371.25 grains of pure silver, and to issue, in payment for such
purchases of silver bullion, treasury notes of the United States
to be prepared by the Secretary of the Treasury, in such form and
of such denominations, not less than one dollar nor more than
$1,000, as he may prescribe, and a sum sufficient to carry into
effect the provisions of this act is hereby appropriated out of
any money in the treasury not otherwise appropriated.

"Sec. 2. That the treasury notes issued in accordance with the
provisions of this act shall be redeemable on demand, in coin, at
the treasury of the United States or at the office of any assistant
treasurer of the United States, and when so redeemed may be reissued;
but no greater or less amount of such notes shall be outstanding
at any time than the cost of the silver bullion, and the standard
silver dollars coined therefrom, then held in the treasury, purchased
by such notes; and such treasury notes shall be a legal tender in
payment of all debts, public and private, except where otherwise
expressly stipulated in the contract, and shall be receivable for
customs, taxes, and all public dues, and when so received may be
reissued; and such notes, when held by any national banking
association, may be counted as a part of its lawful reserve. That,
upon demand of the holder of any of the treasury notes herein
provided for, the Secretary of the Treasury shall, under such
regulations as he may prescribe, redeem such notes in gold or silver
coin, at his discretion, it being the established policy of the
United States to maintain the two metals on a parity with each
other upon the present legal ratio, or such ratio as may be provided
by law.

"Sec. 3. That the Secretary of the Treasury shall each month coin
2,000,000 ounces of the silver bullion purchased under the provisions
of this act into standard silver dollars until the 1st day of July,
1891, and after that time he shall coin of the silver bullion
purchased under the provisions of this act as much as may be
necessary to provide for the redemption of the treasury notes herein
provided for, and any gain or seigniorage arising from such coinage
shall be accounted for and paid into the treasury.

"Sec. 4. That the silver bullion purchased under the provisions
of this act shall be subject to the requirements of existing law
and the regulations of the mint service governing the methods of
determining the amount of pure silver contained, a