The New York herald., 1870-04-16
INTERNATIONAL COINAGE

The growing commercial intimacy OF the four
great nations, England, France, Germany and
America, has revived the project OF q system Of
International coinage which will enable an easy
transmutauon or the values Of one country into
those OF another. 1t has been already shown that
the American dollar the French i've francs, the Ger
man thaer and the English crown are so nearly
equal in the round amount Of value as to be easily
asslmialed to an exact standard by slight changes
In their coinage. AS q step towards this much de-
sired end OF an international system the following
bill has been introduced in Congress by Mr.. Hooper,
OF Massachusetts,
Be 1t enacted by the Senate and House OF Repre-
sentatives Of the United States OF America in Con-
gress assembled That the gold coins OF the United
States shall be nine hundred parts line In one tnOu
The weight OF the gold coin OF five dollars snail
be hundred AND twenty -four and nine-twentieths
naIons OF gold coins shall be In proportion thereto.
The weights to be used at the mint and branch mints
he Troy Weirnts or Inetrcal grain Weisnts or botn.
a. the Secretary OF the Treasury may drect.
SRC And be 1t further enacted, That no ingots OF
god OF which the quality differs from the stanuard
twO-thOusandths shall be used for coinage.
In adjusting the weights OF gold COINS the following
variations rom the standard weight shan not be
grain the double eagle, the eagle and The hall
eagle, and 0ne.quarter Dof grain In the quarter.
pieces together. when delivered from the chief
to ana from tue treasurer to the
ucpOslIOIS bne vdrldtlOu TOiu Tile bt1uudiu WeiSuIo
shall not exceed three pennyweights IN one tn0u-
sand double eagles, Two pennywel2hts In one t1ou-
sand eagles, one ana han penny Welgnt In
one thousand half eagles and Ope-haH OF penny
weight In one thousand gold dollars Eacn coin snail
bear the impress OF It's date and value. the devices.
legends and diameterS Of the SAID coins shall bo
established BY the director OF the mint. Win the ap
probation Of the Secretary OF the Treasury but such
devices and legends must be plainly distinct from
those now In use
SEC 3. And be It further enacted, That the gold
coins issued under this act shall be legal tender III
all payments on any debt, pubic or private, con
also any such debt contracted before the LIST day
or January next by adding three anu 0ne-half per
centum the amount to be rendered Ia payment on
the class Of debts last mentioned.
coins OF any foreign nation which may conform IN
weight and nenes5 to the coins authorized by this
saali be legal tender provided IN the pre-
ceding section. And IL shall be The auty OF the Com.
month or February In each year, test zach COINS
OF each denomination thereof the director or the
mnt stall submit to them for that purpose: and II
greater variation than Is allowed by TINS shall be
foreign coin, the secretary OF the Treasury snail
have power to suspend the rlghL Of legal tender IN
such denomination OF CON- F
SEC. g. And DC It further enacted that as soon az
tins act taxes effect the Secretary OF the Treasury
snail publicly declare the rates which tine coins
OF the United Staes and OF foreign countries now
current suall be reckoned for The use or the Trea
sury and Of the custom houses ana such rates shall
| be fixed according to estimates furnished by the
l director OF the mint.
SEQ 6. And be 1t further enacted that any golC
CONS OF the United States brought the mint III
branches Tor rec0inage shall be received by weight
Those which SHAH have been lssaed as nine ten h.
fine snail he SO recelved but all others shall be re
! ceved Dy assay. U N4 rt.gl l4iH
SEC Z. And be It further enacted, That The fore
NDg proVIslons oI tuis acG shall take eject On IA