The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-03-24

winch COINS s onu amount not eXceeuins '"0n'! NV"
cents any one pay no coins either of gold silver,
minor s ,Sose Of the denominaions stand
mint otie Weight herein set forth.
ar Ss 49, That upon the CONS u the United States
theIo a si1e there shall be an impression embematid
on iherty with inscription of the word Liberty"
and The year of the coinage and upon the reverse |
be the figure representation of eagle with
The inscriptions United States OF America'' and E
pinrilus Unum." and designation of The value of |
the COIN but the dollar Id ad threedollar piece
the dime, fye three and one cent piece the figure of
the eagle shall be comited and the the
silver irade-dolar the weight and The neness of the
coin shall be inscribed; and the Director of the Mint,
with the approval of the Secretary of the Treasury
scnbed upon such coins shall admit of such motto
and one of The foregoing inscriptions may be on the
rim of the gbld and silver cains.
SFC 10 THAT at the option of the owner, gold or |
silver may be cast into bars OF fine metal or OF sand-
ard nneness or impaired, as he may prefer, WIN a
stamp upon the same designating Tue weisnt anu
tineness and with such devices impressed thereon as
NAV be deemed expedient to prevent fraudulent ml-
Iation and no such bars shall be issued OF less
weight than five ounces. ,,,,.,, ao |
nost the same at any mint as be formed into COIN OF
bars for his benefit; but 1T shall be lawful 10 refuse
any deposit of less value than one hundred DOLLARS or
anu hn 50 base as to be unsuitable for the opera
tions of the mint AMI when gold and silver are COM
bined either metal be in such small proportion that
II cannot be separated advantageously no allowance
shall be made 10 the depositor for its value
SEC 81 That any owner of silver bullion may de-
nOsif the at MINT, 10 VI
into dollars of the weight Of four hundred and twen
ty grains troy designated in this act tradedollars
and no deposit of silver for other coinage shall be re-
ceiyed but silver bullion contained in gold deposits
aud separated the erom, may be paid for in silver
coin at such valuation may be- from time to time,
established by the Director of the Mint
SEC. %. That when bullion is deposited in any OF
the mints, it shall be wei he'd by the superintendent
and when practicable, in the presence Of the depos
itor, to whom receipt shall be given which shall
state the descrp ion and weight of the built n but
when the built is in such state as to require melt
ing the removal of base metals before its value
can be ascertained the weight after such operation
SHALL be considered the true weight Of the bullion
deposited The fitness of the bullion to be received
shall be determined by the assayer and the mode ol
melting by the meter and refner.
SEC. %. That from every parcel OF bullion depos-
tied tor Coinage bars the superintendent shall de-
liver to the assayer sufficient portion Tor the pur-
pose of being assayed but all such bullion remaining
from the operations Of the assay shall be returned to
the superintendent.
SEC "a. That the assayer shall report to the
perintendent the quality or fneness OF the built n
assayed by him, and such information as will enable
him to compute the amount of The charges hereina-
ter provided for, to be made to the depositOr
SEC. %. That the charge for converting standard
gold bullion into coin shall be one-tfth OF one pei
ana ne s 0r rnnp ghen bun
is below san,lard for tou5htning when metals art
contained in it which render it unfit for coinage, fol
,pper used for alloy when the bullion Is above
dard for separating The geld and silver when these
metals exist together in the built H. aud for the prep
araisn OF bars, shall be fixed. from time to time 6y
The Director with the concurrence Of The Secretary
of the Treasury, so as to equal but not exceed in
their judgment. the actual average cost to each mint
and assay-oce of the material, labor wastage anu
of machinery employed in each of the afore
menti ned
SEC rs. That the assayer shall verify all calcnla-
lions made by the superintendent of he value of de-
posits and if satsliei of the correctness thereof
snail countersin the certificate required to be given
by the superintendent the depesitor.
SEC. u. That in order to procure bullion for the
silver coinage authorized by this act, the superin-
tendents, with the approval of the Director OF the
Mint as to price Terms aud quantity shall purchase
from the coinage of such silver bullion into in of
nominal value exceeding the thereof shall b.
credited to special fund denominated the silver
profit fund. This fund shall b, charged with til.
wastage incurred in the silver coinage and with the
expense Of distributing said coins hereinafter pro-
vldet The balance to the it of this fund shall
be from time to time, and at least twice year. pail
into the treasury OF the United States.
Sec. 29. That silver coins other than the trade.
dollar shall be paid out at che several mints and a,
the assay-Ufiice in New York city, IN exchange fol-
dollars; and it shall be lawful al 90 to transmit mar
GELS OF the same, from time to time to the assistant
treasurers, depositares, and otLer officers of the
United Stafes under general regulations proposed By
the Director of the Mint and approved by the Secre
tary OF the Treasury but nothing herein cant ineo
shall prevent the payment of silver COINS at their
nominal value for silver parted from gold as provii-
in this act, or for change less than one dollar IN,
settlement for gold deposits: Provided, Th4t fol
two years after the passage of this act silver coins
81 all be paid at the mint in Philadelphia AMI the as
say-ofice in New York city for silver bullion pur-
prescribed by the Director of the Mint and approved
by the Secretary of the Treasury.
