The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-08-09

! Sec. IA. That the gold coins of the
United States shall be a 81 piece,
which, at the standard weight of
twenty-five and eighteenth grains,
shall be the unit of value; quarter
eagle, or $3.50 piece; a So piece; an
eagle, or $40 piece, and a double eagle,
or $40 piece. And the standard weight
of the gold dollar shall be twenty-five
and eight-tenths grains; OF the quarter
eagle, or $3.50 piece, sixty-four and
half grains; of the So piece, seventy
seven and four-tenths grains; of the
half eagle, or So piece, 129 grains; of
] uhe eagle, or SO piece, 258 grains; of
the double eagle, Or $40 piece, SIG
grains, which coins shall be a legal
tender in all payments, at their nom
inal value. when not below the stand
ard weight and limit Of tolerance pro-
Vided in this act for the single piece,
and when reduced in weight, below
said standard and tolerance, shall be a
legal tender at valuation in proportion
to their actual weight; and any gold
coin of the United States, if reduced in
weight by natural abrasion for more
than one-half of 1 percentum below
the standard weight prescribed by law
after a circulation of twenty years, as
shown by its date of coinage, and at
ratable proportion for any period less
than twenty years, shall be received at
their nominal value by the United
States treasury and its offices, under
such regulations as the secretary of
the treasury may prescribe for the
protection of the government against
fraudulent abrasion or other prac-
tees; and any gold coins in the treas
ury of the United States reduced in
weight below this limit of abrasion
shall be recoined.
Sec. Is. That the silver coins of the
United States shall be a trade dollar, a
half dollar, or 50-cent piece, a quarter
dollar, or 25-cent piece, a dime, or 10
cent piece, and the weight of the trade
dollar shall be 420 grams troy; une
weight of the half dollar shall De
twelve grams (grammes) and one-half
of a gram (gramme); the quarter dollar
and the dime shall be respectively one
half and one-fifth of the weight of said
half dollar; and said coins shall be
legad tender at their nominal value for
any amount not exceeding IS in any
one payment.
Sec. 16. That the minor coins Of the
United States shall be a. scent piece, a
3-cent piece and a 1-cent piece, and the
alloy for the and Scent pieces shall
be of copper and nickel, to be COM
posed of three-fourths copper and one
fourth nickel. and the alloy of the l.
cent piece shall be 95 percentum Of tin
determined by the director of the mint.
The weight OF the piece of 5 cents shall
be seventy-seven and siXteen-hun-
dredtlls grains, troy; of the Scent piece
489 grains, which coins shall be
a legal tender at their nominal value
for any amount not exceeding % cents
in any one payment.
Sec. II. That no coins, either of
gold, silver, or minor coinage, shall
hereafter be issued from the mint other
than those of the denominations,
standards and weights herein set
forth.
CThrs standard silver dollar was omit
ted from the list given in section IS.
It was claimed that this was done by
fraud. This was the so-called crime of
1879
Sec. 81. That the owner of silver
bullion may deposit the same at any
mint, to be formed into bars or into
dollars of the weight of 400 grains,
troy. designated in this act as trade
dollars; and no deposit of silver for
other coinage shall be received; but
silver bullion contained in gold de-
posits, and separated therefrom, may
be paid for in silver coin, at such valu-
alton as may be- from time to time
esta blished by the director of the
mint.
Sec. 25. That the charge for convert
ing standard gold bullion into coin
shall be one-ffth of per centum, and
the charges for converting standard
silver into trade dollars, for melting
and refining when bullion is below
standard. for toughening when metals
are contained in it which render it
unfit for coinage, for copper used for
alloy when the bullion is above stand /
ard, for separating the gold and silver
when these metals exist together in
the bullion, and for the preparation of
bars, shall be fixed from time to time
by the director, with the concurrence of
the secretary of the treasury. so as to
equal but not exceed, in their judg
ment, the actual average cost to each /
mint and assay Office of the material, |
labor, wastage, and use Of machinery |
employed In each of the cases afore-
mentioned.