The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1880-12-10
Report Of the Director q the Mint.

AkCPVIO ~ AnE OncCtN1 tk ING 114BtS
The annual report of the Director Of the
Mint shows the work of the year performed al
the institutions under charge Of tie Mint Ru-
reau has been unusually heavy. Tie deposits
Of gold bullion at the mints and assay Offices
have been, both in number and value, greater
than in any previous year-$98 1885,, 096-and ex-
ceeding BY nearly $50, OOO, 600 the highest pre-
yious deposit Of 1861. This gain was not the
| result of increased deposits OF domestic pro-
| duction, Of which s35,S21, 7O5 we're received,
as against over S5s, son, coo fer the previduh
year. The deposits OF plate, jewelry and
worn coin were about $250,O00 greater than
1879. amounting to 1885, 634, and receipts Of
foreign coin and bullion increased nearly $780,.
00O, $40, being SCI, 1927 soc, out Of total import
OF 49, $50, S37 The deposits cr silver and de-
| liveiles UPON purchases were only exceeded
during the coinage Of fractional silver and
trade dollars in 1877 and 1878. The receipt5
Of domes ic silver bullion we're $50, 1873, 756 !;
foreign coin All bullion, 90, 2l0. 105 plate, jew
| elry and American coin, $685. 001 total,
s5a, 40 522.79. OF these deposits S36, Ia, 1853
in gold and $2,574, 295 in silver were trans
ferred OF withdrawn from the apsay CFflcHs OF
mints. aad again deposited, making the total
amount received and operated upon Of both
gold and silver $172, loo, 231. The coinage OF
gold. although heavier than in any previous
year, con not keep pace with the eeposits,
and S3s. 46S, 9T4 in. gold bullion remained TN
coined at the New York Assay Office and Phila-
d,dphla MINT at the close Of the fiscal year.
The minis, however, augmented the circula-
ton 984, 37O, ia, adding $50, l57, 735 in gold,
$27 942, 457 in silver, and $269,971 In minor
coins
The total purchase Of silver bullion during
the year amounted to 4426, 357, 1888 standard
ounces, at cost of 1924, 972, 461, being an aver
age purchase of $2,Osl,O1 worth Of -iIyer bull
hon p month. Tue average Treasury Depart
ulent price Of silver bullion of the British
standard during the year was 50 7-10d.
The total coinage of the standard silver
dollar has been S72,8i7,750. The amount on
July /, 1879. was $7.B5e, Gsa, and on July i,
1881, I'll, S0s 435. an in rease in the rcula-
ton during the year Of 81, 655. 1855. The clrcu-
iataon was further increased to November |,
1880, by the issue of Sc. 1885 making the
total crculc ton at that date $25, 763. 291. The
remainder OF the co mage, $4S.US 459, was in
the treas ury, $19, 70S, PAL being held for the
redemption Of silver cei tifcates, and $28, 304,-
2l8 for distribution. OF the latter, 3l2.9l8.-
sos was still IL the minis
The productIon Of gold and silver in the
United States during the fiscal YET is estimated
at $96, O000 900 Of gold and $37 700. 900 of silver.
1t Is ess imated that probably S.. 500 900 of
god and $4,000,000 Of silver Of domesti pro-
ducti,n, together vi $2,50O,OOO gold and
100000 of silver United States coin were
used IN the manufactures and arts, be-
side the melting up of plate, jewelry, for
tion coin ami bullion sufficient to make
total consumption in the United
states Of $10, 00O, 900 III gold and 50. 000,0 in
silver. The most interes ing portion Of the re-
port of the Direct II of the Mint relates to the
coin in circulation The estimates, ST. ring with
$135, 400 900 II gold and $4,000 o SILVER coin
IN 1873, have been continued to Nov l. 1880,
by adding yearly coinage, less recoinaee and
coin imports. less exports, show an increas-.
N coin circulation for the whole period of
S24O 323, SSl in gold and $147, 277 ,544 in silver
con.
The gain in coin in the country and Of bull
lion Ii the minis since Jan. l, 1879 the date
liked FOR resumpt on. amounts to 1921, 1899 428
of which $175, 701, 9G4 Is in gold and ISL. 6s7,-
524 silver. On June 80, 1850, the amount of
gold coin in the country was $685., 958. 69l and
of silver coin $l42597, 69l. These amounts
were further increased by Nov. l, 1880, by
net coinage and import of SIG, 365. 1873 in
gold and $9,680,254 in silver, making
the total amount of United States coin
at the latter date $521,6J1, 425, of which
s375,323,S81 was gold and $152,277, 544
silver. The mints and assay offices held in adj
dit on bullion, which is being coined as rapidly
$1S55S, 81 gold and $6,O4s 367 silver, making
grand total of coin in circulation and bullion
av&la lie for coinage on the LIST of November
of $612,2n3, SOB, $459, SS2.692 Of which is
gold and $15S, 32O,91l silver OF the amount
Of Uni ed States gold coin in the country
Nov. |, 862, 167, l41 was in the treasury,
S112, III 500 held by the banks AMI 5000, 379 1873
in private han Is. OF the silver coin, S47, 084,-
459 standard dollars, and $24.629, 489 In frac-
uo1al silver were held bv the treasury The
national banks report $5, 49,, 1857 as the amount
of silver held by them leaving $75. 289. 239 in
other hanks and in general circulation. By a
comparison of these gnres with the state
ment made by the Director of the Mint the LIST
of November, 1879 it will be seen that tue
treasury gold reserve has diminished to the
amount Of $57, 1853, 529 in coin, but holds over
|S,O0O,O0O in bullion. The silver coin in the
tr asury has increased to the amount of
81 324, 348. The banks have increased their
stock OF c1in TO the amountof $780, 1884 In
gold and $41l,014 in silver and the amounts
in private hands have been increased by
s58, 179,O3O in gold and $9,OS5, 1923 in silver.