The Albany register. [volume] (Albany, Or.) 1868-18??, 1873-04-18
Albaav ge9istrr,


froy. designated In This act as trn1e- i0l-
lArs. and no deposit Of silver for other
cOinaye shall be received hut silver bull
lion contained in gold deposits, and separ-
.Attd therefrOm, may be lvfff for In silver
Coin, 1t snch vn.uaiion ~ mny be. from
time to time, established by the Director
Of the Mint.
Soc. q. That when bn.lion Is deposited
In any of the minis, 1t shall te weighed
by the Superintendent, an,ls when pi1lctic'
able, in the presence OF the delosilot. TO
whom a receipt shall be given. whiclfshall
state the description and weight OF the
bullion hut when ,lfe bullion IL In such u
sttsre u tWreqnire netting. or the removal
of base metals, before Its valuation tan be
asceriained, the weight, after si'ch opein.
ton. shall be considered ~ the true weight
Of the bullion deposited. The Illness of
the bullion to he received shall be deter.
mined by the ilssayer, and tfic mode of
melting by the rAelter slnd rciiner.
Sec. %. That from every rarccl ofbullion
deposited for coinage or bars, the slperin-
tendent shall deliver to the assaycr q suiti-
cient portion for the purpose OF being as
sayed, but all such bullion remaining from
the OpcRti0ns OF the assay shall be re-
turned to the superintendent by the as
SAyer.
Sec. ~ That THE assayer shall report to
the superintendent The quality or tineness
of the bullion asSayed by him, and such
information AS will enable him 10 compute
the amount OF the charges hereinafter pro-
vided for, to be made to the depositor.
Sec. 2j. That the charge for converting
standard gold bullion into coin shall be
one-hfih OF one per centum; and the
charges for converting standard silver
intO trade dollars, for melting and rehn-
ing when bullion IL be.Ow standard, for
toughening when meta.s are contained M
1t which render II unit for coinage, for
copper used for alloy when the bullion Is
below standard, for semiHting the gold
and silver when these metals exist tOgeih-
cr IN the bullion, and for the prcpam,ion
Of bars, shall be tixc1, from lime to Tine,
by the Director, With the concurrence OF
the Secretary Of the Treasury, 80 as TO
equal 6ut not exceed, in their Judgment,
the actual average cost 10 each mint and
assay-ofiice Of the material, labor, waste
aye, and use OF machineTy employed In
each Of the eases aforementioned
Sec. 36 That the assayeY slslll verify all
calculations made by the superintendent
Of the value of deposits, and If satisfied Of
the correctness thereof, shall cOuntersiyn
the certificate required to be given by The
superintendent 10 the de-oOSiiOr.
Sec. 81. That In order 10 procure bullion
for the silver coinage authorized by this
not, the superintendents, with lhenpprOr-
al OF the Director of The Mint, IA 10 price,
terms, and quantity, sholl purchase such
bullion with the buliion-fund, The gain
arising from the coinage of such silver
bullion into coin OF q nominal value ex-
coeding the cost thereof shall be credited
10 special fund denOIninated the silver
profit fund. This fund shal be charged
fnf,s .V..a1 al
coinage, and with the expense OF distrib-
Mttng sslid coins as hereinafter provided.
The balance to the credit of This fund shall
Do from time to time, at least twice year,
States:
SEE. ~. That silver coins other than the
tcnae-d0lilr shall lje paid out at the several
nlints, and at The assay-Oiiice In New York
city, In exchange for gold coins at par, In
Sums moi less than one hundred dollars
and 1t slHtil be lawful, llsO.tO transmit plr-
GELS Of the snIne, from time to time, TO the
assistant tressslfefs, dcpOSit0ries, and 9th
0r Offiuers OF the Emitted States, under gem
en.l regulations proposed by the Director
os the Mint, anu approved by the Secreta-
~ OF the Treasury but nothing herein
contained shall prevent the payment OF
silver coins. ut their nominal value, for
silver parted from gold, rs provided In
this act, or fof change less than one dollar
IN SettleMcutsfor gold deposits: PTratdsd,
That for TWO years aftcr 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 buiIion pur-
chased for coinage, under such regulations
~ may be prescribed by the Director OF
the Mint, and approved By the Secretary
OF the Treasury
Scc. ~. that for the purchase OF metal
for the minor coinage authorized by this
act. sum not exceeding tlfty thousand
collars IN lawful money Of tlle United
states shall be trinSierre l by the SecrUta-
ry OF the Treasury 10 the cre'lit OF the su-
peftntendent OF The mint ut Philadelphia,
~ which establishment only, until other
wise provided by law, such coinage shall
DO carried on. The superintendent, with
the approval Of ihe director OF the Mint |
~ TO price, terms, and quantity. shall pur@ !
chase the Ille!a nj required tor sllch coinage |
by public advertisement, and he lowest !
add best Ind slSall be accepted, the tincness |
W. the Iiitlats to be determined on the
mint assay. The gain arising from the
coinage OF such IlaetaIs inlO coin OF nopl-
mai value, exceeding The cost thereof,
snail be crediled 10 the special fund de-
nominated the minOr-c0inage prOilL fund;
and this fund shalt be charged with the
wastage incurred In sui.lA coinage, and
wiih tlle cost of distrlbu. ing said coins Us
hereinafter provided. The balance re-
10 the credit of this fund. and
Any ba.ahCe OF profits accrued frOps minor
ninage under former acis, shall be, from
lime 10 Lime. and at ieast twice q year,
covered into the treasury Of IlSe Uniled
S,Alcs.
sec 30. That the minor coins authorized
by this act may, az the discretion OF the
LtrectOr OF the Mint, be delivered ID any
q the principal cities and towns OF the
Cntted Slnies, at the coz OF the mint, for
and shall be exchangeabie
y par at the mint In Philadelphia, IT the
Of the superintendent, Tor any
othef COINS Of copper, bronze, or copper
nackei heretofore hui horize by law and
u sha,l be awful for the RFsslsuner;tnd the
1eNeral assistant lrealsurers and depOsila-
RES ol the United States toredeem, In inws
IA money, un Ter such rules rs may be
prescfi0ed ~ the SECRETARY OF the 1rta5u-
~, AL copper, bronze, and cOppsr-Ilickel
coins aullioFized by law when presented
IN sums OF not less tlan twenty dollars /;
ana wheneyers under this authority, these
coins are presented TOR redemptiOn in
auel quantity ~ 10 show the amount out
Standing TO be redundant, the Secretary Of
lhe Treasury b authorized and reduircd