The Warner weekly sun. (Warner, Brown Co., Dakota [S.D.]) 1883-1885, 1884-10-10

millions of Money coinea ana only q
Trihe Wasted.
Philadelphia Telegraph,

Millions Of Money coinea AM Ohty "
rriAe Wasted.
Philadelphia Telegraph,
The close of each fiscal year, June
30, witnesses a complete settlement az
he mint. All the coin in the vaults Is
counted, and all the gold and silver IN
the form of ingots, strips, chips ana
sweepings are carefully weighed to the
one hundredth part of an ounce, FIue
and furnaces are torn out, Subsldlng
walls cleaned and all parts of the MINI
carefully swept, so that so far as pos
sible every particle of the precious
metals is gathered up. When all the
coin on hand has been counted and all
the bullion carefully weighed this, with
the amount previously transferred to
the general treasury or paid out under
warrants. is deducted from the mount
charged to the Superintendent and the
operative officers, and the difference Is
the wastage resulting from the opera
tons of the year.
To meet the necessary loss IN the
operations there is an allowance made
BIZ law. If the wastage is within the
ltgrl allowance, and if the operations
apDear to have been conducted with
care. skill and integrity, the settle
ment is considered and reported salts
factory.
Under the management of Colonel
Snowden the Nastage resulting from
the operations has always been far
within the legal allowance. This year
is no exception to the unbroken line
of honorable and satisfactory settle
ments. The following figures will
give some idea of the magnitude Of
the operations of the mint for the past
fiscal year just closed, and will also
manifest the skill and integrity with
which it's delicate operations have been
conducted.
The total number of five o. and one
% cent pieces issued was 8 $3.50, O29,
with a face value of 81 LIZA, 907 70. In
the settlement this account came out to
a cent, there being no loss. The
amount of gold bullion operated upon wa
1905, 575.6 So troy ounces, equal to $24,-
289. 779, 20, upon winch there was a
legal allowance for wastage in the var
ious manipulations in converting it into
coin of 1,034.91 ounces, equal to 49,
254. 30. The actual wastage, as estab-
lished by the settlement, was but 1896
ounces, or $500. 51-or q loss of less
than 81 in every $31 allowed by law.
The amount OF silver bullion operat-
ed on was 81, 874,423.57 ounces, or ovel
Its tons; worth $60, 181, 125. 25-dol-
lar value. Upon this there was a legal
allowance for wastage of 65,O59.9d
ounces or $75, 524.1 II, if converted into
stamped dollars. The actual wastage
in working this enormous amount Of
silver was but 4, 625.67 ounces.
Ii will thus be seen that upon a total
of gold and silver operated upon amount
ing to 53,179, 999. % troy ounces, with
coin value OF S04,4T0, sos, 80, there was
a total loss of but 4,659.35 troy ounces
with q coin value of $5, 912.20; while
the actual wastage allowed by law fol
operating the same bullion was 66 ,094. "A
troy ounces-equal to $94,778.47.
The officers sent from Washington
to conduct the examination and prove
the settlement returned to the capita
highly gratifed not only at the care
skill, and economy manifested in al
the departments of the mint, but will
especial admiration that SO enor
nous o coinage could have been ISSUED
in perfect condition, with so trifing
loss, in the present crowded ant
cramped condition Of the mint.