Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1897-10-20
REPORT ON THE MINT.
Interesting Statistics Regarding the
Coinage of Gold and
Silver,

coinage or cola ana
Silver.
Washington, D. c., Oct. 1S.-The di-
rector of the mint has submitted to the
secretary Of the treasury his report for
the fiscal year 1897, covering the opera
tons of the minis and assay offices, to-
gether with the statistics of foreign
countries relative to production, coinage
and the monetary condition of each
The value of the gold deposited at the
minis and assay offices during the fiscal
year of 1897, cents omitted, was $129.-
10000 Of this amount $87 ,003,337
were original deposits, and $40, 1O2, 1852
radepOsits.
The original deposits were classified as
follows:
Domestic bullion S6O,olS, ZoJ
Mutilated and uncurrent domestic
COIN 1,Ol0,oIf
Foreign bullion and coin. ....... 22,559, 534
Old plate and jewelry. .......... 2,So1,2oS
The coinage value OF silver bullion re-
ceived during the year was S9,T25, OBJ;
of this amount $9,470,623 were original
deposits and the, remainder, S254, 39S,-
redeposits.
The original deposits were classified as
follows:
Domestic bullion :......... $4,96d' a a99
Uncurrent domestic coin. ........ 1886 0IS '
Old plate and jewelry. ........... 6l2,o32
The purchases of silver bullion for sub
Sidiary silver coinage, under the prOyls-
ions of section 1926, revised statutes of
the United States, aggregated 259,24S
fine ounces, costing S171, 400.
The face value of uncurrent domestic
gold coin, received at the mlnts and as
say offices was 81, ops, 121; of this
amount $623,751 was transferred from
the treasury for recoinage and the re-
mainder, $401 $40, was deposited by IN
dividualS, the total coinage value OF
which was $1,015,314.
The coin executed during the year was
as follows:
Gold 49,. Observation-Disclosures. ST. tat, 100
Subsidiary silver .............. 5'dat'9 65,
Minor ......-.......a.'.. oo7,ooo
The silver dollars coined were from sill
yer bullion on hand, purchased under the
act of July II, 1890.
The total coinage of silver dollars
from bullion purchased under that act,
from August Is, 1890 date the law took
effect, to July 1, 1897 has been 69,-
74S477 pieces, containing o3,1I2,6oO
ounces of fine silver, costing sol, 532,-
154 giving a seigniorage of 11,2l6,322.
OF the subsidiary silver coinage $3O,-
042 489 were coined from uncurrent Sill
yer coin transferred from the treasury
purchased under the provisions Of sec
ton 1926, revised statutes, for the sub
sidiary silver coinage. On the latter the
seigniorage was S42,322.
The balance of silver bullion on hand
at the minis for the coinage of silver
dollars and subsidiary silver coins, July
1, 1897, was
Fine Ounces. Cost
Purchased under act
n 3G,t1iZ
For subsidiary silver
. coinage geo si:;as "a. az 1SfS'9'S l'64l'ooo
say office New York
for payments of de-
posits in fine bars. 1893 so, 1856
Including the balance on hand at the
minis, July 1, 1873, the net seiniorage
on the coinage of silver from that date
to June 80, 1897. was So. S22,S21.
The value of the gold and silver bars
manufactured at the mints and assay Of
fees during the fiscal year was:
Gold 800. NEUTRALITY-SUSPICIOUS.. $34.5l ,1O9
Silver .....-..-.- ........-...... o'o9o''oI
The highest quotation for silver,
O925 in the London market during the
year was 3115 pence, equal to S069051
per ounce fine, United States money; the
lowest quotation was PIP pence, equal
to $0.60357.
The net imports OF gOlu were 94f,-
6O9, 81, as against $1S,9O4.612 net eX-
ports for the previous fiscal year.
The net exports of silver were $32,-
636, $50, as against $33, 262, 25S for the
fiscal year 1886.
The product of gold and silver in the
United States for the calendar year
1896 was, gold 53.0SS,0O0; silver
coming value-$76 O69, 236.
The stock of gold and silver in the
United States on July l, 1897, is esti-
mated to have been: Gold, $500, 270,-
542; silver, 1864, 500, ISL; total, $780,
7S0.323.
The total metallic stock and uncovered
paper of the world, compiled from the
latest reports. is estimated to have been
on January 1, 1897:
Gold go. Observation-Disclosures 81 1853, 600 900
Full legal tender silver. 1000. 3,615, 800 600
Limited tender silver. ......... 652, 100000
Total metallic stock. .......... S.627, 100000
Uncovered paper ............. 1858, 200 900
Total . ...-...........$1 1 1917, 100 900
The worlds product of gold and silver
for the calendar year 1896 was: Gold,