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it shall be lawful for the Treasurer and the several asssist. ant treasurers and depositaries of the United States to redeem, in lawful money, under such rules as may be pre. rodoemable in scribed by the Secretary of the Treasury, all copper, bronze, and copper-nickel coins authorized by law when presented in sums of not less than twenty dollars; and whenever, under Such coinage to this authority, these coins are presented for redemption in such quantity as to show the amount outstanding to be redundant, the Secretary of the Treasury is authorized and required to direct that such coinage shall cease until otherwise ordered by him. SEC. 31. That parcels of bullion shall be, from time to Melting and re
fining. time, transferred by the superintendent to the melter and
R. S., 3530, post, refiner; a careful record of these transfers, noting the p. 118. weight and character of the bullion, shall be kept, and vouchers shall be taken for the delivery of the same, duly receipted by the melter and refiner, and the bullion thus placed in the hands of the melter and refiner shall be subjected to the several processes which may be necessary to form it into ingots of the legal standard, and of a quality Ingots for coin-suitable for coinage. SEC. 32. That the ingots so prepared shall be assayed ; to be assayed and
certificate given; and if they prove to be within the limits allowed for deviation from the standard, the assayer shall certify the fact to
R. S., 35311 post, the superintendent, who shall thereupon receipt for the p. 118. same, and transfer them to the coiner. SEC. 33. That no ingots shall be used for coinage which not to ho-zsed if
they from differ from the legal standard more than the following pro- &c, more than, portions, namely: In gold ingots, one-thousandth; in silver R. S., 3533, post, ingots, three-thousandths; in minor-coinage alloys, twentyfive-thousandths, in the proportion of nickel. SEC. 34. That the melter and refiner shall prepare all Bars
ment of deposits, bars required for the payment of deposits; but the fineness their fineness, &c. thereof shall be ascertained and stamped thereon by the 1.9., 3534,. post, assayer; and the melter and refiner shall deliver such bars to the superintendent, wbo shall receipt for the same.
SEC. 35. That the superintendent shall, from time to Ingots for coin. time, deliver to the coiner ingots for the purpose of coin. ered to coiper.
R.S., 353%, post, age; a careful record of these transfers, noting the weight p.118. and character of the bullion, shall be kept, and vouchers shall be taken for the delivery of the same, duly receipted by the coiner; and the ingots thus placed in the hands of the coiner shall be subjected to the several processes neces. sary to make from them coins in all respects conformable to law.
of minor coins.
Deviations in SEC. 36. That in adjusting the weights of the gold coins, weights of gold coins not to ex- the following deviations shall not be exceeded in any single
R. S., 3535, post, piece: In the double-eagle and the eagle, one-half of a grain; p. 119.
in the half-eagle, the three-dollar piece, the quarter-eagle, and the one-dollar piece, one-fourth of a grain. And in weighing a number of pieces together, when delivered by the coiner to the superintendent, and by the superintendent to the depositor, the deviation from the standard weight shall not exceed one-hundredth of an ounce in five thousand dollars in double-eagles, eagles, half-eagles, or quarter-eagles, in one thousand three-dollar pieces, and in
one thousand one-dollar pieces. of silver coins ; SEC. 37. That in adjusting the weight of the silver coins R.S., 3536, post, the following deviations shall not be exceeded in any single
piece: In the dollar, the half and quarter dollar, and in the dime, one and one-half grains; and in weighing large numbers of pieces together, when delivered by the coiner to the superintendent, and by the superintendent to the depositor, the deviations from the standard weight shall not exceed two-hundredths of an ounce in one thousand dollars, halfdollars, or quarter-dollars, and one hundredth of an ounce in one thousand dimes.
