FREE BOOKS

Author's List




PREV.   NEXT  
|<   451   452   453   454   455   456   457   458   459   460   461   462   463   464   465   466   467   468   469   470   471   472   473   474   475  
476   477   478   479   480   481   482   483   484   485   486   487   488   489   490   491   492   493   494   495   496   497   498   499   500   >>   >|  
tive to the mint, assay offices, and coinage of the United States, and accompanying report. The bill has been prepared under the supervision of John Jay Knox, deputy comptroller of the currency, and its passage is recommended in the form presented. It includes, in a condensed form, all the important legislation upon the coinage, not now obsolete, since the first mint was established, in 1792; and the report gives a concise statement of the various amendments proposed to existing laws and the necessity for the change recommended. There has been no revision of the laws pertaining to the mint and coinage since 1837, and it is believed that the passage of the inclosed bill will conduce greatly to the efficiency and economy of this important branch of the government service. "I am, very respectfully, your obedient servant, "Geo. S. Boutwell, Secretary of the Treasury. "Hon. John Sherman, "Chairman Finance Committee, United States Senate." Section 15 of the original bill omitted the silver dollar. It was as follows: "Sec. 15. _And be it further enacted_, That of the silver coin, the weight of the half dollar, or piece of 50 cents, shall be 192 grains; and that of the quarter dollar and dime shall be, respectively, one-half and one-fifth of the weight of said half dollar. That the silver coin issued in conformity with the above section shall be a legal tender in any one payment of debts for all sums less than one dollar." Section 18 prohibited all coins except those named, as follows: "Sec. 18. _And be it further enacted_, That no coins, either gold, silver, or minor coinage, shall hereafter be issued from the mint other than those of the denominations, standards, and weights herein set forth." Special attention was called to the dropping out of the silver dollar, both by Secretary Boutwell and Mr. Knox, and the opinion of experts was invited and given on this special matter and communicated to Congress. These sections, in the three years that the bill was pending in Congress, were changed either in the House or Senate in only one or two unimportant particulars. Accompanying the report of Mr. Knox were the statements of Robert Patterson, of Philadelphia, confessedly one of the ablest scientists and metallists in the United States, in favor of dropping from our coinage the silver dollar. Dr. Linderman, the director of the mint, made the same recommendation. In the report accompanying the introdu
PREV.   NEXT  
|<   451   452   453   454   455   456   457   458   459   460   461   462   463   464   465   466   467   468   469   470   471   472   473   474   475  
476   477   478   479   480   481   482   483   484   485   486   487   488   489   490   491   492   493   494   495   496   497   498   499   500   >>   >|  



Top keywords:

dollar

 

silver

 

coinage

 

report

 

United

 

States

 

Senate

 

Section

 

Congress

 
Secretary

Boutwell

 
weight
 
issued
 

dropping

 
enacted
 

recommended

 

important

 

accompanying

 
passage
 

Special


attention

 

called

 

payment

 
weights
 
prepared
 

supervision

 

standards

 

prohibited

 

opinion

 

denominations


invited

 
ablest
 

scientists

 

metallists

 

confessedly

 

Philadelphia

 

statements

 

Robert

 
Patterson
 

recommendation


introdu
 
Linderman
 

director

 

Accompanying

 

particulars

 

communicated

 

sections

 
matter
 

special

 
tender