The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1885-11-26
UNCLE SANS SERVANTS.
They Are Busy Making Reports OF the
Condition OF the Public
Service.
Statements of the Operations of the Mint
and Other Bureaus-Gen. Sheri-
dams Report.
Report of the Director of the Mint.


DIR. James p. Kimball. Director Of the Mint,
I'm his annual report of the operations Of the
minis and assay Offices OF the United States for
the year ending June 80 1885, says the value Of
the gold deposited at the minis and assay Offices
during the year $50, 74S 752, Of which s. S54,
GIT consisted of redeposits. OF the gold deposited
nearly S32 100000 consisted OF domestic bullion,
over Sl1,000,000 of foreign bullion, and some
IS 0OO, 900 OF foreign coin. The value OF the sill
yer deposited in bars and purchased for coinage,
computed at its coming rate IN silver dollars
was $50, OS2 Do, of which 81, 292, 447 was rede-
posits. OF the silver deposited and purchased,
$50, 600 600 was classified at the mints as of
domestic production, s2,0O0,0O0 was OF foreign
bullion and 81 100000 of foreign coin. The
total coming value of the gold and sill
yer deposited ar and d. purchased at at o-- the
minis was ss1 sso9Ig. against u11 ~, ,eoS.ioi
duction OF gold on the Pacific coast is shown by
the continued falling off OF deposits at the mint
in San Francisco the value of the gold deposited
at that institution having declined over So 0000 900
since 1881. The total imports Of gold bullion
into the United States were So, S49, 237. The de-
posits OF gold bullion classed as foreign at the
minis were over S11, O00, 0O0 from which it would
appear that over 81 100000 worth of gold bullion
had reached this country that was not entered
at the custom houses; Inc 10, imports OF silver
gold coin amounted to S17, 6l2 459, of which ST.
1862 900 consisted of our own coin and 81 400 1863
OF foreign coin. The import of silver coin was
Sc, O20 243 of which S673, 926 was our own coin.
The exports of gold bullion amounted to only
1896, 756 nearly all of which was United States
bars. OF silver bullion, the very large sum Of
$40 422 924 exported, only 81 500 900 worth of
which consisted of bars bearing the stamp Of
the United States mint or assay offices:
From this it will be seen that about SIS, 900 900
worth of the silver production OF this country
found its way abroad by export The export Of
American gold coin amounted to 81, 345, 300, and
of foreign gold coin to S. 1856 $685. total OF So 0e2
142. The export OF American silver coin amount
ed TO 81, 81 627 Isl 073.150 OF which consisted Of
trade dollarsl, and the export Of foreign silver
coin TO Sl2 0606 12 some So 900 OF the amount
being exported at the port OF San Francisco.
The coinage executed at the minis during the
year was:
Gold. S2i SCI, 1913
Silver ....................... 2So4s, yo9
Minor COINS. .....'..'..'..''.'.'''''.. ozi'oo'
total 80 49, .s54, ~ o5g
standard dollars. In addition to the coinage
executed gold bars were manufactured Of the
value of $50 027, 463, and silver bars Of the value
of s., 549, 313 a total of 81, ,776. The bars
manufactured exceeded by some 10000, 600 the
value OF those produced in the previous year
The total valne of the gold bars exchanged for
gold coin 81 065, OIL against SIS, ,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, 2l2 4l2 standard ounces costing
SIS, TAT 400. The average price paid for silver
during the year Sl0s9 The average London
price was about s1.09.2 and the average New
York price was Il. OIL.
The Director estimates the amount of gold
and silver coin i'm the country July l, 1885, at
$500 900 900, of which S542, 10000 consisted Of
gold and s27s 100000 Of silver. This amount was
owned as follows
BY the Treasury: Gold .............. $50 223, 100
ACKNOWLEDGEMENTS. 95 lis, 065
A total Of Sl4S 342, DDS
BY national banks: Gold. .......... Sl65 $40, s67
Silver. 1875, S33
A total of SIT 554, 200
BY other banks and private hands:
.eozD, oiO'OOJ
Silver. III 726, BOB
"A lOItl Ol.. etJO,
The Director has deducted the amount of coin
in the Treasury represented by gold and silver
certificates outstanding and added il tn the stock
of coin in active circulation. In addition TO the
coin in the country there was in the minis and
assay offices July /, 1885, gold and silver bullion
available for coinage as follows
Gold bullion value ......... sec. S47, 095
Silver bullion, cost. ACKNOWLEDGEMENTS. 4,654 567
CO. nts cO