The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-10-30
THE MINT,
Operations for the Year-Imports and Ex-
ports of Coin and RulIion

OperaHohs for the Year-Imports and Ex-
ports of Coin and Bullion.
WASHINGTON. Oct. 29.-Dr. JAS P. Kimball
Director OF the Mint has submitted to the Sac
retary of the Treasury his report of the opera
tions of the mint and assay Offices cf the United
States for the fiscal year ended June 30 1Ss5
The value of gold deposited at the mint and
assay offices during the year was $56. 749. 752. of
which $3 654 67 consisted of re-deposts. or
the gold deposits nearly $50 O000 900 consisted Of
domestic bullion. and over $11 00O, 900 of foreion
bullion, and some SIS 600 900 of foreign coin. The
value of the silver deposited for bars and
purchased for coinage, computed at its coinino
rate in silver dollars was $3s Os2 900 of rvb;eh
$l,292, AT were re-deposits. Of the silver de-
posted ana purchased over $32 OOO 900 was class
lhed at the points of domestic production. So
oooooo was OF foreign bullion, and 81. OOO 600 of
1orelgE COIN The total coming value of the
gold and silver deposited and purchased at the
mints was $94 800 976 against s97 955. l5L in the
previous year The decline in the production OF
gold on the Pacific coast is shswn by the con-
tinued falling off of deposits at the mint in San
risncisco. the value Of the gold deposited al
'iat inst'tuton having declined over $S 0O0 OOO
sihce 1901. Ihe total imports of gold bullion
INTO the United States was $S, S49, ,237 ST. Tho
deposits ct gold bullion classed as foreirn at th.,
mnts were $ll 000, 000, from which it would an
pear that over So 600, 600
had reached this country that way not entered
at the custom-house. The import OF silver coin
was $40, 020 243 of which $673, 926 was our own
coin. The exports of gold bullion were only
1896, $50, nearly all of which was United States
bars. The export of American gold
coin amounted to $2.345,s and
d
a total of 80s2, l42 The export of American
silver coin amounted to ST. 211 627 81, l,073 $50 of
which consisted of trade dollars and the export
of foreign silver coin to $l2, ,O60,6 ,6l2 some $l0-
100000 of the amount being exported at the port
of San Francisco.
The coinage executed at the mints during the
year was: Gold, 1914 S61 1913; silver $28, S48, $685.
minor coins, 1921, ,557-a total of $54 237 639. OF
the silver coinage $2S 52S, 552 consisted of stars
dard dollars In addition to the coinage exc
cuted gold bars were manufactured of the
value of $50, ,027, ,463, and silver bars
of the value of SO. 549, 313-a total
of Sal, ,576 776 The bars manufactured
exceeded by some $40, 600, 600, and the value of
those produced iii the previous year. The total
value of the gold bars exchanged for gold coin was
So 065 02l against $25 800, 799 the previous year.
showing large falling off in the demand for
gold bars for export
The silver purchased for the standard dollar
coinage during the year was "a 212 4l2 standard
ounces, costing $23, TAI, AGO. The average price
paid for silver during the year was 81 OS9. The
average London price was about So. O20, and the
average New York price $l091 The seignorage
to the government was some Is per cent. on the
cost value of the bullion The seignorage on
the coinage of silver dollars during the year was
81 $50 278; of subsidiary silver, $40 l9S-a total
of $4 355 476 The seignorage on the coinage of
silver from July l. 1878, to June 30, 1885,
amounted to $25, 33S, $780,
The number of silver dollars distributed by
the mints during the year was 20, 1873. 625. The
LA,
on July l. 1884, to $40. 275. 7l0 on Oct. /, 1885.
The amount in the Treasury increased during
the same period from $135, 500. GIG to $165, 483,
721.
during the year was 81, 262, 5l9 The total earn
ings of all kinds, including seignorage, amounted
to So 147 219 and the total expenses and losses of
all kinds to 81, 585, 256. The total loss of the
precious metals, arising from wastage of opera
tive officers during the year $34, 048, while
the total value of surplus bullion recovered was
$66, 800, showing an actual surplus in the opera
tions on gold and silver during the year Of
$32 3O7.
The Director estimates that the amount of
gold and silver coin in the country July l.
1885, was $780, 000 000 of which $542 000 900 con-
sisted of gold and $278, 000. 900 of silver. This
amount was owned as follows: By the Treasury
Gold, $53, 223, 160; silver $95, 1l9, 065; total,
$148, 342, 225. By national banks-Gold, $685.
575 S67 silver, $11 978 $685. total $l77 554 700 By
other banks and private hands-Gold. 1929, 375,-
609 silver, $171, 726 303; total of $495 l01, ,912
The director has deducted the amount OF coin
in the Treasury represented by gold and silver
certificates outstanding, and added it to the
stock of coin in active circulation. In addition
to the coin in the country there was in the mints
and assay Offices July l, 1885, gold and silver
bullion available for coinage, as follows Gold
bullion, value, $66 S47 095 silver bullion, cost,
$4 654, 587; total of $71 sol, ,6S2 Adding this to
the amount of gold and silver coin in the coun-
try, it gives the total coin and bullion at that
date as 1892, 500, $40.
The Director calls attention to the necessity
for improved facilities for the storage of the
coin and bullion at the mints. The saving Of
fected at the San Francisco mint on July l. 1885,
by reduction of force amounted to an annual
decrease of $35 000 At the Carson mint the
tire force of workmen and a large portion Of the
officers have been dispensed with.
RITREAU REPORTS.