Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1900-01-25

that day from Australia and was sent
to the mint to be recoined: large lot
of dust and nuggets was landed from
the Klondike, while some gold came
from Pacific coast mines and Mexico.
This was only exceeded once, as far
as the records show, and that was one
day in October, 1897. The deposits for
the month were 955, and the coinage
50 OOO. 900. But six tons Of gold came
in one day, valued at about $4,000. 900,
rating ton at 100000, which is the
accepted valuation. This deposit con-
sisted largely of British sovereigns
from Australia, though there was con-
siderable Klondike gold received that
day.
For the first two months of the cur
rent year the coinage wass10, 272, 636,
as against the corresponding two
months of the last fiscal year, $40, $751;,
s34. Nearly all the gold from the
Klondike and Cape Nome has found
it's way of late to San Francisco. Last
year the gold was sent from Seattle to
Philadelphia for coinage.
Now that bulk of the gold product of
the north comes to San Francisco the
best record of the output is obtainable
here. On Sept. of this year So, 421 ,493
| was deposited from that section.
Since that date about $1,000, 900 more
has been received at the San Francisco
mint, making practically S11,000000
from the Klondike this season thus far
| hn of loo
| it is safe to estimate the total output
for the year at S14,000,000. If this be
| realized it will exceed the output of
last year by 100000.
While the mint at Philadelphia has
produced a larger number of coins dur
ing the same period, requiring twice
the force, the coinage of the San Fran
| cisco mint exceeds that of Philadel
phia. and, perhaps, of any other mint
| in value. Philadelphia turns out more
subsidiary coins, but San Francisco
has produced more gold coin in the ag-
gregate than Philadelphia.
During the week just passed three
car loads of silver have been received
at the San Francisco mint from Phila-
delphia, quite an unusual thing. The
shipment of that bullio2 to this city is
due to the great demand for subsidiary
coin. The large surplus which has
been kept here to meet such conditions
and which has been considered excess
sive for many years became exhausted.
The obviate shipping and reshipping
the government arranged with dealers
to deposit silver in San Francisco and
receive the corresponding amount of
bullion in Philadelphia. All the silver
required for the past year lid prior to
that time has been supplied here
through Lnat agency, until the past few
months, when the extraordinary de-
mand for silver in the orient complete
ly exhausted the surplus, and silver
was worth more in San Francisco than
in New York. The silver was shipped
principally to China.
Never before in the history of the
mint has there been such a demand for
subsidiary coin as in the past eighteen
months. The cost of making the coin
is less in San Francisco than in any
other mint in the United States by the
piece. OF the money coined here last
year s5S, 100000 was in gold represent
ing over 116 tons in bullion, and 165
tons of silver bullion-an amount
scarcely equaled in any mint in the
world.-San Francisco Chronicle.