The Coconino weekly sun. [volume] (Flagstaff, Ariz.) 1891-1896, 1895-11-28
THE GOVERNMENT MINT.

L - ! = 9
Tho Director Submits Report Of His De-
partment to the Secretary of the r-ess-
ury. 1 t,s.f5l
WASHINGTON, Nov. e. The director
of the mint has submitted his report
to the secretary OF the treasury. The
value of the gold deposited at the
mints and assay offices during the fiscal
year was $s7, 4s2 ,0s2, of which Sos, lGl,.
COZ were original deposits and S22.32l,.
O22 were redeposits. The classification
of the original deposits OF gold was:
Domestic bullion, $44.371, 049; worn,
uncurrent and mutilated gold coins,
$lsS. e5s; foreign bullion and coin, &c.
367, O49; gold plate, jewelry, ETC., s3,9lS,-
800.
The value of the silver deposited
during the fiscal year was $l5,7l4, 365,
of which SIS. 234, 700 were original de.
posits and s479,665 redeposits. The
value of the deposits of domestic silver
bullion at the minis during the fiscal
year was So, s04, 1853, and worn and mu-
tilated domestic coins, at silver dollar
value. SO. 500, S53; foreign bullion and
coin, sl,7SO, 923; old plate, jewelry, etc. (,
$3.50, O6l.
The coinage by the minis during the
year was. gold, $40. 93S. AIS; silver dol
lars, 49, 056,0ll; subsidiary silver coins,
SIS. 1884 minor coins, SIZE, 594; to-
tai coinage of S53,7l5,549.
In addition to the coinage executed
by the minis during the year, gold
bars were manufactured of the value
of S43. 1873. $40 and silver bars of the
value of s10,34l,545.
The total earnings of the mints and
assay offices during the year was e.
oss,372, and the total expenditures ST.
1855, 435, showing the net earnings from
all sources to have been S902. 936 The
value of the gold and silver estimated
to have been used in the industrial
arts during the calendar year of 1894
was Appropriated at SoI.54l.652. Of
which Slo.G5s. 604 was gold and $40. $685.
O4S was silver. The estimated metallic
stock in tho United States on July /,
1895, was. gold, 1896, 2?9. se5; silver,
S6o5, $50, $40; total of 81, 262, 0s4, TIA.
The estimated product of gold and
silver in the United States during the
calendar year 1891 was, gold, 500, $780,
600; silver, 49,50O,OOO fine ounces of
the commercial value of S3l. 422. 600 and
the coinage value of S64, OoO, 200. The
estimated production of the world for
the calendar year was, gold. $50, &C.,
100; silver, coming value, S2i6, s92, 200
commercial value, SlO6, 722, 900.
The director says that the result OF
the currency legislation of the United
States for over 100 years has been such
as to leave an incoherent monetary
system as inconsistent, illogical and
expensive as can well be imagined,
that inspires little confidence ut home
and is not conducive to our credit
abroad, and its reform is one of the
most important and urgent political
and financial questions of the hour.
lie says that on January /, 1872 the
date of the resumption of specie pay.
ment, the only currency, except coin
certificates, required to be redeemed in
gold coin, was the S346. Gsl, Oi8 le-
gal tender notes then outstanding,
which the then secretary of the treas
ury was of the opinion that gold re-
serve of 500, 900. 900 would be sufficient
to maintain, but the paper currency
redeemable on presentation has been
increased to the extent of Sl55. $50, 900,
issued in payment for the silver bull
lion purchased under act of July II,
1890. Besides these, there were out.
standing November l. 1895, 1888. 45G, a36
in silver certificates and as the act OF
July IA, 1890 declared it ito be the es.
tablished policy of the United States
to maintain the two metals at parity
with each other" there was now a to-
tai OF SG2l, ?29, 532 resting on the basis
of the gold reserve of 500. 600. OCO