Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-11-16
WASHINGTON.

The Author of "Lit,le Brooches" APP
pointed Assistant Secretary Of State-The
Annual Report of the Director of tho
. Mint-Coinage Statistics.
LITTLE BREECHEs
WASHINGTON, Nov. l5.-The appointment of
Col. John hay, the we'll known private secre-
tary to President Lincoln, as assistant seere-
tary OF state is announced to day at the de-
partment. Stewards retirement is in obedience
to controlling domestic considerations.
THE MINT.
The report of Horatlo G. Burchard, director
of the mint, was submitted IT, the secretary of
the treasury this afternoon, and shows the. op-
erations of United States minis and ASSAY
Offices during the fiscal year ended June 80,
1879. During the year the total deposits of
gold and silver, including silver purchases,
amounted to $7l,l79, 654, Of which So, 1854, 1856
were gold and $2S, 1856, 497 were silver. Of the
a anG a s9S mt 100 ssS'54'9795 of gold
were of do%ests ss oss Of silver live
and $l,060,779 of silver were United States
coin 81, 069, 796 OF gold and $l,672, 9ls of sill
yer were of foreign bullion, $l4, 1913, 1877 of gold
and $685., 632 of silver were foreign coin and
S937.75l of gold and S2OS, 600 of silver were of
plate and other manufactured articles. The
amounts OF gold and silver separated in re-
hneries OF coinage, minis and the assay Office
at New York were 800, 759549 of
gold $lO,687, 526.97 of silver. The coinage
during the year amounted to $6S3l2, 592, and
consisted of 2,759.42l pieces of gold Of the
value Of $40, 9S6,9l2, and 27,22S, $50 pieces of
silver OF the nominal value of $97,798. The
actual use of gold part of the circulation
consequent upon the convertibility of United
States notes into coin, it was anticipated.
would create a demand for smaller denomina-
lions of gold coin, and during the asst fiscal wear
there has been larger coinage of eagles, half
eagles ana quarter eagles than in any preceding
year during period of sixteen years. The
coinage of eagles and half eagles will be con-
tinued till the demand is satisfied. The silver
coinage has been almost exclusively Of stan
dard silver dollars, of which 27,277, 500 were
coined during the year, and the total coinage
to November l, 1879, has been Al ,2O6, POO.
The total amount Of subsidiary coin issued
since the passage of the resumption act was
$42,974931. The full amount coined was
$43.994,931, but 81 100000, in dimes, was re-
coined INTO pieces of larger denomination, at
the mint at San Francisco. Bars manufac-
tured, tine and imported, amounted to $22,-
O22,614. of which $12, SIG, 8l2 were gold and
$9042, SOP silver, The total amount of gold
bars was 81, 976,Sl2; the total amount of sill
yer bars, $9,045,SO
The director thus closes his report: The true
policy of this country is such conservative
action as will tend to bring the values of gold
and silver to their former relations, UNFOLDING
the one and preventing the appreciation of the
other until it can be determined whether the
commercial nations are willing that both met
ais should be yoked for equal monetary ser
vices, but in the use of silver as money
must be abandoned, it is gratifying
to believe that the vast resources.
agriculture and mineral wealth, present devel-
opment of the mining and manufacturing in
terest and facilities for inland commerce, the
comparative ightness of taxation and relief
from heavy foreign Indebtedness, and, above
ell, the productive genius, industry, inventive
skill and capacity of the people of the United
States will enable them to retain, or as now,
draw from abroad the gold needed for mon
etary use and that commercial disaster and
depression threatened or feared as a result of
restricting the commercial world to one metal
are more likely to fall on the nations that ini-
tiated and are responsible for the movement.