« AnteriorContinuar »
which shall have been struck, and shall pay or deliver them to the persons respectively to whom the same ought to be paid or delivered: be shall moreover receive and safely keep all monies which shall be for the use, maintenance and support of the mint, and shall disburse the same
upon warrants signed by the Director. To take oath, SEC. 4. And be it further enacted, That every officer and
clerk of the said mint shall, before be enters upon the execution of his office, take an oath or affirmation before some judge of the United States faithfully and diligently to perform the duties thereof.
SEC. 5. And be it further enacted, That the said assayer, and give bond.
chief coiper and treasurer, previously to entering upon the Act of March 3, 11794, ch. 4, sec. 2.' execution of their respective offices, shall each become
bound to the United States of America, with one or more sureties to the satisfaction of the Secretary of the Treasury, in the sum of ten thousand dollars with condition for the
faithful and diligent performance of the duties of his office. Salaries. SEC. 6. And be it further enacted, That there sball be al
lowed and paid as compensations for their respective services—To the said director, a yearly salary of two thousand dollars, to the said assayer, a yearly salary of one thousand five hundred dollars, to the said chief coiner, a yearly salary of one thousand five hundred dollars, to the said en. graver, a yearly salary of one thousand two bundred dollars, to the said treasurer, a yearly salary of one thousand two hundred dollars, to each clerk who may be employed, a yearly salary not exceeding five hundred dollars, and to the several subordinate workmen and servants, such wages and allowances as are customary and reasonable, according
to their respective stations and occupations. Accounts, how SEC. 7. And be it further enacted, That the accounts of and where to be
the officers and persons employed in and about the said mint and for services performed in relation thereto, and all other accounts concerning the business and administration thereof, shall be adjusted and settled in the Treasury Department of the United States, and a quarter yearly account of the receipts and disbursements of the said mint shall be rendered at the said treasury for settlement according to such forms and regulations as shall have been prescribed by that department; and that once in each year a report of the transactions of the said mint, accompanied by an abstract of the settlements which shall have been from time to time made, duly certified by the comptroller of the Treasury, shall be laid before Congress for their information.
See act of Feb.
See act of June
SEC. 8. And be it further enacted, That in addition to the President authority vested in the President of the United States by cause buildings
to be provided. a resolution of the last session, touching the engaging of artists and the procuring of apparatus for the said mint, the President be authorized, and he is hereby authorized to cause to be provided and put in proper condition such buildings, and in such manner as shall appear to him req. uisite for the purpose of carrying on the business of the said mint; and that as well the expenses which shall have been Expense, how
to be defrayed. incurred pursuant to the said resolution as those which may be incurred in providing and preparing the said buildings, and all other expenses which may bereafter accrue for the maintenance and support of the said mint, and in carrying on the business thereof, over and above the sums which may be received by reason of the rate per centum for coinage hereinafter mentioned, shall be defrayed from the treasury of the United States, out of any monies which from time to time shall be therein, not otherwise appropriated.
SEC. 9. And be it further enacted, That there shall be from Species of the time to time struck and coined at the said mint, coins of struck. gold, silver, and copper, of the following denominations, ruary 12, 1873,
post, p. 88. values and descriptions, viz. Eagles-each to be of the Eagles. value of ten dollars or units, and to contain two hundred 28, 1831, 8. I, post, and forty-seven grains and four eighths of a grain of pure, Act of January or two hundred and seventy grains of standard gold.
Half eagles. eagles-each to be of the value of five dollars, and to contain one hundred and twenty three grains and six eighths of a grain of pure, or one hundred and thirty five grains of standard gold. Quarter Eagles-each to be of the value of Quarter eagles. two dollars and a half dollar, and to contain sixty one grains and seven eighths of a grain of pure, or sixty seven grains and four eighths of a grain of standard gold. Dollars or Dollars units-each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of post, P: 13:
Act February pure, or four hundred and sixteen grains of standard silver. 12, 1873, post, p. Half Dollars—each to be of half the value of the dollar or unit, and to contain one hundred and eighty five grains See act of Feb. and ten sixteenth parts of a grain of pure, or two hundred marzo.2.p. 1853,
8.1post, 22. and eight grains of standard silver. Quarter Dollars—each Quarter dol. to be of one fourth the value of the dollar or unit, and to contain ninety two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver. Dismes-each to be of the value of one tenth of a dollar or unit, and to contain thirty seven grains and two sixteenth parts of a grain of pure, or forty enn grains and
1837, S. 10,
Half post, p. 14.
Ibid, s. 9.
See act of Jan. uary 18, 1837, s. 9,
Of what vices.
Half dismes. three fifth parts of a grain of standard silver. Half Dismes Ibid.
-each to be of the value of one twentieth of a dollar, and to contain eighteen grains and nine sixteenth parts of a
grain of pure, or twenty grains and four fifth parts of a Cents. grain of standard silver. Cents-each to be of the value of See act of Jan. 14, 1793, post, p. 7; act of Mar. 3, 1795, s. 8, post, p. 9; act of Feb. 21,1857, s. 4, post, p. 25.
the one hundredth part of a dollar, and to contain eleven penny-weights of copper. Half Cents-each to be of the value of half a cent, and to contain five penny-weights and half a penny-weight of copper.
SEC. 10. And be it further enacted, Tbat, upon the said coins respectively, there shall be the following devices and legends, namely : Upon one side of each of the said coins there shall be an impression emblematic of liberty, with an inscription of the word Liberty, and the year of the coinage; and upon the reverse of each of the gold and silver coins there shall be the figure or representatioa of an eagle, with this inscription, “ UNITED STATES OF AMERICA,” and upon tbe reverse of each of the copper coins, there shall be an inscription which shall express the denomination of the piece,
namely, cent or half-cent, as the case may require. Proportional SEC. 11. And be it further enacted, That the proportional value of gold to
value of gold to silver in all coins which shall by law be current as money within the United States, shall be as fifteen to one, according to quantity in weight, of pure gold or pure silver; that is to say, every fifteen pounds weight of pure silver shall be of equal value in all payments, with one pound weight of pure gold, and so in proportion as to any greater or less quantities of the respective metals.
