Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1878-03-30

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tkis latter night 90 Congress .
Nos Commences the history Of the
dollar under the present govern
ment.
The act Of April ID. l192, pro-
vides for " dollars, or units" which
shall contain 371. p grains Of pure,
or Al. grains Of silver standard sill
yer. Il also declares that every if
teen pounds weight Of pure silver
shall be Of equal value in all pay
ments with one pound weight Of
pure gold; that the money account
in the United States shall be ex-
pressed in dollars, or units" and
decimals thereof. It creates gold
coins, which are enumerated as fol-
lows: eagles, half eagles, and quar-
ter eagles, the value of which it ex-
presses in "dollars or units" It
does not provide for q gold dol
lar.
The act of February 9th, 1893,
declares that all foreign coins except
Spanish milled dollars shall cease TO
be q legal tender.
The act Of ApfA 10. 1906. estab-
lished rates at which certain, for
eign gold and silver coins shall pas
current - money and b legal tan
der for the payment Of debts.
The act OF June 25th, 1884, makes
tho s;lvar dollara of Mexico. Peru.
Chill, and Central America q legal
tender when weighing 4l5 grains
each.
The act of January 18th, 1887,
provides that "The standing OF both
gold and silver coins of the United
States shall hereafter be such that
of one thousand parts by weight
nine hundred of alloy, and the alloy
of the gold coins shall be copper
and silver, provided that the silver
do not exceed one-half the alloy"
It then fixes the weight of the sill.
ver dollar at 4l2a grains 800 fine,
and the subsidiary silver coins in
proportion, to-wit: dime Alt grains.
It then declares that all the silver
coins, from dollars to half dimes
shall be legal tenders Of payment &C.
cording to their nominal value tor
any sums whatever, after which it
makes the same provision respecting
the gold eagle, and quarter eagle,
that they shall be a legal tender for
all sums.
The act of March Sd, 1849, provid-
ed for the first coinage of two gold
coins, the double eagle and the gold
dollar, both to be q legal tender for
all sums, and to be of twenty dol
lars of units" and "one dollar or
unit" This is the first gold dol
lar.
The act of March Sd, 1871, created
new silver coin to be of the legal
value OF three cents. and to be le-
gal tender for all sums Of three cents
and under.
The oct Of February 81, 1853. TO
duces tie weight Of the subsidiary
silver coins from the half dollars
down, and limits their legal tender
function 10 sums not exceeding hve
dollars- II also creates . new gold
coin, 10 be of the value of thres
dollars of unifx-
The srs q February n. 1857, re-
peal< oil form<r arts WHICH na<ie sll
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