Imágenes de páginas

p. 100.

fine bars.

Payment in

SEC. 3545. For the purpose of enabling the mints and the money to depos. itors when value assay-office iu New York to make returns to depositors with Ibid.,8. 47, ante, as little delay as possible, it shall be the duty of the Secre.

tary of the Treasury to keep in such mints and assay-office, when the state of the Treasury will admit thereof, such an amount of public money, or bullion procured for the pur. pose, as he shall judge convenient and necessary, 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. On pay. ment thereof being made, the bullion so deposited shall become the property of the United States. The Secretary of the Treasury may, however, at any time withdraw the fund,

or any portion thereof. Exchangeof un- SEC. 3546. Unparted bullion may be exchanged at any of parted bullion for

the mints for fine bars, on such terms and conditions as may Ibid., 8. 46.

be prescribed by the Director of the Mint, with the approval of the Secretary of the Treasury. The fineness, weight, and value of the bullion received and given in exchange shall in all cases be determined by the mint assay. The charge to the depositor for refining or parting shall not exceed tbat allowed and deducted for the same operation in the exchange

of unrefined for refined bullion. Appointment SEC. 3547. To secure a due conformity in the gold and 188 a y. commis- silver coins to their respective standards of finenesss and Ibid., 8. 48, ante, weight, the judge of the district court for the eastern dis

trict of Pennsylvania, the Comptroller of the Currency, the assayer of the assay-office at New York, and such other per. sons as the President shall, from time to time, designate, shall meet as assay-commissioners, at the 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 meeting by adjournment, if necessary. If a majority of the commissioners fail to attend at any 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. If it appears by such examination and test that these coins do not differ from the standard fineness and weight by a greater quantity than is allowed by law, the trial shall be considered and reported as satisfactory. If, however, any greater deviation from the legal standard or weight appears, this fact shall be certified to the President; and if, on a view of the circumstances of the case, he shall so decide

and meeting of

p. 101.

p. 101.

the officers implicated in the error shall be thenceforward disqualified from holding their respective offices.

SEC. 3548. For the purpose of securing a due conformity postan bardhe treme in weight of the coins of the United States to the provisions ulation of coin of this Title, the brass troy-pound weight procured by the Ibid.,8. 49, ante, minister of the United States at London, in the year eighteen hundred and twenty-seven, for the use of the Mint, and now in the custody of the Mint in Philadelphia, shall be the standard troy pound of the Mint of the United States, conformably to which the coinage thereof shall be regulated.

SEC. 3549. It shall be the duty of the Director of the Mint Standard to procure for each mint and assay-office, to be kept safely and assay-ofices. thereat, a series of standard weights corresponding to the Ibid., s. 50. standard troy pound of the Mint of the United States, consisting of a one-pound weight and the requisite subdivisions and multiples thereof, from the hundredth part of a grain to twenty five pounds. The troy weights ordinarily employed in the transactions of such wints and assay-offices shall be regulated according to the above standards at least once in every year, under the inspection of the superintend. ent and assayer; and the accuracy of those used at the Mint at Philadelpbia shall be tested annually, in the presence of the assay-commissioners, at tbe time of the annual examination and test of coins.

SEC. 3550. The obverse working-dies at each mint shall, Yearly destracat the end of each calendar year, be defaced and destroyed working-dies. by the coiner in the presence of the superintendent and p. 162d., s. 51, ante, assayer.

SEC. 3551. Dies of a national character may be executed National and by the engraver, and national and other medals struck by be struck at Mint

at Philadelphia. the coiner of the Mint at Philadelphia, under such regula. Ibid., s. 52. tions as the superintendent, with the approval of the Di. rector of the Mint, may prescribe. Such work shall not, however, interfere with the regular coinage operations, and no private medal dies shall be prepared at any mint, or the machinery or apparatus thereof be used for that purpose.

