New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-03-04

convenient, be remelted.
SEC. 40 That at every delivery Of soi,.
made by the coiner to superintendent !
shall be the duty CT such superintendent -
the presence of the assayer, to take ipd;a
criminately certain number of pieces ~
each variety for the annual trial Of cav Nv
the number of gold coins being not less tha1,
one piece for each one thousand pieces :.
any fractional part of one thousand pipos.
delivered; and for silver coins one pieea r..
each two thousand pieces or any fractionaj
part of two thousand pieces delivered. n.
pieces 80 taken shall be carefully sealed ~
in an envelope. properly label ed, stating TIA
date of the delivery. the lhmber and d.
nomination of the pieces Enclosed, and Ia
amount of the delivery from which ths,
we're taken. These sealed parcels Contaipin.,
the reserved pieces shall be deposited in .
pyx, designated for the purpose at eaS
mint, which shall be kept under the soh
care Of the superintendent and assayer, an
he so secured that neither can have aces
TO its contents without the presence of tn
other, and the reserved pieces in their sea-
ed envelopes from the coinage of each min
shall be transmitted quarterly TO the mint
at Philadelphia A record shall also d
kept at the same time of the number an
denomination of the pieces so taken for tn
annual trial of coins, and the number and
upQOUliudJlUu VI thO piSNNo VI
them and so delivered, copy Of whci
record shall be transmitted quarterly to TIA
Director of the Mint. Other pieces may, At
apy time, be taken for such tests as the D..
rector of the Mint shall prescribe.
SEC. Al. That the coiner shall, from tin,
to time. deliver to the superintendent Tie
clippings and other portions OF bullion 70
manning after the process OF coming; ant
the superintendent shall receipt Tor te
same and keep a careful record OF lhea
weight and character.
SEC. 42. That the superintendent shal
debit the coiner with the amount in weigh
of standard metal of all the bullion place.
in his hands, and credit him with tn
amount in weight of all the coins, clipping
and other bullion returned by him TO tn
superintendent Once at least in every
wear, ard at such time as the Director Of th
Mint shall appoint, there shall be an aceu
rate and full settlement OF the accounts 0.
the coiner, and the melter and retiner, al
which time the said officers shall deliver Gy
to the superintendent all the coins, clip
Isngs, and other bullion in their possession,
respectively, accompanied by statements o.
all the bullion delivered to them since the
las. annual settlement, and all the bullion
returned by them during the same period.
including the amount returned for the par.
pose OF settlement
SEC 40. That. when all the coiGs, clip
pings, and other bullion have been deiiy.
cred to the superintendent, it shall be his
duty to examine the accounts and state
ments rendered By the coiner and the
meter and refner, and the difference DO
tween the amount charged and credited 30
each officer shall be allowed as necessary
wastage, if the superintendent shall be ses
listed that there has been bona tide waste
of the precious metals, and Ii the amount
shall not exceed, in the case OF the 1Gelter
and refner, one thOusandtb OF the whole
amount of gold, and one and one-han thou.
eandths of the whole amount of silver deliS.
cred 20 him since the last annual settle.
ment, and in the case OF the coiner. OLA
thousandth of the whole amount of silver,
and one-half thousandth of the whole
amount of gold that has been delivered 70
him by the superintendent; and all cope.
used in the alloy of gold and silver bullior
shall be sep arately charged TO the lnelte:
and retner, and accounted for by him.
SEC. IL. That it shall also be the duty o.
the superintendent to forward ii correct
statement of his balance sheet at the Gloss
of such settlement, to the Director OF the
of gold and silver bullion and coin on hand
with the total liabilities of the mint. At the
same time statement of the ordinary ~.
pense account, and the moneys therein,
shall also be made by the superintendent
SEC. IS. That when the coins or bars
which are the equivalent to any deposit o.
bullion are ready for delivery, they shaI:
be paid TO the depositor, 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 10 tho
mint; but in cases where there is delay II
manipulating refractory deposit, or foe
any other unavoidable cause, the payment
of subsequent deposits, the value OF which
is known, shall not be delayed there hr; anC.
III the denominations of coin delivered. the
superintendent shall comply with the wishes
of the depO5itor, except when impra":.caels
or announcement to do SO.
SEC 4G. That impaired 6uIlion MAJ 20
exchanged at any OF the mints Toy mo
bars. on such terms and conditions as may
be prescribed by the Director of the Mint,
with the approval of the Secretary al the
Treasury: and the iucn.ss. weigh. anG
value OF the bullion received ami givp!. q.
exchange shall in all eases be setermines
by the mint assay. The charge 20 the 9.
poSitor for refining or parting shall hot eG
coed that allowed and deducted to: .be
same operation in che exchange -: arFo-
lined for refined bullion.
Sec AZ. That for the purpose 81 enlo
bling the minis and the assay office ia New
York to make returns to depOsitOrs with ~
little delay as possible, it shall be the data
of the Secretary Of the Treasury 20 keep n
The said minis and assay Office. when the
state eff the treasury will admit thereof.
such an amount of public money, OF bullion
procured for the purpose, as he shall Judge
and necessary, out Of which
those who bring bullion to the said mints
and assay Office may DO paid the value
thereof, in coin or bars, as soon as pracU.
cable after the value has been asCertaineG,
and on payment thereof being made. ths
bullion SO deposited shall become the prop-
erty OF the United States; but the Score
tary of the Treasury may at any time Wig
oraw the fund, or any portion thereof
SEC. AZ. That to secure due cOntorNit9
in the gold and silver coins to theic rpspes
tive standards of fneness and weight, the
Judge of The district court al ths United
States for the eastern district of Prnnsyl-
'anla, the Controller of the Currency. the
assayer OF the assay Office a New York anc
such other persons as the President shall
from ti'ne to time, designate, shall meet az
assay commissioners, at the mint in Phils
deipha. 10 examine and test, in the preseucs
%! ihr~lIirectOr of the Mint, the tncu-s snt
weight Of the coins reserved by the seyess
MINIS sOr this purpose Oh the secu0,o
wednesday IN February. ANNUALLY. ANA mag
c"nt."!!s their meetings by RdivUIn,aeg: e
nec."'.,"y. If q majority "f the conimissioa
c!- -'..ii TAI. I" attend at any time az pGlr'S,.
70! ,".i" meeting. the Director Of Ire. ;{lDR
STALL call 4 meeting OF the comm.s-toL... 3s
such "i,er time as he may deem Convenient,
am: ii il shail appear by such rsasrIu.tjoS
ant tics; That these COINS DO 30. ,,i.iae tociS
'h"-tandard tineness ard weight l.. = grea,e9
iUanhf; than i. allowed ny law, ~. ,'iol
sha!l be considered and reported .. ss:le
factory; but Il ans greater acv.,.rE :s"s
the legal standard or weight shall appear
thus :a.. shall be certified to Che IRE ''ieHs
ot tIa United States; and i. "a q "i..gs "
ID: circumstance OF Che ease, n. .i.'! e.
?c"li". the "ffc.v or officer. .n.!.ic1:at !.
the "c:or shall. be ,hen"e!o: war,. .';..Iu aS.