Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-01-15
THE MINT.

1 rum Ht 81 AfoU5 ArbuuAcNnI
By the report Of Mr.. James Pollock, the di-
rector Of the mint, to the Secretary Of the Treas
ury, we learn that the amount Of bullion re-
ceived and coined at the mint and lis branches,
for the fiscal year ending the 30th of June last.
has largely exceeded that of any former year.
The amount Of foreign coin and bullion, in addi-
ton to that received from native mines, is also
larger than ever before. The gold received is
| SIl6,970,OO2.66 the silver S4,62A,96l.57 but
dedueting from this the redepOsits of bullion or
/ bars made in one place, and then sent to another
for coinage, and the aggregate received is S72,-
146,57I.0l. The coinage for the year was: Gold
coins, $60,693,237; fine gold bars, S20,0l5,-
1864; silver coins, 1886, 200; silver bars,
| S2S8,GO694 cent coins, $10I $50; total coin
age, $53,693,7 67. SO; number Of pieces Of all de-
nominations of coin, 23,724,9l3.
The distribution of the bullion received and
coined at the mint and branches was as follows {;
AT Philadelphia-gold deposits, S5l $40, 763.56 ;
gold coined, S47 ,S96,7lI fine gold bars, 500
43I7G silver deposits and purchases, $1,72G,-
3O907i silver coined, $I,599, zoe; silver bars,
S2,624.37; cents coined, $l0l 600; total de-
posits of gold and silver, S53,6I7 ,07263; total
3l5,2j5.
At the branch mint at San Francisco the gold
deposits were $l2,258,9Sl94; gold coined,
Sl2,42l 600; silver deposits and purchases,
SI97, S44OS; silver coined, $193,00 BOO; silver
bars, SLASH; total coinage Of gold and sill
yer, $l2,69O,AS5.6l; number of pieces, ill.,
800.
The assay office in New York received during
the year $52,35S, 09514 in gold bullion and ST.
79l ,T7O.I5i in silver. Fine gold bars stamped at
that Office, 1916, value, $l9,94s, 72SS5 silver
bars, lOe9 value, Sls7 ,076.63 total gold and
silver bullion received S5i,149, SG5.32.
I At the brRuphu mint If Nav- Orlo,,- Al -
OF deposits received up to the 31st day Of Jauu-
airy, A. ID. 1861, was 81 ,243, 449.0I, of which
the sum OF S334,4l077 was in gold, and $685.
C37.24 in silver; coined during the same period
| S241, 600 ia gold and SSO9.OO0 in silver silver
bars stamped, value, SIC, Sl5.33 total coinage.
Sl~,O69,Slo.33i number of pieces, 1.237 500.
Since the 3Ist day Of January, A. d. 1861, no
report has been received from this branch.
At the branch mint at DahlOnega the depcsits
received up to the 2Sth day Of February. A. D.
1861, were S62,l03.O5, the coinage SGO.g46. and
the number of pieces l3.4i2. No report has been
received from this branch since the day last
named.
The deposits at the branch mint at Charlotte
up to the 3lst day of March, A. d. 1861. were
S~65s55S3O, coinage S70,560, and number of
pieces l4,ll6. The deposits at this branch and
Dahlonega are exclusively of gold. No report
has been received from this Institution since the
day last named.
This coinage is larger than ever before. not
withstanding the detection of the three southern
branches. What these branches have done since
their last report the director does not know, nor
has he been able to get hold of any Of their coin.
which, he intimates, has probably been adulter-
ated, and the fraud concealed under the emblems
and devices of the United States coinage.
The mines Of the United States have yielded.
to the mint and its branches, during the year,
So, 6,S89.52 in gold and S6lO,Oi1.2g in sill
yer. The mines in the Washoe river continue
to send an increased yield, and the gold mines
OF Kansas amply repay the working. The sill
yer mine of Arizona bid fair to rival those Of
Mexico, though yet but little is known Of them.
nor can they be fully developed till the settler
receives sufficient protection from Indians and
Mexisans.
OF this coinage about S520,OO0,0O0 was from
bullion derived from the mines Of the United
States, but how much of it has remained in the
country is not known. The estimate of specie in
the United States in October is from S275,0OO.OO o
to S30o.00O,OO0, all Of which, excepting about
S2O,00O,OO0, is assumed to be in the loyal States.
From lo05 to 1860 there was a heavy drain upon
our specie for expectation to the amount OF about
a million a year. This ceased in October, 1860.
and till within a few weeks the flow Of specie
has been inward The addition to our stock, in
Guiding bullion from domestic mines, Is about
$50, 600, 1000.
The assay ordered by Congress in the act Of
81, of foreign coin, does not differ essentially
from that made in former years. The gold dol
lar, the director thinks, should still be considered
the standard of value of all coinage, and not the
silver dollar, which differs from other silver
coins. He advises that this dollar be not re-
tanned, but if we must have it that it be reduced
to eight tenths Of an ounce. The national aud
other American models, reproduced in copper,
bronzed, were to have been ready for sale in
October. The medal department Of the mint Is
declared to be in fine working condition.