New Orleans Republican., 1873-03-11

SEC. Al. That the coiner shall. from timf
TO time. deliver to the superintendent the
| clippings and other portions ot bullion re
| naming after the process OF coming; ant
! the superintendent shall receipt tor the
same and keep a careful record OF thel
weight and character.
SEC A. That the superintendent: shal
debit the coner with the amount in weigh
OF standard metal of all the bullion placeo
, in his hands. and credit him with the
| amount in weight of all the coins, clippings
and other bullion returned by him TO the
| superintendent Once at least in every
wear, ard at such Tune as the Director of the
| Mint shall appoint, there shall be an accu
| rate and tull settlement OF the accounts OF
the coiner, and the melter and ret1ner, al
| which Ilne the said officers shall deliver up
70 the superintendent all the coins, clip
pings. and other bullion in their possession,
| respectively. accompanied by statements OF
| all the bullion delivered TO them since the
! last annual settlement, and all the bullion
returned by them during the same period.
| including the amount returned .OG the pur'
| pose of settlement
SEC. y. That when all the coins. c'ip'
| pings and other bullion have been deilV.
| cred 20 the superintendent. it shall be his
| dutr - examine the accounts and state
.nents rendered bJt the coiner and the
! ,ne!ter and yetiner. and the difference be-
| tween tn. amount charged and credited TO
! e.t,l. officer shall be allowed as necessary
wastage. if the superintendent shall Dr sat
| ,s:!ed that there has been bona tue waste
| OF the precious metals. and # the amount
! shall not exceed. in the case OF the inelter
and getiner. oue-thousandth OF the whole
| amount OF gold. and one and one-hai thou
sandths of the whole amount of silver doliv.
! cred to him since the last auuud! settle.
Inent, and in the case of the conner. one
thOusandth of the whole amount OF silver.
and one-half thousandth OF the whole
amount eli gold that has been delivered to
him by the superintendent; and all copper
used in the alloy OF gold aud silyel bullion
shall be separated Y charged to the melte
and retiner, and accounted for by him.
SEC Al. That it shall also be the duty of
the superintendent to forward a correct
statement of his balance sheet. at the close
OF such settlement, to the Director OF the
Mint, who shall compare the total amount
of gold and silver bullion and coin on hand
with the total liabilities OF the mint. AT the
same time statement OF the ordinary ax'
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 OF
bullion are ready for delivery, they shall
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 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 deposits, the value of which
is known, shall not be delayed thereby: and
in the denominations of coin delivered. the
superintendent Shall comply with the wishes
of the depOsitor, except when impractIcable
| or inconyenlent TO do so.
SEC IS. That impaired bullion may be
exchanged at any OF the mlnts tor line
bars, on such terms and conditions as may
be prescribed by the Director of the Mint,
with the approval of the Secretary OF the
Treasury; and the fneness, weight and
value OF the bullion received and given in
exchange shall in all cases be determined
by the mint assay. The charge to the de.
postor for refining or parting shall not eX.
ceed that allowed and deducted for the
same operation in the exchange OF unre.
fined for refined bullion.
SEC Il. That for the purpose OF emma.
bling the mints and the assay office in New
York to make returns to depOsltOrs with as
little delay as possible it shall be the duty
| OF the Secretary OF the Treasury TO keep in
the said mints 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 who bring builion to the said mints
! and assay office may be paid the value
| thereof. III coin or bars, as soon az Dracti-
cable after the value has been ascertained:
| and on payment thereof being made. the
| bullion so deposited shall become the prop.
| erty Of the United States; but the Secre-
| tary OF the Treasury may at any time with.
Draw the fund. or any portion thereof.
| SEC. Is. That to SECURE a due conformity
! in the gold and silver coins to their respec.
| tive standards of tiueness and weight, the
| Judge OF the district court of the United
| States for the eastern district of Pennsyl.
yania. the Controller of the Currency. the
as3ay"r of the assay office at New York. and
| such other person as the President shall.
| !Iom time to time. designate, shall meet as
| assay commissioners, at the mint in Phila-
| delphia. to eXaminc ana test. in the presence
| of the Director OF the Mint. tho tnenss ard
| weight of the COINS reserved by the several
| mlntS tor this purpose. on the second
| ednesday IN February. annually. and may
| continue their meetings by adjournment, if
| necessary: Il a majority of the commissions
| ers shall fail to attend al any time appointed
| for their meeting. the Director of the Mint
shall call meeting of the commissioners at
such other time as he may deem cOnyeniert T.
and If it shall appear by such examination
and test that these coins do not differ from
| the estandard lineness ami weight by a greater
quantity than is allowed bv law, the trial
snail be considered and reported as salts
factory; but if any greater deviation from
the legal standard or weight shall appear.
this fact shall be certified to the President
Of the United States; and if, on view Of
the circumstances of the case. he shall so
decide, the officer or officers imr,Iiratnd ;n
the error shall be thenceforward disouali.
tied from holding their respective Offices.
SEC. ~. That ior the purpose of securing
due conformity in the weight of the coins
OF the United S ates to the provisions of
this act. the brass trov-nound wrigh, ,ro.