Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1834-06-24
GOLD CON-

The House of {tcpiuse. .tatEe, Dtoc9- ic&, On
Saturday to take up the following biz:
BILL concerning me Cold Coins G tie
United States und tol o.nel purposes
Pc ii enqcsed by the Senate ana IoaYe o. lf92,.
rescntqtices Of TIE Unitett States G 4@e>'tcc q"
C62greyS 4rSelabie0, Thai he GolQ Coins he
United States shall contain the {ohowine 4v2r-
titles of metal, that is to say: each Eagle shat
contain two hundred and ihirty-t@C grains q
fine gold, and two hundred m. fihy yigh,
grains OF standard gold; each I1Gh EGgl ere
Hundred and sixteen grain 81 IRE 5"lc, lad
one hundred and twenty-n.nc g3Gips D slenG-
ard gold each Quarter Eagle shall contain II
ty-eight grains OF fine gold, and G.. IL grfns
of standard gold; every s.lcn Eagle si,a.I he Oh
the value of ten dollars; every such Fialf Eeclc
shall be of the value of 'iv~ dollars, ana every
such Quarter Eagie shail be Of the value OF tWo
dollars and fiitv cehts: and, also, gold coils 20
contain twenty three and iWo-tenths Of G grain
of pure gold, enc twenty -fve enc, clgho~t5ntl4u
OF a grain Of standard gold, arG 10 DE o. me
value OF one dollar: and the said gold coins
shall be receiv able in all payments when OF sIcn
weight according to taeiY said respective val
ues. and when Of less thar such weigh, - less
values, proportioned to their respective Gctlfl
weights.
sec. 2. ind re ii further. enacted, That ali
standard COLO and silver depositcs sor coinGge,
after the thrty-lirst DAY Of July ne-.t, shell be
paid for in coin, under the direction ot the Sc
cretary of the Treasury, within five days from
the making such deposite; dedrct:hg froh. the
amount Of said deposite OF gold AID silveI',
one-half of one per centum; Prorided, that no
deduction shall be made unless said TivanGe
be required by such depositor within for!y' o@ys.
Sec 8. And be 1t further enacted, That ell
gold coins of the United States, minted anteri-
or to the thirty-frst day of July next, shall be
receivable in all payments, at the rate ot llne-
ty-four and cight-lenths Of a cen; yer penny
weight.
Sec + And he Il further enacted, THAI his not
shall be in force from and after the thirty-lhst
day Of July, in the year one thousand eight hun
dred and thirty-fouf
Mr.. WHITE, of New York, Chairman CT TIKI
Committee on Coins, moved to amend the bill
by striking out all after the enacting clause,
and substituting new bill, fixing the ratio o,
the value of gold to silver &c to l. Eir.
WHITE made a speech explanatory Of his rea-
sons for the proposed change which opened
discussion of much learning and great interest,
which occupied the House till a late hour.
MIR. SELDEN strenuously opposed the a.
! mendment, and went into an elaborate argu-
ment, In defence of the bill as at first reported,
and IN opposition to the amendment. He argu-
ed 10 shew that the practical effect of the latter
would be, in short time, to Danish the existing
silver currency of the country He considered
the proportion proposed to be established as
false in fact. and COntended that the true ratio
was not 10 Is, but to Is So, and he offered
an amendment to that effect as follows:
Strike out 232 grs. the quantity of fine gold
in an earle. and insert 237 6-10-strike out 259
grs. the quantity Of standard gold in an eagle,
and insert 264 grs. Strike out 116 and 1919 grs.
the quantity of fine and standard gold in half