Democratic Sentinel, Volume 1, Number 51, Rensselaer, Jasper County, 1 February 1878 — Mr. Blaine’s Silver Bill. [ARTICLE]

Mr. Blaine’s Silver Bill.

The bill introduced in the Senate by Mr. Blaine is, in full text, as follows : A bill to authorize the coinage of silver dollars for circulation, and make the same legal tender, and for other purposes: Be it enacted, etc., That silver bullion may be deposited at any coinage mint or at the assay office in the city of New York for returns in silver dollars of grains of standard silver at such rate or price per standard, ounce of bullion as may from tone to time be fixed by the Director of the Mint, with the approval, in . writing, of the Secretary of the Treasury, and | which rate shall correspond as exactly as possible with the market rate, and the bullion thus placed shall, in addition to the other required coinage authorized by existing la|r, be coined Without delay to the full capacity of the mints. Sec. 2. That any gain or profit arising from the coinage of silver dollars shall, after the payment of lawful wastage, be covered into the treasury of the United States at the close of each fiscal year. •Blto. 8. The stiver dollar herein authorized to be coined shall be a legal tender as by existing law in common with gold for all sums up to and including $5, and for all sums exceeding $5 the debtor shall have the right to tender in full payment and the creditor the right to demand one-half the amount in gold coin and one-half in silver dollars. Seo. 4. Bine or standard gold and Silver bars bearffig the stamp of any coinage mint or the assay office at New York, shall be recaved by the Assistant Treasurer of the United States at New York for their stamped value, which shall be their coining rate respectively, and com certificates shall be issued therefor by the Assistant Treasurer in the same manner as coin certificates are now issued for gold coin, and the certificates ro issued shall be redeemed by the Secretary of the ’Treasury on demand, at the office of the Assistant Treasurer at New York, in coin or stamped btrs of hullioirdeposited at his option.