The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1873-03-13

alloy wlleh the bullion is above standard, for
separating tlis gold and .ilvsr when thssc metals
| exist together I'M ire bullion, and foc the prepar
alton of bars, shall he faxsd from time to time
by the Director. with the concurrence Of tbs
Secretary Of the Treasury, so as to'squal but not
exceed in their Judgment. The actual average
cost TO each min. and ASA Office of The material,
labor, wastsge, and iIss Of machinery employed
in each of the cases Aforementioned
SEC. % That the assayer shall verify all cal
culations mad. by the superin tendent Of the VAL
ue of deposits and if satisfied OF the correctness
thereof, shall countersign the certificate requireG
to be given by the superintendent to the deposi
| tor.
SEC. 81 Yh, in order to procure bullion for
the silver coinage authorized by this act, the gu
perintendents, with the approval Of the Director
of the Mint, as to price, terms, anss Quantity:
shall purchase such bullion With the hizilion-fund
! The gain arising from the coinage OF sEch SILVER
bullion into coin of q nominal valus e2eeseinS
| the cost thereof shall be credited to specia!
fund dsnominated the silver profit fund. Thia
| fund shall be charged with the wastage incurred
in the silver coinage and with tho expense of dis
tributing said coins as hereps ter provided. The
balance to the credit of this fund shall be from
/ time to time and at least twice gear, PAID into
the treasury of the United States.
SEC. 2e That silver COINS other than the tFade-
dollar shall be paid out at tho several minis, and
ct the assay Office in New fork city, IN ezehauss
FOR cold coins at par. in sums not less than our
hundred dollars and it shall be lawful, also, to
transmit parcels OF the same from time to time,
to the assistant treasursrs, depositaries. and 9th
er officers o. the United States, under general
regulations proposed by the Director of the Mint
and approved BY the Secretary Of thu Treasury;
but nothing herein contained Shall prevent tho
payment Of silver coins; at their nominal value
for silver parted from gold, as provided in this
act, or for change less than one dc.iar IN settle
msns for gold deposits: Providsa That foF two
wears after thu passage of this act. silver coAss
shall be paid at the mint in Philadelphia sid the
ASSAY Off Sc in New York city for silver Bullion
purchased for coinage. under sucn regulations ~
may be prescribed by the Dircotos OF me a"a
approved By the Secretary Of the Treasury
SEC. %. That for The purchase of metal for
the minor coinage authorized by this act sun
not exceeding Atty thousand dollars in lawful
morey Of the United States shall be transfe~rea,
by the Secretary Of the Treasury to the credit CT
the SUPERINTENDENT Of the mint at Philadelphia,
at which establishment only, until otherwise pro-
vided by law, such coinage shall be carried on.
The superintendent, with the approval Of the ID
rector Of the Mint to price, terms. and quaint
ty, shall purchase the metal required forsaSuch
coinage by public advertisement. AMI the lowest
and best bid shall be accepted the fnsness OF sts
N etals TO be determined on the mint assay. The
gain arising from the coinage OF such metals INTO
coin Of nominal value, excseding the cost there
Of shall be credited to TIE special fund lsnsmiua
ted the minor coinage profit fund; And this funa
shall be charged with the wastage incurred III
such coinage, and with the cast Of distributing
said coins as hereinafter provided. Inc balance
remaining to che credit OF this fund and any
balance of profits accrued from minor coinaga
under former acts, shall be. from time to time.
and at least twice year, covered INTO tRe treas
ury Of tae United States.
,oaIp ny
this act NAV, at the discretion OF the Direcfor OF
the Mint be delivered in any OF the principal
cities nad towns Of the United States at tia coss
Of the mint. for transportation, and snail De c1,
chanseablc at par at the mint in Philadelphia, as
the discretion OF the superintendent, for any OLE
er coins of copper, bronze or copper nickel here,
tofore authorized by law and ii shall be lawfnl
for the Treasurer and the several assistant treas
ur.rs aud depo.itaries Of the United States 10 re-
d,srl in lawful monsy under such rules ss E,ay
he prescribed by the Secretary Of the Treasury
all copper, bronze, aud copper nickel coins ao-
thorized by law when presented IN sums OF not
les. than twenty dollars; and Whenever, under
.his authority thesa coins aye presented for re-
demptiou in such quantity as to chow the amo'int
ont staaiiny to be redundant, the Secretary Oft
Treasury is authorized and required to direc.
thst such coinage shall cease until otherwise or
dersa by hinl.
SIC 81. That parcels Of bullion she'll be, from
time to time, tran sferrol by tho superintendent
to the melter and reiner; careful reosra OF
these transfers, noting the weight and character.
Of thu bullion, shall be kept. and vsuchers shaft
be taken for tho delivery Of the same, duly re-
csipted BIZ the meter aud refner, and he bullion
thus placed in the hands Of the melter and refner
saaii be subjected to the several processes which
may be necessary to form it into ingots of the ie-
gal standard, and Of quality suitable for com
age. 2 -
SEC 50. That the ingots SO prepared shall be
assayed and if they prove to be within the lin
tia allowed fer deviation from the standard, the
sssayer shall earthly the same to the super'nten-
dent, who shall therenpon receipt Tor the same
and transfer them to the coiner
! SIG. 50. That no ingets shall De used for
| coinage which differ from the legal standard
| moro .han the following proportions, naAsiY
| In gold ingots, one thousandth; IN SILVER IN
| cots, three thousandths; in minor coinage alloys
twenty-five thsusandths,sin the proportion si
| nickel
sEo. 81 That the rnelter and ref.er shall pre-
pare all bsrs required for the payment OF aepca,
| tia bat the Gnepess thereof shall be asertane1
aud stamped thereon by the .asssyer; and ns
matter and reGner shall deliver such para te tho
superintendent, who shall receipt for the same,
| $50. a5 That the super in tendent shall
from time to time, deliver to the eoinsr ingoth
| for the purpose Of ceinagc q careful fsoora o.
I these transfers. noting the We!gnb afie 1u@'".t.
| Of the bullion shall be kept, and vouchers ss@i'
be taken for the delivery Of the same, duly re.
eeipted by the coiner; and the 1gois tnns piasef.
in the hands of the coi,ter shall be subjected 10
the several procssses necessary to make from
/ them coins ia all respects donformabis to law
| SEC So That in adjusting the weights Of he
gold coins the following deviation shall not be ez
Gee led III any sluglepecs: In the doable eagls and
the eagle, half of grain; in the half eagle,
the TIRES dollar peice. the quarter cas'a and Tho
one dollar piece, one fourth ofa grain aud ii
Weighing number of pieces together, when dc
iverad by the caiaer to the superintendent, sid
| by the superintendent to the deposition, the de
| Walton from the standard weight shall 'ssseex
caed enc hundreath fan ounce IN five THOUSAND
dollars in double eagles, eaglas, half eagles, or
qaarer caglas, in t'tousanss'hrca dsltr pieces
! and in ons thousand one dollar pieces st;
SIZE 81. That III adjustng tie weight Of tho
silver coins The following dsT:a;ioss shall not bee
exceeded in any single piece: In the ono dollar, tn
| half and quarter dollar, and in the dime, one and
| one half grains; ana in weighing large numbers
| Of pieces together. when delivered by the ooinef
to the superintendent. and by the superintendent
to the dcpositor the deviasions from the stsnosrd
weight shal not cxceol two hnndrelshs OF al
ounce in one thousand dollars, half dollars, or
quarter dollars. and eao uaira1th OF "a auAs,
| in enc thousand dimes.
Sc. SO. That in adjusting the weight ofsfhs
l~nfI