Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1857-03-12

An act relating to foreign coins and to the coinage Of cents
at the mint Of the United States.
Be It enacted BY the Senate and HOuss Of Represent
uTes Of the United States Of America in Congress assem-
blsd, Thai the pieces commonly knOgn as the quarter
eighth and sixteenth of the Spanish pillar dollar and Of
The Mexican dollar, shall be reeeF bic az the treasury Of
the United States and its several Offices and at the several
post offices and land oes at the OF valuation follow
ing that IS TO say the fourth Of dollar piece Of
reals, at twenty eens;the eighth OF dollar piece Of
one rea ct ten cents aud the sixteenth Of dollar hs
real, at i've cents
Sec 3 and be further enacted That the said coins,
when so received, shall sgaip be paid out or put
circulation, but shall be re coined ct the mint And il
shall be the cuy Of the director Of the mint with the ap
poV Of the secretary OF the Treasury 10 prescribe such
regulations as may be necessary and proper secure their
Transmission 70 the mint tor reconage and the return or
distribution Of the proceeds thereof when deemed expe
dent and Oprsscbe such forms Of account may De
appropriate ana applicable to the circumstances: fToYl
dd That the expenses incident to such transmission
distribution, and Of coinage shah be charged against
the account of silver profit ana loss and The net profits
any shall be paid from time to time into the Treasury OF
the United States.
Sec and De it further enacted That all the former
acts authorizing the currency of foreign geld silver
COINS and declaring the legal tender payment for
debts are hereby repealed but shall be the CUy Of the
director Of the mint 70 assays 10 be made from time
totime OF such foreign coins may be known 10 our
commerce. to determine their average weight neuess ard
Value and 70 embrace IN his annual report staeSment OF
the results Ehereof
Sec. 4 And be it further enacted That from and alter
the passage Of tins act the standard weight Of the cent
coined the mint shall be seFsntytWO grains or hrse
Wsnteths OF enc ounce troy with no greater than
four grains in piece and said shall be composed
Of eighty eight per cenum Of copper and twelve per cent
OF Nickel such shape acd ueFce may TO liked by
the director Of the mint with the appreciation Of the
creaTy Of the Treasur and the coinage Of the half cent
shall cease.
Sec D. And be it further enacted That the treasurer Of
the mint under the instruction Of the Secretary Of the
Treasury SHALL from time q time purchase from the bUl
lion unu OF the mint the materials necessary for the COIN
age OF such cent piece transfer the TO The proper
operative officers OF the mint 10 be manufactured and re-
turned in cola And The Laws force relating 10 the mint
and the coinage OF precious MEALS ana IN regard 70 the
sale and distribution OF the copper COINS, SHALL so far as
applicable be EXTENDED u the herein provided 0T
Provided the profits OF said coinage, asceraiued IN
Like manner prescribed tins second section u tbs
act be transferred TO the Treasury Of the United
States.
o.2 g. And be it further enacted That it shall be law
full to pay cut ts sad cent mint exchange for
any Of The gold aud silver the United Saes, and
also in exchange for the former copper issued ana Il
shall be lawful TO parcels Of the said cents, from
time to tine the assistant treasurer, REPOSITORIES AID
other ticers Of the United STATES under general Tegula
0ns proposed by the director Of the mint and approved
BY The Secretary the ireaslTy Tor exchange eOIe
said. And it sha sEo be lawful for the space Of two
from The passage this ac E1d no longer, 10 pay
the mint the Aforesaid for the fractional parts
OF the dollar herein before named 1t CET nominal value
Of twenty i've twelve and nall, sad SIX and quarter
cents, respectively,
sec Z And be it further enacted That hereafter the
director Of the mint shall make bis annual report tie
Secretary the Treasury up the thteth Of June IN
each year. that the may sppear IN his annUl re-
port TO Congress the finances