SEC. 3552. Tbe moneys arising from all charges and de. Money arising ductions on and from gold and silver bullion and the manu- deductions to be facture of medals, and from all other sources, except as Treasury. provided by this Title, shall, from time to time, be covered Ibid., s. 53. into the Treasury, and no part of such deductions or medal charges, or profit on silver or minor coinage, shall be expended in salaries or wages. All expenditures of the mints and assay-offices, not herein otherwise provided for, shall be paid from appropriations made by law on estimates furnished by the Secretary of the Treasury.

tion of obverse Business of as. say-office at New York.

covered into the

p 102.

officers at New York.


officers at Now York.

P. 103.

SEC. 3553. The business of the United States assay-office

at New York shall be in all respects similar to that of the Ibid., s. 54, ante, mints, except that bars only, and not coin, shall be manu

factured therein ; and no metals shall be purchased for minor coinage. All bullion intended by the depositor to be converted into coins, of the United Stetes, and silver bull. ion purchased for coinage, when assayed, parted, and refined, and its net value certified, shall be transferred to the Mint at Philadelphia, under such directions as sball be made by the Secretary of the Treasury, at the expense of the contingent fund of the Mint, and shall be there coined, and the proceeds returned to the assay-office. And the Secretary of the Treasury is hereby anthorized to make the necessary arrangements for the adjustment of the accounts

upon such transfers between the respective offices. Appointment of SEC. 3554. The officers of the assay-office at New York

shall be a superintendent, an assayer, and a melter and refiner; each of whom shall be appointed by the President,

by and with the advice and consent of the Senate. Duties, &c., of SEC. 3555. The duties of the superintendent, the assayer,

and the melter and refiner of the assay-office at New York Ibid.,8.55, ante, shall correspond to those of superintendents, assayers, and

melters and refiners of mints; and all the provisions of this Title relating to mints and their officers, the duties and responsibilities of such officers, and others employed therein, the vaths to be taken, and the bonds and sureties to be given by them, sball extend, as far as the same may be ap. plicable, to the assay-office at New York, and to its officers, clerks, and employés.

SEC. 3556. The officers of the assay-office at New York shall be entitled to the following salaries :

First. The superintendent, to four thousand five hundred dollars a year.

Second. The assayer, to tbree thousand dollars a year.

Third. The melter and refiner, to three thousand dollars. Appointment SEC. 3557. The appointment and compensation of assist. sistants and em- ants, clerks, and workmen in the at New York ployés at New

shall be regulated in the same manner as is prescribed in regard to miuts.

SEC. 3558. The business of the mint of the United States

at at Denver, while conducted as an assay-office, that of the Boise City and

United States assay-office at Boise City, and that of any Ibid., s. 57. other assay-offices hereafter established, shall be contined

to the receipt of gold and silver bullion, for melting and assaying, to be returned to depositors of the same, in bars, with the weight and fineness stamped thereon.

Salaries of officers at New York.

Ibid., 56.

and salaries of as.



Business of mint at Denver and assay - offices


Powers and duties of assayers at

of officer,


SEC. 3559. The officers of the assay-offices embraced by Appointment the preceding section shall be, when their respective serv- ver, Boise City, ices are required, an assayer and a melter; each of whoni Ibid.,8. 57, ante, shall be appointed by the President, by and with the advice P. 103. and consent of the Senate. Their salaries shall not exceed two thousand five hundred dollars a year each.

SEC. 3560. The assayer at each of the assay-offices embraced by section thirty-five huudred and fifty-eight, shall as say-offices. bare general charge of the office; and may employ, under Ibid., 88. 57, 53. the direction of the Director of the Mint, such clerks, work. men, and laborers as may be authorized therefor by law; and shall discharge the duties of disbursing agent for the expenses of the office under bis charge. The salaries paid Compensation

of employés. to clerks shall not exceed one thousand eight hundred dollars a year each. Workmen and laborers shall receive such wages as are customary according to their respective stations and occupations.

SEC. 3561. Each officer and clerk appointed at either of Bond and oath the assay-officers embraced by section thirty-five hundred clerk. and fifty-eight shall, before entering upon the duties of his Ibid., s. 58. office, take an oath pursuant to the provisions of Title XIX, (Amended by

PROVISIONS APPLYING [APPLICABLE] TO SEVERAL and Feb. 18, 1875.j CLASSES OF OFFICERS," and shall give a bond to the United States, with one or more sureties, satisfactory to the Director of the Mint or to one of the judges of the supreme court of the State or Territory in which the office to which he is appointed is located, conditioned for the faithful performance of his duties. (See § § 1756, 1757.]

