The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-16
with the same date of last

years
Bank coin and bullion. fls, *. 77s 4l4, 7s5
Bank reserve OF notes.. 5s@4 205 7,55l,4l0
Rate Of discount -. ~ Q fr cent per cent
Price of consols. S6A sl%
Respecting the recent failures in Philadelphia the
Ledger OF To-Day aemarks:-
The share viarket was good deal disturbed by the
announcement * ths failure OF Work, McCou a NO,
Work, Gro,nam Co.. and r. \. Raey, all bankers, and
each OF The three houses doing large business. Inc
nrst MINED Arm Is well-esabshed house, and has ever
enjoyed excellent credit It's Western banking business
his been large, the company OF the urn beng me
wealthy and well known bankers Kramer hahm, al
Pusbirg Tie failure was brought about by specua'
tous mainly in Hesionvllie Railway shares Their &C
counts yore good deal unsettled yesterday, and the
e.nnnn, OF deficit on their liabilities not
ascesfaned. AZ the close Of the day the OK.
ablo to so arrange their liabilities as TO resume
business in short time The business of the firm Of
MOy .cess and The credit Of the house has ben more
less impaired by unsuccessful operations for some time
p Tss ssy c ala
business and the street enjoyed fair credit His fa
ure probably attributable 70 carrying stocks for ms
customers the money Of deposors for which he paid
interest
The traffic of the Atlantic and Great Western Railroad
for March, 1865, amounted S3SS, $50
Decrease this $ll,39o
The receipts OF the Western Union Railroad FOR the
hst week in May this year were So l9 in excess of those
fer tho corresponding pcred in 1865 The receipts Of
she road from January May T. ls6e were. s17sS7s
Cores ponding Rod in 1885. lG6 1l9
Increase this ...~........,........... S5s559
The following is the t.xt Of the Sill which passed tho
House OF Representatives yesterday Senate amdmenn
concurred in) authorizing tho coinage OF ave cent
pieces
Be it enacted by me Senate and House os1epresenta-
tves o. the United States OF America inIopgress
smbled That sson as AFTER te passage Of
az
States five CEN piece, composed n copper and Nickel
in such propositions nes exceeding twenty-five per
Of the mint the standard weight Of which shall be sixty
amcnded IN Senate Mey III by striking out the word
de ovation than four amended in Senate, May IL by
striking out four ard inserting o' grains to each
piece and tho shape notices and devices OF safe coin
shall be determined ~ the director the mint with the
approval of the ecrctary Of the Treasury; and tho law
now in force reang to the ccssge OF cents snd pro-
appropriate duesof the officers of the mint anc the Sec
rearyof the Treasury be- apdthe same are hereby ex-
tended to the coinage herein crowded for
SEC. q And BIC II further enacted That all laws now
relating the II the United States and the
esue be extended to the coinage herein authorized
whether said laws penal otherwise, ftr the secur
y Of the COIN regulating and guarding tine process on
tereitin or for any other purpose And tho director oil
the mint shall prescribe suitable regulations TO ms IRE
due conformity TO the required weights and proportions
OF alloy In the sud CON- and shall order trials thereof to
be made from time to time by the s5er Of the MINT
SEC. And be 1t further enacted That said coin shall
be legal tender in any payment to thc amount OF ono
dollar And It shall be lawful to pay out such CONS in
exchange the lawful currency Of tho United States
Except cents half cents, two cent pieces issued
under former acts Of Cougrc s in suitable sums by the
OF the mint and by such other repositories as
the Secretary Of the Treasury designate and Under
general regulations approved by the Secretary OF the
Treasury And under the like regulations the may
exchanged in suitable for any law ul currency
OF the United States and the expenses incident such
exchange, distribution and transmission may oc paid
OF the profits Of sad coinage and the net PROFITS OF
said image ascertanrd In the manner prescribed in
second section Of the act entitled An act relating TO
foreign coins and the coinage ~ cents At the Mt OF the
United states approved February 2l 1867, shall DO
| transferred to the treasury Of the United Staes Pro-
vded that from aud after the passage Of this act
issues Of fractional notes OF the United States shall be o
less than cents; and nll snch issues
time outstanding SHALL when paid into the rea
sury Gpy designated depository Of tho United States
redeemed ex hanged as now provided by law, be
1 retained and cancelled
| SEC And DO further enacted, That " rerson
persons not lawfully authorized sha knowingly make,
ISSUE or pass or he made issued, passed.
aid IN the making, issuing passing any cin card
intended to pass b. passed. as money for the coin au
horzcd by this act coin Of equal value such
son or persons shall be deemed guilty OF
and SHALL on conviction thereof be punished by line
| not exceeding thousand dollars, and b. inpr son.
ment for term not exceeding five years. at tho discre-
| ton OF the court
SEC And be It further enacted, That It shall be law.
full the and the several assistant tr asurer
of the United States redeem In national currency M
der such rules and regulations may oc pr scribed by
the secretary OF the Treasury the coin herein authorized
| one hundred dollars.
Originally passed the House Of representatives April
| 10, 1860.
Tho bill has now passed both Houses Of Congress- ard
requires only the signature Of the President to become
law.