Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1864-07-16
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EICIAL.
LAWS OF THE UNITED STATES.
Passed at the First Session of the Thirty
eighth Congress.
IPUBIIc-No. 1Gl


TO prohibit certain sales of gold and foreign
exchange
Be it enacted by the Senate and House OF Repre-
sentAtiyes OF United states OF America In Con-
Iess nssetnbied, That II shall be unlAEinI to make
Sny contract for the purchase sale and delivery
Of any gold coin or bullion TO be delivered on any
day su6seauent 10 the Gay OF making such contract,
or for the pay nent OF any sum, either hxed or con
tiugeut, default Of the delivery OF any gold COIN
or bullion, make such contract upon any othsr
terms than the actual deiVery OF such gOld COIN OF
bullion, and the payment in II Of the agreed price
thereof on the day which such contract Is made
in United States nstiona! currency and not
otherwise; make any contract Tor the purchase
or sale and delivery OF any foreign exchange 10 De
delivered at any time beyond ten days subsequent
to the making Of such contract or for the pay
of any sum either fixed contingent IN default oil
The delivery Of any foreign exchange or upon any
other terms than the actual delivery oil such foreign
exchange within ten days from the making OF such
Contract, and the Immediate payment in full oil the
agreed price thereof the day Of delivery in United
States notes national currency or TO make any con-
tract whatever for the sale and delivery OF any 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 it shall be unlawful 70
make any loan OF money or currency NOT Gelhs ~
coin TO be repaid in coin or bullion, TO make any
loan of coin bullion TO be repaid in money or cur
rsncy other than coin.
Sec 2 And be il further enacted, That it shall be
further unlawful for any banker, broker or other
person, to make any purchase or sale Of any gold
coin OF bullion or of any foreign exchange OF any
contract for any such purchase or sale at any other
place than the ordinary place Of business Of either
ed by him individually, or by partnership Of which
Sec 5. Aud be it further enacted, That all con.
tracts made IN violation Of this act shall be Rbso-
lutely void.
Sec. l. And be it further enacted, That any person
who shall violate any provisions Of this act shall be
held guilty of a msdemoRnor, and on conviction
thereof, be fined in any not less than thous.
and dollars, be imprisoned for period not less
than three months longer than one year or BOTH
At the discretion of the court and shall likewise be
subject penalty Of one thousand dollars for each
offence.
Sec S. And be it further enacted, That the penal
ties imposed by the fourth section ofhts act may be
recovered in action at law in court of record
Of the United states any court of competent ur'
isdiction which action may be brought in the name
of the United by any person who will for
said penalty, bali for the Of the United
and the other half for the of the person
bringing such action. And the recovery and salts
faction of judgment In any such action shall &c
bar to the imposition of any fine for the same offence
any prosecution instituted subsequent to the re-
coyery Of such judgment, but shall not be a bar TO
the infection of Puni.hment By imprisonment, as
proved by said fourth section.
Sec 6. And be it further enacted That all acts and
parts Of inconsistent with the provisions of this
act hereby repealed.
Approved, June Il, 1854