Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-06-27
Coinage Laws of the United States.
NUMBER II.

NUMgERII.
From the St. Louis Journal Of Agriculture.
In our last issue we considered tit
provisions of the general coinage Law
passed by the first congress of the
we will briefly review all the coinage
acts between February. 1892, and the
general coinage act of 1887. The sec
ond coinage act of the first United States
congress was passed May 8, 1892. L
simply provided for the purchase o
copper by the United States mint to be
coined into cents and half cents. Jan.
uary II. 1898, law was passed pro
viding that the copper cent should con-
tain 20S grains of copper.
February 9. 1898, an act was passed
regulating foreign coins, making them
a legal tender and establishing their
value. etc. The gold coins of Great
Britain and Portugal were to be a legal
tender for all demands, at the rate OF
100 cents for every twenty-seven grains,
the gold coins of Spain and France at
the rate of 100 cents for every twenty
seven and two fifths grains; Spanish
milled dollars at the rate of 100 cents.
1t further provided that at the expira-
tion of three years that all foreign gold
and silver coins, except the Spanish
milled dollar, should cease to be le-
gal tender; and that all foreign coins
except the Spanish milled dollar when
received in payment due the United
States should be coined anew.
A law passed March 3, 1874, made
provision for receipting for metals at
the mint. An act passed March 3. 1895,
provided for additional mint officers:
that the treasury of the mint should re-
tain two cents per ounce of bullion de-
posit to be coined. 1t authorized Of
ficers to give preference to bullion OF
the standard of tie United States.
The president of the United States was
authorized to reduce the weight of the
copper coin, when he thought it to the
benefit of the United States. The
weight was changed by proclamtain
January 26. 1896.
By act of Congress, February l. 1898.
section of the law of February 9, 1898,
making foreign coin legal tender was
suspended for three years.
The act of April "a, 1900, authorized
the purchase of copper equivalent to the
amount of cents and half cents coined
to March, 1899. An act of
March 3, 1901, directed that the mint
remain at Philadelphia until March,
1903. An act of March 3, 1903, contin
ued in force act OF March, 1901, for
five years.
An act of April 10, 1906. regulated
the legal tender value of foreign coins
in the United States, and continued
their legal tender quality for three
years from April 10, 1906. An act of
April 81. 1906. provided for the pun
shment of counterfeiting foreigns Or
domestic coins. By act of April l,
1903, the mint was continued at Phil
adelphia Eve years longer. December
?. 1903. continued the mint at Phila-
lelphia another five years.
An act of April 30, 1916, provided
hat several foreign coins should at the
of three years, from the pas
sage of the act, cease to be legal ten
lers in the United States. By act of
January IA. 1918. the United States |
mint was continued at Philadelphia
another five years.
Act of March 3. 1919, continued gold
coins of Great Britain and Portugal as
egal tender till the following Novem- |
Der; and foreign silver coins were cor
.inued as legal tender two year longer.
Act of March 8. 1921, continued the
legal tender qualities of French coins
'or two years longer. Act of March 3,
1928, continued the mint at Philadel- |
phia for another five years. and pro-
vided for deductions as charge for re-
lining or allOying silver bullion. Act
Of March 23. 1888. provided that the
French five-franc piece and crown
should continue as legal tender in the
United States for two years longer.
The act of March 3, 1928. provided
that gold coins of Great Britain, Por-
tugal, France and Spain should be re-
ceived in the United States in all pay
nents on account of public land.
By act of May 10, 1928, the mint was
continued at Philadelphia another FIVE
years. The brass troy weight was es-
.ablished as the standard troy pound of /
he mint. The director of the mint
vas authorized to assay bullion not in
sended for coinage at such rates of