New-York tribune., 1876-12-06
OPERATIONS OF THE MINT.
A BUSY YEAR.

y DDS1 lEAh.
THE COUNTRY HAS ALREADY HALF ENOUGH GOLD
TO RESUME SPECIE PAYMENrs-DR. LiNDER-
MANN's RECOMMENDATIONS.
WASHINGTON, Dec. 5.-The Director OF the
Mint in his annual report OF the operations OF the United
States Mints and Assay Offices, says:
coinage aud bars 81 943 A. and silver deposits
sas @ IS gSS So and OF silver, si9126502 5o besides
S2J0,3j0 IN minor coins This was an Increase over tne
coinage Of the preceding year Of IG24991 % %
Of The appropriation bills providing for tAe support OF
the nts these institutions have been run to their u-
est capacity in manufacturing silver coin foI the redemp
tion o fractional currency In addition TO gold aud trade
dollar coinage During the months of August and Sep,
silver amounted 70 si$es,2lo in subsidiary
This j. by far the heaviest silver coinage for any
responding period of time IN the history OF me MINT mt
establishment Of the Mint bureau was IN 1898;
amoSSieG %Saie to ''S s9o77s71 ' Should any laws be
enacted at the approaching session OF Congress
contemplating the issue OF silver IN any other mode tna
the redemption Of fractional anu III eNchhlsc ior gOa
con the necessity OF providing for the coming OF silver
at the New-Oreans Mint Is respectuly snDitteG anaI a.
institution could be put IN condition Tor snch conage IA
about three mouths and at an expense OF about SIoOoO
were manufactured at the Philadelphia Mint ls6i med
ais and SAB dies. In compliance with request made
by the Venezuelan Government and IN conformity Win
law preparations have been inade al tue FIlauepnia
Mint 10 strike for that Government the sum OF SloOOOO
in minor coins Of copper and Aics" alloy: ,,.,
From the authentic sources or Information which
could he procured II has been asceria ned that the do
mestic production OF gold and silver for the fiscal year
was about ass $50 600 OF which amount SIG, 10000
was gold anu S3s, 100000 silver.
The director deyoes the principal part OF his ercrt to
review OF the several propositions for the coinage Of
egatender silver dollars under double standard The
director recommends not only that the legal
tender OF silver coins be increased TO $40,
but that on and after the resumption
OF specie payments these coins be made receivable 10y
law at the Treasury the United States andits principal
offices in payment of all dues except duties on customs
He also recommends that the trade dollar be coined ex
clusiyely on the Government account, and be made
legal teuder to the amount of $50 800 IL is already
valuahle trade cou and II made legal tender TO the
amount stated would enable banks better TO stock thcn
selves with specie ana In other ways prove useful a
dition TO the circulation The special value which rms
coin export to China would operate 70 pre-
vent Il redundancy, aud any undue WlthdraWal
coull he replaced by coinage at the mlnts. The
silver coins In circulation in Great Britain are
stated BY competent authority TO be s2O000O0O, equal
~ nearly 500 100000 The director thinks that II the
silver coinage laws should be amended suggested an
amount fully equal 10 that sum could be advanIageousy
employed in ordinary money TRANSACTIONS of the
people Of the United states. 49, -,
For resumption on gold basis the Director Gays the
country already stock Of that metal amounting 10
about $l50,O00,OOO which is hln the amount required
for purpose, and the annul domestic pTOluctoh OF
.hat metal exceeds that OF silver O1 the latter metal
here is not probably more than T3.ooo'ooo III I'M. the
country, exclusive Of change Oncy pale ana othor
manufactured articles. Thcr5 would Ot De any more
difficulty retaining gold product than that OF sll-
yer and either both Will he exported whenever tere
are foreign balances which cannot De adjusted IN
some other way. II double standard Is to be estaD-
lishcd on basis which VIII pracucsily iuake %
source whence the necessary Fppy OF SILVER Is 10
he derived Tue annual silS prOuc Of our mines even
the Increased OF last years pro ucti0n ana whlch
Is probable will not bc permanently maintained, wOud
be quite insufficient for the purpose.