scotland Neck, Halifax Co., N.C.) 1884-1896, 1893-12-21

new silver bill. Here it i:
BE it enacted, etc that the seignior-
age, or profit fund which has resulted
from the coinage Of silver bullion under
the acts Of February 2sth, 1873. and
July I4th, 1890, or which would result
from the coinage Of such bullion. snail
be coined into silver dollars Of standard
weight and fineness, with full legal ten
der quality at the rate Of not less than
1000 900 per month and such dollars
shall be covered in the Treasury
"Sec. 3 That when all the seignoir-
age. or profit fund Of he bullion speci-
fed in the first section OF this act, have
been coined as therein directed. it shall
b. ho duty Of the Secretary Of the
Treasury to purchase each month silver
bullion, at the market value, in quanti-
ties sufficient to coin not less than two
million dollars each and every month
and he Is hereby directed to coin the
said bullion monthly, as fast as pur-
chased, into standard silver dollars, and
sum sufficient to carry into effect the
provisions OF this act is hereby appro-
priated out OF any money IN the
Treasury not otherwise appropriated.
"Sec. 3. That, wnen any paper cir
culating notes, or certificates OF what
soever character of denominations less
than ten dollars, Issued under authOri-
ty of the United States, except Nation
al bank notes or certificates redeemable
only in silver dollars, shall be received
at the treasury Or any sub treasury
they shall not be reissued, but asserted,
counted and recorded, and Immediately
destroyed, in accordance with the exist
ing provision of law and as rapidly as
said notes or certifcates1 are destroyed
they shall be replaced by an equal
amount of like notes or certificates Of
denominations of not less than ten dol
lars.
"Sec 4. That hereafter no National
bank note shall be issued of a less de-
nomination than ten dollars, and all
such National bank notes, when re-
ceived at the treasury, shall be destroy
ed in accordance with law and the Ma
tional banking associations whose notes
are destroyed under the provisions of
this act and shall be respectively re-
quired to substitute notes of denOmina-
tons not less than ten dollars in lien
to those destroyed.
"Sec. 5. That from and after the
passage Of this act the coinage of the
two and one half dollar gold pieces and |
the five dollar gold pieces is hereby !
prohibited, and the coins above named /
shall not be struck or issued by he |
mint of the United States such coins,
when received at the Treasury or any
sub Treasury, shall be withdrawn from
circulation and recoined into eagles
and double eagles, in accordance with |
law.
Sec g. the President Of the Unit
ed States is hereby authorized to APP
point five commissioners to an interna-
tional conference to be held at a place
to be hereafter designated, it'll view
to secure internationally tixity Of rel
ative value between gold and silver
as money, by means of common ratio
between these metals, with free mint
age at such ratio and for compensa-
ton of such commissioners and for all
reasonable expenses connected there
with, to be approved by the Secretary
Of State, including the proportion to be
paid by the United States of the Joint
expenses of such conference, $50, 900,
Or SO much thereof as may be neces-
sary, is hereby appropriated out Of any
money in the Treasury not otherwise
Ask Your Friends