SEC 20: That for the purchase of metal for the
minor coinage authorized by this act, sum not ex-
ceemg fifty thousand dollar in lawful money of the
United States shall be transferred by the Secretar,
of the Treasury to the credit of the Superintendent,
of the mint OF Philadelphia, at which establishmen
only, until otherwise provided by law, such c1,nag.
Snail be carried on. The Superintendent with the
approval OF The Director of the Mint as to price
terms and quantity shall purchase the met al reoui-
ed for such coinage by public advertisement and the
lowest ana pest BID shall be accepted the fneness
tie metals to be determined on the mint assay. The
gain arising from the coinage ofsuchmetals to be da,e1
mined on the mint assay The gain arising from the
coinage OF such metals in coin Of nominal yaue ex-
ceedng the cost thereof shall be credited to the specia
fund denominated the minor-coinage proft f1nd
and this fund shall be charged with the wastage in
CURED in such coinage and with the cost of dstrb-
ing sal! Gins as lit reinafter provided The balance
remaining to the credit of this fund.- and any balance
acs, shall be, from time to iime and at least twice
year, COZ cred into the treasury of the United States
PEG. 81. mat the minor coins authorized by this
Mint, be delivered in any of the principal cities and
to" us OF the United States, at the cost of the mint
for Transportation, and shall be exchangeable par
at the mint in Philadelphia at the discretion of the
superintendent for any other coins copper bronze
o copper-nickel heretofore authorized by law: and
it shall be lawful for the Treasurer and the sever
al assistant reasurers and depositaries of the United
States to redeem in lawful money, under such rules
as may be prescribed by the Secretary of the Treasu
ry all "copper" bronze and copper nickel coins author
lied by law when presented in of not less than
these coins are presented for redemption in such
quantity as to show the amount standing to be
redund Mt the Secretary Of the Treasury is aufhorz
ed and required to direct that such coinage shall
C. ase until otherwise ordered by him
=, SEC 81: That parcels of bglion shall be, from
transfers noting the weight and character of the
the delivery of me same duly receipted by the ee
and reiner and the bullion thus placed In the hands
of the meier and retner shall be snbecteJ to tie
several processes which ha
into ingots OF the legal standard, and of quality
suitable for coinage. 9'
sayed and it they prove to be will bin the Limits al
lowed for deviation from the standard the assave |
s cer.ly tLe 1act to the superintendent, who shall
the cJner. 'AA ~
SEc. 81. That no lngots shall be used for coinage
which difef from the legal standard more than tS,
following proportions, namely: in g Id ingots. on,
housandth; In silver ingots, three tIiousandths; in
alloys, twenty-five thousandths, in the
SEC. 81 That the melter and refiner shall prepare
I'll bars required for the payment of Deposits but the
tneness thereof shall be ascertained and slammed
nefeon by the assayer; and the melter and reiiner
hall deliver such bars to the superintendent who
SEC 80. That the superintendent SHALL from time |
20 tne denver to the coner ingos for the purpose of
coinage; careful record of these transfers no ing
he we ght ami character of tho built, shall be |
Kept, and vouchers shall be taken for the delivery o.
he same, duly rec iptel by the coiner and the in
gos thus placed in the hands of the coner shall he
bjeeted to The several processes necessary to make
rom them coins in all respects conormable to law
SEC. &c. THAT in adjusting the weights of the gold
ons, the following devati shall not be ex eeded
any single piece: In the double-eage and the ca
sie one-ialf OF grain; in the haf-eagle the three
inaI piece, the quarter-eagle, and tie one-dollaI
pee, one-fourth of grain. And in weighing |
hunper OF pieces together, when delivered by the |
coer 70 the superintendent. and by the supernfend
eh 70 the depus1tor the iItjdn from the standard
weaSht shan not exceed one-huntredth OF an ounc |
In nv tnousani dollars in douoie-eagIes eaCas haTf
tgies, or quarter eagles in thousand fhre.Jni
lar pieces, and IN one thousand one-dollar niece
SEC 81. That in adjusting the weight of the si1,o
coins the following deviations shall moi be exceedad ~
any sin ,le piece: In the olar, tue ha an Umarfa
DOLLAR aud in the dime, one and One-har grains: ami
in weighing large numbers OF pieces to gether 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 hum
dredths OF an ounce IN one thousand dollars half dol
lars, or quarter-dolars, and hunlr edtu OF IN
ounce in one thousand dimes.
SEC 49, That in a ijustIug the weight of the minor
coins provi led by this act, there shall be greater
dev1lti0n allowed than three grains for the ye-cent
piece anu two grains for the three and one cent |
piece. A'
SEC 80. That the coiner shall, from to time as
coius are prepared, deliver them to the superintend
ent who shall receipt for the same and who shall
keep careful re ord Of their kind number. and ac
tual weight; aud in receiving coins it shall be the du-
ty OF The superintendent to ascertain by the trial of
a number OF single pieces separately whether tn.
coins OF that delivery are within the legal limits of
the stan lard weight; and if his trials for this nur,ose
nnf cnft .nfA l