Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1878-02-07

been coined every year since 1873, except |
ing in 1916 and 1877. Qaarter-eagles were
coined from 1896 to 1908 inclusive, except
ing in 1900 and 1901. After 1908 none
were minted till 1921 nor were there any
coined in 1922 and 1928; but since then |
their coinage has been regular, excepting
in 1928. The coinage of the double-eagle |
(twenty-dollar) and one-doIlar gold pieces |
was commenced in 1919, and they have
been regularly minted since then. IA
fifty-dollar gold piece appeared in 1851,
struck at the u. S. assay Office at San
Francisco; but its circulation was limited
and short-lived. 1t is said that its coin
age, however, "put a stop to all private
issues in California, y of which there were
many and various in that g vineyard of
gold.''l The three-dollar gold piece was
first minted in 1854, since which time it
has been regularly coined.
OF the minor coinage latterly circulated
the nickel cent, composed of SS pei. cent.
copper and II per cent. nickel, was first
minted in 1855. 1t was regularly coined
till 1864, and then discontinued. The
coinage of the bronze one-cent and two
cent pieces, composed of So per cent. cop
per and per cent. tin and zinc, was COM
menced in 1864. The mintage of the two
cent. piece was discontinued in 1873: the
one-cent piece is still regularly coined.
The coinage of the nickel three-cent piece
began in 1865, and that of the five-cent
piece in 1866. They are composed of 75
per cent. copper and 25 per cent. nickel,
and have been minted regularly since first
struck.
According to the last-published report
of the Director, the total. coinage of the
mint, from 1898 to the close of the fiscal
year ending June 30, 1877, was as follows:
gold, 1888, ,159 ,695; silver, $2O8, 8,s72, ,291 40;
total minor, Copper, nickel and bronze,)
$12, ,8S4, 703. .55-making an aggregate total
coinage of 81 ,2O4 ,916 ,689.95 The Director
submits statements of operations, during
1877, from the mints at Philadelphia. San
| Francisco, Carson, Denver and New Or
| leans, and the assay offices at New York,
Boise City, Helena and Charlotte. The
total amount of gold and silver received
and operated upon was $97 ,Sl1 ,S32. 80:
total gold, comprising bars redeposited,
US. bullion and coin, jewelers. bars, and
foreign bullion and conn., $GO, ,3s2, SOP. .76;
total silver, in like manner, $37, ,429 1929 .93.
Deducting redeposits, (bars made and is
sued by one institution and deposited at
another, the deposits and purchases were
$50, ,533 ,O64. .42-of gold $48, ,797 ,77s.71. and
of silver $31 ,745, ,285.71. Total coin mint
ed during the fiscal year, $72, 500, ,299-of
gold, $44 ,O7s ,199; total silver, $28, ,549, ,935,
/ Of bioT1 do 1a1l
total minor coinage, $62, ,165. The total of
bars manufactured was SIG, ,729, ,469. .O9-of
gold, 81 ,163, ,491 90; of silver, SO, ,565 ,97s.
The Director says that, g compared with
the previous year, there was an increase
of s., ,902, ,232.26 in the amount of gold
operated upon, and IS, ,913, ,627.14 in that
of silver; in gold coinage, 81, $40 .236 80; !;
in trade dollars, So, ,030, $50; and in frac-
tional silver coinage, st, 1892, ,5s2.5O. The
} Director further says that when it is
considered that given value of silver in
our fractional coins is nearly fifteen times
the weight of the same value in gold
coins, ana n trade dollars more than six
teen times the weight of gold, and that
the silver coins comprised 1850, 200
, pieces, amounting to $28 $40 ,935 in NOM
inaI value, the magnitude of the work
) executed at the mints will at once be un-
t derstood.''
: The coinage act of 1873 contains the
: following provisions: It provides that
: the Mint of the United States shall be ga
Bureau of the Treasury Department, en-
l bracing in its organization and under its
control all mints for the manufacture of
2 coin, and all assay offices for the stamp
E ing of bars,'' which were then or which
S might thereafter be authorized by law
the chief officer of the bureau to be de-
/, nominated Director of the Mint, and to
D be under the general direction of the
Secretary of the Treasury; the Director
0 to be appointed by the President, to hold
e Office for five years, unless sooner re-
e moved, and to have general supervision
j.. of all mints and assay offices; to receive
d an annual salary of four thousand five
!, hundred dollars, and payment, in addi
It ton thereto, for all necessary travelling
Z expenses in visiting the different mint;
r and assay offices. The standard for botl
O. gold and silver coin of the United State!
h to be such that of one thousand parts by
: weight nine hundred shall be of purt
d metal and one hundred of alloy: the al
n 10y of the silver coin to be of copper, ant
}. of the gold coin, copper, or copper ant
! silver; the silver in no case to exceed
}. one-tenth of the whole alloy. The one
r dollar gold piece, of the standard weigh
,s of twenty-five and eight-tenths grains
" to be the unit of value. The charge 70
1 converting standard gold bullion int
re- coin shall be one-fith of one percentum
73 that for coming standard silver int
7y trade dollars to be fixed from time
re- time, so as to equal but not to exceed tn
N actual average cost. Minor coins may b
IL delivered in any of the principal cite
A and towns, at cost of the mint, for trans
or portatiOn, ut discretion of the Director
lv and are exehangeable at par at the mir
Of in Philadelphia, at discretion of the 81
an perintendent, for other minor coins b,
hit fore authorized; and the Treasurer, a!
he sistant treasures and depositaries of I'll
nj United States are authorized to redeel
IL the same in lawful money! under sue
tn rules as may be prescribed by the Seer
as tary of the Treasury, when presented
of sums of not less than twenty dollars. FC
~ the purpose of securing a due conformit
We IN welghG OF the COINS OF the ohlV'
mis- States, the brass troy pound weight pr
he cured by the Minister of the United Stat
ore at London, in the year 1927, for the II
Of of the mint, and now in the custody
i'll the mint at Philadelphia, shall be &
I 3 standard troy pound of the mint of t
ms United States, conformably to which t
ms coinage thereof shall be regulated; al
or it is made the duty of the Director to pI
,n, cure for each mint and assay office S