Spirit of the times. [volume] (Ironton, Ohio) 1853-1858, 1853-03-08

the approval Of tho director, purchase
such bullion with the bullion fund ol
the mint. He shall charge himself with
the gain arising from tho coinage OF
such bullion into coins Of q nominal
value exceeding the intrinsic value
thereof, and shall be credited with the
difference between such intrinsic value
and the price paid for said bullion, and
with the expense Of distributing said
coins hereinafter provided. The balan.
ces to his credit, or the profit Of said
coinage, shall be, from time to time, on
a warrant Of the director of the mint,
transferred to the account ofthe treasury
of the United States.
Sec. 4. That such coins shall be paid
out at the mint, in exchange for gold
coin at par, in sums not less than one
hundred dollars; and it shall be lawful,
also, 10 transmit parcels of the same
from time to time to the assistant trea.
surcrs, repositories, and other officers Of
the United States, under general regula.
lions, proposed by the director Of the
mint, and approved by the Secretary of
the Treasurer; Prorided, Aoueuer, That
the amount coined into quarter dollars,
dimes, and half dimes shall he regulat.
ed by the Secretary Of the Treasury.
Sec. s. That no deposits for coinage
into the half dollar, quarter dollar dime,
and half dime, shall hereafter be receiv.
ed, other than those made by the Trea.
surer of the Mint, as herein authorized,
and upon account of the U. States.
Sec. 6. That, at the option Of the de.
positor, gold Or silver may be cast INTO
bars or ingots Of either pure metal or
of standard linencss, as the owner may
prefer, with a stamp upon the same,
designating its weight and fineness; but
no piece, Of either gold or silver, shall
be cast into bars or insots Of less
weight that ten ounces, except pieces of
one ounce, of two ounces, Of three oun.
ces, and of five ounces, all Of which pie.
ces Of less weight than ten ounces shall
be of the standard fneness, with their
weight and fineness stamped upon them;
but in cases when the gold and silver
deposited be coined or cast into bars or
ingots, there shall be charge to the de.
positor, in addition to the charge now
made for refining or parting the metal5,
Of ne.half one per cent. The money
arising from this one half per cent shall
be charged to the Treasurer Of the mint,
and from time to time, on warrant Of the
Director Of the mint, shall he transfer.
red into the Treasury Of the Uni..d
States: Provided, hoaVerer, that nothing
contained in this section shall be coll.
sidered as applying to the half dollar,
the quarter dollar, the dime and half
dime.
Sec.7 That from time 10 time there
shall be struck anil coined at the mint OF
the United States and the branches there.
Of, conformably in all respects to law,
anl conformably in all respects to the
stan lard Of gold coins now established
by law, coin of gold of the value OF
three dollars, or units, and all the pro.
visions of an act entitled "an act to au.
thorize the coinage Of gold dollars and
:, double eagles" approved March third
eighteen hundred and forty.nine, shall
> be applied to the coin herein authoriz
ed, so far as the same may be applicable
but the devices and shape of the three
dollar piece shall be fixed by the Secre
tary of the Treasury.
Sec. s. That this act shall be in force
from and after the first day Of June next
-Louisrillc Courier.