Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1875-05-27
MAKING MONEY.

From the San Francisco Chronicle
Coming commenced at the new Mint
last December, and the splendid new
machinery has ever since been pushed
TO its utmost capacity. San Francisco
may well be proud OF having the finest
establishment of the kind in the United
States. The Mint is able to coin monthly
81, 900, coo in silver and 5000. 900 in
gold. When the new refining works are
10 operation, which will be within the
next three months, they will be able to
refine 81 900. 900 monthly. The refinery
at present Ill operation, at the corner OF
Brannan and Seventh streets, can refine
81 900, 000 monthly. The refinery at
Carson has a capacity of $500, 600 month
ly. and that of New York of a capacity of
81 900, 600 per month. No refining is
done at the Philadelphia Mint and little
elsewhere in the country. The aggre-
gate capacity of all the refneries OF the
United States is at present far behind
the production of the precions metals,
and likely for sometime to remain so.
Much OF our refining is done in England
and considerable in China. san Fran
cisco is
THE CESTEG OF WONDERFUL MINING RE-
GIoN
And tho natural mart of its silver and
gold. The silver and gold of Nevada,
Idaho, Montana, western Mexico, Oregon
Washington, Russian America and the
gold of California should all come here
to be refined and transmitted into con-
venient form for circulation. Sufficient
facilities should be provided for having
all the work done at this point. The
aggregate refining capacity of our local
refineries will only be $4,000, coo month
| ~ when the new one at the Mint is COM
pleted.
THE AGGREGATE SILVER YIELD OF THE
COAST
Is now about 50, 800 600 monthly. OF
this the Consolidated Virginia mine fur
nishes 81, 500, 900 monthly, and with its
new mills completed, and the California
furnishing ore, will yield in September
probably $3.000,000. The aggregate
yield of the Comstock ledge for the same
month is expected to be $4,000,000. 1t
is hard to see how this vast amount OF
bullion is to be transmitted and made
useful with our present conveniences.
The coinage of the San Francisco Mint
for the fiscal year ending the lst day OF
July will aggregate 800, 900, 900 gold,
and So, 900, 900 in silver. No figures can
be given showing what is being done at
the Philadelphia Mint, but they are short
of bullion there, and 81 900, 900 in silver
ingots was sent them from the San
Francisco Mint only few days ago.
The Mint at Dahlonega, Georgia, is not
in operation. A Mint will soon be es-
tablished at New Orleans for the es,
pecial purpose of coming Mexican gold
The project of establishing Mint in one
of the western cities will probably bt
abandoned, the policy of the Govern
ment being to extend the capacity o
those which they have, rather than t.
, construct new ones.
, The new refining machinery is being
put in place as rapidly as possible unde
the competent direction of Professo
: Rogers, of the Pennsylvania University
l who has been sent out by the Govern
ment for that purpose. 1t is said tina
the learned Professor has some new
I methods, which he will put to practca
y test, that will greatly facilitate the pro
: cess of refining. The utmost secresy
observed and portion of the work i
being carried on with closed doors.