Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1873-04-05
LAWS OF THE UNITED STATES,
Passed at the Third Session of the Forty
+ Second Congress.
PUBL IsHE By AUTHORITY
GENERAL NATURE-No. 27.1

lGENERAL NAIU RENO. Il. -f
Sec. 30. That at every delivery of coins made
| by the coiner to superintendent. it shall be
| the duty OF such superintendent, in the pres
ence of the assayer to take indiscriminately 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 thous
| sand pieces or any fractional part of one thou.
| sand pieces delivered; and for silver coins one
piece for each two thousand pieces or any fracs
tional 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 denomi.
nation Of the pieces inclosed, and the amount of
seal ed parcels containing the reserved piece
shall be deposited in a pyx, designated for the
purpose at each mint, which shall be kept I'M
der the joint care of the superintendent and
assayer, and be so secured that nither can have
access to its contents without the presence of
the other and the reserved pieces in their sealed
envelope from the coinage Of each mint shall be
transmitted quarterly to the mint at Philadel-
phia. A record shall also be kedt at the same
of the same time of the number and denomi-
nation of the pieces so taken for the annual trial
of coins, aud of the number and denomination
of the pieces represented by them and so de-
livered, copy of which record shall be trans
mitted quarterly to the Director of the Mint.
Other pieces may, at any time, be taken for
such tests as the Director of the Minis may pre-
scribe. o,- ,.-..-.es5 .-..t.i
Sec Al. That the coiner shall, from time to
time, deliver to the superintendent the clip
pings. and other portions of bullion remaining
after the process of coming and the superin-
tendent shall receipt for the same and keep
careful record of their weight and charac-.
ter ..s s.--
Il Sec a. That the superintendent shall debit
the coiner with the amount in weight of stand
ard metal of all the bullion placed in his hands,
and credit him with the amount in weight of
ha snc o1i,or,f md hu1
turned by him to the superintendent. Once at
least in every year, and at such time as the Di-
rector of the Mint shall appoint, there shall be
an accurate and full settlement of the accounts
of the coiner, and the melter and refner, 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 statement of all the bullion
delivered to them since the last annual settle
ment, and all the bullion returned by them du-
ring the same period, including the amount
returned for the purpose of settlement.
Sec. 43. That when all the coins, clippings
and other bullion have been delivered to the SUI
perintendent, it shall be his duty to examine
the accounts and statements rendered by the
coiner and the melter and refner, and the diff
ference between the amount charged and cred
tied to each officer shall be allowed as neces-
sary wastage, if the superintendent shall be
satisfied that there has been q bona fde waste of
the drecious metals, and if the amount shall not
exceed, in the case of the melter and refner,
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 half theusandth of the whole amount
of gold that has been delivered to him by the
superintendent; and all copper used IN the alloy
charged to the melter and refner and accounted
for by him. s.7Ha pig -
Sec A. That it shall also be the duty of the
superintendent to forward correct statement
of his balance sheet, at the close of such settle.
ment, to the Director of the Mint, who shall
bullion and coin on hand with the total liabili-
ties of the mint. AT the same time statement
of the ordinary expense account, and the mon
eys therein, shall als0 be made by the Superin-
tendent.
Sec IA That when the coins or bars which are
the equivalent to any deposit of bullion are
ready for delivery they shall be paid to the de-
postor, 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 depo ;its, the value of which is
known, shall not be delayed thereby and in the
denominations of coin delivered, the superin-
tendent shall comply with the wishes of the de-
positor, except when impracticable or inconven-
lent to do so. -7sas
Sec. A. That impaired bullion may be ex-
changed at any of the mints for fine bars on
such terms and conditions-as may be rrescrib-
ed by the Director of the Mint, with t6eappro-
val of the Secretary Of the Treasury; and the
ineness, weight and value of the bullion receiv-
ed 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 that allowed and deducted for the same
operation in the exchange of unrefned for re-
fined bullion.
> Sec. Al. That for the purpose of enabling the
minis and the assay Office in New York to make
returns to depositors with as little delay as pos
sble 1t shall be the duty of the Secretary of the
Treasury to keep in the said rmlnts and assay
office when The state of the treasury will admit
thereof such an amount of public money, or
bullion procured for the purpose, as he shall
judge convenient and necessary, out of which
those ,uho hrinn hulinn 10 the said minis and