Virginia Argus. [volume] (Richmond, Va.) 1796-1816, 1806-02-11
MESSAGE,

MESSAGE,
From the President of TIE United States,
communicating fhe refiorf of the Director
of the MINI, IF The eherations Of that in.
sdtulion, during The last year.
To the Senate and House Of Representa-
tives Of the United States.
/ communicate, for the information of
Congress, the report of the Director OF
the Mint, of the operations of that insti-
tuition during the last year.
TIL: JEFFERSON.
January Is. 1905.
To the Presidcnt of the United States.
Agreeably to former pra6l,ce, l have
the honor, at the commencement Of the
prescn, year, to lay before you state
ment of the issues from the Mint of the
u. States, and the expenses of the insti
tuition, during The past year; and conceiv-
ing, that il might not prove unaccepta
BILE, the treasurer has, at my request,
drawn up, and exhibited, in one compre-
hensive view, (schedule, No. ~ state
meOt Of all the gold, silver and copper
SOhiSf otfuIh at tnC iilInkt lEUlI bnS (Otti
mencement of its operation, till the pre-
sent time.
From this statement it appears that OF
gold coins issued from the mint, the whole
amount is 26I3.972 ID dollars; of sill.
yer coins 1858 9i7 Sd dollars and OF
copper coins l7e ass dclls. AT | 9; max
ing the total amount 4,747 343 dolls. u
Ia Chs. and the total number of pieces
% 5e4,s32.
During the last year, as will appear in
particular detail from schedule No. /,
there have been struck at the mint, OF
geld COINS S4.964 pieces amounting in
value To- no SOY l.2 dollars; of silver
COINS 46o, 496 pieces; value LAG o67 | .
dollars and of copper coins l755.5SO
pieces ; value Is 4s3 dollars 4S cen
m ak'pg he total number Of pieces ufthe
precious metals 5O4 Ats, and of c. pper
coins l.755.58o, and the total value
$50 ,olS dollars rs cents. This amount
Is indeed some what less iran that of the
preceding year (dolls 37l 8G7 81 chs }
YET the number of pieces is much great
er, being all ri the smaller coins and
this latter circumstance will readily &C
count Tor he small differences In value
since he labor and time necessary to pre-
pare and strike an equal number Of large
and OF small pieces of coin will be neatly
equal.
or the precious metals, the number OF
pieces coined in the last year, far exceeds
that in any former year, since The esta.
bllshmeDl of the mint; indeed it is con
siderabiy more than double of w hat il has
bsen, in any ore Ell the four last years.
The striking Of small coins is mea-
sure which has been adopted TO accom-
modate the banks and other depositors,
and at their particular request; both with
view of furnishing a supply of small
Change, and TO prevent the expectation
OF the specie Of The u. States to foreign
countries.
| am authorised, Sir, to assure you, that
the Bank of the United States with per.
haps the other Banks in this city, will
furnish the mint an ample supply of bull
lion, during the current year, and to avoid,
as tar as practicable, all announcement de
lay IN the issue OF coins, am, with your
appreciation, about to- employ a few addi-
tional workmen. The utmost economy,
however, in the expenses Of The institute
on, will be carefully observed
The schedule No. ,, exhibits an alb.
stract of the expenditures of the Mint
during the last year. From this, it will
be observed, that the contingent expenses
IN the last six months, have been pretty
considerable. This has arisen from sun
dry repairs, particularly Of The stable, coal
house, pair OF rollers, and one Of the
coming presses, which could no longer be
with; but which will not again
occur in many years.
Schedule No. 2, exhibits a general
statement ofihe gain on the copper COIN
age forthe last year amounting to dolls
2,l67, 63 chs. exclusive Of dolls. 81 90
chs. spoiled Panchetls, used in the alloy
OF the precious metals. This gain would
have been stilfgreater had not the plan
chetts, proved TO be somewhat overweight
though the late director had given the
most particular charges and Instructions
or this head 10 the person of whom they
were purchased.
l have, sir, the honor to be,
With the greatest esteem,
Your most obCdient servant,
ROBERT PATTERSON,
Direc}or