Middlebury register. (Middlebury, Vt.) 1886-1937, 1895-09-06
rConttnued from OH page. I

OOfttNUtt IfbHt DUt l'ttg''
States to be prepared by the secretary of
the treasury. in such form and of such
denominations, not less than one dollar
or more than one thousand dollars, as he
may prescribe, and a sum sufficient to
carry into effect the provisions of this
act is hereby appropriated out of any
money IN the treasury not otherwise APP
propriated.
SEC. ,. That the treasury notes issu-
ed in accordance with the provisions of
this act shall be redeemable on de-
maud, 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 and the
bullion standard silver dollars coined
therefrom, 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 when otherwise expressly stipu-
lated in the contract, and shall be re-
celvable for customs, taxes, and all pub
lie dues, and when so received may be
reissued and such notes, when held by
any national banking association, may
s be counted as a part of its lawful re-
serve. That upon demand of the holder
of any of the treasury notes herein pro-
vided for the secretary of the treasury
+ shall, under such regulations as he may
i prescribe. redeem such notes in gold or
silver coin, at his discretion, it being the
established 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.
Il r.E fla.,
/. treasury shall each month coin two
million ounces of the silver bullion pur-
I chased under the provisions of this act
into standard silver dollars until the
4 first day of July, 1891, aud after that
! time he shall coin of the silver bullion
+ purchased under the provisions of this
act as much as may be necessary to pro-
. vide for the redemption of the treasury
notes herein provided for and any gain
or seigniorage arising from such coinage
shall he accounted for and paid into the
4 treasury
SEC. 1. That the silver bullion pur-
chased under the provisions of this act
shall be subject to the requirements of
. existing law and the regulations of the
mint service governing the methods of
determining the amount of pure silver
contained. and the amount of charges
" VI NtNhuN liOl0' II any " " ii''NAN'
SEC. ,. That so much of the act of
. February IS. 1873, entitled San act to
. authorize the coinage of the standard
silver dollar and to restore its legal tend
er character" "a requires the monthly
purchase and coinage of the same into
silver dollars not less than two million
dollars nor more than four million dol
lars's worth of silver bullion, is hereby
repealed.
. ACT OF NOVEMBER l, 1S93-AN ACT TO
REPEAL A PART OF AN ACT APPROVED
JULY l4TH, 1890, ENTITLED IAN ACT
DIRECTING THE PURCHASE OF SILVER
BULLION AND TIE ISSUE OF TREASURY
NOTES THEREON, AND FOR OTHER PUR-
POSES"
81 4 eAacto5. ctc.. That so much of the
. act approved July H. 1890, entitled
Gan act directing the purchase of silver
. bullion and issue of treasury notes
4 thereon, and for other purposes as
. directs the secretary of the treasury to
4 purchase from time TO time silver bullion
to the aggregate amount of loo. 900
ounces, or 50 much thereof as may be
. offered in each month at the market
. price thereof. not exceeding one dollar
for three hundred and seventy-one and
twenty-five one-hundredlh grains Of
. pure silver, and to Issue in payment for
such purchases treasury notes of the
. United States, be, and the same is hereby
repealed. And it is hereby declared to
. be the policy of the United States to
. continue the use of both gold and silver
. as standard money, and &c coin both
gold and silver into money of equal in
trnsic and eXchangeabe value, such
equality to be secured through interna-
i tional agreement. or by such safeguards
of legislation as will insure the mainte-
nance OF the parity in value of the coins
of the two metals and the equal power
of every dollar at all times in the mar
kets and in the payment OF debts. And
it is hereby further declared that the eff
fort of the government should be steadi-
4 ly directed TO the establishment of such
. safe system of bimetalism as will
maintain at all times the equal power
of every dollar coined or issued by the
. United States. in the markets and in the
payment of debts.