on the same terms and conditions as gold bullion is
deposited for coinage under existing laws."
And to insert the following:
"And the Secretary of the Treasury is authorized and directed, out
of any money in the treasury not otherwise appropriated, to purchase,
from time to time, at the market price thereof, not less than
$2,000,000 per month, nor more than $4,000,000 per month, and cause
the same to be coined into such dollars. And any gain or seigniorage
arising from this coinage shall be accounted for and paid into the
treasury, as provided under existing laws relative to the subsidiary
coinage: _Provided_, that the amount of money at any one time
invested in such silver bullion, exclusive of such resulting coin,
shall not exceed $5,000,000."
These amendments were agreed to.
Sections two and three of the bill were added by the Senate. The
bill, as amended, was sent to the House of Representatives, and
the Senate amendments were agreed to. The bill as amended was as
follows;
"AN ACT TO AUTHORIZE THE COINAGE OF THE STANDARD SILVER DOLLAR,
AND TO RESTORE ITS LEGAL TENDER CHARACTER.
"_Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled_, That there shall
be coined, at the several mints of the United States, silver dollars
of the weight of four hundred and twelve and a half grains troy of
standard silver, as provided in the act of January eighteenth,
eighteen hundred thirty-seven, on which shall be the devices and
superscriptions provided by said act; which coins, together with
all silver dollars heretofore coined by the United States, of like
weight and fineness, shall be a legal tender, at their nominal
value, for all debts and dues, public and private, except where
otherwise expressly stipulated in the contract. And the Secretary
of the Treasury is authorized and directed to purchase, from time
to time, silver bullion, at the market price thereof, not less than
two million dollars worth per month, nor more than four million
dollars worth per month, and cause the same to be coined monthly,
as fast as so purchased, into such dollars; and a sum sufficient
to carry out the foregoing provision of this act is hereby appropriated
out of any money in the treasury not otherwise appropriated. And
any gain or seigniorage arising from this coinage shall be accounted
for and paid into the treasury, as provided under existing laws
relative to the subsidi
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