Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1885-11-29
LAST NIGHTS MEETING.
FULL TEXT OF THE CON-
METTEE'S REPORT.
A Plan Outlined and Immediate
Action Called For.

Last evening there was a large
gathering Of citizens interested in
the opening of the Mint, at the
District Court room.
THE COMMITTEE REPORT.
The Chairman called for the
Committees report, which was
read by the Secretary as follows.
MIR. PRESIDENT Your commit
tee appointed at a previous meet
ing to propose some plan to renew
the operations of the Carson Mint,
have had the matter under consid
Grafton and submit the following
report
In 1867, in the exercise of the
power to coin and regulate the
value of money, Congress estab-
lished the Carson Mint and put it
on equal footing with the MINIS at
Philadelphia, New Orleans and San
francisco.
The object of establishing a Mint at
Carson undoubtedly was to provide
metallic money for the needs Of
business. and accommodate the in
habitants of the vast mineral re-
gion lying between the Rocky and
Sierra Nevada mountains, with ia
cilities for parting, refining, assay
ing and coming their bullion, and
supply them with the advantages
of sub-treasury, for the Superin-
tendent of the Mint is Assistant
Treasurer of the United States and
is vested with authority to purchase
or exchange bullion, exchange the
coins and draw checks in payment,
(R. S. Sec. $3.50.
1t cannot be pretended that the
object was in part even, the sordid
one, to make a profit for the Coy
eminent since this is contrary to all
theory Of government, and against
all practice. For more than sixty
years Q792 till 1859 coinage was
without charge to the citizen
and the change to the system OF
charges was made, not TO save cost,
or make a profit to the Government,
but to prevent melting the coins
when a profit could be made, and
recoining them when caprice sug-
gested, or necessity required.
Since 1870, and until April last,
with the exception of short inter
walls, in 1880, 1881 and 1882 the hIint
has been in successful operation.
During that time it has coined $lS-
163,945 in gold, and $13,S18,00l in
silver, besides large amount of
small subsidiary coins.
Of this amount there remained
in the Mint April LIST, 1885, and in
custody Of the Superintendent, as
Assistant Treasurer Of the United
States, 1927 ,405 in gold, and $3,341,-
2S3 in silver.
There was also in the Mint,
parted and refined, and ready for
coming, 250,24l ounces Of standard
silver bullion, and 1904 ounces of
gold bullion, and 20,563 ounces Of
gold, and 407,017 ounces of silver
bullion ready for treatment.
In addition to this supply. suffi-
cient to keep the Mint running
for six months or more, the mines
,c;tlii,e the State had increased their
output and were yielding, it is be-
lieved, more than million dollars
each month.
The Consstock alone was producing
more bullion than the Mint could
manipulate at its full capacity.
These facts are cited to repell the
suggestion that our bullion product
had decreased, and to show that
the necessity for the Mint con-
tinued as before. They may also
serve to expose the animus and
parry the blow aimed at our lead
ing industry by the Director of the
Mint when he declares that:
But little business has been
done at this Mint during the past
three months, the aggregate of de-
posits amounting to only 500 ounces
in gold, and some 700 ounces in
silver"
THE total expenses Of the Mint for
eight years, beginning with the re-
sumption of silver coinage in 1873,
were 81, 159,S69 81, and the total
earnings during the same period
were $1,149,693 OIL, showing cost
in excess of gains Of 1926 80, due