Telegram-herald., 1890-11-02

TIE B-asiasss ~ tAs lat Fssesl Year sssa.
n.ArlLsa by plFsetsr Lseee.


naariEsa ~ Director Lseee.
wAsHlSoToy. Sov. J.. E1ward O.
LescA. U.Fec.or % TIE Mat SAYS IN his
annual repors the s.lae Of tae gold Pc
eelyed was S49 azs s2s; silver, Sia 565.-
I81 The coinage vas the largess II tae
history of the minus. sggregztlng ia
03s J3l pieces.
Gold aad silver bars were ulAnufaet-
ured as follows cold. s23 S4s sSSi sll-
ver. sToi5. 5sE; total. Sa0,ssLT9L Geld
bars were exchanged Tor gold coin free
ot charge u Tho value Of so. So .01z.
The imports and exports Of tho precious
metals during the fiscal year aggre-
gated as follows.
Imports Eype-is NJ loss
Cold...........sl8o97 ls8 ti7ssa ia1 e 2ss 0l7
silver ..-....... 81 1siil3 S5.oa9 6J3 s5ss as
The total amount Of silver purchased
during the fiscal year for the coinage
OF silver dollars was 30,912,lll stand
ard ounces. costing SO, s93, $50, an aver
are az 50 963s per fine ounce. From the
close OF the fiscal year 70 August lS, the
date the new silver act went in 20 effect
the amount OF silver purchased was
los, lo9 standard ounces, costing So
0s9, s23. The amount OF silver bullion
purchased under the act st July Il, 1890,
which went into effect August lS 10
October 81. has been II 2T6,5 51S ounces,
At cost o. Sl4. i6S. an average o.
Sl.ls340 par fine ounce.
The Director intimates the stock OF
metallic money in the United States
July /. $780, 10 have been: gold, $500
s6s. o29; silyor. s46S. 2l1.9I9. The total
amount Of metallic aud paper money in
circulation, exclusive OF the holdings OF
the Treasury. June 80, 1899, was 81, 4S5,-
6l0,6l2, per capita OF 90, against
81 $50 41e, ,091 at the commencem OF
the fiscal year, an increase in circCla-
Of s55, le2, sci
Tho number Of silver dollars in circu-
lation juno so, 1890, was 56,27s, 749,
against 81 457, 2e9 at the commencement
Of the year. The value of tho precious
metals used during the last year in the
United States was approximated: Gold,
$40. o97, 600; silver 81, S67, 900, OF which
50, $50, s27 gold and s7.397, esS silver was
domestic gold and silver bullion. Tho
product of gold from the mines OF the
United States during tho calendar year
1889 was sS2, so0 600; silver, 80, 600, coo
fine ounces, commercial value, $40, $780,
600; coming value, s54. GAG, 464
The product of the mines and smelt-
ers of the United States during tho same
year was: gold, 2,527,s92 troy ounces;
silver, 60, 2S6 469 troy ounces.
The total purchases OF silver for the
coinage OF silver dollars from March l,
1873, to August l2, 1890, was S23, t35, 75O
standard OUNCES, costing S5oS, l9e, 2Gl,
an average OF 2l.05S per fine ounce.
The total expenses Of the mint serv-
ice aggregated sl,3l9, 436.
The total earnings from all sources
were $40, 500, S5T, and the total loss and
expenditures 81. 576.e2 leaving net
| profit OF earnings over expenditures dur,
| ing the fiscal year of So. 2S2, 929.
The Director commends the following
measures for the action of Congress.
q Repeal or modification Of the act Of May
! 26 1872. authorizing the exchange Of gold bars
| for gold coin.
. Recoinage Of the subsidiary coins in the
| Treasury.
3 The use Of the proceeds Of byproducts OF
/ tho acid rehneTies for the expenses Of the same
| 4. new mint al Philadelphia