The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1873-03-25

| SIC. 81. That parcels of bullion
| shall be, from time 10 time, trans
ferred by the superintendent to the meter and
refiner careful record Of these transfers
noting the weight and character of the bullion.
| shall be kept, and vouchers shall be taken fol
the delivery of the same. duly receipted by the
meter and refner, and the bullion thus placed
| the hands of the melter and refner shall be sub
| jected to the several processes which may be
| necessary to form 1t into ingots OF the lega
| standard, and of a quality suiIabe for coinage,
| SIC, 30. That the ingots 50 prepared shall be
assayed and II they prove To be within the limit:
| allowed for deviation tIom The standard, The
assay ershal certify the fact TO the sure ntendent
who shall thereupon receipt Tor the same, ano
| transfer them to the coner
SEC. 49, That no ingots shall be used for coin
| age which differ from the legal standard more
than the following proportions, namely: In gold
ingots, one thousandth in silver ingots, three
thousandths; in minorconage alloys twenty
five thousandths, in the proportion of nickel.
SIC. 81, That the melter and reflner shall
prepare all bars required for the payment OF
deposits; but the fneness thereof shall be ascer-
tanned and stamped thereon by the assayer and
the melter and refiner shall deliver such bars TO
the super intendent who shall receipt for the
same. E.# ..s'.-
SEc. SO. That the superintendent shall, from
time to time, deliver 10 the coiner ngots for the
purpose of coinage; careful record of these
transfers. noting the weight and character of
the bullion, shall be kept, and vouchers shall be
taken for the delivery of the same, duly recepted
by the coiner and the mgots thus placed in the
1880 -
several processes necessary to make from them
coins in all respects conformable to law
SIC. So That in adjusting the weights of the
gold coins. the following deyiations shall not be
exceeded in any single piece: In the double ca
gle and the eagle, one-half of grain; in the
half-eagle, the three-dollar piece the quarter
eagle, and the one-dollar piece, one fourth of a
grain. And in weighing a number of pieces
together, when delivered by the coiner to the
superintendent, and by the superintendent to the
depositor, the deviation from the standard
wpipht n .l,n nI,I, -
ounce in five thousand dollars in double eagles
eagles, half-eagles, or quarter-eagles in one
thousand three dollar pieces, and in one thous
and one-dollar pieces
Sec. 81. That in adjusting the weight of the
silver coins the following deviations shall not be
exceeded in any single piece In the dollar the
half and quarter dollar, and in the dime, one and
one-half grains; and in weighing large numbers
of pieces together, when delivered by the coiner
to the superintendent, and by the superintendent
to the deposition, the deviatons from the stand.
an weiget shall not exceed two-hundreths of an
ounce in one Thousand dollars, half dollars or
quarter dollars, and one-hundredth of an ounce
in one thousand dimes.
SEC. IS. That in adjusting the weight of the
minor coins provided by this act, there shall be
no greater deviation allowed than three grains
for the five-cent piece and two grains for the
three and one cent pieces. .l
SEC. 80. That the coiner shall, fIom time to
time, as coins are prepared, deliver them to the
superint ndent, who shall receipt for the same,
and who shall keep a careful record of their
KIM, NUMBER ana actual weight; and in rpCniy-
ing coins it shall be the duty of the superinten-
dent to ascertain, by the trial of II number OF
single pieces separately, whether the coins of
that delivery are within the legal limits of the
standard weight; and If his trials for this
purpose shall not prove satisfactory, he
shall cause all the coins of such
delivery to be weighed separately, and
such as are not of legal weight shall be defaced
and delivered to the melter and refiner as
standard bullion, to be again formed into jngots
and recoined or, the whole delivery may, if more
convenient, be reynt lied. -.
