Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-03-09
SLVER-COINAGE BILL.
Full Text of Measure Introduced by
Senator Martin.

WASHINGTON, March S-CSpeciaL)-
Following is the full text Of Senator Mar
tins financial measure, which attracts
considerable attention in the Senate;
"a Bill Directing the Coinage OF the
Silver Bullion Held in the Treasury,
and for Other Purposes.
BE it enacted by the Senate and House
of Representatives OF the United States
of America, i'm Congress assembled:
THAT the Secretary of the Treasury
shall, Immediately, cause 10 be coined
into legal-tender standard silver dollars,
as fast as possible, the silver bullion held
in the Treasury, purchased under the
act of July H. 1890, entitled AN act di-
recting the purchase OF silver bullion
and the issuing of Treasury notes there
on, and for other purposes 10 the
amount of the gain or seigniorage or Such
bullidn-to-wit: The sum OF SB44,O25, or
so much thereof as may remain uncolned
at the time of the passage OF this act;
and such coin, or the silver certlncdtes
issued thereon, shall be used in the pay
nient of public expenditures, and the Sec
rotary of the Treasury may, in his dis
erection, If the needs Of the Treasury de-
mand II, issue silver certificates in ad-
vance of such coinage: provided, that said
certificates shall not at any time exceed
the amount of the seignioraSe, whether
in the form of bullion or coin, on which
the same are issued, and snail be or the
same form and denominations, and have
the same legal effect and uses as the
silver certificates now authorized by law
to be issued for silver dollars coined UNI
der the provisions of the act of February
2S, 1873, entitled AN act TO authorize the
coinage of the standard silver dollar and
to restore its legal-tender character
Section g After the coinage provided
for in the first section of this act the
remainder of the silver bullion purchased
in pursuance of said act of July IA, 1880,
l...ll l. int Ill.
dollars as fast as possible, and the coin
shall be held In the Treasury for the re-
demption Of the Treasury notes issued in
the purchase of said bullion. And when
ever any of said Treasury notes come
into the Treasury in payment of dues to
the government or otherwise, or are re-
deemed I'm coin, as provided i'm said act OF
July IA, 1880, the same shall not be re-
Issued, but shall be cancelled and de-
stroyed and a corresponding amount of
the silver dollars coined under the pro-
visions of this section shall thereupon be
released from said redemption fund and
silver certificates shall be issued thereon
I'm the manner, of the denominations, and
with the same legal effect as now pro-
vided by law In the case Of silver dollars
coined under the provisions of the act Of
February 2S, 1873 entitled An act TO au-
thoriZe the coinage of the standard sill
yer dollar, and to restore its legal-tender
character with the exception that to the
extent that said silver dollars may have
been paid out In the redemption OF said
Treasury notes, such silver certificates
shall not be issued unless the silver dol
lars so paid out shall be deposited with
the Treasurer or an assistant treasurer
Of the United States by the holders there
Of in exchange for silver certificates, as
now provided by law. And it IS provided
that this act shall not be construed to
change the existing law relating TO the
legal-tender character or mode of re-
demption of the Treasury notes issued
under the said act OF July II, 1890
Section 3. That a sufficient sum OF
money Is hereby appropriated to carry
infn affect the nrnuisinn1 nf Ia q "a