the interest accrued thereon, in payment for any bonds authorized to be issued by this act. bonds purchased the Treasury to to be first made. hereafter pur to be likewise re SEC. 6. And be it further enacted, That the United States United States bonds purchased and now held in the Treasury in accord- and now held in ance with the provisions relating to a sinking fund, of be destroyed. section five of the act entitled "An act to authorize the Ante, p. 44. R. S., 3695, post, issue of United States notes, and for the redemption or fund. p. 132. ing thereof, and for funding the floating debt of the United States," approved February twenty-fifth, eighteen hundred and sixty-two, and all other United States bonds which have been purchased by the Secretary of the Treasury, with surplus funds in the Treasury, and now held in the Treasury of the United States shall be cancel[l]ed and destroyed, a detailed record of such bonds so cancelled Record thereof and destroyed, to be first made in the books of the Treasury Department. Any bonds hereafter applied to said, Such bonds so sinking fund, and all other United States bonds redeemed chased and held or paid hereafter by the United States, shall also in like corded and demanner be recorded, cancel[1]ed, and destroyed, and the amount of the bonds of each class that have been cancel[1]ed and destroyed shall be deducted respectively from the amount of each class of the outstanding debt of the United States. In addition to other amounts that may be applied to the redemption or payment of the public debt, an amount equal to the interest on all bonds belonging to ing fund to be apthe aforesaid sinking fund shall be applied, as the Secre- of public debt. tary of the Treasury shall from time to time direct, to the p. payment of the public debt as provided for in section five. of the act aforesaid. And the amount so to be applied is Amount to be annually approhereby appropriated annually for that purpose, out of the priated. receipts for duties on imported goods. Approved July 14, 1870. stroyed. An amount equal to interest on all bonds be longing to sink plied to payment R. S., 3696 post, 132. CHAP. XXIII.-AN ACT TO AMEND AN ACT ENTITLED "AN ACT TO Jan. 20, 1871. Vol. XVI, p. 399. Amount of five per cent. bonds Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the amount of bonds authorized by the act approved July may be increased to $500,000,000 fourteen, eighteen hundred and seventy, entitled "An act and interest made payable to authorize the refunding of the national debt," to be quarterly. issued bearing five per centum interest per annum, be, and Ante, p. 82. the same is, increased to five hundred millions of dollars, and the interest of any portion of the bonds issued under said act, or this act, may, at the discretion of the Secretary of the Treasury, be made payable quarter-yearly: Provided, Proviso. R. S., 3689, post, p. 131. Total amount however, That this act shall not be construed to authorize not to exceed, &c. See act Dec. 17, any increase of the total amount of bonds provided for by 1873, s. 2, post, P. the act to which this act is an amendment. 110. Approved January 20, 1871. March 3, 1871. Vol. XVI, p. 600. upon proof, &c. R. S., 3704, post, p. 133. No. 49.-JOINT RESOLUTION TO ENABLE OWNERS TO OBTAIN DUPLI- Resolved by the Senate and House of Representatives of the Secretary of the United States of America in Congress assembled, That the Treasury may issue duplicates of Secretary of the Treasury be, and hereby is, authorized lost or destroyed registered bonds and directed, whenever it is proved by clear and satisfactory evidence that any duly registered bond of the United States, bearing interest, issued for valuable consideration in pursuance of law, has been lost or destroyed, so that the same is not held by any person as his own property, to issue a duplicate of said registered bond, to be so marked, of like amount, and bearing like interest as the bond so Owner to file proved to be lost or destroyed: Provided, That the owner nity to United of such missing bond shall file in the Treasury a bond in a penal sum equal to the amount of said missing bond, and the interest which would accrue thereon, until the principal thereof is due and payable, with two good and sufficient sureties, residents of the United States, to the approval of the Secretary of the Treasury, with condition to indemnify and save harmless the United States from any laim because of the said lost or destroyed bond. Approved March 3, 1871. bond of indem States. March 3, 1871. Vol. XVI, p. 580. All copper and base-metal coin deemed in sums twenty dollars. CHAP. CXXIV.-AN ACT TO PROVIDE FOR THE REDEMPTION OF COP. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the age to be re- Secretary of the Treasury is hereby authorized and required of not less than to redeem in lawful money, under such rules and regulations as he may from time to time prescribe, all copper, bronze, copper-nickel, and base-metal coinage of every kind heretofore authorized by law, when presented in sums of Such coinage not less than twenty dollars; and whenever under this autinued when, &c. thority these coins are presented for redemption in such quantity as to show the amount outstanding to be redundant, the Secretary of the Treasury is authorized to discontinue or diminish the manufacture and issue of such coinage until otherwise ordered by him. may be discon Approved, March 3, 1871. CHAP. CLVII.-AN ACT TO CARRY OUT CERTAIN PROVISIONS OF THE May 11, 1872. Vol. XVII, p. 99. Whereas in order that certain provisions of the treaty of Preamble. July nineteenth, eighteen hundred and sixty-six, between the United States and the Cherokee nation may be rendered clearer, and made more satisfactory to settlers upon the lands known as the "Cherokee strip," in the State of Kansas, said settlers having moved thereon since the date of said treaty, and for the purpose of facilitating the sale of said lands: Therefore, Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. * under this act to SEC. 4. That all moneys accruing from the sales of land Proceeds of sale under this act shall, without unnecessary delay, be invested be invested. in the registered five per ce ntum bonds of the United States as provided in the twenty-third article of the treaty of eight, teen hundred and sixty-six. CHAP. CXCVII.