The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-06-01
Law Relating to tn. Currency.

AN ACT AMENDAToRY OF EXISTING LAWS RELATIVE
TO THE HALF-DoLLAR, QUARTER.DOLLAR, DIME
b. it enacted BY the Senate and House Of Representa-
tyes OF the United States Of America in Congress
hundred and fifty two. the weight Of the half dollar 0r
piece Of fifty cents shall be hundred and ninety tw0
grains, and the quarter dollar dme and half dne shall
be, respectively half, fifth, and tenth Of thu
weight of ssid hafdolsr.
Sec. q And be it further enacted That the silver3
coins issued in conformity with the above section shan
be legal tenders in payment Of debts for all sums not
exceeding Ave dollars
Sec. it further enac ed That in order to pre-
Of the dollar, authorized by this the Of the
mint shall With the approval Of the director purchase
zach bullion with the bullion fund of he mint He shalt
charge himself with hs arising from the coinage oil
such bullion into coins Of nna value excsedng tse
intrinsic value thereof and shall bs credited With the diff
ference between such nrinsir value and the price paid
for said bucn and With the Of distributing said
COINS hereinafter provided The balances to his credit
the profit of said coinage shall be- from time tins.
on warrant Of the director Of the mint transferred
Inc account o. ne ttsasury OF me nited States n
sec And be II further enscted That ehch coins shall
be paid out A. the mint in exchange for gold coins at
IN sums rot ess than hundred dollars aud it shall
lawful also, to transmt parcels of the same from III
to tine 10 the assistant treasarers, depostsres
Other officers Of the Uuted states under general reguA
tons by the director of the mint and
TIE secretary Of the Treasury provided however that
be amount coined into quarter dollars Dimes and AZ
ines shall be regulated by the Secretary of the Trea
ury
Sec s. And he further enacted Th.t no deposits for
coinage into The half dollar qust dollar dime and half
BY the treasurer Of he mint herein authorized aaa
upon account Of the United States.
Sc And be it further enacted, That at the option
Of the depo'or gold and silver may be into or
ingots OF either pure metal or OF standard na.ess
the owner prefer with stamp upon the zane, de.
sgnstinr its ..iebt and d. enes but piece Of either
gold silver, shall be cas into bars ingots OF le
weight than ten ounces except pieces Of ounce Of
two ounces OF three and Of five ounces, all OF
which pieces Of less weight than zen shall be Of
the standard fneness with their weight ana ineneas
STAMPED upon them but in whether the gold and
silver deposited he censd into bars iogos there
shall be charge 10 the dapo~itor, 10 addition to the
charge now made for refining parting the metals, Of
one half Of per ceDtun The money arising from ths
charge Of oneha per csntsm shall charged to the
surer of the mint and fron time to time warrant Of
the drse or of the mint shall Be transferred into tbs
treasury Of the United States Provided however, Ths
nothing contained In this section shall be considered a.
applying 70 tho fdoAr the qusrer dollar, the dine
and half dime.
Sec. 4 And be it further enacted That from time t0
time there shal he struck and coined at the mint Of
United States and the branches thereof oonformaby i
ell respects 10 law and conformaby in all respects TO
standard # gold coins established by law eou o&
COLO Of the value Of three dollars units and all the Cd
visions 81 act entitled An act to authorize the NJ
age Of god dollars and Double eagles" approved March,
third eighteen hundred and forty Aine, shall be appl
to the coin herein authorized far the b
applicable bur the devices and shape Of the three dollar
piece shal be fixed BY the Secretary Of the Treasury
Sc g. And be further enacted, That this act shall bel
in force from and after the nrst day of June next
Approved Fe bruary Il, 1853