New Orleans Republican., 1873-03-13

SEQ. IL. That the coiner shall. from tlmo
TO time, deliver to the superintendent the
clippings and other portions OF bllllon re
manning after the process OF coming: ana
the superintendent shall receipt tor the
same and keep careful record OF :heir
weight and character. >,
SIC II. That the superintendent shan
d.hit the coner with the amount in weight
of standard metal of all the bullion placed
in his hands. and credit him with the
amount in weight of all the coins, clippings
and ether bullion returned by hum 10 tie
superintendent. Once at least IN every
year, ard at such time as the Director OF the
Mint shall appoint, there shall be an aeeu
rate and tull settlement of the accounts OF
the cuiner, and the melter and retlner, at
which time the said officers shall deliver up
to 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 bulilon
returned by them during tdc same PERIOD
including the amount returned .or the pHf-
pose OF settlement.
SEC. A. That when all the coins. c,iu-
pings. and other bullion have been Gel!v-
cred to the superintendent. 1t shall ba hie
duty to examine the accounts ANA state
,neuts rendered hr the GOiTcr and the
meter and ref!ner. and the GItGr6 nee be-
tween the amount charged and credited to
each officer shall h" allowed as necessary
wa.ta,se. If the supcrnt' t'nden' &atii be sat
istitd that there has been u bora 'I!c vast"
of the precious metals, and Ii the amount
shall not exceed, i'll the case q the !nelter
and veliner. onc-thousandth OF the whole
amour. of gold, and one and onr-halt thnu-
sandths of the whole amount Of silver deiiv-
cred to him since the last annual settle
mcnt, and in the case OF the cOlnfr. on"
thousandth of the whole amount Ot silver.
and oue,half thousandth of the whole
amount of gold that has been delivered 70
him by the superintendent; and ak copper
used in the alloy Of gold and sllyeI bullion
shall be separately charged to the meiteT
and retincr, and accounted for BY him.
SEC. Al. That it shall also be the datv ol
the suprrintendent 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 mIuto Al the
same time a statement of the ordinary cX'
pense account, and the moneys therein.
shall also be made by the superintendent.
SEC. As. 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 SHAH
be made, if demanded. in the order IN when
the bullion shall have been brought TO the
mint; but in cases where there i5 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 impractlcable
| or inconvenent to do so.
SEC. f6. That impaired bullion may De
| exchanged at any of the mints tor tine
| bars, on such terms and conditions as may
| be prescribed by the Director of the Mint.
with the approval of the Secretary OK the
! Treasury: and the tineneSs, 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-
| pOsitOr for refining or parting shall nor rX'
ceed that allowed and deducted for the
same operation in the exchange o! unre-
| fined for refined bullion.
SEC. IL. That for the purpose OF emma.
bling the mints and the assay office i'll New
| York to make returns to depOsitors with rs
| little delay as possible. it shall be the duty
| of the Secretary Of the Treasury to keep III
| 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 pun pose, as he shall Judge
| convenient and necessary, ont OF when
| those who bring bullion to the said mlnt1
an. assay office may be paid the value
thereof, in coin or bars. as soon as praCTl
cable after the value has been ;.scerta!ued;
and OF payment thereof being made. the
hnlion so deposited shall become the prop
ertv of the United States; but the Sccrc
taly of the Treasury may AT any time with
GrHw tue fund. or any portion thereof
| SEC. Is. That to secure a due con!o.lnltN y
in the gold and silver coins (" their r.spec
tive standards of tineness and weight, the
Judge of the district court of the United
Statcs for the eastern district 0l PrEusyi
yania. the Controller of the Currency. th'
assaycr of the assay Office at New York ant
such othr: persons as the President shall
| from time to time. designate. shall meet az
| ASSAY commissioners. at the mint III Phlia
delphia. to examine ana test, in the presence
of the Director OF the Mint the tinenS- ant
weight of the coins reserved by the scvtTa
mints for this purpose. on the secon'
| Wednesday in February, annually. and ma,
continue their meetings by adjournment. l
| necessary: ii a majority OF the commission
ers shall fail to attend at any time appontc'
for their meeting, the Director of the Min
shall call a meeting of the commissioners a
such other time as he may deem convenient
and If it shall appear by such examination
and test that these coins do not differ from
the standard tineness AMI weight by create
, quantity than is allowed by law, the trla
shall be considered and reported az sa.is
factory; but if any greater deviation frUl
the legal standard or weight shall appear
this fact shalt be certified to the Pgcsden
of the United States: and II, on a view q
the circumstances of the case. he shall 5
decide. the officer or officers implicated II
the error shall be thencciOrward disquai
fed from holding their respective Offices
SEC -. That ior the purpose of scculin
a due conformity in the weight of the com
OF The United ) 8tes to the provisions .
. thi. act. the brass troy pound weight prt
, cured by the Minister OF the United State
at London. i'll ;e year eighteen hundre
/; and TWEEN: v-sev"n, for :he Use of the min
and now III the Cu-tOdv of the mint AT PHI
.deiphi,. shall! be :he standard troy pouD
o, the mint of the United States. conform
. ably to which the coinage thereof shal! !!
regulated.
SEC. 10. Tha: il shall hc the duty Of III
. ! Director of the Mint To procure for 'ac
/ mint and assay office. 20 be kcpt sa.el
, | thrveat. a ,erie. of standard weights CORE
srondiny 10 tho aforesaid troy pound. COZ
. -iS!ing OF Il one pound weight and the u
| uui7itc subdivisions and multiple. thcrco
+ from the hunGreath part OF grain to twel
| " five pounds: and the troy weights ord
| | narily employee! in the tlan-aCtion:. ot nlic
. m,nts and assay Offices shat! be regulate
according 10 the shove standards at i,a
: once in every ycar. under the inspe
tion Of the superb riItcndent an
: assHyeI: and the accuracy Of tl,os.. E-"i
, the mint ~ PHILADELPHIA shall bc tested al
/. nuallv. in the presence Of the assay rnl
| | u's-uncr- at the time OF she annual exam
! | nation and test OF cons.
, SL'. u. That I'll. diverse woriin. ii,
. ~ each mint shall. az The end OF each cal-
i I