SEC. 38. That in adjusting the weight of the minor coins R. S., 3537, post, provided by this act, there shall be no greater deviation
allowed than three grains for the five-cent piece and two
grains for the three and one cent pieces. Coiner to de
SEC. 39. That the coiner shall, from time to time, as liver coins to sup. erintendent; coins are prepared, deliver them to the superintendent, who
RUS: 3538, post, shall receipt for the same, and who shall keep a careful coins to be tested, record of their kind, number, and actual weight; and in refactory, &c.
ceiving coins it shall be the duty of the superintendent to ascertain, by the trial of a number of single pieces separately, whether the coins of that delivery are within the legal limits of the standard weight; and if his trials for this purpose shall not prove satisfactory, he shall cause all the coins of such delivery to be weighed separately, and such as are not of legal weight shall be defaced and delivered to the melter and refiner as standard bullion, to be again formed into ingots and recoined; or the whole delivery
may, if more convenient, be remelted. Proceedings at SEC. 40. That at every delivery of coins made by the each delivery of cons by the coin-coiner to a superintendent, it shall be the duty of such sutendent. perintendent, in the presence of the assayer, to take indis. R.S., 3539, post, criminately a certain number of pieces of each variety for
the annual trial of coins, the number for gold coins being not less than one piece for each one thousand pieces or any
ACTS OF EIGHTEEN HUNDRED AND SEVENTY-THREE.
fractional part of one thousand pieces delivered ; and for silver coins one piece for each two thousand pieces or any fractional part of two thousand pieces delivered. The pieces so taken shall be carefully sealed up in an envelope, properly labeled, stating the date of the delivery, the number and denomination of the pieces inclosed, and the amount of the delivery from which they were taken. These sealed parcels containing the reserved pieces shall be deposited in a pyx, designated for the purpose at each mint, which shall be kept under the joint care of the superintendent and assayer, and be so secured that neither can bave access to its contents without the presence of the other, and the reserved pieces in their sealed envelopes from the coinage of each mint shall be transmitted quarterly to the mint at Pbiladelphia. A record shall also be kept at the same time of the number and denomination of the pieces so taken for the annual trial of coins, and of the number and denomination of the pieces represented by them and so delivered, a copy of which record shall be transmitted quarterly to the Di. rector of the Mint. Other pieces may, at any time, be taken for such tests as the Director of the Mint shall prescribe.
SEC. 41. That the coiner shall, from time to time, deliver clippings, &c., to the superintendent the clippings and other portions of R. S., 3540, post, bullion remaining after the process of coining; and the su. perintendent shall receipt for the same and keep a careful record of their weight and character.
SEC. 42. That the superintendent shall debit the coiner Coinor to be with the amount in weight of standard metal of all the bull-what, and to be ion placed in his hands, and credit him with the amount in R. S , 3541, post, weight of all the coins, clippings, and other bullion returned p. 120. by him to the superintendent. Once at least in every year, and at such time as the Director of the Mint shall appoint, and refiner to be there shall be an accurate and full settlement of the accounts least once in each of the coiner, and the melter and refiner, at which time the said officers shall deliver up to the superintendent all the coins, clippings, and other bullion in their possession respectively, accompanied by statements of all the bullion delivered to them since the last annual settlement, and all the bullion returned by them during the same period, including the amount returned for the purpose of settlement.
SEC. 43. That when all the coins, clippings, and other Superintendent bullion have been delivered to the superintendent, it shall accounts, &c., of be his duty to examine the accounts and statements ren-melter dered by the coiner and the melter and refiner, and the dif. R. S., 3542, post, ference between the amount charged and credited to each officer shall be allowed as necessary wastage, if the super-essary wastage.
Accounts of coiner and melter
the coiner and
What amount allowable as ling
to be forwarded
coins or bars to
intendent shall be satisfied that there has been a bona-fide waste of the precious metals, and if the amount shall not exceed, in the case of the melter and refiner, one thousandth of the whole amount of gold, and one and one-half thousandth of the whole amount of silver delivered to him since the last annual settlement, and in the case of the coiner, one thousandth of the whole amount of silver, and one-balf thousandth of the whole amount of gold that has been delivered to him by the superintendent; and all copper used in the alloy of gold and silver bullion shall be separately
charged to the melter and refiner, and accounted for by him. Balance-sheet SEC. 44. That it shall also be the duty of the superinto the Director of tendent to forward a correct statement of his balance-sheet,
at the close of such settlement, to the Director of the Mint, R. S., 3543, post,
who shall compare the total amount of gold and silver bull
ion and coin on hand with the total liabilities of the mint. Expense ac.
