The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-12-26
Growth OF the Gold and Silver
Fields OF the Country.
One Thousand Millions Of DellarS
Coined in the Republic.
A N e RIGA Ell DOR ADO,
-, -. -

MINT or rHs UNITED SrArpa, !
PHILADELPHIA, Oct. 3, 1854.
sR-I have the honor 10 submit the following report
operations OF the Mint and branches for the fiscal
year ending juno 80. 1864.
The coinage Of The late year. although not 90 large
former years. exhbits outstanding the
disturbed condition OF the country satisfactory increase
over the coinage Of 1893.
The amount Of bullion in value received at the Mint
and branches during tho fiscal year Tollows:-
Gold S23 0so s2 silver so3s sIs S. total deposits
S24 92o sos Al. From this total deduction must DO
made for the bullion redsposited. bars made u one
branch OF the Mint and deposited another for coinage
Dsducting the redeposts the amount viii DO $2A,0l2
TAI 49,
The coinage for the same period was a. foows-Gold
oon SCI S45 impaired and nne gold bars s. 400
sl silver coin, $54s, 2 TO- silver bars, 1901 s72 3d.
cents coined, $685. soo total coinage, SIS 1906 oS5 So
number pieces Of all denominations Coined % oS3 $685.
Tho distribution Of the bullion received at the Mint
and branches follows-At PHILADELPHIA gold dc
posted 50 1857 TO- gold coined 945 nns gold
bars $oo7, 1922 or silver deposits aud purchases $22a
COS III silver coined 5000 ia TO- silver bars 2s
cents coined, $4ss 800; total coinage 40
Der Of pieces. 4Sl4 27e total deposits Of gold and
silver, - ,225 ,0s2 o.
Al Branch Mint Ban Francisco, the gold deposits
slssl3,s41 TO- gold coined $40 06s 400 silver
sic ,Sse 500 %: number Of pls.ss. i.see 10.
year. in gold bullion, 81 .ss4 s2s os; and IN silver
S20l SOL 9S Number OF mo gold bars stamped that
q e Gos s:s . SS
past year. been successfully engaged melting
.Ss sam. o 10 depossor in sSs form q
bearing the government stamp Of weight and nne-
ness. The number Of bars stamped was, SS2-value.
s4se s2e 81: ,-,,.~.. ...,., :, .,,v,.
portation uld be secured An overland route Of six
cmmsrca Intercourse eur Eastern cities and mar
kets addition, the hessy Indian tribes along
bad white mon has increased the dcutiss and fingers
OF nterconmunication and the transportation bullion
bs obvateo in due tme and that institution VIII tnsn
assume her proper position - . branch mint
ma nave 70 Se poI
the risk OF transporting bullion from Denver 70
places where may Be needed for coinage Or purchase
paying therefor By draft In specie the rreasurers 10
the Atlantic States would relieve the OF all
sponsibity and euabe them TO convert their bullion
into Eastern funds, with but little expense Tho act OF
Congress, establishing Branch Mint at Denver, pro.
vdes that the Superintendent OF said Branch Mint be
authorized under tho direction OF the Secretary Of the
Treasury and erms to be prescribed by him.
in Of the gold dust and bullion deposited for
assay and coinage bars drafts or certificates
or deposit payable at the Treasury, any
eisc,ins TO receive payment in sss. Tbs pfo
vision embodes the policy Of the govern ment in
relation the deposits Of buxton 10 branch mint.
assaying Offices distaut from great commercial
centres Its accomplishment would not only benefit
hardy miner and the gold regions OF Colorado but so
the general commercial interests OF the country ard
government Renewed efforts ought to be made 10 in
iroduce this system and when tho difficulties
Denver full and successful operation. satisfactory
arrangements can be made with that company and
others by which the bullion purchased by the govern.
ment viii be safely brough. TO the Eastern cities and
repositories
The reports from the gold and silver regions OF
country very satisfactory and irdcase abundant
oDtaaeS and The from sacn eos
are set tabular statements attached to this
report These tables contain nearly all we have 70 say
On tho subject Of our gold mining regions. There Is
occasionally an uncertainty as TO the origin OF post
OF gold, and Idaho may have obtained some credits
which belong TO Colorado Every precautions, however
IS taken have the deposit credited 10 proper lcsl
~, and where an uncertainty arises s credited to the
long In relation TO Idaho IT may be stated that the pro
ducton OF largely exceeded that previous
fiscal year and the indications q stu larger yield
most encouraging The statistics found 10 this report
prove the correctness OF these remarks For the
tho past year the amount reached 81 306 66S loan
us,eass Of more than Two millions 10 one year Indian
have Affected 20 some extent the operations 10 or gold
producing localities Sun our mining regions AZ the
scenes OF activity and excitement and enterprise ard
places especially where the mining is superficial inai
peciay 10 Colorado, the forcs companies with large
resources Is necessary. such orgppizat ons, under
cessfu, realizing large profits for themselves and
al the same time Developing by associated capital ard
labor, The national resources and wealth. Within
tn past year large investments In that rsgisn
have been made oy parties In New York, Philadelphia
and occasionally small deposits from Canada report
from the latter region In pamphlet FORM received some
months ago, docs not Afford much encouragement as to
paying returns but more recent discoveries reieer IL
Dot Improbable that new and successful gold will
be there doselored. Australia and New zealand con.
time 70 be very productive and doubtless Siberia aso
although have direct Information from that qlar
ter The past fifteen years has been OF wonderful
aSdn gold "'S 10 ID. ana rs.s ssec o. va tn
upon industrial pursuits. commerce ana cyiiza.
Ton, IRE sv cry ~. manifest, BS, wealth alone
tue aud TRUTH more then gold and silver, make rs
ton great and LIS people prosperous and free
SILVER
The history OF the Development o. any nalnipr
region Il romance full Of surprising incidents; and
Prom the first discovery OF silver, in June, 1850
10 the present moment, that country has been q
fortunes, severe losses and ds,ppoiniments Il would
be out OF place 10 THIS report 10 enter into details which
may DC found but 70 inquire what bee Of
AL this vast yield OF sill and what benefit is sue
70 our couuty " m its product on, Is certainly alike
proper and Instructive, IN eythe Of peace sh,li we
share OF the gold and siver OF nnes for
our currency and use must It he carried or TO the
petboric vaults Of European banks and capitalists2
! bis latter 10 precisely the direction all the
luries inflicted upon US BY the rebellion, |
None Of the Eeysaa silver s coined her and bns ,,o
NJ san Francisco, where FIRST goes. Our correspond
cuts at thst port Inform US that 10 all shipped to Eng
land partly 10 rich that more omceliy
smeltsd there, and partly 10 metallic bare We have also
some Information from ondon TO the receipt this
tstcal return la fact, do not know how much SILVER
Is uised from those mines They are rich and vsusbe
Wcknow that some OF the best OF them sell In pe mar
re, ~ 600 TO 600 specie ior oos loos ironaee
snd nAvs Yielded nom TIVE fow yer oscs