The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-12-08
THE METALLIC BASIS.
Annual Re;.;;ort Of the Director
Of the Mint.
United States Coinage-Ths Coin werkshops
Of the Nation.
Mat OF THE UNITED STATES,
PHILADELPHIA, Oct, "a, 1870, (

/
| Inave the honor to submit the following report o.
the operations OF the Mint ana branches for the sca
| year ending June 80, 1906
DEPOSITS AND COINAGE
| The deposits OF bullion at the Mint and branches
| during the fiscal year were as follows -
Gold, $2s,4s6,2eS; silver, $a5o4,sa2 Total depo-
| SITS $50, 1902
| Deducung the redeposits or bars made at one
branch OF the Mint and redeposlted In another fol
coinage the amount will be $50. 4os, 1885,
The coinage for the same period was as follows
s3a i9n and sa ss SsSs
silver coin, pieces, 4,64939S; value $I,767 1858;
silver bars. ss62 500 s,n nickel, copper and
Der pieces struck 2sSol,2o2 total value OF coin
| age 33,3S4,S63
at the Mint and branches was follows:--
A. ph !. s a goa y 0eP95ssd gold
eSea and syer syer es
bronze coinage, value, .ell,445. Total deposits Of
total lumber OF pieces, l,330,545
Al the branch mint, San Francisco the gold de.
silver deposited ana purchased, saba AIS; silver
coined S5Y4,5O0. Total deposits and purchases,
s93l1, $685. total coinage, 9io55o; total number
The Assay ONCE In New York received during the
year 10 gold bullion, ss,s51s9l; In silver bullion,
ceived, $s,z7L256; number OF Ane gold bars
stamped, 1926; value So 500, 26S; silver bars 1884:
value, $7o7 400 Total value OF gold and silver bars
At the branch Mint, now assay ofice, Denver,
Colorado the deposits Tor impaired bars were-god,
$780, o63; silver, $15,eS7. Total deposits ST. 05O
This statement exhibits very gratifying increase
in the deposits over those OF last year. and we have
the deposits and business OF tins Office II Is prn.
citaily engaged IN netting assayng and stamping
the same 70
yernmcnt stamp OF weight and 1neness. The ex-
perence OF the past year fully Justifes the declara
len made IN my last annual report that las an
assay o.ilce 1t VIII meet all the demands or the
miner and promote as etrectually The mining in
terests Of the region as mint fer coinage could
possibly do.n All this 1t mas accomplished promptly
and satisfactorily and greatly aided and encouraged
the efforts made to discover and increase the pro-
ductlon OF the precious metals.
The deposits at tue branch Mint, Charlotte N. c.,
now IN operation as an assay ONCE, have not been
and returned to deposltors In the form OF impaired
bars. me deposits for bars during the year were
gold, slglo0; an increase Of si2s4S over those OF
the branch Mints at Dahlonega, Ca, and New Or.
leans, La, are Sill closed, and no necessity exists
Tor their being again opened either az assay Offices
The branch Mint at Carson City, New, is now In
operation 10 May. 1862 the lifting up of this branch
pleted in December Of that year. on the sth OF
ysnsary 1870 was opened lor the
s his report says s thaa ms
the business has been steadily increasing, and with
the facilities Afforded other Institutions OF It's knd
Will do n large business both in refining and coin
ing" The deposits at tins branch during the year
were:-God, s124,l 54 gold coined, $lI0,5l6;
coined, Sl9,793 Total deposits and purchases,
sl52,il total coinage $l32, 800; total number
of pieces, 49, 5G6. The report Is very encouraging,
and 1t Is earnestly desired that the present anicipa
tons OF its officers may be fully realized IN the future
prosperity OF this branch. cannot foroear repeat
ing the declaration MADE in my last annual report,
that policy OF the government in relation TO tho
Development OF the mineral wealth or our country
should be liberal and generous.
WORK OF THE MINT AND BRANCHES.
The Mint work is necessarily hindered ana re-
striced by the continued suspension OF specie pay
ments. We are dong less than was done many
years ago, when there was much smaller populI-
lion and far less wealth. Certainly there Is no need
Oh creating any more coming establishments,
Although at present the amount or work In the
Mint aud Branches Is not 80 great as In former
years, by reason Of causes over which these Dstitu
lions have ne control yet IT Ii gratifying, on taking
a review OF their operations Tor the past ten or
eleven years. to see how large and important these
have been. Tne deposits and coinage at the MINIS
In New York, are worthy of special attention, and
prove that these Institutions have well fulfilled their
respective duties The following tables, made from
official records, OF the value OF the deposits in gold
and silver from the fiscal year ending June 30, 1859,
10 1869. inclusive at Philadelphia, San Francisco
and New York, and or the coinage in value and
number OF pieces at the Philadelphia and San Fran
the work done ana gu ely aud significantly tell their
own story
TABLE DEPOSITS GOLD SILVER AT rHR
UNITED STATES MINT, pnILADELPHIA; RRANCH MINT,
BAN FRANCISCAN, AND ASSAY oFfICF, YORK,
ls5g 1865, INCLUSIVE.
..fsIE