New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-05

CONVERSION OF REFUNDING CERTIFICATES.
At OF toe last report rebuilding certificates is
sued under the Of February 20 1879, remained out
standing to the amount of $5S9,050
There have presented during the year for con
version mo iour per cent bonds certificates an ounug
10 $l74,30O leaving still uncOnyerted Si23,7j0.
III the language Of the act these certificates
yertible at any time with accured interest into the
per cent bonds described in the Eeiunding act" Prior
May l. 1892, It had been tie practice of the Depart
men to convert the principal only OF the certificates
Tito per cent bonds paying tile interest accrued On me
certificates IN lawful money.
nand up0n the Depar the accrued
his certificates, as well "a the principal thereof con-
INTO per cent bonds the question referred
to the Depart OF Justice for examination In
opinion OF the Attorney General whcn was furnished
this Department. The claim thus made was held TO be
Justified ny tie language OF the act ana on conversions
rGeCied May l. per cent bsds have been issued
in satisfaction OF the interest accrued the certificates
In lieu OF The payment OF lawiul money. IN cases
where such interest amounted 10 sum sufficient to en-
tile the holder 10 a nd .
Up to November l, 1882, So 500 in per cent bond.
Of the amount ~ such bonds outstanding,
but not increasing the TOTAL debt
CONTINUED TRCsT-FUND BONDS.
1t stated in the last report tnat $50 in bonds
Of the per funded loan held By the Secretary OF
the Treasury part Of the snkugfund for the Pacific
Railroads had been continued NJ 3l2 per cent,
and that So 900 IN bonds Of the loan held In
for the South Carolina schOould, had also been
tiuued in preference to allowing the bonds re-
deemed and investing the proceeds in other bonds.
For the the 3ia per cent bonds have now
been exchanged per bonds Of the act OF July
II, 1ss2.
COINS AND COINAGE.
The TepOr Director of the Mint gives In detail
transactions OF the mint and assay during the
year together with Statistics and inquiries into the
financial condition Of our and foreign countries
The imports fore ign gold coin and bullion were dur
ng previous year t97 900 900 During the last fiscal
year the OF imports exports was about
81. go. 900.
There during he fiscal year ended June 30 1872
Of exports
Gold bullion. SI,bO1i36
Cold coin, Aniet csn............-....... 29so5.2s9
Gold Din. foreign ......-....-.....-... l,lS..lJ5
TOT ri.s az; 32|s7ssO
SILVER cola American. 49,. NM. 4.3U9S
Total lGs2950o
Total eola and slg4I7475
There were imports Of
Cold bullion .......................... so,soG.o5S
COD com Ohm H9islIan 2S igiSg
s iSs1 bullion s2i2I755 '''O'4
silver colo. Amcrie an. ................. 0iOs77
silver coin, foreign. s.............. 5.O32,726
s.o05330
Total imports Of gold silver........ s49472 500
There deposited a. tho mints and assay offices
66756,0J3 Of gold, which was S7i,OO0.0OO less tnan
tue preceding year. because ot the decrease in the i'm
The coinage at the minis during the fiscal year was:
STANDARD silver e7 7267t 90
Lraetona silver oiisl9 .
Total .., - IN s.l "a. oo
The coinage Of gold was nearly ST. 600 COO more than
that OF any previous year in the history the NINA
AbOut onealf 81 this In eagles. tnird in half
eagles and the rect ia double eagles.
The purchase of silver for coinage during year was
1857 229.37 ounces of standard silver a cost of
S24 1868 49 20 average Of 81 OF ID per nd
ard. The average London price for silver 81 10
pence per ounce Of british standard fnencss equivalent
10 81 OF &c per United States standard and the
average Ncw-York price was 81 OF 4l0 per ounce
during the year abont $4,000 of punched and
mutated silver coins were purchased and melted for
Inc silver coinage consisted OF S27772075 In stand
ard dollars and $l1.3l3 70 in fractional Oin total
OF S27 1888 3ss 75
The profits on the silver coinage amount 10
IS 40 ss7 49, OF which S3,43s,s20 Al were from the
coinage OF the dollar aud T0J7 - from fractional coin
When the financial report OF this department was
made last year public queries were started whether the
profits coinage truly gwen. To satisfy IN, self
and please proper public scrutiny called a hitting
Official person from the Assistant Treasurcrs office az
New-IOrs, and charged him with thorough investiga-
ton OF the natter What he did appears In his report
appended hereto I think II Ia complete and sasrac-
tory and puts any doubt that the have
been accurately kept and truly reported.
During the year the mlnts distributed 15.7i7.i63
standard silver dollars leaving In their vaults 1886 672
from the coinage OF this and former years.
OF tho minor bsse-Ineta come 40 S65.725 pieces
~ - e.