SEC. 40. That at every delivery of coins made
by the coiner to superintendent, it shall by the
duty of such superintendent, in the presence of
the assayer, to take indiscriminately a certain
number of pieces of each variety for the annual
trial of CONS, the number for gold coins being
not less than one piece for each one thousand
pieces or any fractional part of ono thousand
pieces deiveLed; and for silver coins one niece
for each two thousand pieces or any fractional
part Of two thousand pieces delivered The
pieces so taken shall be carefully sealed MP in
an envelope, properly labeled. stating the date
of the delivery, the number and denomination
of the pieces mciosed, and the amount of the
delivery from which they were taken These
sealed parcels containing the reserved pieces
shall be deposited IN a pyx, designated for the
purpose at each mint, which shall be kept under
the joint care of the superintendent and assayer.
and be so secured that neither can have access
to its contents without the presence, of the
other, aud the reserved pieces in their sealed
envelopes from the coinage of each mint shall
be transmitted quarterly TO the mint at Phla-
delphia, "A record shall also be kept at the
same time of the number and denomination of
the pieces SO taken for the annual trial of coins
and of the number and denomination of the
pieces repre- MED by them and SO delivered, a
copy of which record shall be transmitted quar-
terly to the Director of the Mint. Other pieces
may, at any time be taken for such tests as the
Director of the Mint shall prescribe.
SEC. Al. That the conner shall, from time to time
deliver TO the superintedent the clippings and
other portions Of bullion remaining after the
process of coming; and the superintendent shall
receipt for the sameand keep a careful record of
their weight and character. Hi4 I-H.lsa. 5r..al-
Sec. AZ. That the superintendent shall debit
the coner with the amount in weight of stands
ard metal of all bullion placed in his hands, and
and credit him him with the amount in weight of
all the coins. clippings, and other bullion re.
turned by him to the superintendent Once at
least in every year, and at such time as the
Director of the Mint shall appeint the, @ shall he
an accurate and full settlement of The accounts of
the conner, and the meltep and reflner at which
the said officers shall ddliver up to the superin-
tendent all the coins, clippings, and other bullion
in their possession, respectively, accompaniei by
statements of all the bullion delivered 10 them
since the last annual settlement, and all the
bullion returned by them during the same
period, including the amount returned for the
purpose of settlement
SEQ. 43. That when all the clippings, and
other bullion have been delivere to the slperin-
tendent, 1t shall be his duty to examine the
accounts and statements rendered by the coin
er and the melter and reflner, and the difference
between the amount charged and credit ed to each
officer shall be allowed as necessary wastage, if
the superintendent shall be satisfied that there
has been a bona-flde waste of the precious
metals, and if the amount shall not exceed, in
the case of the melter and refner, one thou
sandth of the whole amount of gold, and one
and one half thousandth of the whole amount
of silver delivered to him since the last
annual settlement, and in the case of the
coiner, one thousandth of the whole amount
of silver, and one-half thousandth of the
whole amount Of gold that has been de-
livered to him by the sup rintendent; and all
copper used tn the alloy of gold and silver bullion
shall be separately charged to the melter and
reflner, and accounted for by him, t.4s
SEC. Al. That it shall be the duty of the SUI
perntendent to forward q correct statement of
his balance-sheet, at The close of such settle
ment. to the Director of the Mint, who shall
compare the total amount of gold and silver bull
lion and coin on hand with the total liabilities of
the mint. At the same time statement of the
ordinary expense account, and the moneys
therein, shall also be made by the supcrintend-
ent - 81 q,
SEC 49, 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 de-
postor' 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 manipula ting a refractory deposit, or
for any other unavoidable cause, the pay ent of
subsequent deposits, the value of which is
known, shall not be delayed thereby; and In the
denominations of coin delivered the snperin
tendent shall comply with the wishes of the de-
positor, except when impraehcable or inconve-
nient to do go. rsEe 10 tEHE-u
SEC. AS, That impaired bullion may be ex-
changed at any of the minis for fine 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 fine
ness weight and value of the bullion received
and given in exchange shall in all cases be de-