Page images
PDF
EPUB

(ACT of January 14th, 1793).

the coins which shall be struck or coined at the said mint, every such officer or person who shall commit any or either of the said offences, shall be deemed guilty of felony, and shall suffer death.

20. SEC. xx. The money of account of the United States shall be expressed in dollars, or units, dismes, or tenths; cents, or hun-, dredths; and milles, or thousandths; a disme being the tenth part of a dollar, a cent the hundredth part of a dollar, a mille the thousandth part of a dollar; and 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.

ACT of May 8th, 1792. 2 Bioren, 308. 2 Oswald, 120.
An act to provide for a copper coinage.

21. SEC. I. That the director of the mint with the approbation of the president of the United States be authorized, to contract for, and purchase a quantity of copper not exceeding one hundred and fifty tons; and that the said director, as soon as the needful preparations shall be made, cause the copper by him purchased to be coined, at the mint, into cents and half cents, pursuant to the "act establishing a mint and regulating the coins of the United States," and that the said cents and half cents, as they shall be coined, be paid into the treasury of the United States, thence to issue into circulation.

22. SEC. II. After the expiration of six calendar months from the time when there shall have been paid into the treasury by the said director, in cents and half cents, a sum not less than fifty thousand dollars, which time shall forthwith be announced by the treasurer, in at least two gazettes, or newspapers, published at the seat of government of the United States for the time being, no copper coins or pieces whatsoever, except the said cents and half cents, shall pass current as money, or shall be paid or offered to be paid, or received in payment for any debt, demand, claim, matter or thing whatsoever; and all copper coins or pieces, except the said cents and half cents which shall be paid, or offered to be paid, or received in payment, contrary to the prohibition aforesaid, shall be forfeited, and every person by whom any of them shall have been so paid, or offered to be paid, or received in payment, shall also forfeit the sum of ten dollars, and the said forfeiture and penalty shall and may be recovered, with costs of suit, for the benefit of any person or persons by whom information of the incurring thereof shall have been given.

ACT of January 14th, 1793. 2 Bioren, 327. 2 Oswald, 150.

23. SEC. 1. Every cent shall contain two hundred and eight grains of copper; and every half cent, shall contain one hundred and four grains of copper; and so much of the act, entitled "An act establishing a mint, and regulating the coins of the United

(ACT of March 3d, 1794.)

States," as respects the weight of cents, and half cents, is hereby repealed.

ACT of February 9th, 1793. 2 Bioren, 328. 2 Oswald, 152.

An act regulating foreign coins, and for other purposes.

24. SEC. II. At the expiration of three years next ensuing the time when the coinage of gold and silver, agreeably to the act, entitled "An act establishing a mint, and regulating the coins of the United States," shall commence at the mint of the United States, (which time shall be announced by the proclamation of the president of the United States,) all foreign gold coins, and all foreign silver coins, except Spanish milled dollars and parts of such dollars, shall cease to be a legal tender.

25. SEC. 11. All foreign gold and silver coins, (except Spanish milled dollars, and parts of such dollars) which shall be received in payment for moneys due to the United States, after the said time when the coining of gold and silver coins shall begin at the mint of the United States, shall, previously to their being issued in circulation, be coined anew, in conformity to the act, entitled "An act establishing a mint, and regulating the coins of the United States."

26. SEc. v. The assay, provided to be made by the act, entitled "An act establishing a mint, and regulating the coins of the United States," shall commence, in the manner as by the said act is prescribed, on the second Monday of February, annually, any thing in the said act to the contrary notwithstanding. [Supra, 18.]

ACT of March 3d, 1794. 2 Bioren, 375.

An act in alteration of the act establishing a mint, and regulating the coins of the United States.

27. SEC. 1. From and after the passing of this act, it shall be the duty of the treasurer of the mint to receive, and give receipts for, all metals which may lawfully be brought to the mint to be coined; and for the purpose of ascertaining their respective qualities, shall deliver, from every parcel so received, a sufficient number of grains to the assayer, who shall assay all such of them as may require it. And the said treasurer shall, from time to time, deliver the said metals to the chief coiner, to be coined in such quantities as the director of the mint may prescribe.

28. SEC. 11. The assayer and chief coiner of the mint, previous to entering upon the 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, the said assayer in the sum of one thousand dollars, and the said chief coiner in the sum of five thousand dollars, with con

(Act of March 3d, 1795.)

dition for the faithful, and diligent performance of the duties of his office.

29. SEC. III. So much of the act, entitled "An act establishing a mint, and regulating the coins of the United States," as comes within the purview of this act, is hereby repealed.

ACT of March 3d, 1795. 2 Bioren, 500.

An act supplementary to the act, entitled "An act establishing a mint, and regulating the coins of the United States."

30. SEC. 1. For the better conducting of the business of the mint of the United States, there shall be an additional officer appointed therein, by the name of the melter and refiner, whose duty shall be to take charge of all copper, and silver or gold bullion, delivered out by the treasurer of the mint, after it has been assayed, agreeably to the rules and customs of the mint already directed and established, or which may hereafter be directed and established, by the accounting officers of the treasury, and to reduce the same into bars or ingots fit for the rolling mills, and then to deliver them to the coiner or treasurer, as the director shall judge expedient; and to do and perform all other duties belonging to the office of a melter and refiner, or which shall be ordered by the director of the mint.

31. SEC. II. The melter and refiner of the said mint shall, before he enters upon the execution of his said office, take an oath or affirmation, before some judge of the United States, faithfully and diligently to perform the duties thereof. And also shall 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 six thousand dollars, with condition for the faithful and diligent performance of the several duties of his office.

