Page:United States Statutes at Large Volume 40 Part 1.djvu/554

 536 SIXTY-FIFTH CONGRESS. Sess. II. Ch. 63. 1918. _ prim Bw retirgd gt lghe rgtmf $1 fqcedamogmiii of such §;1rtiEc;a,tes}fo];·u¢1¥1ich ’ ‘stana.r s`ver 0 somete or roenu. eso suc on shall be made at such prices not less than ai) per ounce of silver one thousand line and upon such terms as shall be established from time Purchase of mmm to time by the Secretary of the Treasury. _ _ _ sim ai replace com Sec. 2. That uplorn every such sale of ulhon from time to time the S°*"- Secretary of the easury shall immediately direct the Director of the Mint to urchase in the United States, of the goduct of mines situated in the United States and of reduction wor so located, an amount of silver equal to three hundred and seventy-one and twenty- _ _ five hundredths grains of pure silver in resipect of every standard Fmd p“°°‘ silver dollar so melted or broken up and sol as bullion. Such purchases shall be made in accordance with the then existing regplations gltheilllflint anld at tiilhe fixed pr§ce1pf $1 per ounpzlpf sigver on§ t oiésariid e, e `vere at e 0 tion 0 the irectoro e int at ew or , }.};§;l°·°*°· Philadelphia, Denver, por San Francisco. Such silver so purchased may be resold for any of the purdposes hereinafter specified in section Ewmobe mmm three of this Act, un er rules an regulations to be estabhshed by the Secretaig of the Treasiuy, and any excess of such silver so yiurchased Cmmmes to me over an above the reqluirements for such purposes, shall e coined imrtmai mt: amisiéaezsoshamri ::;*2;% tazarsosz Oi sui: mime an ver ce u 1111 o uc coma e. Limmm ,,,,,,,h,mS_ The net amount of silver so purchased, after making allowance for all resales, shall not exceed at any one time the amount needed to coin an aggregate number of standard silver dollars equal to the aggre- Aggmgm W gate n&1m`t;¢g· of glslahniidard s1éverél10lla.1's theremfcgrqlrlnselltged; Oil; lzro eg ma. u an so as on un er e provisions 0 c, u suc q pachases of silver shall continue until the net amount of silver so purchased, after making allowance for all resales, shall be sufficient to coin therefrom an aggregate number of standard silver dollars equal toelthel aggregpte numbgr cig stagldlird silver dollars theretofore so . m te or ro enupan so as `on. seqIf$H2r°§a§°iiSggia$°zxi- Sec. 3. That sales of silver bullion under authority of this Act may §`.j?‘§*,§‘§,§j}§,’$y°°}c.§‘,§’g'§§; be made for the purpose of conserving the existing stock of gold ·=¤¤- the Unictied Stattpséhoféacmgaging thefsettlenéegit   silzer of grade ances a verse e mte tates, o rovi s` ver or su sidiary coinage  for commercial use, and Idf assistigig foreign overnments at war with the enemies of the United States. The allication pf anhy silver to this lgireqtor of the  for subiidiary ciolinage shall, ria ,_orte urosesotislct, eregare asasaeorres e. re$iiiE»mQqet€—g¤l1ri°rr(¤i¤i» Sec.  'lphat the Secretary of the_Treasiu·y is authorized, from any €§§,,   “““° °' moneys in the Treasuq not otherwise appropriated, to reimburse the TI`r¢;asure§] of tlgeallgnite states] for gh?] d1 erencq befwein tlhe nominacl or acev ueo stanar s ver dollarssomete or ro·enu an the value of the silver bullion, at $1 per ounce of silver one thogsand gnlq, resulting from the melting or breaking up of such standard silver 0 ars. m:1i?sel;:v(iSSb1`;•¤di(_tgOi‘(i;>§ Sec. 5. That in order to prevent contraction of the currency, the ¥Q€§‘$§}"°'““*“°“‘°S gegerig Iaeserve gankg mayl be either pelrmégzed or required by the Om and mm im e_ er eserve oar ,at therequest o the retary of the'l`reasury, cxuaea. to issue Federal reserve bank notes, in an denominations (mcludin denominations of $1 and $2) authorized plylthe Federal Reserve Board% in an aggregate amount not exceeding e amoimt of standard silver Dewsitokmmmm  tmelted gr brotken up anidzgql its bullggntginggr authorigy lpf of indebtedness, etc., · C, `UPOD BPOSI 8.8 I'0VI y WW1 8 €&S\1I`8I'0 li 8 “,j;°§Q,§‘,§;; U, ,,mm_ United States as securittyptherefor, of United States certificates of mresbgf ¤¤d¤¤¢•>¤¤¤¤S mdebtedness, or of Unite States one—ycar gold notes. The Secretary may extended, etc. . . . of the Treasiujy may, at his option, extend the time of ayment of any maturing lnited States certificates of indebtedness deposited as security for such Federal reserve bank notes for any period not