and coinage of the same into silver dollars of not less than two million dollars, nor more than four million dollars worth of silver bullion, is hereby repealed.

SEC. 6. That upon the passage of this act the balances standing with the Treasurer of the United States to the respective credits of national banks for deposits made to redeem the circulating notes of such banks, and all deposits thereafter received for like purpose, shall be covered into the Treasury as a miscellaneous receipt, and the Treasury of the United States shall redeem from the general cash in the Treasury the circulating notes of said banks which may come into his possession subject to redemption; and upon the certificate of the Comptroller of the Currency that such notes have been received by him and that they have been destroyed and that no new notes will be issued in their place, reimbursement of their amount shall be made to the Treasurer, under such regulations as the Secretary of the Treasury may prescribe, from an appropriation hereby created, to be known as National bank notes: Redemption account, but the provisions of this act shall not apply to the deposits received under section three of the act of June twentieth, eighteen hundred and seventy-four, requiring every National bank to keep in lawful money with the Treasurer of the United States a sum equal to five per centum of its circulation, to be held and used for the redemption of its circulating notes; and the balance remaining of the deposits so covered shall, at the close of each month, be reported on the monthly public debt statement as debt of the United States bearing no interest.

Sec. 7. That this act shall take effect thirty days from and after its passage.

[Approved, July 14, 1890. 26 Statutes at Large, 289]

1889-90, Chap. DCCCCXLV. An Act to discontinue the coinage of the three-dollar and one-dollar gold pieces and three-cent nickel piece.

[Approved, September 26, 1890. 26 Statutes at Large, 485.]

1891.] EXCHANGE OF GOLD BARS FOR COIN.

252a

1890-91, Chap.

-An Act making appropriations for the legislative, executive, and judicial expenses of the Government for the fiscal year ending June thirtieth, eighteen hundred and ninety-two, and for other purposes.

SEC. 3. That an act to authorize the receipt of United States gold coin in exchange for gold bars, approved May twenty-sixth, eighteen hundred and eighty-two, be amended to read as follows:

That the superintendents of the coinage mints and of the United States assay office at New York may, with the approval of the Secretary of the Treasury, but not otherwise, receive United States gold coin from any holder thereof in sums of not less than five thousand dollars, and pay and deliver in exchange therefor gold bars in value equaling such coin so received: Provided, That the Secretary of the Treasury may impose for such exchange a charge which in his judgment shall equal the cost of manufacturing the bars.

[Approved, March 3, 1891. Printed for Congress.]

PART IV.

VETOED BILLS AND OTHER DOCUMENTS.

Resolves of the Confederation respecting Coinage. July 6, 1785.

Resolved, That the money unit of the United States of America be one dollar.

Resolved, That the smallest coin be of copper, of which 200 shall pass for one dollar.

Resolved, That the several pieces shall increase in a deci

mal ratio.

August 8, 1786.

[Journal of Congress, 1785, p. 225.]

Resolved, That the standard of the United States of America, for gold and silver, shall be eleven parts fine and one part alloy.

That the money unit of the United States, being by the resolve of Congress of the 6th July, 1785, a dollar, shall contain of fine silver, three hundred and seventy-five grains, and sixty-four hundredths of a grain.

That the money of account, to correspond with the division of coins, agreeably to the above resolve, proceed in a decimal ratio, agreeably to the forms and manner following, viz.

Mills, The lowest money of accompt, of which one

thousand shall be equal to the federal dollar, or
money unit,

Cents,

The highest copper piece, of which one hundred shall be equal to the dollar,

Dimes, ― The lowest silver coin, ten of which shall be

0.001

0.010

0.100

1.000

manifent,

That betwixt the dollar and the lowest copper coin, as fixed by the resolve of Congress of the 6th July, 1785, there shall be three silver coins, and one copper coin.

That the silver coins shall be as follows: One coin containing one hundred and eighty-seven grains, and eighty-two hundredths of a grain of fine silver, to be called A Half Dollar: One coin containing seventy-five grains, and one hundred and twenty-eight thousandths of a grain of fine silver, to be called A Double Dime: And one coin containing thirty-seven grains and five hundred and sixty-four thousandths of a grain of fine silver, to be called A Dime.

That the two copper coins shall be as follows; one equal to the one hundredth part of the federal dollar, to be called A Cent: And one equal to the two hundredth part of the federal dollar, to be called A Half Cent.

That two pounds and a quarter avoirdupois weight of copper, shall constitute one hundred cents.

That there shall be two gold coins: One containing two hundred and forty-six grains, and two hundred and sixtyeight thousandths of a grain of fine gold, equal to ten dollars, to be stamped with the impression of the American eagle, and to be called An Eagle: One containing one hundred and twenty-three grains, and one hundred and thirtyfour thousandths of a grain of fine gold, equal to five dollars, to be stamped in like manner, and to be called A Half-Eagle.

That the mint price of a pound troy weight of uncoined silver, eleven parts fine and one part alloy, shall be nine dollars, nine dimes and two cents.

That the mint price of a pound troy weight of uncoined gold, eleven parts fine and one part alloy, shall be two hundred and nine dollars, seven dimes and seven cents.

Ordered, That the board of treasury report the draft of an ordinance for the establishment of a mint.

[Journal of Congress, 1786, p. 179.]

should be 13.777 see Lut. M.Com. 1878 for 45-2