New Orleans Republican., 1873-03-13
@EW opIEANs REpnR1CAN THURSDAY MARCH H. 1878

eral mints, and at the assay office in New
York city, III exchange tor gold coins at
par in sums not lees than one hundred
dollars: and it shall be lawful. also. TO
transmit parcels of the same. from time 10
time to the assistant treasurers. deposita-
ries and other officers of the United States,
under general regulations proposed by the
Director of the Mint and approved bv the
Secretary of the Treasury; but nothing
herein contained shall prevent the payment
of silver coins, at their nominal value. tor
silver oarted from gold. as provided in
this act, or for change less than one
dollar in settlement Tor gold deposits
provided. that for two years alter
the passage of this act. silver coins
shall be paid at the mint in Philadelphia
and the ASSAY Office in New York city for
silver bullion purchased tor coinage, under
such reUuIations AS NAV be prescribed hv
the Director of the Mint. and approved bg
the Secretary of the Treasury.
SEC. %. That for tn. purchase Of metal
for fine minor coin..a authorized by ,iiis
act. a sum not exceeding fifty thousand
dollars in Lawful! MONEY of the United
States shall be transferred by TIE Secretary
of the Treasury to the credit If the super
;nta0dz1t of the mint 1t P...aieirhia, AZ
which nstahIishuent o2;y. unit! otherwise
urnyiIra hy Inv sucl t,;nagc shall he car
ri.i on The sl,Darintcu.!eut with the an
o,oy,l o, the Director OF the Mint rs ~
nr;ca terms and QUANTITY, shall prrchas.
HE meta, rcauired for such c0lunte by
Dubli.. advertisement. an,. the lowest ard
hest bid shall, be accepted. III. tncncss OF
tLe metals to he determined on the mint
ASSAY. The gain arising from the coinage
n. such metals into coin of d nominal value.
eyeaedin, the cost thereof shall be credited
tn tha snecisI fl1ud dcnOmiuatcd the minor
coipaoe nrotit fund: and this fund shall be
CHARGED with the wastage incurred in such
coinage. and with the cost VI distributing
said coins as hereinafter provided. Inc
balance remaining to the credit OF this
fund, and any balance of prOntS accrued
from minor coinage under former acts,
| shall be. from time 20 time. and at least
twice a year, covered into the treasury OF
the United States.
SEC 80. That the minor coins authorized
bv this act may, at the discretion of the
Director Of the Mint, be delivered IN any
of the principal cities and towns of the
United States, at the cost of the mint, for
| transportation, and shall be exchangable
| at par at the mint in Philadelphia. at the
| discretion of the superintendent, for any
| other coins of copper. bronze, or copper
nickel heretofore authorized by law; and 1t
! shall be lawful for the Treasurer and the
| several assistant treasurers ana ueposl1'
| aries of the United States TO redeem, in
| lawful money, under such rules as may be
| prescribed by the Secretary of the Treas
ury, all copper, bronze, and copper er-nlckel
! coins authorized by law when presented IN
sums of not less than twenty dollars; and
| whenever, under this authority, these CONS
! are presented for redemption i'll such quan-
tity as to show the amount outstanding to
| be redundant, the Secretary OF the Treas
urv is authorized and required to direct
| that such coinage shall cease until OtheJ-
| wise ordered By him.
| Src 3, That parcels of bullion shall De
from fine TO time transferred by the super
intandpDt to the melter and retiner; q care
| ful record of these transfers. noting the
| u,aight and character OF the bullion, .hall
Ina lent and vouchers shall be taken for
+ha delivery OF the same, duly ra-
cainted ty the melter and refiner, and the
| hntIion fins placed in the hands of the
maIter ami retiner shall be subjected 10 the
| several processes which may be necessary
! to form # into ingots of the legal standard
| and OF q quality suitable for coinage.
SEC. 81 That the ingots so prepared shall
be assayed. and if they prove to be within
the limits allowed for deviation from me
Standard the assayer shall certify the tact
10 the superintendent, who shall thereupon
receipt for the same. and transfer them tC
the cOner.
SEC. SO. That no ingOts Shall be used tOl
coinage which differ from the legal stand
ard more than the following proportions
namely: In gold ingots. one thousandth; IL
silver ingOts, three thousandths; IN mInoi
coinage alloys, twenty-five thou-andths. II
the proportion of nickel.
SEC. 81. That the melter and rehnel
shall prepare ali bars required Tor the pay
ment OF deposits: but the hneness therc"l
shall be ascertained and stamped Thereon
| by the assaver; and the mclter and refine
shall deliver such bars to the super!ntend
ent, who shall receipt for the same.
SEC 81. That the superintendent shall
from time to time, deliver to the conner III
gots fjr the purpose OF coinage; careiu
record Of these transfers, noting the weigh
and character of the bullion, shall be kept
and vouchers shall be taken tor the deilv
ery OF the same, duly receipted by til
coner; and the ingUts thus placed III tn
hands of the coiner shall be subjected TO tn
several processes necessary 10 make iron
them coins in all respects cOntormabo t
law.
Svc 26 That in adiust1np the weights O
+bo gnId coins. the following deviation
sbaIls not he exceeded in any slngl
IieI.a. In the double eaqle and tn
raoIp one-halr of a grain; in the hall
aarIa the three-dollar niece. the quarter
ea9Ie and the one-dolIar piece, one-fourt
Of Grain. And in weighing a number o
nipces topether. when delivered by tn
conner to The superin,endent, and by tn
snnerintendept to the deposition, the devis
tian from the standard weight shall not eA
coed one-hundredth of an ounce in five thor
sand dollars in double eagles. eagles. hall
+ eagles. or quarter eagles, in one thousan
, | thToo doIItr nieces. and in one thOusan
, | ona-doIiar nieces
, SEC n That in adjusting the weight Q
, tba silver coin the following deviation
. ILL nnt he exceeded in any single piece
In The dollar. the half and quarter doIlal
and in the dime, one aud One-half grains
= and IN WEIGHING large numbers of piece
, tnTatber when delivered by the cOiner I
tLc s,na,intendent. and by the superb