Evening star., 1901-12-09
OPERATIONS OF THE MlNTS
COINAGE OF THE YEAR AMOUNTED
TO lie, ,999, 1872 PIECES.
Director Roberts Would Increase the
100000, Utilizing Silver ON Hand.

The report of George E. Roberts, director
| of the mint, upon the operations Of the
| mint service during the fiscal year ended
June 3O 1901, has been completed
The coinage of the mints during the fiscal
| year amounted to 176, ,999, 1872 pieces. Of the
value of $136. $40 7s1. OF this 800, ,o65, ,715
was in gold S24, $50 was in silver dol
| lars, $40 966, ,64S was in fractional silver and
| 81 900, 56S was in minor coin. There also
were coined at the Philadelphia mint 225,-
| 600 gold pieces, Of the value of $349, Ola,
| for the government of Costa Rica.
| The coinage of silver dollars during the
| year was wholly from the stock of bullion
accumulated under the act of July a. 1880.
The amount of this bullion on hand at the
| beginning of the fiscal year was So, ,Oo4
standard ounces, and at the end of the
| year, 80 ,562, ,927 standard ounces. The COIN
| age of this bullion has been accelerated to
enable the treasury to retire the treasury
notes issued in it's purchase, and at the
| same time supply the pressing demand
which has existed throughout the year for
| the small denominations of money required
| in retail trade.
New Philadelphia Mint.
Coinage operations were conducted during
| the year in the mints at Philadelphia, San
Francisco and New Orleans. The Phila-
| delphia mint is now in its new quarters,
and the old site, including the structure,
will be offered for sale to the highest bid
der December 19. An upset price of 81 00O,-
| 900 has been placed upon 1t. The original
cost of the ground to the government was
$35, $40. The cost of the new site and struc-
ture has been 100000, and M the appropriaa-
cradle portion of the latter is yet unex-
pended.
The new mint under construction at Den
yer has made slow progress during the
year, and the supervising architect finds an
additional appropriation necessary before
the final contracts can be let The appro-
priation for site and building was $5OOOoO
and for equipment, $150OOO.
The original deposits Of gold at the mints
and assay offices amounted to 1888, ,1O1 $50
an increase of $40, ,1S1, ,561 over the preced-
ing year. OF this 1906, 4S9 was in foreign
coin, SIT ,GO0, ,463 that of Great Britain, near
ly all being from Australia, and 5,425,50O
that of Japan
Yearly Coinage of Gold.
The estimated production of gold in the
United States during the calendar year 1900
was of the value of $79,171 ,000 and not
withstanding the fact that this country led
the world in production it's imports exceed
ed it's exports by $12, ,S66.01O The produc-
ton of North America practically all of
which comes to the United States, was
$116, ,051 500.
The worlds coinage of gold in the calen-
dar year 1900 was 1854 ,936, ,497, and Of silver,
$117 oil 902.
Inc lnuuStrldl consumption OF SOiO III the
United States during the calendar year 1900
is estimated at $16,667, 500, and of the
world, approximately. $75, 100000.
The stock Of subsidiary coin in the coun-
try Is limited by law to 500 1000 900, and
November 1, 1901, the existing stock was
$50, ,613,512. The report says it is not i'm
probable that before another Congress shall
have opportunity to act the needs of the
country will have absorbed the entire
amount authorized. By the act of March
IA, 1900, authority was given to use silver
bullion, purchased under the act of July A.
$780, for this coinage but it is necessary
that the limit set upon the stock in the
country be removed or raised. On Novem-
Der 1, 1901 the stock of bullion acquired
under the act of July IA, 1890, was 81, 763,-
642 standard ounces.
Stop Coming Silver Dollars.
If enough Of this were coined into dollar
pieces to take UP the treasury notes issued
for it's COST there would remain .S92
standard ounces, which converted into SUBJ
sidiary coin would give $19,321, ,113. 1t is
suggested that the limit Of the country's
stock of subsidiary coin be raised to at
least $120OOO,0O0. No good reason is ap-
parent, says the report, why the coinage Of
dollar pieces should not be allowed to cease
and all Of the silver on hand be used in SUBJ