The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-02-09
Annual Report OF the Director OF the United
States Mlnf.

have the honor 70 present hs tol owing repor. Of til
Speranon' CT the Mint OF the United States eod II
me deposits recevei and image executed pri1
naa,,. s,o Gnaa n toe year wee as loFsG p dc
gold bars ss ESd s ssS DEPOSITS.
silver stpars ed from California gold aai silver purchs
pnrsuan to the act of March g. 1853 81 $50 10
Total depos Of gold and silver sIs, I'd $50 So Tots
I ~ Sll oe 962 93 The coinage comprised /,
The operations Of the Mint except he receiving Of de
Pos ana melting assay log and pr, ing the "a ne were
nmpsenoed on 10Th Of July last at which time tn
oa made by the Lest Co agress werr IN menced fha ",
STR co1 g these repair w.s rusted 70 of ers de yna
tea By me fessmy department and they being
peted in the ns't thorough su ,staatal ,nnee
t, renee the nSut edi6ce ia all its depar meols co.
tirey fire pro AaySntsse has also been taxed of the
opportunity thus cves 70 insroduce eul Charge, and
branches OF GUINNESS, Whereby tAe efficiency If the Min
and the secuiy Of The treasure therein viii e.tly
advanced a,d promoted During the ason u col IA
age cepofs were received and paid that
TO inocnveoience TO cepohos has uied therefroIa
But bs accumulation OF bdnten and. shc sstty Of
supplying colo especially to the Treasury Of United
States have made " necessary to the coinage ope
ratiops, nowl the worh upoa the rep.,s
an unini hed state The preparation Of saads ioyots
for coinage was commenced the 4th Il tine D e3snt
month and the delivery of ooins Treasury vas re-
suned on the l9.h ms. The Miot il Ia actV and
efficient operation, although -iderabe incoave euce
10 experienced in consequence Of repairs be,ag
o. six months will sufficiently ac,ount Tor III, a,mal.
shed operations Of the principal Mns during the past
The deposits received at the branch Mint at New Or
leans amounted TO 81 S62, s10 80. which the Of
$4S l6s s. was in gold and s24 95S 50 IN silver The
csfnsge was $3.50 500 in god, and 1918 600 in silver
Total ccnsge 23os 500 the number Of pieces struck
was $3.50.
The branch Mint at San Frar cisco received Of gold de
posts the sum Of $40 s7s 80 o. Of sivec the Of
$3.50 1877 At The coinage operations f,,1s:--
God coin. ST. s0s 200; line 60 bars sss 1872 so
parted or unrelced Id bars, 49, 40 5O4 95 silver coin
cOiUage ms
-comprised in Az ,e72 pieces.
The cepo received az the branch Mint At Dahl mega
were 10 geld SIG co. OF the coinage (g,o) So
tho number of toes stru tx was rs s66.
At the branch Mint at Charlotte the Of ess IS
IS 3es pieces amounted to s2l7 955 So the opea ions
OF this branch as wen as that abbed at Dahoness,
are COZ fined TO gold.
The Assay OH at New York received durtng thu year
the sum a S2a 6e7 FOL "a goo bion and the futther
sum OF $3.50 100 90 in silver; Of sh he of
slso "a Al was parted tom gold, ami o6l 81 d.
rived fcIn the LAKE Superior ns fe uu Der OF Cue
eoc bars stamped at thus ONCE vas 1872 Of sege
ouiirg the year pay nent has been made in Inc go
bars to the aeount of sl,eas 247 a. and in CONS to
the apouot of 80, 7el zoe S..
The amounts received at the Mint ana It's
were ss lsws;God, s5s, ssasll %; sve So ri AS
l6 To,al s64, a7437l o.
The coirege operations for the same porod were IS
s sa .oa con' s2S 81! s6s Ga,g ID oars $50 40
$500, 245 copper coins $4,000 70. Tosal coin age
So, 81, 73l 80, cJmpraed in 997, s07 pieces.
II Is proper TO remark that the Of the dep,
sits above presented embraces considerable aOunt Of
re-deposts, as for example, impaired Inrefned
made at Sac Francisco are scmeti nes ed OF tue
other min ling establishments, ana potion OF the lAe
bars formed at he Assay Office transferred TO the
Mint Tor coinage reducDg these re dsPosls tire actual
amount m the precious aeais Srouen iuto the Min ana
its branches during he year was sos, Isl 90l 81.
The amount OF god OF domestic procuction deposited
Ia 1856 was s4o, $50 IL, from the raci, sio of
$40 81.
