Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1920-04-08
Text of Bill in Congress
Providing for Premium
on Gold Production

LIST day of May of each succeeding year,
which shall determine the amount of
tax and premium to be collected and
paid.
SEC. 6. That on and after May 1,
1920, every producer of gold from any
mines in the United States or its pos
sessions, who shall be entitled to
the provisions of this act, shall de
liver the gold so produced to the
United States mint, or its authorized
agencies, accompanied by a sworn
statement setting forth the place where
| the gold was mined, the dates be-
tween which it was mined and prepared
for market, and that no gold obtained
! from any other source is contained
therein. In the event any gold was re-
covered from ore by custom smelling
or milling, the proprietor, or his man
aging agent, or an executive or man
( aging officer of any such smelling or
milling company shall make and de-
liver to the producer a sworn sil
ment stating the date or dates on
which such ore was delivered for smelt
ing or milling and the date that the
gold recovered from said ore was
delivered to the producer and the
amount of gold so delivered to him.
HOW MUCH PREMIUM
Upon The delivery of any such gold,
accompanied by the sworn statement
Of the producer, or accompanied by
the sworn statement of the smelt
ing or milling agency, the director
OF the mint shall execute and deliv-
er to such producer a certificate set
81, L., 8
of newly mined or smelted gold then
and there delivered by such producer
and shall set forth the amount of
premium to which the producer is
entitled.
In the event that ore containing gold
is delivered for smelling or milling
by the producer of the ore to Gus
tom smelter or mill, and in the usual
smelling or milling practice the same
can not be treated without delay,
the smelling or milling company may
follow the usual smelling or milling
purchase said ore, and receive the
certificate, under oath, of the prOduc-
err. setting forth the time and place
of the mining thereof, and pay to the
producer thereof the monetary price
S2067 and the premium as herein pro
vided upon each fine ounce of gold
so recovered by said smelling or mil
ling company, which, upon such pay
ment, shall be entitled to all OF the
rights of the producer of the ore as OF
the date of delivery of the ore to such
smelling or milling company, and
upon the presentation of the certl-
fcate Of the producer, together with
a certificate of such smelling or mil
ling company setting forth all of the
facts as required by the rules and
regulations established hereunder, shall
receive the same amount of money
as Il premium for such gold so pro
duced and delivered to the smelter
rs the producer may have received if
such ore had been smelted or milled
and the gold returned to the producer
of the ore.
That every person or cooperation so
producing newly mined gold from
any mines within the United States
or its possessions on and after May
1. 1920. and who shall deliver the same
TO the L. S. mint or its authorized
agencies rs herein provided shall be
paid therefor the sum, amount, or|
consideration as now provided by
existing law, and in addition there
to. shall be entitled to receive on
the certificate issued by the director
of the mint, as herein provided, the
additional sum of $40 for every ounce
Of fine gold so mined and delivered to
the Z. S. mint or its authorized agen-
cies: Provided, That no gold bullion
in any form whatever shall be issued
or delivered to such producer in
PAYMENT Of, or III exchange for, any
such newly mined gold so delivered as
herein provided: Provided further
That the director of the mint may coin
any such gold so produced and dellv-
cred and deliver to any such producer
the coin minted therefrom, or the
director may deliver to any such pro
Queer coin in exchange for such new
w mined gold, as is now authorized
under existing laws.
CERTIFICATE TO PRODUCER
SEC. Z. That upon the delivery of
the cold and the sworn statements as
hereinbefore set forth to the United
States mint. or its authorized agencies
certificate shall be issued by author
itv of the director of the mint to
the producer or his order certifying
that the holder thereof is entitled to
receive from the treasurer of the
United States the sum specified there
in as payment of the premium for the
production of new gold from the
funds in custody of the treasurer here
in provided.
Concluded next week.
1pOxypc IT'D ON T.AND