Chapter 1. To amend section thirty-five hundred and twenty-eight of the Revised Statutes
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CHAP. 1.— An Act To amend section thirty-five hundred and twenty-eight of the Revised Statutes. December 2, 1918. [[H. R. 12998](/us/bill/65/hr/12998).] [[Public, No. 244](/us/pl/65/244).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That section thirty-fiveMinor coins. hundred and twenty-eight of the Revised Statutes be, and the same is hereby, amended so as to read as follows: " “Sec. 3528. For the purchase of metal for the minor coinage,Amount for purchase of metal for minor coinage. [R.
S., sec. 3528, p. 698](/us/rs/s3528/p698), amended. authorized by this Act, a sum not exceeding $400,000 in lawful money of the United States shall, upon the recommendation of the Director of the Mint and in such sums as he may designate, with the approval of the Secretary of the Treasury, be transferred to the credit of the superintendents of the mints at Philadelphia, San Francisco, and Denver, at which establishments, until otherwise provided by law, such coinage shall be carried on.
The superintendents,Price, etc. with the approval of the Director of the Mint as to price, terms, and quantity shall purchase the metal required for such coinage by public advertisement, and the lowest and best bid shall be accepted, the fineness of the metals to be determined on the mint assay. TheMinor coinage profit fund. 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 coinage, and with the cost of distributing said coins, as hereinafter provided.
The balanceProfits to be covered into the Treasury. remaining to the credit of this fund, and any balance of the profits accrued from minor coinage under former Acts, shall be, from time to time, and at least twice a year, covered into the Treasury of the United States.” " Approved, December 2, 1918.