New-York tribune., 1875-07-24
ted os wa. oxnersncea during our lato war from tho

|
Tho Constitution. which was adopted in tho same year
gave Congress the power to coin money regulate the
value thereof and Of foreign coin and In lI92 an act
was passed for the establishment Of National MINI
Under the authority OF this act President Washington
purchased site Philadelphia. on Seyenth-st' between
| Market and Arch which an old house thch stooo
which is the site Of the Philadelphia present "parcnt
Mint and on tho 7h September, 1892, the establish
neut was ready business Six pounds OF copper nj
los 3D." per pound was tire first National purchase Oh
conner for coinage The coinage presses were pat In
| operation in October, and the first regular re-
turn OF coins from tho Chief Coincr OF the MINT
| took place on the Ist OF March. 1898. and
consisted of II 17s cents The first deposit OF goa pnf
lion for coinage was made Fob IL 17v5 and the first
return Of gold coins the 3st Of July following Inc
first deposit for silver coin on July 1s 179i d 'he
frat return Of silver coins on the l1h OF Ocov'r
I following and compri3cd el,753. 1he first year Ci
active operations VI tho Mint G793l was devoted ex
cllisiyely tho ccnago of cents ana nan 'efls lnc
time to tilne ionly f0r the better ana sometimes
for the woTe. The present design on moe' ol our e. rvs @
XIV" liz H. ,"c az tic pmn OF war vas adopted when
washington WAS President. ], was propcsrd that iiS
bust should side ~ the coin but ti- ne WOMB
not approve ana The deyice employed was chosen
with his approval.
The Mint m this city was established by act of Congress
In 1872. Previous 10 thai time great was 'he demand
for some circulating medium 10 represent gold dust
which for years wa used currency, and was 30 used
for years after the establishment OF the Mint owing 10
e scarc,; % coin that cors is~uod by private per-
sons, Tcmpleton R1id issul $40 ard 10 pieces IL lsi
and several private rciincfc, i'roc ~ St0 and $50
Pieces whicn went by te name Of sius," up 20 lso1
and also "a few half dollar pieces When the Mint was
I'M he'd daring the lstnaned year and began the s'''e
of COIN tho private establishment rts Iclinqui-hcd
the coming OF money. but god dust was
a standard for years aiicrEaIi, ana even curing
the past ten years has been circulating meiihn
in some the Territories. liz lsJi the coinage Oi the
Sln Francisco Mint wholly Of gold, and amounted 10
los. 200. In 1896. two years aitorvar the coinage
ya larger than II has cyor been siee, with the eXcep
ton of the past year II amounted 20 $251 1iG,ioO 81
gold and Si77 900 OF silyc. ALL 923;,23 100 the
amount benz; Sie95O5cc. During tee dscal year end.
ing June 20. i511 the coilasa was r5OoS. .Oo, "i
in Gori eagles slri 500 O0G 80 eagles AID 100000
in half oasics Torc were -i33aGoO ia trade doll9rS,
slTl0OO in ha dollars. Sl25.OOO in quarter dt'afs,
30 900 in 2acen rcces. which are jusf beginning "ccu:
iale lerr and $4,000 diioes Tire total number oi
coins aruci al ant duny he year Was 81 1900
The wnrs OF thc Nina is constantly Increasing ana H.
rSn.e: tie c',cr,airg n,cnr in sums of dollar url
parts Of dollar the coinasc lay double '!nh. t' I'M
two yeais. he ,ajs tneo - more nan ,ioN, sinr' ID
the country, and tb i,i M i.cr iss instead 81 Ithl
shng fake the ace % one uolar blii aud lhctoiai
currency and he Trunks 'I1t te cieGitoh Oh riiS SI i,
he first sep 70 ihe rcs9nprion % secle pymeuts winch
is the fist principle il his creed o government
No coin Of "a smaller examination han dues Is coincs
at this Mint nni there are - II gold pieces struck
here Tie smaller CONS struck In lhia5cpha II
Hag b coaiee';trd that II requires ~ mic- "'i@ ahI
PloCEes At THT MfST.
