The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-17
The New Coinage Layv.
An ACT RELATING TO FOREIGN COINS AND TO THE
COINAGE OF CENTS AT THE MINT or THE UNITED


COINAGE OF CENTS AT THE MINT OF THE UNITED
STATES.
Be enacted by the senate and House OF Representa-
tvss OF the unhed st'es o, America in Congress- as,c
bed, That the pieces commonly known the quarter,
eighth and sixteenth OF the spspisn pillar dollar and OF
OF the United states its several occs and at the
several Post Offices aud Oces at the rates Of vsiua
ticn ollowns-that is say, the fourth OF dollar or
piece OF reals q; twe1ty cents the eighth Of dollar
OF piece Of one real a. ten cents and the sixteenth OF
dollar, or half real, ai Ave cents.
sec. And be II further enacted, That the said coins,
when 40 received shall not again be pal out or pu, 10
cpeuls,ion, bu, sna, ee rcconed /. tho mn, AMI
yroval OF the secretary Of the rrcaury TO prescribe
such res uatons as may DO necessary and proper TO
their Transmission TO tho mint for reci1age and
the return distribution procee1s thereof when
deemed expedient and 70 precbe suco forms Of account
az may be appropriate and applicable 70 toe orcu mstan
provided that the expenses incdont 10 trans
mission OF distributor snd OF rec ,inaTe sba he chrget
against the account OF silver profit aud loss and the net
profs. " any, sna be paid IRON lime TO time, into the
Trs Asury of the | niled states.
Sec And be further enacted, That al former acts
auhorizirs the currency Of foreign gold silver coins,
aud declaring the same a legal ,cnder 10 psy meut ror
debts are bcrosy repealed bot shall be the duty OF
tho director OF the mint to cause assays 70 De m.te rom
commerce. TO determine their average weight, 6ne
nu ant value and TO embrace IN his annual report
statt ment ot ho rc,ulis thereof
sec T. And he further ensred. To from and after
the OF this the TART weight OF the cent
t-euteths OF cent troy 1b no greater deviation
than four grains In each piece and sad cent shall be
composed OF eighty eight OF copper an ~evo
per conum Of nickel OF tucn shso and oevoe may be
xed BY the Director of The Mint ~h the appreciation Of
Secretary Of the Telsury AMI the coIr OF the half
cent fha cc1e.
Sec And DC II fur;ncr enacted, That the Treasurer
Of the Mint unfcr the rsructon 81 the Director OF the
Mint and with spprovs Of thc secretary OF the rrcs
suy snail from tn 10 time, purchase from the bullion
funo o. lhe Mai tie materials necessary FOR the
OF 81 n cent piece. transfer the the proper
operative officers Of the Mat IN be manufactured sid
turned coin. And the lave IN force relating 20 tne
Mint sld tho coinage OF the prtcious metals ard in
gard TO the aud ds ibutOn ~ the copper ooins
shall so TAR appcsblc DC extended 10 ths coinage
herein provided Tor; provided, that the net profs Of
60 IN the section of this so shall transferred 10
| the Treasury Of the nitcd states.
Sec O. And be further enacted That n shall be law
u 10 pay out said al the mint c exchange for any OF
the gold and silver coins Of the Unteo states and also
exchange the former copper cous issued and Il shall
be lawful 10 transmit parcels OF the said cents from time
10 time 70 the assistant treasurers dcpos tarics, and
ober officers Of United states, under general resua
tons proposed By the Director Of the Mn and approved
l by the Secretary OF the Treasury
Sc T. And be further erscted That the Secretary Of
the treasury under such rules and rerulstione ~ be
may frcm time 10 time, establish, shalt have power 10
authorize and require medals to De struck a the mint Tor
the scv ers stas incorporated companies AMI societies
thai may apply for them, sta reasonable price for the
labor snd materals striking two copies In bronze for
cabinet 81 medals 70 be kept IN The mint and out OF tho
profits obtain duplicate cores 10 bronze or said csbne
o. ali metals which have been struck al the mint The
account. OF the medals sha be rendered quarterly and
the profits paid into the treasury and appear In the an
Sec & And be Il further enacted, That hereafter the
director Of the mint shall make hin annual report TO the
esth yt.r so that the same may appear In his annual
! =, r,ri ts Cougrets on the hrsrces
! rev - ne Senate April 1e 1859.
4 lAs.cJ lne House, With amendments, Jan 10, 1885,,