| Show FULL TEXT OF THE FREE COINAGE SILVER BILL THE following is the full text ot of the silver bill which passed the senate last wednesday the instant section 1 that from and after the date of the passage of this act the unit of value in the united states shall be the dollar and the same may be coined of grains of standard silver or of 26 25 8 to 10 grains of standard gold and the said coins shall be legal tender for all debts public and private that thereafter any owner of silver or gold bullion may deposit the same at any mint of the united states tobe formed into standard dollars or bars bare for his benefit and without char charge e but it shall be lawful to refuse any fe deposit of less value any bullion so 80 base as to be unsuitable able for the operations of the mint see sec 2 that the provisions rovis lons of section 3 8 of an act to authorize the coinage of the standard silver dollar and to restore its legal tender character which became a law february are hereby made applicable to the coinage in this act pro aided elded for see sec 8 that the certificates provided for in the second section of this act and all al silver laUver and gold certificates already issued shall be of denominations of not low less than 1 or more than and such shall be redeemable in coin of standard value A sufficient sum to carry out the provisions ns of this act is hereby appropriated out of money in the treasury not otherwise appropriated the provision in section I 1 of the act of february 28 1878 entitled an act to authorize the coinage of the standard silver dollar and to restore its legal tender cha character racer 11 which requires the secretary of le the kte treasury ury to purchase at the market price thereof not less than 2000 worth of silver bullion per month nor more than worth per mouth month of such bullion is hereby repealed see sec 4 that the certificates provided for in this act and all silver and gold certificates already issued shall be receivable for all taxes and does to the united states of every everk description and shall be a legal alegar tender for the payment of all debts public and private see sec 6 that owners of bullion deposited for coinage shall have the option to receive coin or its equivalent in the certificates provided for in this act and such bullion shall be subsequently coined sec 6 that upon the passage of this act the balances standing with the treasurer of the united states 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 purpose shall be covered into the treasury tress as a miscellaneous receipt and the treasurer of the united states shall redeem from the general cash in the treasury the circulating notes of said banks which may come into his possession subject to redemption and upon the certificate of the comptroller of the currency that such notes have been received by him and that they have been destroyed and lat that no new notes will be issued in their place reimbursement of their amount shall be made to the treasurer under such regulations as the secretary of the treasury may provide |
