The advocate. [volume] (Topeka, Kan.) 1894-1897, 1896-02-12

fGSpSCGlV9 VALUES uoG0AuudAOEo Wo-
clsFed, and those of less than full
weight at values proportional to their
respective weights.
"All the rest of the act relates to de-
tails. The points to be particularly
noted with respect to the provision of
this law are
al. That the unit of value Is a dol.
lar
"2. That the unit is to be represent
ed by q coin which shall contain S7l4
grains of pure silver with copper alloy
equal to q little more than one-ninth
part in weight Of the whole coin, and
that its value shall be Of the value Of q
coin then In general CirCUlation-the
Spanish milled dollar.
"3. That certain gold coins repre-
senting multiples Of the unit, with
Certin silver coins representing decimal
parts Of the unit, were provided for,
and that each of them and all of them
are made lawful tender in all pay
ments whatsoever according to their
respective weights, measured by the
standard Of value given In the law.
"a. That any person or persons may
take gold or silver bullion to the mint
and have 1t made into any of these
coins free of charge.
"5. That the proportional weight of
gold and silver coins, according to
value, shall be Of gold to Is of silver.
''6. That the weight of pure metal
in the coin, and not the name of the
coin, is to be the standard of its value;
that is to say, "a dollar then had GER
tain value, not de6nable, to be sure,
yet a MISUNDERSTOOD meaning In esti-
mating values of commodities; and this
value and It's mUltiples to be repre-
sented by certain weights of pure sill
YER and pure gold when put in4he form
of coins prescribed In the law. If
from abrasion the coins fell below
standard weight their value was les
sened accordingly.
"By section ! of the act Of Febru.
airy 8, 1893, the values Of foreign gold
and silver coins then circulating in the
United States were regulated, and at
such valuations were to be legal ten
der. Section 3 Of the same act pro-
Vided that foreign coins received by
the government for moneys due the
United States after our own mint began
coming money should be recoined into
United States money, according to our
law Of April 2, 1892"
Other acts of q similar character
were passed April 10, 1906, April 20,
1915, March 3, 1919, March 8, 1921,
March 3, 1923, and June %, 1884.
"By the act Of June %, 1884, the
weight Of pure metal in our gold coins
was reduced about per cent.
"The same day another act was passed
regulating the value of foreign gold
coins, and on the 18th Of January, 1887,
the standard of the metal in our gold
and silver coins was altered by reduc-
ing the quantity Of alloy.
"Free and unlimited coinage Of both
metals was provided for in section IA
of this act, as follows:
"SECTIoN IA. and be 1t further en-.
acted, That gold and silver bullion
brought to the mint for coinage shall
be received and coined by the proper
officers for the benefit of the depositor:
PrOUide1, That 1t shall be lawful to re-
fuse at the mint any deposit of less
Valuethsn 300 and any bullion 30 base
as to be unsuitable for the operations of
the mint: and pro0ided also, That
when gold and silver are combined, Ii
either Of these metals be in such small
proportion that it cannot be separated
adVantageously, no allowance shall
be made to the depositor for the value
of such metal.
"By section IS of the same act 1t
was provided that the only subjects of
charge by the mint to the depositor'
shall be for asssying and refining met
ais below standard.
"Msrch 3, 1843, the values of foreign