SEC. 3562. All provisions of law for the regulation of Laws relating mints, the government of officers and persons employed to assay-offices. therein, and for the punishment of all offen es connected p. Ibid.,8. 60, ante, with mints or coinage, shall extend to all assay.offices as See R. S., s.

5460, post, p. 140.] far as applicable.

SEC. 3563. The money of account of the United States Decimal system shall be expressed in dollars or units, dimes or tenths, cents, 2 April, 1792, c. or hundredths, and mills or thousandths, a dime being the 16, 8. 20, ante, p. 7. tenth part of a dollar, a cent the hundreth part of a dollar, a mill the thousandth part of a dollar; and all accounts in the public offices and all proceedings in the courts shall be kept and had in conformity to this regulation. SEC. 3564. The value of foreign coin as expressed in the Value of foreign

coins, how ascer. money of account of the United States shall be that of the tained.

3 Mar., 1873, c. pure metal of such coin of standard value; and the values 268, 8. 1. of the standard coins in circulation of the various nations of the world shall be estimated annually by the Director of the Mint, and be proclaimed on the first day of January by the Secretary of the Treasury.


5, s. 3.

Value of the

SEC. 3565. In all payments by or to the Treasury, whether 80 vereign or pound sterling. made here or in foreign countries, where it becomes necesIbid., s. 2.

sary to compute the value of the sovereign or pound sterling, it shall be deemed equal to four dollars eighty-six cents and six and one-half mills, and the same rule shall be applied in appraising merchandise imported where the value is, by the invoice, in sovereigns or pounds sterling, and in the construction of contracts payable in sovereigns or pounds sterling; and this valuation shall be the par of exchange between Great Britain and the United States; and all contracts made after the first day of January, eighteen hundred and seventy-four, based on an assumed par of exchange with Great Britain of fifty-four pence to the dollar, or four dollars forty-four and four-ninths cents to

the sovereign or pound sterling, shall be null and void. Recoinage of SEC. 3566. All foreign gold and silver coins received in foreign coins.

payment for moneys due to the United States shall, before 9 Feb., 1793, c.

being issued in circulation, be coined anew. 21 Feb., 1857, c. 56, s. 2, ante, p. 24.

Spanish and SEC. 3567. The pieces commonly known as the quarter, Mexican coins.

eighth, and sixteenth of the Spanish pillar dollar, and of the 21 Feb., 1857, c. 56, s. 1, ante, p. 24. Mexican dollar, shall be receivable at the Treasury of the

United States, and its several offices, and at the several postoffices and land-offices, at the rates of valuation following: the fourth of a dollar, or piece of two reals, at twenty cents; the eighth of a dollar, or piece of one real, at ten cents; and the sixteenth of a dollar, or half-real, at five cents.

SEC. 3568. The Director of the Mint, with the approval of

the Secretary of the Treasury, may prescribe such regula21 Feb., 1857,4 tions as are necessary and proper, to secure the transmission 56, s. 2, ante, p. 24.

of the coins mentioned in the preceding section to the Mint Amended by act Feb. 27, 1877, for recoinage, and the * [re]turn or distribution of the pro. v. 19, p. 249.

ceeds thereof, when deemed expedient, and may prescribe such forms of account as are appropriate and applicable to the circumstances. The expenses incident to such trapsmission or distribution, and of recoinage, sball be charged against the account of silver profit and loss, and the net profits, if any, shall be paid, from time to time, into the

Treasury. Use of the met.

SEC. 3569. It shall be lawful throughout the United States ric system authorized

of America to employ the weights and measures of the met(28 July, 1866, c. ric system; and no contract or dealing, or pleading in any 301, 8. 1.

court, sball be deemed invalid or liable to objection because the weights or measures expressed or referred to therein are weights or measures of the metric system.

Their transmis. sion for recoin. age.

* See act February 21, 1857, ch. 56. sec. 2 ante, p. 24.

« AnteriorContinuar »