The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1873-03-13

SEC. 90. That ct every delivery of coins made
by the coiner to superintendent. it shall be line
duty of such superintendent in the presence Of
the assayer, to take indiscrrninately certain
number of pieces of each variety for the annual
tra' of coins, the number for gold coins being net
less than tne piece for each one thousand pieces
OF any fractional part OF one thousand pieces de-
;ivered and for silver coins one piece for each
two thousand pieces anyfracional part oftwo
thousand pieces delivered. The pieces SO taken
shall be carefully sealed up in an envelope prop
erly labelled, stating the date OF tie delivery, the
| number and denomination of the pieces inciosed
and the amount of the delivery from which t! ey
were taken. These sealed parcels containing he
| reserved pieces shall be deposited in a pyx des-
| ignated for the purpose at each mint which shall
| be kept under the joint care of the superinten
dent and assayer, and be SO secured that neither
can have access to its contents without the pres
Of the other and the reserved pieces in their
| sealed envelopes from the coinage of each mint
shall be transmitted quarterly to the mint at Phil
adelphia A record shall also be kept at the same
time Of the number and denomination Of the pie
ces SO taken for the annual trial Of COINS and of
the number and denomination OF the pieces repre-
scented by them and SO delivered cosy Of which
record shall be transmitted ctac,erly to the Di-
rector of the Mint. Other pieces may st any
time, be taken for SUCH tests ga the Director CT
the Mint shall prescribe.
| SEC. Il. That the coiner shall, from time to
tilae, deliver to the superintendent the clippings
and other portions CT bullion remaining after the
process Of coian: :; aad the 81 ,arintsnd Mt shall
receipt for the same and keep careful record of
| their weight and character
SEC. - That the superintendent shall debit
the coiner with the amount IN weight ofstand.r,l
metal CT all the bullion placed in his hands and
credit him with the amount in weight Of al tie
| coins, clippings, and other bullion returned by
| him othe superintendent. Once st least in ey-
cry year, and at such time as the Director Of the
| Mint shall appoint. there shall be an accurate and
full settlement Of the accounts Of the coiner. and
the meter and refner, at which .ime the said Off
&c shall deliver up to the superintendent all G
coins, clippings, and other bullion in their pos
session, respectively accompanied by statements
Of all the bullion delivered to them since the last
annual settlement, and al. the bullion returned by
them during the sane period, Including the
amount returned for the purpose Of settlement
SEC. IS. That when eli the coins, clippings,
and other bullion have been delivered to the SUI
perintendent. it shall be his duty to examine The
accounts and statements rendered by The ceiner
and the melteI and refner and the difference be
tween the amount charged and credited to each
officer shall DC allowed necessary wastage, if
the superintendent shall be satisfi>a that there
has bcea q bona ht,o waste OF the precious met
| ais, ard If the amount shall not exceed, in the
caseo the 1n-lter and reiinsr. enc thousanaAh OF
the whole amount Of gold, and cne and one half
thoNsancsh Ct the who's amount Of silver deliy
cred o hiIn since the last annual gettlemes, and
in the casa ofthe coiaer, one thousan&i'h CT the
| WI yie amount Of silver and one half thousandth
Of the whole amount Of gold that has been deiiv
cred to hin by the superintendent; an1 al copper
used in lie alley of gold and silver bu!lica shal
be separately charged to the meter and reGrer,
and accounted for by him.
SEC. a. That it shall also be the duty Of the
superintendent to forward q 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 ordinary expense
account. sni the m 7neys therein, shan slso be
made by the superintendent.
SEC. Is That when the cons or bars which
sre the equiyal nj to any DEPOSIT CT bullion are
ready for delivery, they shah he paid to the de
positor, or his order by the superintendent, and
the payments shall be made. if demanded, in The
order ia which the bullion shall have been
brought to the mint; but in cases where there is
delay in manipulating refractory deposit or
fer any other unavoidable cause. the payment OF
subsequent deposits. the value Of which is known.
shall not be delayed thereby and in the demon
nations Of coin delivered, the superintendent
shall comply with the wishes ofthe depositor, tx
cept when impract;eable or ineonveaieat to sc
3d.
| SEC. IS That npar!el bullion may be exchah
| esd at any OF The minis for fine hsrs. en- snch
terms and conditions az may be prescribed by the
Director Of the Mint with the approval Of the
Secretary Of the Treasury aud the fneness,
weight, and value Of the bullion received and Civ
| en- in exchange shall in all eases DE determined
! by the mint essay. The charge to the depositor
for refining or parting shall not exceed that al
lowed and dedacted for the same operation in the
exchange Of unrefined fer refued bullion.
| SEC A That for the purpose Of enabling the
minis and the assay Office in New York to make
returns to dsposioTs with as little delay poasi-
Bile, it shall be the Guty Of he Secretary Of the
Treasury to keep in the said minis and assay Of
fee when Inc state Of the treasury will adn,it
thereof, such an amount Of puhlc money. or bull
ion procured for The purpose, as he shall judge
convenient and necessary, out Of which those who
bring bullion to the said nlints and assay Office
may bs paid he value thereof, in coin or bars as
| soon az practicable after the value has been as-
certained; and on payment thereof being made,
the bullion so deposited shall become the proper
ty OF the United States but the Secretary Of the
Treasury may ct any time withdraw the fund, or
any portion thereof.
SEC. IS. That to secure due conformity in the
gold and silver coins to their respective standards
OF fineness and weight, the judge of the district
court Of the United States for the eastern district
VI @uhSJ 'V&i's, tHo comptroller OF the Currency,
the ASA, er Of the assay Office ct New York, and
such other persons the President shall from
time to time, designate, shall meet as assay-con-
missloners, attha mint in Philadelphia to exam
inc and test in the presence oete Director of the
Mint, the fneness and weight Of the coins reser-
we'd by the several mnts for this purpose, on the
second Wednesday ins February. annually, and may
continue their meetings by adjournment, if nee
essary If 8 majority Of the commissioners shall
Fail to attend ct any time appointed for their
meeting, the Director of the mint shall call NEE
ting Of the commissioners at 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 fneness and weight by
greater quantity than is allowed by law. the trinl
shall be considered and reported as satisfactory
but any greater deviation from the legal stan
dard or weight shall appear. this fact shall be
certified to the President of the United Sta es
and If, on a view ofthe circumstances Of the ease
he shall so decide, the officer err officers implica-
tea IN the error shall be thenceforwarl disouali-
fed from holding their respective Offices.
SEC. a. That for the purpose of securing q
due conformity in weight of the coins of the Uni
ted States to the provisions Of this act the brass
troy. pound weight procured by the minister of
tae United States at London, in the year eighteen
hundred and twenty seven, for the use of the
mint, and now in the custody of the mint at Phil
adelphia, shall be the standard troy pound Of the
mint OF the United States, conformabJy to which
the coinage thereof shall be regulated.