The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1898-09-01
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Uncle Sans dies as coiner of the ma
tons greatest mint, and this morning
that old and tall Republican warhorse
Dan T. Cole will spit on his hands, pick
up the dies and go to hammering out
the golden millions that bear the eagle
Yesterday ended Coiner SPOTS four
years of Office, and to-day begins Dan.
Coles career as chief money-maker for
Uncle Sam. The event brings a certain.
degree of sadness to all political circles.
In: the Republican: camp 1t will be re-
GREETED that this valiant old stagers POI,
litical activity will possibly be circrim-.
scr1bed by his new and very. important
job. However, the course of business af-
fairs at the mint promises that after to-
day Dan Cole will be doing more to up
hold the gold standard than anybody
else in the, nation. 80.
1t is interesting to. observe, that the
retiring coiner, Mr.. SPOTS, has during his
term broken the United States record of.
coinage efficiency in more than one par
ticular. and his record is that of the eff
cheney of the San Francisco Mint. The
laws and regulations governing the mint
allow certain small percentage Of: cost
due TO unavoidable wastage, excess of
operating expenses, overcharges and so
on During his term Mr. SPOTS has
made record for the San Francisco
Mint or the lowest cost on this basis of
all the mints in the country. The sl1pe-
rior efficiency Of the San Francisco Mint
has also been shown during his adminis-
tratlon by the greater relative output of
er expenses
1t Is not generally realized that the.
San Francisco Mint puts into circuiation
IN TINS country more money than all the
other mints of the nation combined Mr.
spots four years record as money!
maker is practically that of one admin
istration. The records show that during
Francisco Mint coined s153 .ss7. Ssi worth cot of
money, Of which over SIPS, 900 900 was; IF
gold of Pacific Coast production and
poured into the nations business chan
nes.
About 50 per cent of the refined bullion
which reaches the coiner is delivered by
him in the form of money, the rest being
return. Hence Mr. SPOTS and his f26 l, or
so employees have in four years handled
oyer $500, 900 900 worth of bullion. During
37,5OO,Ooo pieces of money, and each piece
OF whatever denomination is handled 16O
times in the coiners' department. AS
the s,,a work OF the mint Is expanding, SO
ger, four years job ahead of him.
Each morning the coiner at the mint
turns, over to the superintendent the
record of the last four years is $500 900,
which Is a pretty good: days work on
$50 pieces. Yesterday the money and
actly, reckoned, and Superintendent F. A.
Leach gave Mr.. SPOTS receipts which:
ended the responsibility of himself and
this morning Mr.. Cole. who was present
yesterday, will himself break: the vault.
seals and then his responsibility will be-
gin:
The retiring coiner to-day steps into a
new position and into exMayor EHlert's
recently vacated shoes as manag ger for the
california Title Insurance and Trust
cause of his familiarity with real estate
matter gained as Recorder of San Fran
cisco and elsewhere and because Of his
wide experience with banking and finan-
cial matters -:
The transfer Of office yesterday neces-
Stated an early suspension Of coinage
operations. 1t came about ! p. M, when
! Dan Cole was around and the genial new
| Coiner asked the available Mint forces to
go out and have drink. The new Conner
department. and began the march with
silent concern for the small army of girl
adjusters left behind. Chief Clerk Day
and a lot of other recruits were quickly
mustered. and at 1:09 p. m: a: jolly squad
of forty-eight left the building. No gem
| eral orders as to destination were issued
| but the handy resort of Phil Crimmins. at
Fifth and Market, was naturally. in Mr.:
Coles mind. But the Coiner's force is
mainly composed of Democrats, who
| froze fast to their jobs under Clevelands
| CIVIL service NEUTRALITY-SUSPICIOUS., anu near the
head of the procession was Bull Coll
Inns, late Democratic pillar OF the Thirty
| sixth District. and more OF the boys"
| just opening a saloon on Stockton street
| and the procession was skillfully and.
| easily guided there. Mr. Geggus' free
! Coiner received a vote Of thanks.
| Dan Cole has a presidential appoint
ment and very nice job, but he will
| have his troubles from his first day of
| duty.
| Twenty girls were discharged from the
| Coiner's department yesterday and TWEEN