New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-11-17

dimes reconcd into pieces OF larger denomination
at the mint at san Francisco.
Gold bars TO the amount of Sl2976.sI2 &c, and silver
bars to the value OF $9Oi5 sO2 IL were made.
The amount Of the specific appropriations made by
Congress for the support Of the several MINIS and Assay
Offices % the United States for the fiscal year was
sl,243.Gio. OF which the OF $1l752i9 80 cx-
pended. The arising under Section 1926 of the
Revised Statutes on the coinage Of silver curing the
fiscal year S32s7.446 co. from which
Si7,439 IL paid for wastagc, S93l74 -
for expenses OF distribution. and OF the re-
mainder the sum OF S2.Sj4.054 60 was paid
into the Treasury; The profits on tho minor coinage
were S5l ~ SO. from which there was nad the sum OF
fne average London prce Of silver bullion purchased
during the year was 1OO9G cents per standard
htWs Is sut- sen ~ the director thit me o-ccnt
nickel piece he discontinued and The 2cent bronze coin
rCauthOrZed.
In speaking Of the present condition of the Assay
Office at New-N York the Director This institution
l. IN as Give condition as The limited facilities OF the
building will permit The present receipts Of gold n
foreign importation are greater than for any previous
lai amount OF worl performed I'll demands for
OF Tine bars ~ payment for deposits promptly met
When the Importance OF this oirc Is COnEidcrd NJ Is 10
hc regretted that better iacnts atc not ut lis com
maud for The rapid prosecution of business"
Tie production of The precious met les IN the United
States In 1879 was considerably less than TINT OF
the preceding year because OF the diminished
THIS decrease has been IN part coniucnsa;ed by the
regions cf the Il cky Mountains especially IN Genital
au0 southern Colorado Tie production oi that STATE
was 20 least SGuO0OoO greater in The last ihan IN the
preceding wear. ana VIII probably furnish undiinu
ielyt n NOT increasing amount Of eVtrin the iutuic
The Director estimates the total Iroduciod of the
precious metals in the cOul rv for h last fiscal year NJ
1S.9l2,Co0. Of when S3S,9uOOOO was colo ard
S4n.el2 600 silver nearly bc ascertaned from
official aud other iristwor lay sources Nearly a al tie
gold and large portion Of the silver proauced M the
United States during tie lat year coined at the
minis used IN domestic manufactures. arts and oIna
mcutttion The surplus WAS exported TO non-pTOdncing
countries. From ail Information i is saic> assumed
thlt The annual coDSunpiun IN the United States OF
precious metals IN an terms Tor manufacturing purposes
BOW averages S9.OO0.OOO of gold ana S3,OOOOoO OF
oliver
Tuc total amount Of gold coin in the country the
3O,h az june last is estimated at S2e6,i1OOJ- ana OF
liver ll2Oj09sj the gain I'm The past years be-
ing Sl5l i9OG9~ IN gold ana SlO1.OJ0.9SJ III silver.
S tc o. the last scHl year and November
The Imports Of coin ana bullion aud the domestic c1n
gold and cl2l iJG35j m SILVER, total oi %l2G2o6s'2
ahou, 50 pr capita OF com. IL is estimated, should
the How OF gold continue from foreign countries thc
metallic circulation OF tie country NJ TIE 'ii OF tho
present fiscal year VIII nave swollen 10 over
S6jO,OOn.OO c.
Ina c,o.inE MS renort Mr. Burchard SAYS: should
the free COINAGE of silver at liked valuation with gold,
be established by suitable legislation aud International
agreement NO erss of silver ABOVE tho needs for coin
SILVER heretofore rom lis necessity Tor fractional and
smaller denominations o. cola In circulation VIII not
gold. should the SGO0OCOCOO of SILVER coins
now permitted TO circulate fun lega-icndor
IN Europe be demonetz'd, consequences VIII
follow more disastrous e the STABILITY
silver all monetary values than have atcndedts
partial exclusion from European circulation, and us I'M
ueciae further depreciation would pour the whole SUP
Toe United states could not siuglchaiued among com
meTcia nations sustain the Nuc OF silver from TIE
inevitable fa II European nations continue u decline
oNeTtlcs for au International agreement IN regard 10
coinage of silver. The CXpcdcncy Of opening our
Bs 10 the free coinage oil their present stock OF SILVER
and inviting It's speedy decentralization o ioft here Is
questionable