Herald of the times. [volume] (Newport, R.I.) 1849-1856, 1853-03-03
BY AUTHORITY.
LAWS OF THE UNITED TATES.
Passed during The Second Ssss'o" q
The lhir.y seccad c ngress.
[PpBLlc Acr-No. "a.

4 dollar, 6iiUc anu HhI-ulilt'
HeH enacted By he Senate art House
of Representatives. Of he tnii6 states j
Amer,ca ia Congress dsSemb'ch That
from and after tie first day oi June,
eighteen hundred and iiiiy-iwo, the
weigh; oi the hali-dollar or piece o.!
fifty cents shall be one hundred aad
ninety two grains, and the quarte'-doi-
lar, dime, and half dime, shall be, .cs-
pec,ively, one-half one-filh, and one
tenth, OF the weight Of said half dol
lar.
SEC. 2 And be ii further enacted, That
the silver coins issued in conformity
with the above section, shall be legal
tenders in payment Of debts Tor all sums
not exceeding five dollars.
SEC. g. And BE- IL further enacted, That
in order to procure bullion Tor the re-
auisite coinage oil the sub divisions of
the dollar authorized by this act, the
treasurer of the mint shall, with the
approval OF the director, purchase such
bullion with the bullion fund Of tie
mint. He shall charge himself with
the gain arising from the coinage Of
such bullion into coins of n nominal
value exceeding the intrinsic value
thereof, and shall be credited with the
| difference between such intrinsic value
and the price paid Tor such bullion, and
with the expense of distributing said
coins as hereinafter provided. The
balances 10 his credit, or the profit OF
SAID coinage. shalt he, from time n,
time, on warrant Of The director Of
| the mint, tran nSierred 10 the account OF
the treasury OF The United States.
SEC. 4. And be IL further enacted That
such coins saal be paid out AT the mint
| in exchange for gold coins at par, IN
sums not less than one hundred dollars |;
and it shn!l be lawful, also, TO transmit
parcels Of the same from time to time
10 the assistant trcasurers, dePositaries,
and other officers OF the United States,
under general regulations, proposed by
the director Of the mint, and approved
by the Secretary Of the Treasury Pro
rided, homerer, That The amount coin
ed Into quaricr-dollsrs. dimes, and half
dimes, shall be regulated by the Sec
rotary of the Treasury.
SEC. 5. and be nJmfher enacted, That
no deposits Tor coinage into The half
dollar. quartcr-dollar, dime, and half
! dime, shall hereafter be- received. other
than those made by the treasurer Of The
mint, AS herein authorized, and upon
account OF the United Stales.
Src. 6. And be il furthcr enacted, That
q, the option OF the depositor, gold or
SILVER may be cast into bars or insnts OF
either pure metal or o! standard fine.
ness. as The own,r may prefer, with a
stamp upon the sane, designating its
weight and fnvEess hut 10 piece. oi
eilh.r gold or silver shal be cast into
bars or ing"ts OF ii less weight than ten
ounces, except pieces OF one ounrc, ol
two ounces, OF three Ounces, and Of five
ounces, all "fwhich pieces oiless weight
than ten ounces shall be OF the stand
ard fneness, with their weight and
fnencss stamped uTon ,heN; but in Gil
,es Whether the gsid and silver dcposi-
ted be coined or cast into barsOr ingors,
there shall be "A charge to the duros:tr
in addition to the charge now made Tor
refining or parting the metals, Of one
half Of one per centum the money All
sing from this charge Of one-half per
cenlum shall be charged to the treasu-
! rer OF the mint, and from time 10 time,
on warrant Of the director of the mint,
shall be transferred into the treasury OF
| the United States: PrOrided. horerer,
That nothing contained in ,Ais section
shall be considered as applying to tie
hali-dollar, the quarter dollar, the dime,
/ aud hul-dme.
SEC. 7. And be IL further enacted.
II nat from linc 10 Time tIltrC small Dc
\ struck and coined AT The milt OF the Uni-
ted States and branches thereof, con.
formally In all respects to Law, and
coniormabIy in all respects to The stand
ard OF gold coins now established by
law, a coin Of gold Of the value Of three
dollars or units, and all the provisions
of an act entitled AN act TO authorize
the coinage Of gold dollars and double
eagles" approved March third, eighteen
hundred and lorly-nine, shall he applied
TO the coin herein authorized 50 far lis
the same may hc applicable /; but the
devices aud shape or the three dollar
piece shall be fixed by the Secretary Of
the Treasury.
SEC. s. Aad be il f,siher enacted
That ihis act shall be in force from and
after the first day OF June next.
Approved February 2l, 1853
PuBLic ACT-No. 23.l
AN ACT to prevent, in certain cases,