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CHAP. LV.-AN ACT TO ENABLE THE SECRETARY OF THE TREASURY April 11, 1876. TO PAY JUDGMENTS PROVIDED FOR IN AN ACT APPROVED FEB
Vol. XIX, p. 32. RUARY FIFTEENTH, EIGHTEEN HUNDRED AND SEVENTY-SIX, ENTITLED “AN ACT PROVIDING FOR THE PAYMENT OF JUDGMENTS RENDERED UNDER SECTION 11 OF CHAPTER 459 OF THE LAWS OF THE FIRST SESSION OF THE FORTY-THIRD CONGRESS.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Judgments of Secretary of the Treasury, for the purpose of paying the court, sale of
bonds for pay. judgments provided for in an act approved February fit- ment of. teenth, eighteen hundred and seventy-six, entitled "An act providing for the payment of judgments rendered under section eleven, of chapter four hundred and fifty-nine of the laws of the first session of the Forty-third Congress," is hereby authorized to convert into coupon-bonds, and to se'l, after five days' notice, so many as may be necessary for this purpose of the five per centum registered bonds of the United States now held subject to the disposition of Congress under the provisions of the act approved March third, 1873, ch. 261, vol.
17, p. 601, ante, p. eighteen hundred and seventy-three, chapter two hundred 107 and sixty-one. SEC. 2. That so much of section fifteen of the act approved 1874, ch. 459, s.
15, ante, p. 142. June twenty-third, eighteen hundred and seventy-four, chap. Repealed. ter four hundred and fifty-nine, as conflicts with this act, is hereby repealed.
Approved, April 11, 1876.
CHAP. LXIII.-AN ACT TO PROVIDE FOR A DEFICIENCY IN THE
Vol. XIX, p. 33. IN PLACE OF FRACTIONAL CURRENCY.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SEC. 2. That the Secretary of the Treasury is hereby Silver coins in directed to issue silver coins of the United States, of the fractional curdenomination of ten, twenty, twenty-five, and fifty cents of R. S., 3513,ante, standard value, in redemption of an equal amount of fractional currency, whether the same be now in the Treasury awaiting redemption, or whenever it may be presented for redemption; and the Secretary of the Treasury may, under regulations of the Treasury Department, provide for such redemption and issue by substitution at the regular subtreasuries and public depositories of the United States until the whole amount of fractional currency outstanding shall be redeemed. And the fractional currency redeemed reRedeemed car: under this act shall be held to be a part of the sinking-fund of sinking-fund.
23 Feb., 1862, s. provided for by existing law, the interest to be computed 5, ante, p. 46.
thereon, as in the case of bonds redeemed under the act relating to the sinking-fund.
Approved, April 17, 1876.
July 22, 1876. (No. 17.) JOINT RESOLUTION FOR THE ISSUE OF SILVER COIN. Vol. XIX, p. 215.
Resolved by the Senate and House of Representatives of the Silver coin to United States of America in Congress assembled, That the change for legal-Secretary of the Treasury, under such limits and regulations tender notes.
as will best secure a just and fair distribution of the same through the country, may issue the silver coin at any time in the Treasury to an amount not exceeding ten million
dollars, in exchange for an equal amount of legal-tender Notes to be notes; and the notes so received in exchange shall be kept as kept as a special
a special fund separate and apart from all other money in the Use of Treasury, and be reissued only upon the retirement and de
struction of a like sum of fractional currency received at the Treasury in payment of dues to the United States; and said
fractional currency, when so substituted, shall be destroyed 1876, v. 19, p. 33, and held as part of the sinking-fund, as provided in the act apante, p. 147.
proved April seventeen, eighteen hundred and seventy-six. Trade-dollar SEC. 2. That the trade dollar shall not hereafter be a nor to be legal
legal tender, and the Secretary of the Treasury is hereby Ante, p.93, s. 15. Coinageof, may authorized to limit from time to time the coinage thereof R. S., 3513, ante, to such an amount as he may deem sufficient to meet the
export demand for the same.
SEC. 3. That in addition to the amount of subsidiary sidiary silver coin authorized. silver coin authorized by law to be issued in redemption of
the fractional currency it shall be lawful to manufacture at the several mints, and issue through the Treasury and its several offices, such coin, to an amount, that, including the amount of subsidiary silver coin and of fractional currency outstanding, shall, in the aggregate, not exceed, at any time
fifty million dollars. Purchase of SEC. 4. That the silver bullion required for the purposes
of this resolution shall be purchased, from time to time, at
market rate, by the Secretary of the Treasury, with any Price limited. money in the Treasury not otherwise appropriated ; but no
purchase of bullion shall be made under this resolution when the market-rate for the same shall be such as will not
admit of the coinage and issue, as herein provided, without Seigniorage to loss to the Treasury; and any gain or seigniorage arising
from this coinage shall be accounted for aud paid into the
Treasury, as provided under existing laws relative to the Proviso,
subsidiary coinage : Provided, That the amount of money
Amount of sub
at any one time invested in such silver bullion, exclusive of such resulting coin shall not exceed two hundred thousand dollars.
Approved, July 22, 1876.
