The daily union. [volume] (Washington [D.C.]) 1845-1857, 1857-02-25
Public 10

AN ACT relating foreign coins and to the coinage of
at the mint of the United States.
Be enacted by the Senate House of Representatives
Of the United States Of America in Congress assembled That
the pieces commonly known the quarter eighth and six
teenh of the Spanish pillar dollar and of the Mexican dollar
shall be receivable at the treasury Of the United States and
its several Offices and at the several post offices and land Of
fees the rates of valuation following that is to say the
fourth of dollar, piece OF two reals at twenty cents the
eighth of dollar, piece Of real at ten cents and the
sixteenth Of dollar, or half real, at five cents.
Seq e. And be further enacted That the said coins, when
received shall again be paid out put in circulation
but shall be coined the mint And it shall be the duty
director Of the mint with the approval of the
nv Of Treasury prescribe such regulations may
and proper to their the mint
for the distribution OF proceeds
thereof when deemed expeden and to prescribe such
of account as may be appropriate and applicable the cir
Propied That the incident TO such
transmission distribution and Of coinage, shall be
charged against the account OF silver profit and loss and the
net profits asy shall be paid from time to time, into the
Snc. g. And be further enacted That all former acts
thof1g the q gola or syer CONS and
hereby repealed but shall be the duty of the director Of
the mint to cause assays to be made from time to time
of such foreign coins may be known to commerce,
to determine their weight neness and value, and
to embrace in his annual report statement of the results
thereof.
SHc L. And DC Il further enacted That from and after the
passage of this the standard weight of the
troy with greater deviation than four grains
each piece and said shall be composed of eighty
shape may fixed by the director Of the
mint with the appreciation Of the Secretary of the Treasury
SEc. g. And be II further enacted That the treasurer of
tbs mint under the Of the Secretary the
ury SHALL from time to time purchase from the bullion fund
Of the mint the materials necessary for the coinage
cent piece and transfer the the proper operative
officers of the mint to be manufactured and returned in CON-
And the laws in force relating the mint and the coinage
the precious metals and in regard to the sale and distribution
Of the copper son SHALL far applicable be extended
the coinage herein provided for Propded That the net
profits Of said coinage, ascertaned in like is
scribed in the second section Of this act shall be transferred
to the treasury of the United States.
SEC And be further enacted, That it shall be lawful
pay the said the mint exchange for any
the gold and silver coins of the United States and also
change for the former copper coins issued ant shall
lawful to transmit parcels Of the said CENTS from
time, to the assistant reasurers depostares and other Off
Of the United States under regulations proposed
by the director Of the mint and approved by the Secretary
OF the Treasury for exchange Aforesaid And it shall
be lawful for the space Of two from the Of this
and longer pay at the mint the aforesaid
for the fractional parts of the dollar herein before named
their nominal value of twenty a-half and
six and a. quarter cents, respectively.
SEC. And be IL further enacted, That hereafter the d
rector Of the mint shall make his report Secre
tary Of the Treasury to the thteth of June
that the appear in his annual report Congress
the finances.
Approved February Il, 1857