SEC. 12. And be it further enacted, That the standard for gold coins and alloy, how to be all gold coins of the United States shall be eleven parts fine regulated.
to one part alloy; anti accordingly that eleven parts in twelve of the entire weight of each of the said coins shall consist of pure gold, and the remaining one twelfth part of alloy; and the said alloy shall be composed of silver and copper, in such proportions not exceeding one half silver as shall be found convenient; to be regulated by the director of the mini, for the time being, with the approbation of the President of the United States, until further provision shall be made by law. And to the end that the necessary information may be had in order to the making of such further provis
ion, it shall be the duty of the director of the mivt at the port the practice of the mint touch expiration of a year after commencing the operations of ing the alloy of gold coins. the said mint, to report to Congress the practice thereof
during the said year, touching the composition of the alloy of the said gold coins, the reasons for such practice, and the experiments and observation which sball have been
Director to re
be coined free of expense.
made concerning the effects of different proportions of sil. ver and copper in the said alloy. SEC. 13. And be it further enacted, That the standard of all Standard for
silver coins; al. silver coins of the United States, shall be one thousand four loy, how to be
regulated. hundred and eighty-fire parts fine to one hundred and sev. enty-nine parts alloy; and accordingly that one thousand four hundred and eighty-five parts in one thousand six hun. dred and sixty four parts of the entire weight of each of the said coins shall consist of pure silver, and the remaining one hundred and seventy-nine parts of alloy ; wbich alloy Alloy. sball be wholly of copper. SEC. 14. And be it further enacted, That it shall be law
bring gold and ful for any person or persons to bring to the said mint gold silvor bullion, to and silver bullion, in order to their being coined; and that
l the bullion so brought shall be there assayed and coined as speedily as may be after the receipt thereof, and that free of expense to the person or persons by whom the same shall 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 upon demand receive in lieu 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 nevertheless, Act of April 24,
1800, cbap. 34; That it shall be at the mutual optiou of the party or bow' the director
exchange parties bringing such bullion, and of the direction of the said coins theretor,
deducting hali mint, to make an immediate exchange of coins for standard per cent. bullion, with a deduction of one half per cent. from the weight of the pure gold, or pure silver contained in the said bullion, as an indemnification to the mint for the time which will necessarily be required for coining the said bullion, and for the advance which shall have been so made iu coins. And it shall be the duty of the Secretary of the Duty of Secro. Treasury to furnish the said mint from time to time when- tary of Treasury ever the state of the Treasury will admit thereof, with such sums as may be necessary for effecting the said exchanges, to be replaced as speedily as may be out of the coins which shall have been made of the bullion for which the monies so furnished shall have been exchanged; and the said deduc. tion of one half per cent. sball constitute a fund towards cent. to consti
tute a fund, &c. defraying the expenses of the said mint. SEC. 15. And be it further enacted, That the bullion which Order of deliv
ering coins shall be brought as aforesaid to the mint to be coined, shall
persons bringing be coined, and the equivalent thereof in coins rendered, if alty.oon giving
bullion, and pen. demanded, in the order in wbich the said bullion shall have undue prefer been brought or delivered, giving priority according to priority of delivery only, and without preference to any person
The half per
to and to be made conformable to
or persons; and if any preference shall be given contrary to the direction aforesaid, the officer by whom such undue preference shall be yiven, shall in each case forfeit and pay one thousand dollars; to be recovered with costs of suit. And to the end that it may be known if such preference shall at any time be given, the assayer or officer to whom the said bullion shall be delivered to be coined, shall give to the person or persons bringing the same, a memorandum in writing under his band, denoting the weight, fineness and value thereof, together with the day and order of its
delivery into the mint. Coins made a lawful
SEC. 16. And be it further enacted, That all the gold and tender,
silver coins which shall have been struck at, and issued from the said mint, shall be a lawful tender in all payments whatsoever, those of full weight according to the respective values herein before declared, and those of less than full weight at values proportional to their respective weights.
SEC. 17. And be it further enacted, That it shall be the tho standard duty of the respective officers of the said mint, carefully and weights, &c.
faithfully to use their best endeavors that all the gold and silver coins which shall be struck at the said mint shall be, as nearly as may be, conformable to the several standards and weights aforesaid, and that the copper whereof the cents and half cents aforesaid may be composed, shall be of good quality.
SEC. 18. And the better to secure a due conformity of the
said gold and silver coins to their respective standards, The Treasurer Be it further enacted, Tbat from every separate mass of less than three standard gold or silver which shall be made into coins at pieces of each coin to be as the said mint, there shall be taken, set apart by the treas. sayed.
urer and reserved in his custody a certain number of pieces, When and by not less than three, and that once in every year the pieces
so set apart and reserved, shall be assayed under the inspec
tion of the Chief Justice of the United States, the Secretary 28, 1834, 8. 4, post, and Comptroller of the Treasury, the Secretary of the De.
partment of State, and the Attorney General of the United States, (who are hereby required to attend for that purpose at the said mint, on the last Monday in July of each year,) or under the inspection of any three of them, in such man. ner as they or a majority of them shall direct, and in the presence of the director, assayer and chief coiner of the said inint; and if it shall be found that the gold and silver so assayed, shall not be inferior to their respective standards here-in before declared more than one part in one hundred and forty-four parts, the officer or officers of the said mint whom it may concern shall be held excusable; but if
1801, ch. 21.
See act of June