-AN ACT DEFINING AND LIMITING THE APPROPRIA- May 23, 1872. Vol. XVII, p. 156. issue, &c., of pub to be paid from tion, and not to p. 130. sec. 4, act June Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Expenses of the expenses of the issue, reissue, transfer, delivery, redemption, lic securities, &c., and destruction of securities, legal-tender notes, fractional what appropria currency, checks, certificates, commissions, and for any exceed, &c. plate and seal engraving and printing required by the R. S., 3689, post, Treasury Department, shall be paid from and shall not ex- Repealed by ceed the appropriation of one per centum of the amount of 20, 1874, post, p. legal-tender notes, fractional currency and securities issued during each fiscal year: Provided, That nothing herein contained shall be construed to increase or enlarge the appro- See s. 4, post, p. priation contained in the second section of the act entitled "An act to authorize the refunding of the national debt," approved July fourteenth, eighteen hundred and seventy. Ante, p. 82. Approved May 23, 1872. 142. &c. Limitation, 142. CHAP. CCLIV.-AN ACT TO PROVIDE FOR THE ISSUE OF BONDS IN LIEU Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That June 1, 1872. Vol. XVII, p. 196. United States lieu of those de faced. p. 133. Bonds of the whenever it shall appear to the Secretary of the Treasury, may be issued in by clear and unequivocal proof, that any interest-bearing stroyed or de- bond of the United States has, without bad faith upon the R. S., 3702, post, part of the owner, been destroyed, wholly or in part, or so defaced as to impair its value to the holder, and which bond shall be identified by number and description, the Secretary of the Treasury shall, under such regulations and with such restrictions as to time and retention for security or otherwise as he may prescribe, issue a duplicate of such bond, having the same time to run, bearing like interest as the bond so proved to have been destroyed or defaced, and so marked as to show the original number of the bond Called bonds to destroyed and the date thereof: Provided, That where such be paid. Owners of de stroyed, &c., bond of indemni destroyed or defaced bonds shall appear to have been of such a class or series as has been or may, before such application, be called in for redemption, instead of issuing duplicates thereof they shall be paid, with such interest only as would have been paid if presented in accordance with such call. SEC. 2. That the owner of such destroyed or defaced bonds to give bond shall surrender the same, or so much thereof as may ty with sureties. remain, and shall file in the Treasury a bond in a penal sum double the amount of said destroyed or defaced bond, and the interest which would accrue thereon until the principal thereof is due and payable, with two good and sufficient sureties, residents of the United States, to be approved by the Secretary of the Treasury, with condition to indemnify and save harmless the United States from any claim upon the said destroyed or defaced bond. Approved June 1, 1872. Feb. 12, 1873. Vol. XVII, p. 424. ed as a bureau, what. repealed, s. 67, CHAP. CXXXI.-AN ACT REVISING AND AMENDING THE LAWS Be it enacted by the Senate and House of Representatives of Mint establish- the United States of America in Congress assembled, That the and includes mint of the United States is hereby established as a bureau of the Treasury Department, embracing in its organization All former acts and under its coutro! all mints for the manufacture of coin, post, p. 106. and all assay-offices for the stamping of bars, which are now, Director; ap- or which may be hereafter, authorized by law. The chief pointment, and term of office; officer of the said bureau shall be denominated the Director of the Mint, and shall be under the general direction of the Secretary of the Treasury. He shall be appointed by the President, by and with the advice and consent of the Senate, and shall hold his office for the term of five years, unless sooner removed by the President, upon reasons to be communicated by him to the Senate. SEC. 2. That the Director of the Mint shall have the gen-powers; eral supervision of all mints and assay-offices, and shall make an annual report to the Secretary of the Treasury of reports; their operations, at the close of each fiscal year, and from time to time such additional reports, setting forth the operations and condition of such institutions, as the Secretary of the Treasury shall require, and shall lay before him the an- annual estimates. nual estimates for their support. And the Secretary of the Treasury shall appoint the number of clerks, classified according to law, necessary to discharge the duties of said bureau. SEC. 3. That the officers of each mint shall be a superin- Officers of each tendent, an assayer, a melter and refiner, and a coiner, and, for the mint at Philadelphia, an engraver, all to be appointed p. 110. by the President of the United States, by and with the advice and consent of the Senate. Clerks, number and appointment. mint, and their appointment. R. S. 3496, post, of mint, and pow R. S., 3503, post, form and con lion. p. 113. SEC. 4. That the superintendent of each mint shall have the Superintendent control thereof, the superintendence of the officers and persons ers; employed therein, and the supervision of the business thereof, p. 112. subject to the approval of the Director of the Mint, to whom reports, their he shall make reports at such times and according to such tents. forms as the Director of the Mint may prescribe, which shall exhibit in detail, and under appropriate heads, the deposits of bullion, the amount of gold, silver, and minor coinage, and the amount of unparted, standard, and refined bars issued, and such other statistics and information as may be required. The superintendent of each mint shall Moneys or bulalso receive and safely keep, until legally withdrawn, all moneys or bullion which shall be for the use or the expenses R. S., 3506, post, of the mint. He shall receive all bullion brought to the mint for assay or coinage; shall be the keeper of all bullion or coin in the mint, except while the same is legally in the Coin. hands of other officers; and shall deliver all coins struck at the mint to the persons to whom they shall be legally payable. From the report of the assayer and the weight of the bullion, he shall compute the value of each deposit, and also Deposits. the amount of the charges or deductions, if any, of all which he shall give a detailed memorandum to the depositor; and he shall also give at the same time, under his hand, a certificate of the net amount of the deposit, to be paid in coins countersigned by or bars of the same species of bullion as that deposited, the correctness of which certificate shall be verified by the assayer, who shall countersign the same; and in all cases Certificate of deposit, to be assayer. |