Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1885-11-06

U2U. Z5S, OF Wnlcn S6I3 926 was our
own coin. The exports of gold bul>
lion amounted to only 1895, $50, near
ly all of which was United States bars.
Of silver bullion the very large sum
of $40, 4S2, 924 was 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 $19. Geo. :
600 worth of the silver production of
this country found its way abroad by
export.
The export of the American silver
coin amounted to $2, 345, 500. and of
foreign gold coin to $5.736, ,333-a to-
tai of IS, ,0S2, 142
The export of American silver coin
amounted to 81, ,2l3,627, and the ex>
port of foreign silver coin to $12, ,060,-
612, some SO, 900, 900 of the amount
being exported at the port of San
Francisco.
THE YEARS COINAGE.
She coinage executed at the mints
during the year was: Gold. $24 $751;
1913; silver. $2S, SIS, 959; minor coins.
1927, 557, total of $54 237, $50. OF
the silver coinage, $2S, 52S, 552 cons
sisted of standard dollars. In ad-
dition to the coinage executed gold
bars were manufactured of the value
of $32, 027. 1853. and silver bars OF the
value of 50, 549, 313, a total of $41, 576,-
776. The bars manufactured exceed
ed by some $40, 100000 the value of
those produced in the previous year.
The total value OF the gold bars ex>
changed for gold coin was 81 .065, O21,
against $25, 500, 799 the previous year,
showing large falling off in the de-
mand for gold bars for export.
The silver purchased for the stands
ard dollar coinage during the year
was "a 212 4i2 standard ounces, cost
ing $23. 747, AGO. The average plice
for the year was S1.0o9 The average
London price was about $1092, and
the average New York price was
81 091. The seigniorage to the govern
ment was some Is per cent on the
cost value of the bullion. The seig-
niorage on the coinage of silver dol
lars during the year was s., 555, ,27S, of
subsidiary silver, SO, ,198-a total of
81 1855. 476. The seIgniorage on the
coinage of silver from July l. 1873, to
June 80, 1885, amounted to S25, 1885,
3S9. The number of silver dollars
distributed by the mints during the
year was 90, 1873 625. The number in
circulation increased from 80, 794 913
on July 1, 1884. to As, ,275, ,710 on Oct.
1, 1885. The amount in the treasury
increased during the same period from
$135, $50, 916 to 1855 4S3, ,721.
The total amount expended for mint
service duriag the year was 81 262.-
519. The total earnings of all kinds,
including seigni orage, amounted to
S., 147, ,21S and the total expense and
losses of all kinds to 81, ass, ,256. The
total loss of the precious metals ar
irving from wastage by operative Of
ficers and sale of sweeps aggregate ed
during the year s34, ,05S; while the to-
tai value of surplus bullion recovered
was 500, 355, showing an actual sur
plus in the operations on gold and
silver during the year of $32, ,307.
COIN IN THE COUNTRY.
The director estimates the amount
of gold and silver coin III the coun,
try, on July 1, 1885, at $500, 900, 600,
of which $542, 900, 900 consisted of
gold and $279, 600, 00J of silver. This
amount was owned as follows: By the
treasury, gold $53 123 100, silver s05,
119. .085, a total of $14S, 342 255; by
national banks. gold $165, 575. .967,
silver 81, ,078, S33, total of $177, 554, :
700; by other banks and in private
hasds, gold 1928, 375, COS, silver $171, :
726, ,303, total of S495, 101, SIP. The
director has deducted the amount of
coin in the treasury, represented by
gold and silver certificates out
standing, and added it to The
stock of coins in active cir
culation. In addition to the coin in
the country. there was in the mints
and assay Offices on July 1, 1885, gold
and silver bullion available for coin
age as follows: Gold bullion, value,
$66 S47, o95; silver bullion, cost,
81, 654, 5S7-a. total of $71, sol, 6S2
Adding this to the amount of gold
and silver coin in the country, it
gives the total coin and bullion at
that date as 1892, SOC, ,519.
The director calls attention. to the
necessity for improved facilities for
the storage of coin and bullion at the
mints. The saving effected at the
San Francisco mint in July 1, 1885,
by reduction of force, amounted to
an annual decrease of $4,000. At
the Carson mint the entire force
of workmen and large por>
ton of the officers have been dis
pcnsed with.