Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1893-09-07

! Boston Advertiser, any person could take
| to tho mint gold or silver bullion to be coin
ed into lawful money, and, whom coined,
could receive coins OF the same species
OF bullion, weight for weight of the pure
gold or silver coAtoined therein. The stand
ard for gold was II parts pure gold to one
part alloy, and for silver 14e5 parts pure
silver to l79 alloy.
Therefore, the mint retained ons-twelfth
of the pure gold and little more than one
ninth of silver toward the expense of the
alloy and coming and in addition deduc-
/ ton of one-hslf per cent was to DO made in
case of immediate delivery of coins for bull
lion. The ratio OF gold to silver was 10 to
|. Both gold and silver coins were to De a
lawful tender for all payments.
BY the law of March 8, 1895, the treas
urer of the mint must retain TWO cents per
ounce from every deposit OF silver bullion
telow the standard and four cents per ounce
ON deposits of gold bullion below the
nrdsrd, and if far below to require
tho to5t, six cents per ounce for melting. re-
fl ing and coming
by the law OF April 81, 1870, tboro was
to be- retained from every deposit in the
mint of gold or silver bullion bslow the
standard such sum should DO equiva-
lent to the expense incurred in refning the
same
By the law OF May, 1928 it was provided
that when silver bullion required the opera
ton OK the test the expense of the materials
employ ed in the process, with a reasonable
| allowance for the wsstege should bs re
tanned from each deposit.
by the law of June 2S 1884, a deduction
of one-haf per cent was to be made from
ell standard gold and silver depos,ted for
coinage, il paid Tor in coin within five days
from the making Of such deposit.
( by the law OF January Is, 1887, the
standard gold and silver coin was to he
/ nine-teuths pure metal and one-tsnth alloy,
and ali gold and silver coins were to be
I legal tender of payment for any sum what
ever.
The dollar weighed 412 12 grains
The only subjeots of charge by tho mint
TO sbe depositer were the following:
For refining when the bullion was below
standard; for toughening; for copper used
for alloy when the bullion was below stand
ard; fer silver in the alloy OF gold and for
separating gold and silver whom these metals
existed together IN the bullion; and the rate
of these charges was to be fixed so as not to
exceed tbs actual expense 10 the mint OF the
material and labor.
BY the law OF February 81, 1853, tbs
weight OF the half dollar was reduced from
2O8t to 1872 grains and other lesser silver
coins in the same proportion and thess were
m ade legal tender in payment Of debts not
exceeding IS.
No private deposits for coinage with
these coins were TO be received at the mint,
and the director Of tho mint was authorized
| TO purchase bullion for such coinage and to
| exchange such coins for gold coins at par 10
sums not less than $780,
In all When GOLD or silyar de-
posted to be coined, there was to be
charge made for refining or parting the
metals of / of per cent
BY the law OF February II, 1873 tho
weight of the trade dollar as to he 420 grains,
| while the old dollar was 4l24 grains. The
| weight of the half dollar was to be 70 l-2
grams, equal to about 1913 75.l00 grains,
while the old half dollar was 1904 grains,
and then later. 1872 grains. These silver
coins wero to be legal tender for SIS.
Silver bullion could be deposited to be
c9iued into trade dollars and for no other
coin.
Gold bullion could be deposited to be
coined into coins for the benefit of the do
positors.
The officers of the mint were authorized
to purchase silver bullion for the coinage Of
silver coins Of less than 81.
The charge for converting standard gold
| bullion into coin was to be one-fifth OF
per cent, and for converting standard silver
INTO trade dollars; for melting and refining
for toughenng; for copper; for alloy and
for separating gold and silver to equal the
average cost of tho material, labor, wsstage
and uss of machinery.
Silver coins Except trade dollars were to
be exchanged for gold coins at par In sums
not less than 800.
BY the law OF January a. 1875, no
charge was to be made for converting stand
and gold bullion into coin.
BY the law Of July %, 1877, ths trade
dollar ceased to be a legal tender
BY the law of February 30 1878, silver
dollars of tho weight of 4l2t grains were
made legal tender for all debts and dues ex-
cept when otherwise expressly stipulated,
and tho secretary of the treasury was au-
thorized to purchase silver bullion at the
market price not less than 81, 600, 600 worth
per month nor more than "a coo, 900 worth
to be coined into such dollars
by the law OF June g. 1879, silver coins
OF less than 81 were msdo egsl tender in all
sums not exceeding $40, in full payment of
all dues, public and private.
BY the law OF July II, 1890, the secrs-
tary Of the treasury was directed to pur-
chase silver bullion at the market price to
the amount of 4. oUO, 600 ounces or 30 much
thereof as might be offered per month, and
to issue in payment thereof treasury notes
of the United States, said treasury notes to
be legal tender IN payment of all debts, pub
lie and private, except whom other wise ex-
pressly stipulated In tbs contract and tho
secretary was also directed to coin as much
Of such bullion as might he necessary for
the redemption OF such notes, and the act
requiring the monthly coinage Of from
-, OOO. 600 to a, 600, 600 was repealed.
1t will thus he seen that at no tins since
the organization OF this government has
| st..s.l,n A. NuJoE R.a~..