New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-01
4 YEARS WORK AT THE MINIS.
DIRECTOR PRESToN'S ANNUAL REPORT IMPORTS
ANn EXPOKTS OF GOLD AND SILVER

DIRECTOR PRTSTONS ANNUAL REPORT -lMFoHIs
AND EXPORTS OF GOLD AND SILVER.
Washington. Nov 9O-R. T. Preston. the Director
~ thc Mint has submitted to the Secretary OF the
Treasury "A report OF the operations or tho fnints
and assay Offices for the fiscal year ended June
>, $50, II shows that the value OF the gold de-
rosited including redcposts. during the fiscal year
ISas at the nints and assay offices, was SNSS.v'
or this sum S3.e&.lS was classified as oil uo"esuc
production Foreign gold bullion and coin OF the
value OF s iiOe7 old plate. jewelry. ETC. OF the
value OF s. SOl75 and worn and uncurrent DO
nestle coin OF the value OF sSOGS7O constituted the
original deposits.
The amount OF silver deposited aggregated
n I25 700 standard ounces OF the coinng value in
silver dollars OF SSH 36,. The classification OF the
amount deposited az follows Domestic pro-
duction S,sGs6Ob: foreign bullion and coin.
g. nls: uncurrent domestic coin transferred to
IN. Mint for rcconage. sClSi9S old plate, jeweiry
ETC. s,53 i26.
The value Of the coinage executed at the United
States MINIS during the fiscal year was: Cold
$50 40: silver dollars S3B.'5; subsidiary SILVER
coin ssgl722i: minor coin. si.Os6lo2 total. S36S,-
rs The number of pieces coined was 9-D,S'o
The coinage OF the world for the calendar year
1892 f. stated to have been: Gold. ylG79l1@l; sill
yer, sli3GG.2@
The amount OF gold ard silver used In the United
States IN Industrial arts during the calendar year
1882 Is estimated 10 have been: Gold. N6,sl6is
nished by the minis and assay offices for use In
the Industrial arts was @,n6.22'
The imports OF gold during the year were w.
0.9 $50 OF this sum &,O74ss9 was United States
gold coin. The exports Of gold during the year
were: Domestic coin and bullion, lO2S515j foreign
coin and bullion. si620.29S; total, SOSs6tS'. Inc
imports OF silver during The year wsre "a s 40 iSy y
The exports we're: domestic silySr S'o-''iV'' LOT
elgn silver. Sl,S22. nS; total, snsEh2; ~, ..
'rnc amount of silver bullion offered for sale TO
the Government during ihe year agsfesdtsu 90,
5IooS lf2 fine costing $I.5NSi The averase
price. paid per line ounce was sOSih Inc ainVunl
was 10 SIS oso fine ounces and the amount purchased
il9l7G5S I'm, ounces costing %,,loo5i. ne to'a az
july H. 1880 Noyemscr ~ ~ was was, l s nr'Se
fine ounces costing N5o.%l .mg The average PtIee
ner fine ounce was S092si The coming value Oh the
Total amount purchased lin silver dollars was
Sis oSt rne Total number Of siysr aonrs vu''y
1880 to November /. 1893. was S6eS'5ss me se,sn
qsse the same vas %g@ ,s I pnrchsse cd
under the act Of July a. s%cs WAS ssr I' s R the
TIE report shows that the total amount purehasea
SO line ounces the cost oN os N %mSn WAS WAS
Slo2i The total number Of silver dollars coined
sine March ISIS WAS 1890 the United States
July 1922 is ss;iWasd to have o s a GS S she The
OF the amount held by the Treasury Is stated as
innate stock OF gold. silver and uncovered paper
Ii Ing the o Pf"sSSI sSa'rff ye q. Gs $S
uncovered paper money, s2.7Ooo0O0 l., Aha
The production Of the precious metals In inc
world during the calendar year 1882 Is estimatea 10
have been: Gold Sis S6l 900; silver 1896, ios@ 500
brief review Is given OF the coinage iegis-
laton from l79c down to the present time:
from 1913 and shows the causes OF us as,
preston since 1873 In 1913 the average LONDON
price was 59ai pence. 1T advanced until lsos wnen
II reached 62 l-l6 pence. Between lso anu 1902 a
from 81 Ills pence to 81 is pence From 1867 to
1872 the variation in the average yearly price was
only 4l6 OF penny. In 1873 1t 59t pence equal TO
81 29sSl Since that time the decline mas pc cen
steady with four exceptions The average price Tor
October $685. was 50 1852 fall OF nearly 81 cents
probation according to the Director were tac ue-
Inonetlzaton of silver by Germany ana me Scah-
dlnavian States the suspension or us coinase py
the Latin Union. the Netherlands. Austria hungary
reai-this last being the most potent. The IN.
crease Of production has been over lp per cen,
1919
The report OF the American delegates 20 the
Brussels Monetary Conference. NJ which twenty
countries represented. Is presented In fhli ana
IL preceded by n short account Of former inte,na-
tionnl monetary conferences. The nrst OF tnese
held In Paris In 1861 Eighteen countries WERE
represented. This conference voted unanimously
aSaing the adoption OF the silver standard exciu-
Netherlands In favor OF the single gold standard:
The second international monetary cohterehcr INA.
OF 1878 was called by the United states. lweNe
countries sent delegates to H. II was tnslr opihlon.
the delegates OF Italy only dissenting. tnat ~ was
necessary to preserve In the world the monetary
choice Of one the other or both siffuitshcousIy
should be governed by the special situation OF eacn