American citizen. [volume] (Canton, Miss.) 1864-1890, 1879-11-29
The unitad States Mint.
wAsH1NoroN, Novern,

The report Of Horatio C. Burchard,
Director of the Mint, was submitted to
the Secretary of the Treasury yester-
day, and shows the operations of the
United States minis and assay offices
during the fiscal year ended June so,
1879.
During the year the total deposits Of
gold and silver, including silver pur-
chases, amounted to S71,179,654, of
which $40, 254, 1856 were gold, and $685.
025, 497 silver. OF the above amounts
e3s, 549, 705 of gold and $40, 1894, 72S. of
silver were OF domestic production,
S198, OS3 of gold and S10.607.79 of sill
yer were United States coin, 81, 069, 796
of gold and 81, 072. 919 of silver were of
foreign bullion, 81, 1913, 819.71 of gold
and $G98. 632 of silver were of foreign
coin, and $937.7 51 of gold and $208, GOO
OF silveT were of plate and other manu-
featured articles.
The amounts of gold and silver
separated in the refineries of coinage
were $40, 759, $40 of gold and $1O,6S7,-
52697 of silver. The coinage during
the year amounted to $68, 81, 592,
and consisted of 1888. 421 pieces of
gold, of the value of $40, 1886, 912, and
"a, 228, $50 pieces of silver, of the value
of $37, 227, 1882, and of minor coins
$3.50, 200 pieces, of the nominal value
of $97, 1913.
The actual use of gold as part of the
circulation consequent upon the con-
vertibility of United States notes into
coin, it was anticipated, would create q
demand for the smaller denominations
of gold coin, and during the last fiscal
year there has been larger coinage
ofeagles, half and quarter-eagles
than in any preceding year during the
period of sixteen years. The coinage of
eaglesland half-eagles will be continued
until the demand Is satisfied
The silver coinage has been almost
exclu}ively of standard silver dollars,
of witch "a, 227, 500 were coined during
the year, and the total coinage to No
vember l, 1879, has been $45, 266, 200.
The total amount of subsidiary coin
issued since the passage of the Resnmp-
ton act was $42, 974, 931. The full
amount coined was S43, 994, 1871, but
81, 020,000 in dimes was recoined into
pieces of larger denomination at the
mint at San Francisco.
Bars manufactured, fine and import
ed, amounted to S22, 022, 614, of which
312, 976, 812 were gold and S9,045, 1902
silver. Total amount of gold bars,
e12, GIG. 812; total amount of silver bars,
30, 045, 802.
The Director thus closes his report:
:" The true policy of this country is such
action as will tend to bring
the values of gold and silver to their
former relations, upholding one and
the appreciation of the 9TH
er, until it can be determined whether
nations are willing that
both metals should be yoked for equal
service. But in case the use
Of silver as money must be ADAM
doned, it is gratifying to believe
that the vast resources of agri-
culture and mineral wealth, pres
emit development of mining and
interests. and. facilities
for inland commerce, the comparative
ightness Of taxation and relief from
heavy foreign Indebtedness. and, above
Ill, the productive genius, industry, in
ventive skill and capacity of the people |
Of the United States, will enable them
10 retain, or, as now, draw from abroad,
gold needed for monetary use, and that
disaster and depression.
threatened or feared, as the result Of
the commercial world to one
metal. are more likely TO fall upon ma
ions that initiated and are responsible
or the mOvementr