ary coinage: _Provided_, That the amount
of money at any one time invested in such silver bullion, exclusive
of such resulting coin, shall not exceed five million dollars:
_And provided further_, That nothing in this act shall be construed
to authorize the payment in silver of certificates of deposit issued
under the provisions of section two hundred and fifty-four of the
Revised Statutes.
"Sec. 2. That immediately after the passage of this act, the
President shall invite the governments of the countries composing
the Latin union, so-called, and of such other European nations as
he may deem advisable, to join the United States in a conference
to adopt a common ratio between gold and silver, for the purpose
of establishing, internationally, the use of bimetallic money, and
securing fixity of relative value between those metals; such
conference to be held at such place, in Europe or in the United
States, at such time within six months, as may be mutually agreed
upon by the executives of the governments joining in the same,
whenever the governments so invited, or any three of them, shall
have signified their willingness to unite in the same.
"The President shall, by and with the advice and consent of the
Senate, appoint three commissioners, who shall attend such conference
on behalf of the United States, and shall report the doings thereof
to the President, who shall transmit the same to Congress.
"Said commissioners shall each receive the sum of two thousand five
hundred dollars and their reasonable expenses, to be approved by
the Secretary of State; and the amount necessary to pay such
compensation and expenses is hereby appropriated out of any money
in the treasury not otherwise appropriated.
"Sec. 3. That any holder of the coin authorized by this act may
deposit the same with the treasurer or any assistant treasurer of
the United States in sums not less than ten dollars, and receive
therefor certificates of not less than ten dollars each, corresponding
with the denominations of the United States notes. The coin
deposited for or representing the certificates shall be retained
in the treasury for the payment of same upon demand. Said certificates
shall be receivable for customs, taxes, and all public dues, and,
when so received, may be reissued.
"Sec. 4. All acts and parts of acts inconsistent with the provisions
of this act are hereby repealed."
It was sent to the President, and was disapproved by hi
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