Since the passage Of the act Of March g. 1852 auth oriz
ing reduction In the weight Of the silver coinage thece
have seen issued the following amounts viz--Ia 1858,
sse54 lel in 1854, sseio 20; in 1865, $500 ,2sS
these coins have been ex9orted, and but small
amount used IN the arts, IL will be seen that large
cultion. The issuing few millions more of silver coin
my be all thst may oe required in view Of the excl
Of 0f circulation Of silver and the small minat ,ns
Of the god image In Of the States OF the Union by
the Use Of bank notes Of Low denomination. We saa
never, IL is believed fully realize the benefits Of s,uod
specie Circulation until all bank noesat least below the
denomination Of twenty d,ars-shal be excluded from,
circulation And it seems worthy Of the consdcra ion
Of Congress- as suggested in the Mint report for 1855
wnetber some provision is not practicable either by
alton or other efficient means, to remedy the evil in
question.
1t may interesting to present in one view the en-
tire coinage operations ut all the nte and the Assay Of
fee since 'heir organic .tiou. They are follows
saash Mint At Ss a. ssa. 81
Branch Min at nahlonega (l638) ..... $3.50 2Gj %
Branch MINT At Charlotte, llss3l ;;... as22s2 50
Assay Office at New York, (lS54) % 800 872 81
The CHI part this large amount has been received
since Deeem Der ls4s and tue Eroducton OF the mines
OF California, WHSLE 2s sos u In former report
some reasons suggested tending to show that the
large ,unt OF gold California and that produced
from Australia neet excite 40 apprchonsons in regard
to any se-al disturbance the precious
meas yet cannot but be apparent tha his ucre
renders il highly Important that States and ions
should extend the uses Of gold and drive out OF exist
pirrtf Ia in n.Irn n 4
There is point connected with this snbect and the
general MANI cement of she naaona! coinags, which al
though left by law to the discretion OF the director Of
the Mrt, and cannot BIZ mnde the suoest OF particular
Legislation yet s Of 50 much Importance the ccmmu
NIFTY generally, that this occasion appropriate to
give II 'sir and general understanding fha S0h
ton of the general Mint a~ac Of January u 1885,
provides that, in the denominations OF cain delivered
tie Treasurer shall comply WITH the wishes OF the
dcposito-, unless wheu impractcsble incoays-
uert to DO Dc, in which csse he Denomination Of
coin eball be designated cy the Director" In veS OF
the -nct thai the dopotiers al rays paid before the
bullion d operated npon from stock Of previously
ace reaoy IL Is evident that in the IN Of "a ID
q supply OF coin the Director is to bis discretion 10
regard 10 the dencnir aGrs before c,nferiog with
pcsitors, and they may or may not beexscy suited in
Undoub,cdiy,n the ssue OF coins every proper stan-
tion should be given to the probable demand and espe
cia! ~ The silver coinage, which 1t is to be presumed
Ia wsntei for immediate use. and not for storage ir
vault Aerct FORE toe general orac,ics has beea pay
the depostcrs in the cola they have aud is not
inter 5ed by hese observations t. give notice tnat this
usage will be enirey abandoned Bat tho chief design
of mint i 10 suhserve the interests Of the peo.
pie at La GO preferably TO largo Of bullion
coin The interest Of he puhc and Of depotors is
not always concurrent in the matter under discass
Deposi'ogs Of large mounts cal FOR their c,in ia rm
which gves tho least trouble counL aud bsnny ius-
tu'ions in ed, on to that, my prefer it il form not
likely 70 be drown out Many VIII, present tuer checks
at those institutions would doubtless AK bat
ceerred from doing by expectation OF reccv-
ing double cages instead Of half quarser eagles In
word the pain effect OF asung gold coin OF large size
Il to keep the circulation Of spece snd increase the
OF paper money This remark Of ap-
ply 10 such localities where paper money IL prohibited
rs for example in the state Of California, because ia
such the different curreEcies capnos in
Act Before the act Of Congress authorizing tie issuing
a gold in stamped bars thsre was is tue necessity
for the Ct large coins ms well to meet the demand
fer stirmsnt 10 Europe, "a Ia measure % relieve
the pressure upon the Mat There was no Kind 81 pro.
pretty In going through the manipu'atons AID boring
The exI ensos Of making smsl gold coin 10 b. draaty
melted down in foreign minis reineries. Ru pncs
the important change In mint laws before fserro
to, distnction has been made to the de ads 0.
trade, 10y which gold intended for expectation is cast
into fine bars, whilst that which Ia nesded tor