Appropriation for Silver Bullion Purchase

Section 1 appropriates funds for the purchase of silver bullion for the coinage of Philippine silver pesos.
The coinage referenced in Section 1 is “authorized by” an Act of Congress entitled ‘An Act relating to the currency of the Philippine Islands,’ approved March 2, 1903.
Section 1 requires that the appropriation be expended for the specified bullion purchase for further coinage under the cited U.S. currency authorization.

Section 1 appropriates US$1,500,000 (one million five hundred thousand dollars), in money of the United States.
The appropriation is drawn from funds in the Insular Treasury “not otherwise appropriated.”
The funds are to be expended for the purchase of silver bullion for the further coinage of Philippine silver pesos.

Section 2 makes the appropriated money available to pay advances already made by the United States mint for purchases of silver bullion for the coinage.
Section 2 covers advances for which the mint has not been reimbursed.
Section 2 also makes the appropriation available for the expense of coining the pesos.
Section 2 authorizes use of the appropriation for transportation of the new coins from the mints of the United States to the Philippine Islands.
Section 2 further authorizes use for all other incidental expenses of putting the coins into circulation.

Section 3 states that the public good requires speedy enactment of the bill.
Section 3 provides that passage is expedited under Section 2 of “An Act prescribing the order of procedure by the Commission in the enactment of laws,” passed September 26, 1900.