The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-12-04
MAKING MONEY.
REPORT OF THE sUPERINTENDENT
OF U. q. HINTS.
Present Volume OF Our Specie Currency
With Statistics Of Its Denominations
and Availability for the Uses
OF Commerce-Othe Gov.
ernment News.
"a MoSEY.MAKrNG INSTITUTION"
Report OF the superintendent OF the I
q. Mint for Tho Inst RiNehI Yenr.

n. Mint for the Last PiScai Yenr.
| WASHINGTON, December S.-The annua
report OF the Director OF the Mint show
the work Of the year performed at thu
institutions under charge OF the Mint Bu
reau has been universally heavy. Tht
deposits Of gold bullion at the Mints ant
Assay offices has been, both in number
and value, greater than in any previou!
year, aggregating S9S.S35, ,OO6, and cx
Ceeding by nearly $50 O0O0. 900 the highes
previous deposit OF 1861. This gain waE
not the result OF increased deposits OF do
mestic production, OF which $35, ,S2l, ZOE
were received, as against $500, 900 fol
the previous year. The deposits OF plate
jewelry and worn coin,were about $3.50 00C
greater than in 1870, amounting TO 81 1885,
S34, and the receipts OF foreign coin and
bullion increased nearly 100000, being
SOL ,627 $50 out OF total import Of $G2,-
55O,S37.
The deposits Of silver and deliveries
upon purchases were only exceeded dur
ing the coinage OF fractional silver and
trade dollars 10 " aud rs. The receipts
OF domestic silver and bullion were So,
129, 1855; foreign coin.and bullion, S2,9l0,-
l05; plate jewelry and American coin,
$2S, ,SG6,0Ol. a total OF S34, ,64O,5 ,522 70 OF
is, $36, l4l 1865 in gold and s2574,23 in
silver, were transferred or withdrawn from
the assay offices or mints and again de-
posted, making the total amount received
and operated on OF both gold and silver
$lS2, l9l, ,22l. The coinage ofgold, although
heavier than in any previous, year could
not keep pace with deposits and SSS .34S, ,S72
OF gold bullion remained uncoined at the
New York assay Office and Philadelphia
mint at the close OF the fiscal year.
Tho mints, however, augmented the
circulation to 81. $40, lA4, adding S5G, l57, :
1856 in gold, S27 Oh, ,i37 in silver aud $500, :
OIL in minor coins. The total purchases
of bullion during the year amounted 10
2,426 257 ,l3S standard ounces at cost OF
S24 .072,46l, being an average purchase OF
s., ,0Sl, ,0l3 worth OF silver bullion per
month. The average Treasury Depart
ment purchase OF silver bullion oil British
standard during the year was 50 7.l0d.
The total average standard silver dollars
has been S72,S47 $50 The amount on
July |, 1870, was $7,G53. $40, and on July
| II looOy SLVIOOu,1oJt WI luCIthet ia CltCuln'
lation during the year Of $ll ,655, ,TS6. The
circulation was further increased to No
vember l, 1850, by the issue OF 50, 453, $50,
making the total in circulation at that
date SOS, ,763 20l. The remainder Of coin.
age, S4S,0Si ,450. was in the Treasury, Sl9,-
7S0, PAL being held for the redemption OF
silver certificates aud $2S,304.2lS for the
distribution OF the later, and ST., ,9OS. sos
WAS still in the mints.
Ths production OF gold and silver in
the United States during the fiscal
year ia estimated al 100000 in gold
and S37, 100000 in silver. 1t is estimated
that probably $50, ,000, 600 in gold and $0,.
600, 900 in silver Of domestic production,
together with 81, ,500,000 gold and 5000 600
in silver United States coin, were used in
manufactures and arts, besides melting oil
plate, jewelry, foreign coin and bullion
sufficient 10 make total CONSUMPTION In
the United States OF Sl00000O0 in gold
and 100000 in silver. The most inter.
esting portion OF the report Of the Di.
rector OF the Mint relates TO the coin in
circulation, the estimates starting al
S135 ,0O0, 900 in gold and $4,000 in silver
coin, have been continued to November
l, 1850, by adding the yearly coinage less
tho reCoinage and, coin imports less ex
ports, and show an increase In the coir
circulation for the whole period OF S2i0,
323,SSl in gold and $l47,277 ,544 in silve
coin.
The gain in coin in the country and o
bullion in the mints since January I
1870, tho date fixed for resumption
amounts 10 S227, $685. ,42S, Of which Sl75,
7Ol, ,O0i is in gold, and sol ,GO7 ,524 in silver
| On June 30. 1850, the amount OF United
States gold coin in the country was S35S,
95S SOL, and silver coin Sl42, ,50T ,O9C
These amounts were further Increased b,
, November !, 1880, by the net coinage AM
import Of sos, 1866. 100 in gold, and 80 ESQ,
5?4 in silver, msking the total amount o
United States coin at the latter date S521,
1GOl, ,425, OF which $375, 1923, ,SSl was gold
and Sl52,277, ,544 silver. The mints AM
I assay offices held in addition the bnlliol
1 which is being coined as fast as facili
J. tiesl will, admit, amount to SIS, ,55S,Sl
: In gold, and s6,043,367 in silver, maxim
,, bullion available for coinage on the lst o
November OF S6l2 ,20S, ,G0S, S45S, SS2. .G92 Q
L which is gold, and Sl5S. 800 OIL silver. Q
, the amount OF United States gold coin il
I the country November |. $G2, 1877, l4l wa
In the Treasury, $ll2,777,GO2 held b.
banks, and 5000. $40 lSS in private hands
OF silver coin II, ,0S4, ,450 standard dollar
, and $24 ,690, ,4S9 in fractional silver wer
held by the Treasury.
The National Banks report s., $3.50, ,557 a
the amount Of silver held by them, leav
ing S75, ,2233, ,2930 in the other banks and il
general circulation. By comparing thes
figures with the statement made by tn
Director OF the Mint, November lst, 70,
will be seen that the Treasury gold reserv
has diminished to the amount Of S57.753
$40, in coin, but holds over $4,000. 900 ii
bullion. The silver coin in the Treasur
has increased to the amount OF $2l ,S94
3lS. The banks have increased their stocl
!, OF coin to the amount OF ssh, ,l47.SS4 il
! gold and SAL, Ola in tilver. The amour
= In private hands has been increased b
: S3S l79 OS0 in gold and loss, sos in silyeI