The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-01

AN ACE xLArIsa TO FORsIGs COINS AND TO ruE
COINAGE OF CRHrs AT THE MINT OF The UNITED
Be ensoted by the Senate aud House Of Representa-
tvea Of the United States OF Congress
bled That the pieces COMMONLY known - the quarter,
eighth and sixteenth OF the spanish pillar dollar and OF
the Mexican dollar shall receivable s the treasury
the United Sts,es aDo m several Offices and .. the
raj Offices and lend Offices st tuo Of vsluston
iolowBg-sbs' 10 10 say, the fourth Of dollar, peoe
oi two reals at twenty cents; the eighth Of dollar,
piece one real as ton oents and the sixteenth Of dol
SEQ An be fursner enacted, That the rad coius
when reoeived shall not sgdn DO paid ous or pa, in
circulation, but shall be recoined ~ the mint Aud IL
shall the ou the director OF the mint With sp
provsl Of the ssorery Of the Treasury 70 prescribe
cure .ser Msnsmis.ion 70 the mint 10, rsoon.ss and The
return distribution OF the proceeds thereof, when
deemed eIpeoien and TO prescribe such forms OF 40
count - may be appropriate and aopcaolo to toe cr
cumttsDes provided that the expenses incident to such
transmission or ibutIoo, and Of recoinsse, shall be
charged agost he Of silver pro0t and loss and
tie net pron1 II any sh,I be paid, from time 10 time,
into the treauvy Of the United States
SEQ 8 And be II further enacted That oil ormsr acts
Authorizing the currency OF foreign gold or silver coins
and declaring tho same legal tender payment for
debts are hereby repealed but IL shall DO the duy OF
time 10 time OF such foreign coins m6y DO to
our commerce. 10 efrne their weght, fine
and value and 10 embrace In bis annual report o
statement OF the results therot
Sec And be further enacted, That from after the
passage Of b ac the sara weight Of the cent coin
Cd NJ the mint sosll oe sevents two grains three
twenteths OF one ounce troy with NO greater deviation
than four or aims 10 each pioe and said cent shall be
Twelve per Of .ush shape sp@ device
a. may be fixed ny the director Of the mint win the
probation OF the Secretary OF the Treasury and the
coinage OF tue half cent so ali cease
SEQ And be IL further enacted That the treasurer
OF the mint under the instruction the Secretary OF the
Treasury, shaI from time 10 time, pnrchase from the
bullion fund Of the mint the materials necears for the
coinage OF sucb cert piece ana transfer the the
proper operative officers OF he mint to be manufactured
and returned IN oon. And the Law ~ In force relating
to the mint and the coinage of the precious metals aud
In regard the sale aud diarbuon Of copper cons
shsI 30 lar se applicable ne extended N the coinage
herein provided Provided, That tho net prods OF
said coinage a,cer'sinod IN ike soner as 10 ,bed
In the second section OF this act shall transferred
the treasury OF the United states
Sec. And be iurtner enscted, That II shall be law.
u to pay out the said cent at the mint in exchange
OF the gold and silver ons Of the United States aud
also In exchange Tor the copper coins issued and shall
beawfui TO transmit parcels Of the said from
o,her ofcTs of the United States under general regu
atons proposed BY the director Of the aud approved
by the secretary Of the Ire:srry for exchange ss .ore
from the psssge OF this ac. and ger pay out ct
TIE mint tho ceus al aforesaid Tor the fractional Of
dollar hereinbe ore named, and their nominal Of
twenty i've twelve and hall and six an quarter
respectively
SEQ o. And be It further enacted That hereafter the
direct, Of the mint shall ANIMAL report
Secretary Of the treasury up to tho thesh Of June in
each year. 10 that the same may appear In bis annual
report to Congress on the hpauces.
THE NEW CENT com.
Congress has passed the bill and the President has
sgnei IT, previoipg for the age of cents Of an
entirely different appea ance ana composition from the
copper coin which has 30 long been In existence.
The new coin B certainly . great Improvement over
the old, and 10 not likoly TO fal uto the dsoyedN
which the weight size and the isbilty to corrosive
ness OF the copper cent generally brought upon II
II convenient coin In sixs, and 10 sufciently dis.
tptSive moi to be oonfounded with others Of different
aue. Il we'll executed, and the design is tasteful
thovGh the eagle In foil his has something OF the bug
zud like character which, Ooordipg 10 the Lon1oa
'iet, Indicative OF national appetite for extensive
slices Of others Territory There 10 rapacious
zion OF the neck Of the bird, which looks
houstering expedition and was just certain Of SELLING
Intention Of the con public Convenience aud In re
spect We think II oabpot be exce,d. Che intriosic
value of The cent Ia sbodt seventy Ave per
ns ronir al value and ne government, tserefo-e,
tord 10 coin The cents and redeem all the Spanish
coEs ct par without suerog ary loss subjsc,ins
people 20 any In nies dsys ibe Avn sin re- ressy
ohtrbute tn new coinage, and the distributor will bs
made at The expense o toe Mint; tnat the con will
10 toe various ciies the dsifibut taku
place, and ther~ through the government agents, Il will
be paid for Spansh con for any Other tbs
vebience or the purchaser Due will be given by
circulars and In the nowspapersy when where how aud
In What quantities the ds,ributon will be made Tho
copper cuins Dsued from the vint snoe II
operations 10 million eight hupdrod tnou, and
dollars value, and In ~eight. eighteen hunor red tous
The coin nothing like heavy tho copper cent
likely 10 wear . hole IN the pocket. TITS NJ
course favorable tn economical habits, and Oil
spenothrit tendency arising from the uncertainty
money safsly.-Philadepha L<dor, teb 26