The Jeffersonian Democrat. [volume] (Chardon, Ohio) 1854-1865, 1864-07-01
The Gold Bill.

The following is an official copy Of the
Gold Bill, which is now n law;
.an dct TO prohibit certain sales Of Gold and
Foreign Exchange.
Bo II enacted by tho Senate and House
OF Representatives OF tho United States of
America in Congress assembled, That It
shall be unlawful to mako any contract for
tho purchase or sale and delivery Of any
gold coin or bullion to bo delivered Oh any
day subsequent to tho day of making such
ethor fixed or contingent, in default of tho
delivery Of any gold coin or bullion, or to
mako such contract upon any other terms
than tho actual delivery of such gold coin
or bullion, and the payment in full of tho
agreed prcc tborcof on tho day on which
such contract is made in United States
notes or national currency, and not other.
wiso or to make any contract for the pur-
chase or salo and delivery of any foreign
exchange to DO delivered at any time bo.
yond ten days subsequent to tho making Of
such contract or for tho payment of any
sum, either fixed or contingent, in default
of tho delivery of any foreign exchange,
or upon any other terms than the actual
dolivory of such foreign exchange within
ten days from tho making OF such contract
and tho immediate payment in full of the
agreed price thereof on tho day of delivery,
in United States or national currency; or
to make any contract whatever for the sale
and delivery of any gold coin or bullion, oi
which tho person making such contract
shall not, at the time of making the same
be IN actual possession. And it shall be
unlawful to make any loan of money or cur.
rency 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 cur
roncy othor than coin.
Section 2. And bo IL further enacted,
That it shall bo further unlawful for any
banker, broker, or o,bor person to make any
purchase or any sale of any gold coin OF
bullion, or of any sale Of foreign exchange
or any contract for any such purchase ol
sale, at any other place than the ordinary
place of business of either tho seller ol
purchaser, owned or hired and occupied BY
him individually. or by partnership o.
which he is a momber.
Section 8. And be 10 further enacted
That all contracts made 10 violation of this
act shall DO absolutely void.
Section H. Aud be it further enacted,
That any person who shall violate any pro-
vision of this &C. shall be hold guilty of q
misdomoanor. and, on conviction thereof
DO fined in any sum Of not less than $1,000
nor more than $4,000, or be imprisoned
for poriod of not less than three month";
nor longer than one yenr, or both, at thu
discretion of the Court, aud shall likowis'
be subject to penalty of $1,000 for eacl
. offence.
Section 8. And be il further enacted
J That the penalties imposed by the fourtl
section of this act may be recovered in al
action at law in any Court of competent ju
risdicton, which action may be brought il
+ the name of the United States by any per
son who will sue for said penalty, one hall
for tho use of tho United States and the
other half for the use of the person bring
ing such action. And the recovery and So,
staction o! judgment in any such actor
shall be bar to the imposition of any fin,
, for the same offenso in any prosecution in
stituted subsequent to the recovery of sucl
/. judgment, bnt shall not be bar to tho in
@ Fiction Of punishment by imprisonment, Q
d provided by the fourth section.
n Section 6. And be it further euactet
d That all acts and parts of acts inconsister
= with the provisions of this act are hereb
. repealed.
Approved June II, 1864.
/ An Astonished japanese.