New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1853-02-24

Tar SILVER CotSAGE-rhe House of REPRESENTATIVES
having passed the bill which passed the Senate % the last
session smendatory OF the existing laws regulating the
coinage e half dollar quarter dollar dime and half dime
and providing for the coinage Of three dollar gold pieces
Without amendment requires Gully the signature Of the
President to become law As the subject possesses gen
era interest insert the provisions Of the bill at
length, as follows:
Sec / That from aud after the first day of June
eigteen hundred and fifty three the weight Of the half
dollar or piece Of fifty cents. shall he hundred
nneytwo grains, aud the quarter dollar dime and half
dime, shall be- respectively one-haf ong-tth and
tenth of the weight Of said half dollar
Sec That the silver coins issued in conformity with
the above secon shall be legal tenders in payment OF
debts for all sums not exceeding five dollars
Sec That in order to procure bullion for the requs
lite coinage of the subdivisions Of the dollar authorized by
this act the Treasurer OF the Mint shall with the appro
val of the Director purchase such bullion with the bullion
fund Ofthe mint lie shall charge himself with the gain
arising from the coinage such bullion into coins Of
nominal value exceeding the intrinsic thereof mud
shall be credited with the difference such in
trinsio value and the price paid for said bullion
the OF distributing said as hereinafter ro-
vided The balances to this credit the profit of said
coinage shall be from time time a warrant Of the
Director Of the mint transferred to the account Of the
Treasury Of the United States
Sec That such coins shall be paid Mt the mint in
exchange Tor gold coins at par in than
hundred dollars and it shall BIZ lawful also transmit
parcels Of the same from time to time to the assistant
reasurers depositares and other officers Of the United
States under general regulations proposed by the Droc
tor of the Mint and approved by the Secretary of the
Treasury provided however, that the amount coined
into quarter dollars dimes and half dimes shall be reg-
lated by the Secretary Of the Treasury.
Sec That deposits for coinage into the half dol
lar quarter dollar dime aud half dime shall thereafter
received other than those made by the Treasurer the
Mint, as herein authorized and upon account Of the
United States.
See That at the option Of the depositor gold or sill
may be cast into bars ingots of either pure metal
or Of standard nenoss, the may prefer with
stamp upon the designating its weight and neness
but piece, OF either gold silver, shall be into
bars or ngots Of less weight than ten ounces except
pieces OF one ounce of two of three and
five all of which pieces of less weight than
shall be of the standard neness with their weight
and fneness stamped upon them but in when the
gold and silver deposited be coined cast into bars
ngcts there shall be charge to the depositor IN adi-
ton to the charge made Tor refining parting tho
metals of half Of per cent The money arising
from this charge Of oneha per cent shall be charged
the Treasurer OF the Mint time time
rant OF the Director Of thu Mint shall be into
that nothing contained in this section shall considered
and half dime.
Sec That from time to time there shall be struck
and coined at the Mint Of the United States and the
eonormaby in all respects the standard Of gold coins
dollars units, and all the provisions OF entitled
An act to authorize the coinage Of gold dollars and
double eagles approved March third eighteen hundred
aud shall be applied to the coin herein author
lied far the may be applicable the devices
and shape of the three dollar piece shall be fixed by the
Secretary Of the Treasury.
Sec g. That this act shall be in faree from and after
the first day Of june next.