Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1895-11-30
rHe GOVERNMENT MINT.

rho Director Submits Hepoft OF MS De.
partment 20 the Secretary Of tho Treas.
ury.
WASHINGTON, Nov e5.-The director
Of the mint has submitted his report
TO the secretary OF the treasury. The
value Of the gold deposited ut the
mints and assay offices during the fiscal
year was ss7, 4sa, Osa, OF which sos, iGi,.
OO7 were original deposits and So, Sei,-
0ss were redeposits. The classification
OF the original deposits OF gold was:
Domestic bullion, ga. $40; worn,
uncurrent and mutilated gold coins,
siss. o5s; foreign bullion and coin, si6,-
s67, oi0; gold plate, jewelry, ETC., s3,ai3,-
800.
The value of the silver deposited
during the fiscal year was si5,7ii, 365,
of which sl5, 234,7O0 were original de.
posits md sl70,66S redcposits. The
value of the deposits of domestic silver
bullion at the minis during the fiscal
year was IS, s0i, 1903, and worn and mu.
tiluted domestic coins, at silver dollar
value, s., 500, $50; foreign bullion and
coin, 81, $50, 0as; old plate, jeweiry, etc,
S750,OGl.
The coinage by the minis during the
year was, gold, s43, 033, AIS; silver dol
lars, So. 95G, oil; subsidiary silver coins,
lib, 400; minor coins, s7l2,504; to
tai coinage of s53,7l5,5i9.
In addition to the coinage executed
by the mints during the year, gold
bars were manufactured Of the value
Of $40, 1853, $40 and silver bars OF the
value OF sl0,3il,5i5.
The total earnings of the mints and
assay offices during the year was 81
Oss,3 and the total expenditures gil
s5,435, showing the net earnings from
all sources to have been so0a, 03G The
value of the gold and silver estimated
to have been used in the industrial
arts during the calendar year of 1891
was Appropriated Mt s2I,54l,G52, Of
which $40. 65s, Goa was gold and $40, 1888,
Ois was silver. The estimated metallic
stock in the United States on July /
1895, was, gold, sG36,220, sa5; silver
s62s, So, 0i0; n total of 81, a6a. Os4, IA.
Tho estimated product Of gold ant
silver in the United States during tn,
calendar year 1884, was, gold, $40, 500,
600; silver, 49,500,000 fine ounces o.
the commercial value OF sal. 4oa. 900 ant
the coinage value of s64, 1000, 900. Tit
estimated production of the world fol
the calendar year was, gold. $50, 6eG,
100; silver, coming value, said,so2, 20'
commercial value. siO6. 72a, 900.
lie says that on January /, 1870, the
date of the resumption of specie pay
ment, the only currency, except coir
certificates, required to be redeemed il
gold coin, was the S34G,Gsi,0l lie
gal tender notes then outstanding
which the then secretary of the treas
ury was of the opinion that gold re
serve of 500, 600. 900 would be sufiicien
to maintain. but the paper currency
redeemablc on presentation has beer
increased to the extent Of $500, 900
issued in payment for the silver bul
lion purchased under net of July II
1890. Besides these. there were out
standing November /. 1895, 1898. o3'
in silver certificates and as the act Of
July II, 1890. declared il ito be the es
tablished policy Of the United State,
to maintain tho two metals at parity
with each other" there was now to
tai of s6?i 9a0, 53e resting on the basis
OF the gold reserve OF 500, 100000.