The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1880-12-08
GENERAL TELEGRAMs.
IRE work of the MINIS the Past Fiscal



WASHINGTON, bee a--The annual report Of the
Director OF the MINIS. shows the work OF the year
reformed ~ the institutions under charge of the
Mint Bureau has been unusually heavy. The
deposits OF gold bullion III the minis and assay
Offices have been. both in number aud value.
Sac 81, CSC exceeding by nearly SO. 900 the
highest previous deposit Of 1851.
This gain was not the result OF increased deposit
OF the domestic production OF which $r'.SSl $50
were received a. against over -. 50O.UUO the
previous year. The deposits OF plate jewelry and
worn coin were about $1,000 greater than In
l~Te amounting To Al ;S5 ~3i, and the receipts Of
foreign coin and bullion increased nearly $50, eco.
600. being Sol .G27 $50 out OF total import OF
so 80 81 The deposits Of silver and dcliv-
cries upon purchases were only exceeded
during coinage OF fractional silver and
af Of GGt Domestic silver bullion were G'
20: foreign coin and bnlli0n, $22l?,lej; plate
iewelry and American coin. SIS. go. OF.
tS' iai ss; in soId and ss5iSs5 in
silver were transferred or Withdrawn
IRON tn assay Offices or minis and again
operated upon OF both gold and silver. si72, 49,
81. Coinage Of gold, although heavier than in
any previous year could not keep space with de
Grncoined at tho New York Assay ONES.
and the Philadelphia Mint, at the close OF
the fiscal year. The mlnts. however augmented
n cfrrulatior OF 3 $40 III adding $50 49, 75 gold
49, silver and sos. 81 in minor coins. The
total purchases Of silver bullion during the year
amounted TO 211b.2D4.lsS StaliOarl ounces al q
cost of S2l,95216l, being an average purchase of
SsOSl. OH worth OF silver bullOns per month. The
average Treasury Department price OF silver bull
lion OF British standard during the year was
- lied The total coinage OF standard silver dot
lars has been 81, 81, 80. The amount on July l,
1873 was s. 6 90, and on July l, 1850 Sl9.D9 t30,
an increase in circulation during the year OF
The circulation was further increased to No
yember l. Iss0 by the issue OF Sc, Is, SO, making
total in circulation that date Of 81, 763, :s9.
The remainder OF the coinage, Sc, Oh. 459, was
In the Treasury, sl97e0,241 being held for re-
demptiOn Of silver certificates and SIS, SOL 2lA for
distribution. OF the latter SO 9ls sos was still In
the minis.
inc production OF gold and silver in the
United state during the fiscal year is estimated
al 5,O000o0 Of gold and 1000 OF silver.
II is estimated that probably S5.!oO, 600 in gold
and sL000,000 IN silver OF domestic production
together with S-,JO0O 0J,UOO gold and 500 600 OF
silver United states coin were used in manufac-
lures ard arts, besides the melting up of plate,
iewclry, foreign coin and bullion sufficient 10
make the total consumption ia the United States
$1,000 coo gold AID Si0OO0,0D silver The most
interesting portion OF the export OF the Director
OF the Mint relates 20 the coin circulation The
estimates starting with so 100000 gold and s. 900
coo silver coin in lsIi have been continued To No
velnt-er l. 1850, by adding the yearly coinage
less the recOinagc and coin imports less: the
exports show an Increase IN the coin circulation
Tor the whole period OF Si70.32}, eS1 gold, and
Sl47,277,5H silver coin. The gain in coin in the
country aud of bullion in the minis since jan
uary /, 1S-9. the date fixed for resumption,
amounts to Sg2s s rs OF which SIS, 7Ol gOi is in
gold. MA 81 ,6g1,52t silver.
ON June 20, is80. the amount OF United States
gold coin in the country was sS5S, 9jS 69l, and sill
ser coin, Sl42. 5s7, O2O.
These amounts were further increased By
November I. 1850. BY a net coinage and
the import Of SLABS, $50 gold, aud So
tss0,j2I Silver. making the total amount
al coin dollars at the latter date. s527. COL
~. OF which $50 SSl was in gold and Sl52 277
81 in silver. The minis and assay offices held in
addition bullion which Is being coined rapidly
the facilities will admit 10 the amount of S7S,
.l7SSll gold md S4iUii 367 silver, making grand
total of coin in circulation and bullion available
fOr coinage the lst OF November OF SSH 25 CAS-,
SOB sS16J2 Of which is gold and Sl5S, 30 oil sill
yer. OF the amount OF United States gold coin in
the country November /. So, I67. l4l in the
Treasury. Sll2,777.6U3 held by the banks and
SOCIETIES i'm private hands. of the sill
Yer coin, 47,0si, $50 standard dollars and
S2i,619.ls9 in fractional silver held
by the Treasury. The National Banks
report S5.S5O3l7 - the amount Of silver held by
them, leaving SO %; 30 in other banks aud in
general circulation. BY a comparison of these
figures with the statcyIeut made by the directors
OF the mint ON the lst OF November. 1879, il viii
be seen that the Treasury gold reserve has dimin-
ished 10 the amount of S57,1 500 in coin, but
holds over 81 ,000 90 bullion.
The silver coin in the Treasury has increased
20 The amount OF S2i ..i2i3iS
The banks have increased their stock of coin to
the amount of $50 III ssh in gold and Sil1 oil in
silver, and the amounts III private hands have
been increased by IS eco gold and 81, 0S, S2S
silver.