Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-11-10
FACTS ABOUT HARD CASH.

FACTS ABOUT HARD CASH.
Statistics Given I'm the Annual Report -
the Dircctor OF the Mint
Edward o. Leech, the director a. the mia,
mas submitted 10 the Secretary Of the Treasury
report Of the operations OF the mint. .ud
assay Offices Tor the last fiscal year
The value Of the gold deposited at the mats
and assay Offices during the fiscal wear 1891 "a.
$50 e25.67sos. against s49 22s SIS Sc IN the no.
ceding year, n increase OF si0. $50. So. 81.
The deposits and purchases Of silver arere-
gated 7i.s6s. ~ standard ounces. Of the
coming value Of sss.ss0. Ia 81, against sta.-
SIS. 1915 in the preceding year, an inerea.s Of
s4o o65, 0ial6.
The coinage executed nj the mints vas s.e
largest in the history Of the mint in I'm.
country. sggresstins il9,547.s77 pieces. valued
as follows
Gold. s94 i-9 oO9 n
ely sn,et ooilsrs. .................. 8.2S2 5000
subsidiary silver.-.......-...--- 20Se. 2is IS
-AAHor COMBS. .-...-.-...-..-....-- l,l66.SSbO
Aotda ...---.....--...--.--..c6 S.bll, los -
The segniorage on the coinage of silver dol
lars was &c, 22i. So. ~. and on subsidiary silver
COINAGE. go. 4S4.4s, a total Of S6.SlS. 767.?o.
The total coinage Of silver dollars under the
act OF ISIS. from March I. 1873. 90 the close Of
such coinage has been SS7s le6 7aa The COM
age OF silver dollars under the act OF July IL
IosV. TO November I, 1891, has been ISL, sos 55k
Ss09 AS 3Cs
The net seirniorago on the coinage Of silver
ouring the thirteen years ended June 80 1881
has aggregated Ell, $50, S90.25.
PURCHASES OF SILVER.
The amount OF silver purchased under tl,s
act Of ISIS from July \. 1880. 90 Ausu,, ,S
1880. aggregated s.lOs. 9s.47 standard ounces.
costing ss.ois,i26.i6, an average cost OF si-Os
per line ounce.
The total amount Of silver bullion purchased
under the act Of February D. ISIS from ia
s,onln.neement-Ma March 1. 1875, to the end,
august Is, ls@-was 30. 635. 576.l9 standard
ounces, costing S30s. 1923 30 IL an average ,co.t
OF sio0s per tine ounce
Inc amount of silver bullion purchased nm
der the act of July IA. 1885, from Aueust Is
sssU, 70 June So 1881, aggregated 1870, i256i
average cost OF sl045 per fine ounce
The total amount Of silver purchased a.r;n.,
,ne nast tscal year under both acts was 5s SIS
Szo-oo standard ounces. costing s5s GAG s2s "a
an average cost OF Sl.0Is4 per tine ounce.
q, Inc total amount of silver purchased under
the act OF July Ia, 1880. from August IL 10 NJ.
vember 1, 1891, has been Cd 5ss. $50 fine ounce
costing s6s,6z6 sos, an average cost Of clos pei
Tine ounce.
REcoIsAoE OF TRADE DOLLARS
The recoinage into silver dollars OF the trad.
dollar bullion stored at the mints at Philadel.
phia and New Orleans was commenced in Juns
OF the present year and the total number Of
silver dollars coined from trade dollar bullion
70 November i. 1881, has been g. go 100 II
: expected that tins coinage will be completed
py the time that Congress meets
COURSE OF SILVER.
The price Of silver during the last fiscal
year huctuated from s0.s64 to sl.2l per fne
ounce, a fuctuation greater than in any pre-
vious year.
larger during the last wear than in any recent
year. The heavy movement commenced in
rebruary OF the present year and did not cease
untll the close OF July. The total amount ex-
ported during that period from the port OF
New 1ofk was SO, 223. 4l.3l.
he reports that a return movement OF gold
: well under way. which has aggregated since
July up TO November 4. 1881, S2l $50 as ard
which, it Is believed, will continue for some
months
LEGISLATION RECOMMENDED.
The director reviews the work Of the mints in
the recoinage of the uncurrent silver coins IA
the treasury. under an appropriation OF ESQ.,
QUO FOR such recoinage, made by the last Con-
gress.
The director recommends that permanent
annual appropriation for recoiEage be made or
else an immediate appropriation Of slO0.0OO
Tor continuing such recoinage
NEW DESIGNS FoR MINOR COINS
In pursuance of the authority contained in
the recent act Of Congress. the director LAS had
prepared, under his personal supervision, new
designs for the half dollar, quarter dollar and
dime. which are believed 70 be a decided i'm
provement upon those now in existence. It's
expected that the dies will be engraved and coin
age commenced with the Few designs by the
LIST OF January. With a liberal Approximation
Tor recoinage il is believed that large amount
OF the uncurrent silver coins now in the
treasury can be converted into new coins bear.
ing the new designs which will be readily
absorbed in circulation
NEW MINT AT PHILADELPHIA
The director reviews the recommendation
Of the department and the action of Congress
in authorizing the purchase of site and tie
erection Of new building for the mint st
Philadelphia, and recommends an immcdiate
of Ss0O. 900 for the purchase of A
new site, including the preparation Of the plans
Tor a new building.