32. SEC. III. There shall be allowed and paid to the said melter and refiner of the mint, as a compensation for his services, the yearly salary of fifteen hundred dollars.

33. SEC. v. The treasurer of the mint shall, and he is hereby directed to, retain two cents per ounce from every deposit of silver bullion below the standard of the United States, which hereafter shall be made for the purpose of refining and coining; and four cents per ounce from every deposit of gold bullion, made as aforesaid, below the standard of the United States, unless the same shall be so far below the standard as to require the operation of the test, in which case the treasurer shall retain six cents per ounce; which sum so retained shall be accounted for by the said treasurer with the treasury of the United States, as a compensation for melting and refining the same. [Infra, 38.]

34. SEC. VI. The treasurer of the mint shall not be obliged to receive from any person, for the purpose of refining and coining, any deposit of silver bullion below the standard of the United

(ACT of April 24th, 1800.)

States, in a smaller quantity than two hundred ounces; nor a like deposit of gold bullion, below the said standard, in a smaller quantity than twenty ounces.

35 SEC. VII. From and after the passing of this act, it shall and may be lawful for the officers of the mint to give a preference to silver or gold bullion, deposited for coinage, which shall be of the standard of the United States, so far as respects the coining of the same, although bullion below the standard, and not yet refined, may have been deposited for coinage previous thereto, any law to the contrary notwithstanding: Provided, That nothing herein shall justify the officers of the mint, or any one of them, in unneces sarily delaying the refining any silver or gold bullion, below stand. ard, that may be deposited as aforesaid.

36. SEC. VIII. The president of the United States is authorized, whenever he shall think it for the benefit of the United States, to reduce the weight of the copper coin of the United States: (s) Provided, such reduction shall not, in the whole, exceed two pennyweights in each cent, and in the like proportion in a half cent; of which he shall give notice by proclamation, and communicate the same to the then next session of congress.

37. SEC. IX. It shall be the duty of the treasurer of the United States, from time to time, as often as he shall receive copper cents and half cents from the treasurer of the mint, to send them to the bank, or branch banks, of the United States, in each of the states where such bank is established; and where there is no bank established, then to the collector of the principal town in such state (in the proportion of the number of inhabitants of such state) to be, by such bank or collector, paid out to the citizens of the state for cash, in sums not less than ten dollars value; and the same shall be done at the risk and expense of the United States, under such regulations as shall be prescribed by the department of the treasury.

ACT of April 24th, 1800. 3 Bioren, 362.

38. SEC. II. There shall be retained from every deposit in the mint, of gold or silver bullion below the standard of the United States, such sum as shall be equivalent to the expense incurred in

(s) The president issued, on the 26th January, 1796, a proclamation, of which the following is an extract:

"Whereas, on account of the increased price of copper and expense of coinage, I have thought it would be for the benefit of the United States to reduce the weight of the copper coin of the United States one pennyweight and sixteen grains in each cent, and in like proportion in each half cent; and the same has, since the twenty-seventh day of December last, been reduced accordingly: I hereby give notice thereof; and that all cents and half cents, coined and to be coined at the mint of the United States, from and after the said twenty-seventh day of December, are to weigh, the cents, each, seven pennyweights, and the half cents, each, three pennyweights and twelve grains."

(ACT of April 10th, 1806.)

refining the same, and an accurate account of such expense, on every such deposit, shall be kept, and of the sums retained on account of the same, which shall be accounted for, by the treasurer of the mint, with the treasury of the United States. [Supra, 33.] ..

ACT of March 3d, 1801. 3 Bioren, 428.
1
An act concerning the mint.

39. SEC. 1. The mint shall remain in the city of Philadelphia, until the fourth day of March, in the year one thousand eight hundred and three.

40. SEC. II. During the continuance of the mint at the city of Philadelphia, the duties now enjoined on the chief justice of the United States, the secretary and comptroller of the treasury, the secretary for the department of state, and the attorney general of the United States, by the eighteenth section of the act, entitled "An act establishing a mint, and regulating the coins of the United States," passed the second day of April, one thousand seven hundred and ninety-two, shall be performed by the district judge of Pennsylvania, the attorney for the United States in the district of Pennsylvania, and the commissioner of loans for the state of Pennsylvania. [Supra, 18. Infra, 45.]

ACT of March 3d, 1803. 3 Bioren, 558.

41. SEC. I. The act, entitled "An act concerning the mint," approved March 3d, 1801, is hereby continued in force and operation, for the term of five years, after the fourth day of March next. [further continued by act of April 1st, 1808. 4 Bioren, 161. And act of December 2d, 1812. 4 Bioren, 482. Also by act of January 14th, 1818. infra, 45.]

ACT of April 10th, 1806. 4 Bioren, 29.

An act regulating the currency of foreign coins in the United States.

42. SEC. I. From and after the passage of this act, foreign gold and silver coins shall pass current, as money within the United States, and be a legal tender for the payment of all debts and demands, at the several and respective rates following, and not otherwise, viz:

The gold coins of Great Britain and Portugal, of their present standard, at the rate of one hundred cents for every twenty-seven grains of the actual weight thereof; the gold coins of France, Spain, and the dominions of Spain, of their present standard, at the rate of one hundred cents for every twenty-seven grains and two-fifths of a grain, of the actual weight thereof. Spanish milled dollars, at the rate of one hundred cents for each, the actual weight whereof shall not be less than seventeen pennyweights and seven grains, and in

« PreviousContinue »