At the same time a statement of the ordinary-expense account, and the moneys therein, shall also be made by the
superintendent. Payment of
SEC. 45. That when the coins or bars which are the depositors.
equivalent to any deposit of bullion are ready for delivery, R.S. , 3544, post, they shall be paid to the depositor, or his order, by the
superintendent; and the payments shall be made, if demanded, in the order in which the bullion shall have been brought to the mint; but in cases where there is delay in manipulating a refractory deposit, or for any other unavoidable cause, the payment of subsequent deposits, the value of which is known, shall not be delayed thereby; and in the denominations of coin delivered, the superintendent shall comply with the wishes of the depositor, except when im
practicable or inconvenient to do so. Upparted bull. SEC. 46. That unparted bullion may be exchanged at any ion may be ex. changed. of the mints for fine bars, on such terms and conditions as R. S., 3546, post, may be prescribed by the Director of the Mint, with the
approval of the Secretary of the Treasury; and the fineness, weight, and value of the bullion received and given in ex
change shall in all cases be determined by the mint assay. Charge of part. The charge to the depositor for refining or parting shall not ing.
exceed that allowed and deducted for the same operation in
the exchange of unrefined for refined bullion. Secretary of SEC. 47. That for the purpose of enabling the mints and
Treasury to keep, &c., mon.
assay-office in New York to make returns to depositors make speedy ro
with as little delay as possible, it shall be the duty of the tors of bullion. Secretary of the Treasury to keep in the said mints and R.S., 3545, post, assay-office, when the state of the Treasury will admit
thereof, such an amount of public money, or bullion pro
ey or bullion to
Assay commis. s'oners
cured for the purpose, as he shall judge convenient and pecessary, out of which those who bring bullion to the said mints and assay-office may be paid the value thereof, in coin or bars, as soon as practicable after the value has been ascertained; and on payment thereof being made, the bullion so deposited shall become the property of the United States; but the Secretary of the Treasury may at any time Fund may be withdraw the fand, or any portion thereof.
SEC. 48. That to secure a due conformity in the gold and silver coins to their respective standards of fineness and weight of coins
annually ; weight, the judge of the district court of the United States
R. S., 3347, post, for the eastern district of Pennsylvania, the Comptroller of p. 122. the Currency, the assayer of the assay-office at New York, and such other persons as the President shall, from time to time, designate, shall meet as assay.commissioners, at the when and where; mint in Philadelphia, to examine and test, in the presence of the Director of the Mint, the fineness and weight of the coins reserved by the several mints for this purpose, on the second Wednesday in February, annually, and may continue their meetings by adjourument, if necessary; if a if a majority not majority of the commissioners shall fail to attend at any
present. time appointed for their meeting, the Director of the Mint shall call a meeting of the commissioners at such other time as he may deem convenient; and if it shall appear by such Test to be reexamination and test that these coins do not differ from the factory, if, &c. standard fineness and weight by a greater quantity than is allowed by law, the trial shall be considered and reported as satisfactory; but if any greater deviation from the legal If test is not standard or weight shall appear, this fact shall be certified fact to bo report
ed and officers in to the President of the United States; and if, on a view of the circumstances of the case, he shall so decide, the officer qnalified. or officers implicated in the error shall be thenceforward disqualified from holding their respective offices.
SEC. 49. That for the purpose of securing a due conformity Standard trov in weight of the coins of the United States to the provisions of the United of this act, the brass troy-pound weight procured by the States.
R. S., 3548, post, minister of the United States at London, in the year eight- p. 123. een hundred and twenty-seven, for the use of the mint, and now in the custody of the mint at Philadelphia, shall be the standard troy pound of the mint of the United States, conformably to which the coinage thereof shall be regulated.
SEC. 50. That it shall be the duty of the Director of the Standard Mint to procure for each mint and assay-office, to be kept mine and assay
office; safely thereat, a series of standard weights corresponding
R. S., 3549, post, to the aforesaid troy pound, consisting of a one-pound weight p. 123. and the requisite subdivisions and multiples thereof, from
error to be dis