Having previously described the manner Of smelling
and taacil z orc gold in it. crude form, sometimes
MS allied .relort,," and known at the Mint ~ da',
viii low ondeayor 10 take the rraer through tAe Mint
following tls cold uBt ii is pan oot over the counter
Unti recently siDall percentage believe oneifth Of
one per cont has been charged for coming. hut tie
XLIIG Congress repealed tie tax on 60 aage, which Is
source OF rojoc.ig the part oi dealers IN bullion W.
will say tha Smith ows quantity ci gold dust and
few hars sdYor. Tho inencsi Of neither has been
cert ,nel bit Smith - IN need o. money AID wants 10
realize he take h., soid aud silver 10 he Mint and oe-
comes what IS known rs depostor. lie deposits hs
metals which weighed in his prescncc 10 hurdclth
part of an ANA receives receipt 'r the pom'er
OF oincss but value Is given. for hs not yc been
a,eertsinrd. Tho deposit il numbered, memoran-
dsm made, which accompanies the deposit wherever
IL goes ana it Is paced in "a siaoi-ion box ana
conveyed 70 the dcp0s. groom. record is here
made and in is ta.a tho ii post is melted to white
lLuid statc black load cuci5o the process r'Guir-
ine ab0ut halt hOu-. The deposit il thcn run into
mold and tie thu formed i stamped WIFI lts num-
hcr and back place Of it, original reception
The grains placed in paper and accompany the bar
al hotA .od a'n ID asc' rt1n te l.'' in melt
ii The bar j. then s To- ,le aasaycr WAole it5 hne-
nes, is asc,,Ginci. ard the deposit irtnsred to te
cugrfiIt.rielt lp.n t.e hncues oi Tie bar Tie Na'u'
OF the deposit f. pueG ana Snii Is pad 10y gold
check the Treasurer without heinz clscd TO wait for
lar Is thou tug.i to the meter an1 ,einer. with
number ~ otrcr s, winch gre ine'iod into what IRE
known ~ uapariad lrs vciet.u- from 800 10 SEQ
ounces each, rnt tirc sent g. tfc aray"r an1 as
saycd H. nrI ,Lencr going 10 te refinery for the re-
mov Of the silver md base metals coipuol. and are in
Due ilme retuued to the superintendent o. tie
sGrt in The foim 81 refined anu peaFiy l"rc gold
Tie e., ga , f.a2 a,r as'y'9 as = lo.aa a So t tene
Copper s ,ed alloy IN ne prNnurtior o. ninc or rlt
~ one OF copper ill., standard o.. American 'on bong
added. the .-os wei-h t. multiplied hv ~" huene of
;ie gold am divided by 3rJ, winch cis' ilo rnnhcr o.
j. 500 line The difference between ne srcss and slan l.
ga woiyhs Is the imogpt ri copfer 10 be added Ihe
1uracrs w'or ihey arc lp,d apd nio ngot molds,
plurc acid. which removes tn npurf - on tlo s ace,
i,' ia i. @ LEX. hch aye resr,d for ssays ale
Clipped either end before rck'ns From the Peho
thr irsos cooled H. tank of wanr AZ orr end I'll
oach ngoi hollow place liz. tia ~ tir ho,o'i Of
ana tE's emo IS t'prl 81 IN ml'hinr. me ~, gre
t1rn f!ed 10 move hc rough Edges ad each mc!t IS
placed agato box and goes 10 e weighing ioOn.
ild is weighed.
1t must be said that tho uetcr and roenr, ovin
his responsibility is very careful of The nrecious mc'l
in his aeclns After the bars ia Ais possession FOR
weighing, a! The pots scraaed tie Tops GnG fnss
collected The iron hoor ~ opon wDr pieces IS alon mp
end washcd Tie stono swept and cleaned around
the furnaces ard le mel ta separated from he relnIns.
weighed and placed 10 hc credit OF tie necr. There
OF eessy Dc loss in the coinage of money owing
70 e Of processes through which il has TO pass,
and an aiiov hy aW is made to the WcieheT and
rciner To loss ny act o. Cong in tie onro process
Of melting. from first 10 la5 IS fixed at o. 10 every
1000 o. OF gold and - every 900 Of silver.
TIL, was supposed 20 be about tho ordinary wa-age.
Mr. Martin however, has shown that tho allowance Is
too great, slthOugh in bis it makes difference
10 the Cosornmont In Some OF the mints, how
The practice has been 10 return Of the allow
ance 10 the Government and have heard that 1t