The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-08-08
COINAGE LEGISLATION.
c+ate Senator Haston Traces
I~ ,ne Development Of Silver
and Gold.

f'' ,. ,bis time, when the discussion
che silver question is SO proml.
.. .nt the following brief synopsis
u ~ the legislation of congress in
'. TO the coinage of gold
sS silver should be interesting and
instructive
The first law of congress was the
at of April ., 1892, over 100
s az, ago, entitled can act estab
i;shipc mint and regulating the
ao;ns of the United States. "
Smopc other things it provided:
uSec. 0 That there shall be from
limo TO time struck and coined at
%e said mint coins of gold, silver
nd copper of the following de-
.omipatons, values and descrip.
t;on. viz: Eagles-each to be of the
r.lue Of ten dollars or units, and to
contain = Il grains and four-eighths
n a grain of pure or 27O grains of
tsndard gold" land half eagles and
rusrter eagles to contain half and
ousrter the amount of gold, and
bese were the only gold coins pro.
tided for) "Dollars or units
zach to be of the value of the Span
sb milled dollar as the same is now
turrent, and to contain 81 grains
Ind four.sixteenths parts of grain
bf pure or 4l6 grains of standard
liver" land also provided for coin.
no half dollars, quarter dollars,
bismes ana half dismes, to contain
espectively one-half one.fourth, one
Zenith and one-twentieth as much
liver as the dollar or unit.
"Section IL. That the proper
ional value of gold to silver in all
oins which shall by law be current
money within the United States
hall be as l 3 to /, according to
1antity in weight of pure gold or
bure silver, that is to say, every Is
pounds weight of pure silver shall
e of equal value in all payments
Fith one pound weight of pure
odd, and so in proportion as to any
reater or less quantities of the re-
peCtive metals"
Section II provided that gold
PIN should have ii parts pure
Nd TO one part alloy of silver
b copper, and the silver not to be
bre than half.
Section Is provided that silver
Inns should have l,4s5 parts silver
40 parts alloy, the alloy to be
PIPER.
In February, 1893, an act was
ssed regulating the value of
reign coins, which provided that
|anish milled dollars of not less
plight than II penny weights and 7
aims should be legal tender in
yment of all debts and demands
the rate of 81, and in proportion
the parts of dollar.
4 The act of June IS, 1884, con-
ming gold coins, provided that
gold coin should contain metal
follows: Each eagle shall contain
grains of pure gold and 25s
inns of standard gold, and the
eagle and quarter eagle shall
ltaln half and one-fourth said
cunts, and shall be legal tender
en- of full weight for $40, So aud
90 respectively, and when of
weight in like proportion.
isre ii will be noticed the weight
'he gold coins was reduced, and
since remained of the weight
clned in the law of 1884.
ne act of January IS, 1887,
|'iaued the gold coins as above
provided that the silver dollar
ald be of the weight of 4l24
ins' and the ha'f dollar, quarter
iaf' dime and half dime should
~ proportion thereto, and that
u gold and silver coins should
VI nlnetenths pure metal and
tenth alloy, and that all such
ls when of full weight should
,.gal tender of payments accord
W Their nominal value for any
S,s whatever.
"a ne act of March 3, ls49, pro.
~ LOT coming the double eagle
~ pne,dollar gold piece. This
we hrst time the gold dollar
aulhorlzed and introduced into