The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1896-08-04

One,
1912 Chapter xvi. An act estab-
fishing mint, aud regulating the coins
CT ti,e UHited States.
Section 9. And be it further enacted,
That there shall be from time to time
struck and coined at the said mint, coins
Of gold. silver, and "copper" of the fol
lowing denominations, viz: Iagles-
Eaoa to to Of the value of $40 or units,
ard to contain 24.7 grains Of pure or q
grains of standard gold. Dollars or
nnits-Eaeh to be Of the value Of Span
ism miIled dollar. as the same is now cur
rent. and to contain 81 grains and 4-16
parts Of grain Of pure, or 4l6 grains
Of Standard silver.
see. II. And be it further enacted.
That tbs proportional value of gold and
silver III all coins which shall by law be
uurreut RS money within the United
states, shall be as fifteen 80 one, accord
Ing TO quantity in weight, OF pure gold
or pure 3 silver; that 10 90 one
pound Weight Of pure silver shall be Of
equal value in all payments to lone
pound Of weight of pure gold, and so IN
proportion as TO any greater or less QUE n
tity of the respective metals.
Beo. IL. And pe i6 further enacted,
That the standard for all gold coins OF
the United States shall be eleven parts
Gne 60 one part alloy; and accordingly
that eleven parts in twelve of the entire
weight of eRoh of the said coins shall
consist of pure gold, and the remaining
one,tWelfth part Of alloy and the said al
lay snail be composed OF silver and cop
pel, in sach proportions not exceeding
oae-half silver as shall be found oonve-
Dient to ps regulated by the director of
the mint for the time being, with the
appreciation Of the President of the
United States until further provision
shall De made by law.
Sec. IS. And be it further enacted,
Thsa the standard for all silver coins of
the Ubdted States shall be 14S5 parts fine
to i7e parts alloy, and accordingly that
1875 parts in 1854 parts Of the entire
weight of each said coins shall consist Of
pure silver, and the remaining l79 parts
efalley; which alloy shall be wholly of
cooper.
That 10 shall be lawful for any person or
parsons to bring to the said mint gold
and bullion in order to thsir being
coined; and that the bullion SO brought
shall be there assayed and coined as
speedily as may be after the receipt there
OF, and that free. of expense to the
person or persons by whom the same
SHAH have been brought. And as soon
as the said bullion shall have been
coined, the person or persons by whom
the same shall have been delivered shall,
ubon demand. receive In lien thereof
coins of the same species of bullion which
shall have been SO delivered, weight for
weight of the pure gold Or pure silver
therein contained; provided, neyerthe-
less that 1t shall be at the mutual OPP
tion Of the party or parties bringing
such bullion, and of the director eft said
raint to make an Immediate exohange
Of coins for standard bullion, with de-
duction OF one-haif per cent. from the
weight of the pure gold, or pure silver,
contained in the said bullion, as an in
identification to the mint for the tins
which will necessarily De required for
coming said bullion, and for the advance
which shall have been so made in coins.
Sec 10. And be il further enacted,
That all the geld and silver coins which
shall have boon struck at and Issued from
the said mint, shall be lawful tender
in all paynl ents whatsoever, those Of full
weight according TO the respective
values herein before declared, and those
portional to their respective weights.
Sec. 20. nd be ii further enacted
that the snoney of account of tia United
States shall be expressed in dollars or
units, dimes or tenths, cents or hum
dredtBa, and mills or thousandths, q
dime being the tenth part of dollar, a
cent the hundredth part of q dollar, a
mill the thousaRdth part of dollar, and
that all accounts in the public offices and
all proceedings in the courts of the
United States shall be Kept and had In
conformity to this regulation.