OCR Text |
Show Here are the provisions of the coinage act of 1S73, by which the lilver dollar was legislated out of existence: ex-istence: Skctiox li. That tho silver c in of the United States shall bo a tmdo dollar, a half-dollar, or filly cent piece, a quarter of a dollar, or twenty-tivo cont pitco, a dim or ten-cent piece; and tho weight of the trad dollar shall be one hundred and twenty grains troy; tho we:j;ht of the half dollar hall bs twelve gr.soij (jjrawmes) acd one-half of a gram iijraMimo); tho quarter dollar ami ill-1 im a shall be respectively, one-half ar.d ona-tiflh of the weight of sail half-dollar; half-dollar; and said coin3 shall bo a legal tender at their nominal valuo fur any amount not exceeding tivo dollars in any C.'. 17 That no coin, either of gold, silver, or minor coinage shall hereafter bo issued from the mint, othar than those of th denominations, st.uid.irds, and weights herein set forth. Previous to the passage of this act the owner ot snyjiilvor bullion was entitled to deposit it in the mint aud receive back its value, less one-half o! one per cent, for coinago charges, in dollars of four hundred and twelve and one-half grains each. Such dollars were a legal tenth r for any amount, but being until lately worth more than gold dollars they were1 never called for. It is now proposed by the silver money party to repeal sections 15 and 17 of the act of 1S73, which we havo above quoted. The eilect will be to allow an unlimited issue of the silver dollar and render it a legal tender on the same fooling With gold. |