Page:United States Statutes at Large Volume 18 Part 1.djvu/770

 698 TrrLi·: xxxvu.-—OINAGE, WEIGHTS, AND MEASURES. A¤¤¤yprwv¤rify Sec. 3525. The assayer shall verify all calculations made by the super- °¤l¢¤l¤°}°¤;* °f til: intendent of the value of deposits, and, if satisfied of the correctness Xiilie 2O.,:,;?;,, tl¤<~r<·<>f, shall ccuntersign the certificate required to be given by gh.- certiiimte. superintendent to the deposxtor. T? FebljTB73, Q. im`, s. 26, v. 17, p. 428. Punvhqwcflngll- Sm;. 3526. In order to procure bullion for the silver coinage authorl°“ {0* ”‘l"°"C"?”" ized by this Title, the superintendents, with the apnroval of the Director ag;} }Sfd°°'I`°r` of the Mint, as to price, terms, and quantity, shal nurchasu such bulll  --~}———— lion with the bullion-fund. The gain arising from tw coinage of such g¥‘#··“·2'l·gIij28· silver bullion into coin of a llOll}1llHl value exceeding the cost thereof 419 j'3"Q’ ,, 20g?" shall be credited to a special fund denominated the silver-profit fund. l I l This fund shall be charged with the wastage incurred in the silver coinage, and with the expense of distributing such silver coins as hereinafter provided. The balance to the credit of this fund shall be from time to time, and at least twice a. year, paid into the Treasury of the United States. Payingoutsilver Sue. 3527. Silver coins other than the trade-dollar shall be paid out <·¢>i¤¤ fqr avid win at the several mints, and at the assay-office in New York Cit ·, in ex- §T l{""“d· change for gold coins at par, in sums not less than one hundred dollars. 12 Feb., 1873, i·. It shall no lawful, also, to transmit parcels of the same, from time to lf*l· S- 28- V- 17· P- time, to the assistant treasurers, dc ositarics, and other officers of the 42;;, LW 1874 P United States, under general regulations proposed by the Director of 4]9T,._ 18 ’p_  the Mint, and npgroved by the Secretary of the Treasury. Nothing herein contained s all, however, prevent the yment of silver coins, at their nominal value, for silver nrted from gold: as provided in this Title, or for change less than one dol)1n.r in settlement for gold deposits. But for two ye-ars after the twelfth day of February, eighteen hundred and seventy-three, silver coins shall be aid at the Mint in Philadel hia and the assav-office in New York City, der silver bullion purchased ilor coina e, under such regulations as may be prescribed by the Director of the hiint and approved by the Secretary of the 'l`reasury. mrchmcgmeml Sec. 3528. For the purchase of metal for the minor coina e authorized for minor coinage; by this ’1`itle,a sum not exceeding fifty thousand dollars in gwful money the 3¤i¤<>r-coinage of the United States shall be transferred by the Secretary of the Treasuri B’°']*_i‘H"l;_____ to the credit of the superintendent of the Mint at Philadelphia, at whic 12 Feb., 1873, c. establishment onl, until otherwise provided by law, such coinage shall 13h S- 29» V-17» P- be carried on. The superintendent, with the approval of the Director of 429‘ the Mint as to price, terms, and quantity, slilsll purchase the metal required for such coinage bg public advertisement, and the lowest and best bid shall be accepted, the iineness of the metals to be determined on the Mint assay. The gain arising from the coinage of such metals into coin of a 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 coin e, and with the cost of distributing- said coins as hereinafter rovidelf The balance remaining to the credit of this fund, and an * balance of profits accrued from minor coinage under former acts, shall be., from time to time, and at least twice a year, covered into the Treasury. Qeliverfvofminor Sec. 3529. The minor coins authorized by this Title may, at the discre· °°¤¤¤i’° °mP*'°"; tion of the Director of the Mint, be delivered in any of the rincipal ”`f{,{d ,,]§§;,f459_ cities and towns of the United States, at the cost of the Mint, ddr transportation, and shall be exchangeable at par at the Mint in Philadelphia, at the discretion of the supernntendent, for any other coins of copper, bronze, or copper-nickel heretofore authorized bylaw. It shall be lawful for the Treasurer and the several assistant treasurers and depositories of the United States to redeem, in lawful money, under such rules as l11B)' be prescribed by the Secretar · of the Treasury, all copper, bronze, and copper-nickel coins authorized by law when presented in sums of not less than twenty dollars. Whenever, under this authority, these coins are presented for redemption in such quantity ns to show the amount outstanding to be redundant, the Secretary of the Treasury is authorized and requu·ed to direct that such coinage shall cease until otherwise ordered by him.