Fremont journal. [volume] (Fremont, Sandusky County [Ohio]) 1853-1866, 1853-03-05
The Silver Coinage.

The House Of Representatives recently
passed the bill, which passed the Senate at
the last session, amendatory of the existing
laws regulating the coinage of the half dollar,
quarter dollar, dine and half dime, and pro-
viding for the coinage Of three dollar gold
pieces The bill received no amendment in
the House, and therefore requires only the
signature OF the President to become a law
AS the subject possesses general interest we
insert the provisions Of the bill at length, as
follows:
Sec. |. That from and after the first day
Of June. eighteen lundred and fifty-three,
the weight OF the half dollar or piece of fifty
cents sual be one hundred and ninety-two
grains, and the quarter dollar, dime, and half
dime shall be, respec lively, one-half one fifth,
and onetenth Of the weight of said half dol
lar.
Sec. 2. That the silver coins issued in
conformity with the above section shall be le-
gal tenders in payment of debts for all sums
not exceeding five dollars
Sec. 8. That, in order to procure bullion
for the requisite coinage Of the subdivision of
the dollar authorized by this act the Treas
urer of the Mint shall, with the approval OF
the Director, purchase such bullion with the
bullion fund of the Mint He shall charge
himself with tho gain arising from the coin
age of snch bullion into coins of nominal
value exceeding the intrinsic value thereof,
and shall be credited with the difference be-
tween such intrinsic value and the price paid
for said bullion, and with the expense Of dis,
trbuting said coins as hereinafter provided.
haln In tha g
coinage shall be-, from time to time, on war
rant of the Director of the mint, transferred
20 the account Of the Treasury of the United
States.
Sec. 4. Tha, such coins shall be paid out
at the mint, in exchange for gold coins at par,
in sums not less than one hundred dollars
and it shall be lawful, Also to transmit par
GELS of the same from time to time, to the as
sistant treasurers, depositaries, and other off,
GERS o! the United States under general reg
ulations, proposed by the Director Of the
Mint, and approved by the Secretary of the
Treasury: Provided however, Tha. the a.
mount coined into quarter dollars, dimes. and
half dimes shall be regulated by the Secreta-
ry of the Treasury.
Sec. s. That no deposits for coinage into
the half dollar quarter dollar, dime, and halt
dime shall hereafter be received, other than
those made by the Treasurer Of the Mint, as
herein authorized, and upon account of the
United States,
Sec. g. That, at the option Of the deposi-
tor, gold or silver may be cast into bars or
ingots of either pure meta. or of standard
fiueness, as the owner may prefer, with a
e+oro,> ,,nnr tha eanoa dasirnatin,, tic ,p ai,Lt
and tineness; but no piece, of either gold or
silver, shal be cast into bars or ingots of less
weight than ten ounces, except pieces of one
ounce, of two ounces, OF three ounces and of
i've ounces, all Of which pieces ofless weight
than ten ounces shall be Of the standard fine
ness, with their weight and inenes stamped
upon them: but in cases when the gold and
silver deposited be coined or cast into bars or
ingots, there shall be charge to the deposi
tor. in addition to the charge now made for
refining or parting the metals, of one half oi
one percent. The money arising from this
charge of one-half per cent, shall be charged
to the Treasurer of the Of the mint and from
time to time, on warrant of the Director of the
Mint shall be transferred into the Treasury
of the United States; Provided ho0eUer, Thai
nothing contained in this section shall be con
sidered as applying to the half dollar, the
quarter dollar the dime and half dime.
Sec. 7 That from time time there shall
be struck and coined at the Mint of the Uni
ted States, and the branches thereof confor.
mably in all respects to law and conform bly,
in all respects to the standard of gold coins
now established by law, coin Of gold OF lh'
value of three dollars, or units. and all til,
provisions of an act entitled "An act To au
thorize. the coinage Of gold dollars and doub
lie eagles" approved March third. eighleel
hundred and forty-nine, shall be applied t'
the coin herin authorized, so far as the sam
may be applicable but the advice and shape
of the three-dollar piece shall be fixed by tn
Secretary OF the Treasury.
See. g. That this act shall be in fore
from and after the first day June nc1---O
s. Journal
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