The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-28

law was SO changed mss o. permit the mint
10 remain in Philadelphia until ctherv.ist,
provided FOR by law
No issue or silver dollars WIS made. ...ar,,
the mint from lNT 20 1855. their coinage
having been suspended uy President Jeff-
eison, owing 60 The fact that the bull
ION value OF che silver dollar WIS great
ef tnan Its face value and 30 was be.ng
Ioueht Tor export The bullion value of
the gold coins was likewise found H. De-
sLeatei man their respective face values
-tl Sul4 coins were disappearing from
yllcuiation congress in 1854 reduced thc
MelsN OF gold coins from 2l1l To- ZAaJ
Grams OF pure sold 90 Tho dollar which
Itduced ll' relative value % gold and sill
Nel ln coina from - 90 10 l6o1 Go ].
a hummer OF changes in the laws rcg-
a.dtiHs the mint and the coinage were
ihaue pN AN act passed Jan. IS. ISL where
1y the standard Tor both GOld and silver
COINS was made uiuc-tCuthS pare metal.
'Nt diiul 4ot gold coins being silver and
copper ana Tor silver pure copper. The
sttNef uoltar was reduced in weight from
Ab 10 4l--a grains, and both gold and silver
COINS Wore declared 90 Dee legal tender
Ter al debts and Tor amy sum Whatso-
ever
Double eagles and gold dollars We're
authorized I'm 1919
IN order to provide coin suitable for
a thanae made iu the postal rates con-
srcas, lS'l authorized the coinage Of
the silver Scent piece.
The weishts OF the fractional silver
COINS We're reduced i'm 1888. amt their lee
gal tender qualities We're limited 20 So
The free coinage provision was s.. e lc d.
ca ass 10 silver offered for coiuaNC into
the fractional parts of a dollar By this
same law The s. sold piece Was ordered
struck at the mint.
The Scent silver coin seemed not to
have been suitable TO the public and
accordingly. ia 1850. a coin composed OF
copper and nickel was authueiZcd. The
outrage OF the DIG copper cent ana the
halt cent was discontinued in 1885, and
nickel cent aui noriZed. which. In turn.
was discontinued i'm 1864, TO give place to
the bronze cent of present issue. a bronze
2-cent piece was AT the same time rstab-
lished but its coinage was stopped in
1873. The Scent nickel coin was discnn-
tinued in 1881. The scent nickel was or
dered in 1906. The authorized minor coins
now are the scent nickel and the bronze
cent, the legal tender limit OF these be-
ing % cents
The next general revision OF the coinage
laws occurred By the act of congress pass
ed Feb. II, 1873, and is Familiarity known
as THE crime of 1913"
This revision of the laws relating to the
mints, assay offices and coinage OF the
United States made the mint bureau of
the treasury department. 1t had been di-
rectly under the control of the president
prior to the passage of this bill. The
coins authorized by this act were the dou-
bic eagle, eagle. half and quarter eagles
and S. and 81 pieces, Of gold; the trade dol
lar, half dollar. quarter and dime. of stl-
yer; tho 5-cent piece, the Scent and the
l-cent pieces. of base metals The legal
tender quality OF the silver coins was linz
tied to s., but this was subsequently raised
to $40. The standard silver dollar had
weighed 4l212 grains, but in the trade dol
lar the weight was increased TO 40 grains.
The gold dollar was made the standard
Of value, and the free coinage provision
which had stood on the statute books up
to the passage Of this act was dlscontn-
ued as to silver bullion, excepting as 10
the trade dollar.
In ESQ the coinage Of the 2O-cent silver
piece was authorized, but this was discon-
tinued in 1878. The m,ntage charge for
gold was removed in the same year.
Congress, by Joint resolution In 1876. dis
continued the legal tender quality of the
trade dollar and empowered the Secretary
of the Treasury TO limit its coinage TO tho
export demand for that coin The coin
age of the trade dollar was discontinued
and the coin was redeemed by an act pass
ed in 1887.
The resumption Of the coinage Of thu
standard silver dollar was authorized N
1878, the Secretary OF the Treasury he
ing authorized to purchase silver bull
ion at market value TO the amount Of no
less than 100000, and not more thar
$4,O00000, each month. In 1880 the amour
to be purchased was placed at $500 0g
ounces monthly, and, in payment of sucl
silver purchases, treasury notes redeema
BILE in coin were authorized OF silver SC
purchased, 100000 ounces were ordered
coined each month until July ], 1891, ant
after that time only enough silver was
to be coined as might be necessary e
provide for the redemption of the treas
ury notes issued In payment Of silver pur
chased. After July J. 1891, limited mum
Der of silver dollars was struck each year
up TO 1898, since which time only, a few
proof coins have been issued In Novem
Der 1893, the purchasing clause of the ac
Of 1890 was repealed.
The coinage of the SO and 81 gold pieces
was discontinued I'm 1890
In commemoration of the Columbian
Exposition in Chicago, a silver half-doi
lar, known as the columbian half-dol
lar." was authorized to the extent of 5000,
coo pieces, and given as a specific appro
priation by congress in aid of the exposi
ton. The appropriation to the board Of
lady managers of the worlds fair was
likewise given through a silver coin
known as the Columbian quarter-doi
lar" of which 10000 pieces were author.
lied. These two coins are legal tender or
the same basis as are the other author
lied silver coins.
The total value Of coins Of each demon
nation issued up to Dec. 81, 1893, is as fol
lows: