New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-03-08

VAR. paid into the treasury of the United

York city. II exchange tor gOld coins az
par, in sums not less than one hundred
dollars; and it shall be lawful, also. 10
transmit parcels OF the same, from time to
time. TO the assistant treasurcrs, depOsita-
ries and other officers of the United States,
under general regulations proposed by the
Director of the Mint and approved by the
Secretary of the Treasury; but nothing
herein contained shall prevent the payment
OF silver coins. at their nominal value, for
silver parted from gold, as provided in
ih. act. or tor change less than one
dollar IN settlement toT gold deposits;
provided. that for two years alter
the passage O' this act, SILVER COINS
shall I've paid at the mint in Philadelphia
and the ASSAY Office in New York 1ety for
silver bullion purchased for coinage, ynder
such regulations as may be prescrlbea 'As
the Director OF the Mint. and apprQEssSNi =
the Secretary %: the Treasury.
SCI. -. Tha. for the purchase of metal
for the minor coinage authorized by this
ac.. q sun, no; exceeding fifty thousand
dollars in lawful money of the United
States shal! be transferred by the Secretary
of The Treasury to the cTedi. OF the super
incendent of the mint At PhllGdelpnla, at
which establishment only. until otherwise
provided Nv law such coinage shall be car
red OF. The superintendent, with the APP
provo. nf the Director OF the Mint as to
price terms and quantity. shall purchase
tn. metal required for such coinage by
public advertisement. and the lowest and
best bid shall. be accepted. the hneness OF
the metals TO be determined on the mint
assay. The gain arising from the coinage
o. such metals into coin o. nominal value,
exceeding the cost thereof. shall be credited
to the special fund denOminated the minor
coinage profit fund; and this fund shall be
charged with the wastage incurred in such
coinage, and with the cost of distributing
saiC! coins az hereinafter provided. The
balance remaining to the credit OF this
fund. and any balance OF profits accrued
from minor coinage under former acts,
shall. be. from time TO time. and at least
twice Il year, covered into the treasury OF
the United States.
Sc, 30 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 owns OF the
United States, al the cost OF the mint, for
TRANSFORMATION. and shall be eXchangable
st par at the mint in Philadelphia, at the
discretion OF the superintendent. for any
ether coins of c1pper. bronze, or copper
nicKe, heretofore authorized by law; and 1t
shall he lawful. for the Treasurer and the
several assistant treasurers and deposit
aries OF the United States TO redeem, in
prescribed by the Secretary OF the Treas
urv, all copper, bronze, and copper nickel
coins authorized by law when presented in
sums OF not less than twenty dollars; and
whenever, under this authority, these coins
are presented for redemption II such guam
thy as 20 show TIE amount outstanding to
be redundant, the Secretary OF the Treas
urv is authorized ana required 20 direct
that such coinage shall ce&se until other
wise ordered by him.
SEC. 4 That parcels OF bullion shall be
from time to time transferred by the super
intendpEt TO the meter and refIer; a care
f,l record OF these transfers, noting the
weight and character oil the bullion, shall
be kept. and vouchers shal! me taken for
the delivery OF the same, duly re-
Ceipted Ly tie melter and reTner, and the
bullion thus placed IL the hands Of the
lnel.er ami retiner shall be subjected TO the
several processes which may ne necessary
IT, t0TII. It into ing0ts OF the legal standard,
and vi . quality suitable Tor coinage.
SEC 81. That the ingOts 50 prepared shall
be assayed. and if they prove 10 he within
the limits allowed for deviation from the
standard, the assayer shal, certify the fact
to the superintendent. who shall thereupOn
recent Tor the same. and transfer them to
the coiner.
SEc. &c. That TO ing0ts shall be used for
coinage which di1ier from the legal stand
ard more than the following proportions,
namely: IL gold ing0ts, one thousandth; in
silver ingots. three tEousandths; n minor
coinage allows. twerty-!iv. th.usandths. III
the proportion o. nickel.
Size. y. That the me,:r. and fefner
shall prepare all bars required for the pay
rlent OF deposits; Du. the tneness thereof
shall re ascertained and stamped thereon
by the assayer; and the Meter ard retiner
shall deliver such bars [" .he supeTlnteud-
ent. vino shall receipt 'cr The same.
SCI. b. That the superintendent shall,
from time 20 time. de.II ~ - the conner i'll
-.Ots for the purpose oi coinage: careful
record o. these transfers noting the weight
and character OF the h,.lior. shall he Kept.
and vouchers shall be taken Tor the deliv.
e.y o. the same. duly ".c-ipteC by the
conner: an.. the IngOt- thus placed III 'hc
hand. .. he come: small Je Ill! jacted 20 the
several processes neC.ssaG" I" make from
them CONS 4 az respects c"uio.Inab.'' "a
law.
SEC - Tia: IL adjusting the weights OF
the god coins. the following. deviatiors
shall; no: be exceeded Il any single
piece: IN the double eagle and tne
eagle. one-hal! OF a grain; IN the half
eagle. the three -dollar piece. the quarter
eagle and the one-do!iar piece, 0ne-fourtil
o. a g:air. .'nd III weighing I. number a:
pieces together. when delivered by the
cO;ner 20 the superintendent. and by the
Superintendent to tie deposi:or, the ,ieNla
ton from the standard weight shall not eX
coed Ore-hUudredth o: an ounce IL i've thou
SAND dollars in 0Ouble-cagle=. eagles. half
eagles. or quarter eagles, n one thousand
thre" dollar pieces. ami L one thousand
Cne-doliar pieces.
Sic y. That in adjusting the weigh: OF
! the silver coin the following de'iations
| shall not be exceeded II any single piece
! In re dollar, the half ana quarter dollar
| and n the dime, one and OneAal; grains
| and IL weighing large number Of piece
| together, when delivered ~ the coine! &c
! the superintendent. and by lie sUpcrin
! teuden. TO the dcpOsltor. the GeViatiOns
! from the standard weight -hai! no' exceed
! two h!ludgeiths OF az oGrce II one thou
| sand dollars. hait dollars ~ 'guarter do!
| las. and One-hUndTedt.! u. az OUNCE IA or
| thousand dimes.
| SEC. IS. That in adjusting the weight o.
| the minor coins provided. ny .a:s act. there
! shall be no greater deviation allowed thar
| .nree grains for the tiye-.ent 'j.eCe and :wC
! grains tor the three and 1ne ,e..- pieces.
! SIC -. THAT tie come >n%I. 1rOE TN.
! 20 time, as coins are prepared. d@.lV"" '.'"n
| 20 .hc superintendent. VINO snail receipt I"l
| the same. and who shall! keep a careful
! record .: their kind. number. ana a"tua
| we .ht : ard II receiving COINS = hall ht
| he duty Of the superintendent :, ascertain
| by the sriai o: IA DU!nbc. ~ single piece.
| separately, whether The CONS u that "fli'
, e!y are within :he legal limits - the stan"
| ard weight: and il his trials :"r his puIros'
! shall not prove satisfactory. he shall cause
! al. me coins OF such ,le.iva.? &c be weighed
| separately. and such As are not o: !cga
| WEIGH. shall ne s!Gtdr1i, an. delivered /,