, 1865-12-14

At the Branch Mat, San Francisco, the
gold deposits were $1B, SOS, ,318.49; gold COIN
ed, S1S,670, $40 silver deposited and pur-
chases, &546, 200. 20 silver coined, e32s, 500 !;
silver bars, *i45, ,o335. IS. The total coinage Of
gold and s!lves, s1o, III ,s75-5s; number Of
The, Assay Office, in New York. received
during The year, IN gold bullion. Is $50 $50 oi;
In silver, $500, i'll 20. The number Of fine
gold bars stamped at that office Is 3,1T5;
value. sa,97, ,so921 silver bars, 1850 value,
slSS' ;;, 'M45: -a tctal M yalue Of gold and silver
The report Of the Superintendent OF tue
Branch Mint at Denver, Colombo Territory,
represents Its operations "a successful and en-
cournging. The gold deposits amounted to
4541 $500; silver, $7,o50.81; total deposits,
$54e, 1855. The number OF gold bars stamp
ed we're 400; vnlue, $545, $500. This branch
Is engaged 1u melting, refining, assaying and
stamping gold bullion, returning the same to
the depositoIs In tho form Of impaired bars,
bearing the Government stamp Of weight and
flneness.
By the act of Congress passed March Sd,
1St5, authority was given to coin threa cent
piece Of nickel and copper alloy, as substl-
currency. This coin has been Issued and put
In circulation. It is neat in appearance and
convenient In size. Il, in addition to the
already prohibited issue Of three cent notes,
the five cent note Of the fractional paper cur
rency were withdrawn, or It's circulation limit
this new coin would be much increased Its
increased production md circulation would
not only furnish @ more desirable currency
than paper, but would become q source Of
profits of the bronze and nickel coinage there
has been transferred to the Treasury Of the
United States, during the fiscal year, four
hundred Thousand dollars, (&400, ,00V; and a
few weeks after the expiration Of the year, the
further sum Of one hundred thousand dollars
{2100, ,0o0), was in like manner trims erred; the
fund remaining being sufficient for ali the pur-
poses OF this coinage.
From This nickel alloy. coin of the denom-
inatIon Of five cents, and which would be q
popular substitute for the dve-cent note,
could easily be made. This suggestion, how
ever, Is respectfully submitted In view of the
probable withdrawal of the smaller denoml-
nations Of the functional paper currency, and
prcparative and aid to its accomplishment.
THIS 10 continue only until the resumption Of
specie payments, or for q A1ed and limited
period. In n country nbomding In the pre-
cious metals, End with silver generally in ex-
cess, in time Of peace, Of all demands for
inferior alloy should not be permitted to take
the place permanently OF silver in the coin-
age Of pieces above the denomination of
three cents. Il the nickel alloy coin Of five
cents shall be adopted, temporarily or other
wise, provision should be made for its rcdemp-
tion 10 currency In snms not less than one
hundred dollars, and in manner to snit the
convenience Of the Government, and to pre-
vent its becoming troublesome by capyicfous
use. At the proper time, similar provision
should be made for the redemption of the
three-c cent pieces In SIZES not less than sixty
dollars.
In regard 10 the motto for the coin Of the
nation, " In God VIC trust" 1t is expected
that the Issue for the coming year 1866 will
be so embellfshed, and thus present to the
world at large an nne9uivocal recognition Of
the sovereignty Of God, ind the nations trust
In Him.