Savannah morning news. [volume] (Savannah) 1868-1887, 1882-10-16
GOLD AND SILVER.
Report of the Director of the Mint.


WASHINGTON, Octob 15.-The report of
the Directors of the Mint, which has been
trasmitted to the Secretary of the Treasury,
presents in detail the operations OF the
mints and assay offices during the year
ended June Both, 1882. The imports
Of foreign gold coin and bullion
were in the first half Of the year, $50, 100, ,2SO
greater, but during the last half $2s, 81, ,O47
less than the exports, the net gain for the
year being only 81, ,7S9,1S3.
The total amount of gold deposited was
500, 756, ,653, which was $7,400, 900 less than
the preceding year, while the silver pur-
chased for coinage and deposited for
and amounted to $50, ,720, ,491.
Notwithstanding the decline in
the deposits Of gold the coinage was great
er than that Of any previous year in the
history OF the mint. At the commence
ment the Of year there was on hand $685.
697 OF uncoined gold bullion, $32 S4S, All Of
which an addition to the deposits Of the
year twas consumed in coinage. The
total coinage was 1925 633 pieces
being nearly $11 ,OOO, 900 more than in any
previous year. The silver coinage consisted
OF S27, ,075 In silver dollars and $I,13l,-
315 In fractional coin, total of $27, ,783,- :
3oS 20. or minor or base metal there
were coined 1885, rs pieces OF the
value OF $644 757 IS. Gold bars Of the
value of S47 sos, 100 04 were manufactured,
Sl2, l47, ,674 80 of which were of fine gold
for depositOrs at the-New York assay office
Fine silver bars of the value OF 81, ,769, ,S9S 15
were also made chiefly at the same instItu-
during the year amounted to $23, ,627, ,229 81
ounces of standard silver at cost OF $24,-
1853, ,942 19.
The profits on silver coinsge amounted to
$3,44O, SS7 10. OF the coinage of silver
during the year the mints distributed
Sl5, ,747, ,643, leaving in the mints $35, 1885,
672, the balance of this and previous years
coinage. The total appropriations for the
support OF the mints and assay offices was
1,G09, COO. Of which 81, LIE, 1865 81 was ex-
pended. In addition to this there was a
further expenditure of $780, 98 from
the appropriation contained in the act
authorizing the coinage OF standard silver
dollars. A review of the operations of
each mint and assay Office is also presented,
giving In detail their operations and the re-
suit Of the annual settlement and examina-
tions, from which 1t appears that the whole
service has been conducted with satisfac-
tion to the government and to the public
generally. Statistics and information rela-
tive to the production, import, export and
consumption of the precious metals and to
their circulation as money have been OBJ
tanned and summarized.
The production OF gold for the fiscal year
is estimated at S31 500, 600, and of silver at
$44, 100000, a decline of S5,0OO,0 900 in gold
and an increase of 81, 900, 900 in silver, upon
estimated production for the previous fiscal
year. The consumption of the precious
metals in the United States for
use in the arts during the year is
estimated at $12,OOO.OOO of gold and
100000 of silver. The total coin Of the
country is estimated to have been at the be-
gnning of the year $439, nc, ,753 in gold and
$17l, ,459 766 in silver, total of SOL, ,236 519,
and at the close Of the year $500, ne, ,753 IN
gold and $199, ,459, ,766 in silver, a total OF
500, ,236, $40, gain of SCI, 900, 900 in gold
coin and $2S, 900 coo in silver. 0fthe gold coin
about $S7 100000 belonged to the Treasury,
$l04, 900 to the national banks and $3l0, 900
to the general public, including other banks.
OF the standard dollars $33 ,000, 900 belong
ed to the Treasury and $50 10000 to the
banks and the general public. OF the total
metallic In circulation $l48, ,00O, 900 belonged
TO the Treasury, $112, 900, 900 to the national
banks, and SAL 100000 was in general cir
culatiOn.