Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1864-07-07
LAWS OF THE UNITED Staten,
Passsd al the First Sss,ssn Of the fhisty-eiohtA
CoRgress,
[PusLie-No. lC4,l
An Aer TO prohibit certain sales Of gold and for
arm exchanFA

IPusLle-No. le4.l
An Aer TO prohibit certain sales Of gold and for
eign exchange
BE IL enacted by the Senate swd House Of Repre-
ssatatives Of the United States Of America IN csn-
grsss assembled, That il shall be unlawful to
make any contract for the purchase or sale and
delivery Of any gold coin or bullion 10 be deliy-
cred on any day subsequent to the day OF max
ing such contract, or for the payment OF any
sum, either fixed or contingent, in default Of the
delivery Of any gold coin or bullion, or to make
suoh contract upon any other terms than the
actual delivery OF such gold coin or bullion, and
the payment in full Of the agreed price thereof,
on the day on which such contract is made, in
United States notes or national currency, and
not otherwise; or TO make any contract for the
purchase or sale and delivery Of any foreign ex-
change to be delivered at any time beyond ten
days subsequent to the making of such contract;
or for the payment Of any sum, either liked or
contingent in default of the delivery of any for
sign exchange, or upon any other terms than
the actual delivery of such foreign exchange
within ten days from the making Of such con-
tract, and the immediate payment in full of the
agreed price thereof on the day of delivery in
United States notes OF national currency; or TO
make any contract whatever for the sale and de-
livery fanny gold coin or bullion of which the
person making such contract shall not, at the
time Of making the same, be in actual possession.
And 1t shall be unlawful TO make any loan Of
money or currency not being in coin TO be repaid
in coin or bullion, or to make any loan of coin
or bullion to be repaid in money or currency,
other than COIN
Sec. 2. and be 1t further enacted, Tha, it shall
be further unlawful for any banker, broker, or
other person, to make any purchase or sale of
any gold or bullion, or of any foreign exchange,
or any contract for any such purchase or sale,
at any other place than the ordinary place of
business of either the seller or purchaser, owned
or hired and occupied by him individually, or
by partnership OF which he is a member.
Sec. 5. and be it further enacted, That all con-
tracts made in violation Of this act shall be alb
solutely void,
Sec. 4. And be itftlrther enacted, That any per-
son who shall violate any provisions of this act
shall be held guilty OF nlsdemeanor, ana, on
conviction thereof, be fined in any sum not less
than one thousand dollars, nor more than ten
Thousand dollars, or be imprisoned for period
not less than three months nor longer than one
year, or BOTH at the discretion of the court, and
shall likewise be subject to penalty of one thou
sand dollars for each offence.
Sec. And be it further enacted, That the
penalties imposed by the fourth section of this
act may be recovered in an action at law in an
court of record of the United States or any court
of compe ent jurisdiction, which action may be
brought in the name of the United States by any
person who will sue for said penalty, one half
for the use of the United States, and the other
half for the use of the person bringing such &C
ton. And the recovery and satisfaction of a
judgment in any such action shall be bar to
| the imposition of any fine for the same offence
| in any prosecution instituted subsequent to the
recovery of such judgment, but shall not be a
bar to the infection of punishment by imprlson-
ment, as provided by said fourth section.
Sec. 6, Ind be ii further enacted, That all acts
and parts of acts inconsistent with the provisions
of this act are hereby repeated.
Approved, June II, 1864.