The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-02-15
VALUATION OF FoRErcS CorSs.-The annexed
bill has been introduced to the House OF Repre-
sentatives, by Mr.. Schenck, which was read twice
md reierred To the Committee ON Cornunarna

and referred to the Committee on Commerce -
VALUE ey roRros CONS IN rsr UNITED STATES.
Be II enacted by the Senate and House Of Reprssen-
tstves ef the United States OF America Congress
sss,mbied That from and AFTER the drst day Of July
any coin In circulation In the United states Of
the Determination Of cpc.esehth II . dollar or OF
the romibai value Of twelve aud = half cents
,hsl be taken and received ct the value Of dime
cry rn % :n s. 81 ps s Of
Of six aud onsfourth cents shall In like be
taken and received Of the value Of dime I've
Sec 2 And DO It further enssssd, Tina. from and
after the Fret day Of January. A. D. eighteen hundred
Uuss sta,s Of the Of on fourth part Of
dollar. ~ the nominal valus Of twenty csnts
sbsli b. tshen and recsty.d for twenty cents only
Sec >. And be 10 further enacted That there shall
be from time 60 time struck and coined the mi mt OF
the United States apd the brsncbss thereof CONFORMS
bly, In ell respects 90 law asd TO the present standard
silver coins cf the United States. coins Of silver Of
the otpomnstion az double dime pieces. each II sad
eeins TO b. % ,h. vau. q twenty cent. snds legal
force in relation 60 the coins q the nted state. for
regulating the stihips snd coming the ,sue for pre-
Any other purpose whether penal r otherwise hall
have fuil force and fleet 60 far the same nav
be applicable in relation TO the ter coins herein
authorized.
IL is surprising that bill has not been miro
duced long before this, 10 do away with the circu-
lsuon Of foreign coins in this country Spanish
coin Of the value Of one-sixteenih on,-siehth. and
W ueNN " t'ii- htth part ot
our currency, that nothing but the passage Of
special law will drive them ont Of calculation. The
government has done everything IN lts power 10
Substitute American coins for those of foreign
manufacture, by refusing them in payment for ell
public dues; but II requires the passage Of an act
OF Congress, fixing the value Of lhese foreign COINS
to correspond with those Of our own mintags. 90
that the currency will be simplifed and made more
uni'oim in character. The provisions Of The sbove
bill provide for lhls end we have no doubt that in
less than one year after rs passage, very few
foreign silver coins 81 any denominstion. will be
seen IN CIRCULATION. The coinage Of double dunes
will sunly very desirable CON, and facilitate
monsyed transactions very materially. Uader the
existing order Of things, we fad dif,reut Kind
of currency IN different sections OF the country
eno PEOPLE passing from one extreme of the Ualon
10 the other, are frequently annoyed in makinp
trhnr moneyed operations. The pi.ssee Of the
sbsve law. and rapid coinage OF the tenomina.
tiors Of coins required substitutes for those de-
preciated in value by the act. would be Of vast
benefit to the community ~ large. We trust this
will receive the immediate attention of Congress.
as il must meet with universal approval ilrouchou,
the l-ptpn