Chapter XII. *supplementary to the Act entitled “An Act supplementary to the Act entitled ‘An Act establishing a Mint, and regulating the Coins of the United States.’”* May 23, 1850. 1837, ch. 3. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Tha
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Chap. XII.— An Act *supplementary to the Act entitled “An Act supplementary to the Act entitled ‘An Act establishing a Mint, and regulating the Coins of the United States.’”* May 23, 1850. 1837, ch. 3. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That, for the purpose To enable the mint and branch mints to make returns to depositors, etc., the President is authorised to direct transfers of public money.of enabling the mint and branch mints of the United States to make returns to depositors with as little delay as possible, it shall be lawful for the President of the United States, when the state of the treasury shall admit thereof, to direct transfers to be made from time to time to the mint and branch mints for such sums of public money as he shall judge convenient and necessary, out of which those who bring bullion to the mint may be paid the value thereof, as soon as practicable after this value has been ascertained; that the bullion so deposited shall become the property of the United States; that no dis-THIRTY-FIRST CONGRESS.
Sess. I. Ch. 16. 1850.437count or interest shall be charged on money so advanced; and that the Secretary of the Treasury may at any time withdraw the said deposite, or any part thereof, or may, at his discretion, allow the coins formed at the mint to be given for their equivalent in other money: *Provided,* That the bonds given by the United States treasurers and Proviso.superintendents of the mint shall be renewed or increased at the discretion of the Secretary of the Treasury, under the operation of this act.
Approved, May 23, 1850.