CHAP. XXIV.-AN ACT TO AMEND SECTION FIFTY-FOUR HUNDRED January 16, 1877. AND FIFTY-SEVEN OF THE REVISED STATUTES OF THE UNITED
Vol. XIX, p. 223. STATES RELATING TO COUNTERFEITING.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That R.; 5457
. [Ante section fifty-four hundred and fifty-seven of the Revised p. 139] Statues of the United States, be, and the same is hereby, amended so as to read as follows: Every person who falsely makes, forges, or counterfeits, Counterfeiting,
&c., coin, &c. or causes or procures to be falsely made, forged, or counterfeited, or willingly aids or assists in falsely making, forgiug, or counterfeiting, any coin or bars in resemblance or simili. tude of the gold or silver coins or bars which bave been, or hereafter may be, coined or stamped at the mints and assayoffices of the United States, or in resemblance or similitude of any foreigr gold or silver coin which by law is, or bere. after may be, current in the United States, or are in actual nse and circulation as money in the United States, or who passes, utters, publishes, or sells, or attempts to pass, utter, publish, or sell, or bring into the United States from any foreign place, knowing the same to be false, forged, or counterfeit, with intent to defraud any body politic or corporate, or any other person or persons wbatsoever, or has in his possession any such false, forged, or counterfeited coin or bars, knowing the same to be false, forged, or counterfeited, with intent to defraud any body politic or corporate, or any other person or persons whatsoever, shall be punished by a fine Penalty. of not more than five thousand dollars, and by imprisonment at hard labor not more than ten years.
Approved, January 16, 1877.
Feb. 28, 1878.
(PUBLIC_No. 16.) AN ACT TO AUTHORIZE THE COINAGE OF THE STAND ARD SILVER DOLLAR, AND TO RESTORE ITS LEGAL-TENDER CHAR. ACTER.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That Coinage of silthere shall be coined, at the several inints of the United States, silver dollars of the weight of four hundred and weight and twelve and a half grains Troy of standard silver, as pro
Ante, p. 11.
vided in the act of January eigbteenth, eighteen bundred thirty-seven, on which shall be the devices and superscriptions provided by said act; which coins together with
all silver dollars heretofore coined by the United States, of Legal tender. like weight and fineness, shall be a legal tender at their 3.30., 3586, ante, nominal value, for all debts and dues public and private,
except where otherwise expressly stipulated in the contract. Purchase of sil. And the Secretary of the Treasury is authorized and di.
rected to purchase, from time to time, silver bullion, at the market price thereof, not less than two million dollars worth per month, nor more than four million dollars worth per month, and cause the same to be coined monthly, as fast as so purchased, into such dollars; and a sum sufficient to carry out the foregoing provision of this act is hereby ap
propriated out of any money in the Treasury not otherwise Seigniorage to appropriated. And any gain or seigniorage arising from be paid into the Treasury. this coinage shall be accounted for and paid into the Treas
ury, as provided under existing laws relative to the subsidProviso.
iary coinage: Provided, That the amount of money at any one time invested in such silver bullion, exclusive of such resulting coip, shall not exceed five million dollars : And provided further, That nothing in this act shall be construed
to authorize the payment in silver of certificates of deposit Ante, p. 109.
issued under the provisions of section two hundred and fifty-four of the Revised Statutes.
SEC. 2. That immediately after the passage of this act, States to invite the President shall invite the governments of the countries composing the composing the Latin Union, so-called, and of such other other European European nations as he may deem advisable, to join the f-rence with the United States in a conference to adopt a common ratio beUnited States, to adopt a common
tween gold and silver, for the purpose of establishing, inratio between gold and silver,
ternationally, the use of bi-metallic money, and securing fixity of relative value between those metals; such conference to be held at such place, in Europe or in the United States, at such time within six months, as may be mutually agreed upon by the executives of the governments joining in the same, whenever the governments so invited, or any three of them, shall have signified their willingness to unite
in the same. Commissioners, The President shall, by and with the advice and consent how appointed.
of the Senate, appoint three commissioners, who shall attend such conference on behalf of the United States, and shall report the doings thereof to the President, who shall trans
mit the same to Congress. Compensation.
Said commissioners shall each receive the sum of two thousand five hundred dollars and their reasonable expen.
The President of the United
Coin to be held
ses, to be approved by the Secretary of State; and the amount necessary to pay such compensation and expenses is hereby appropriated out of any money in the Treasury not otherwise appropriated. SEC. 3. That any holder of the coin authorized by this Silver dollars
may be depos ted act may deposit the same with the Treasurer or any as- with
and assistant sistant treasurer of the United States, in sums not less than tro a surors, ten dollars, and receive therefor certificates of not less than Issue of certiften dollars each, corresponding with the denominations of cates of deposit. the United States notes. The coin deposited for or repre
for redemption of senting the certificates shall be retained in the Treasury for certificates. the payment of the same on demand. Said certificates shall be receivable for customs, taxes, and all public dues, and, when so received, may be reissued.
SEC. 4. All acts and parts of acts inconsistent with the provisions of this act are hereby repealedl.
SAM. J. RANDALL,
W. A. WHEELER,
President of the Senate.
· February 28, 1878. The President of the United States having returned to the House of Representatives, in which it originated the bill, entitled "An act to authorize the coinage of the standard silver dollar, and to restore its legal-tender character,” with his objections thereto; the House of Representatives proceeded in pursuance of tbe Constitution to reconsider the same; and
Resolved, That the said bill pass, two-thirds of the House of Representatives agreeing to pass the same. Attest:
GEO. M. ADAMS Clerk.
By GREEN ADAMS Chief Clerk.
February 28, 1878. The Senate having proceeded, in pursuance of the Constitution, to reconsider the bill entitled “An act to author. ize the coinage of the standard silver dollar, and to restore its legal-tender character,” returned to the House of Representatives by the President of the United States, with his objections, and sent by the House of Representatives to the Senate with the message of the President returning the bill;
Resolved, That the bill do pass, two-thirds of the Senate agreeing to pass the same.
Attest: GEO. C. GORHAM, Secretary of the Senate.