The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-12-09
MINTS have
Been kept BUSY.
During the Fiscal Year There
Were Coined 176.999. 1:s22 Pieces,
Valued at $i36.34C.1 .1S1.

Washington, Dec. s.-The report OF
George L. Roberts. Director OF the Mint
upon the operations Of the mint service dur-
ing the fiscal year ended June ~. 1901. has
been completed.
The coinage OF the minis during the fiscal
year amounted to IL, pieces. of the
value of $l36.3N.H- OF this N9,eSs.sl5 was
in gold. "a. -, $50 was in silver dollars. $10-
s.eis was in fractional silver and R0oe. .ss
was in minor coins There also were coined
at the Philadelphia Mint z1s.0cS gold pieces
OF the value Of 9.014 for the Government
OF Costa Rica.
The coinage Of silver dollars during the
year wa. wholly from the stock Of bullion
accumulated under tine act of July Il. 1880.
The amount of this bullion on hand at the
beginning of the fiscal year was 6.Bs.6a
standard ounces. ard al the end OF the year
2.5S.se. standard ounces. The coinage %
this bullion ha. been accelerated to enable
the Treasury TO retire the Treasury notes
issued in IT. purchase. and At the same time
.upply the pressing demand which has ex-
fs,ed throughout the year for the small de-
nominations Of money required in retail
trade.
yew Nist at PhilaAelphia.
the year in tire mints at Philadelphia. San
Francisco and New Or.eana The PhilaGel-
phia mint is now in its new quarters. and
the old site, including the structure will be
offered for sale to the highest bidder on
December 49, 1911 An upset price Of = CO.,
009 has been placed On it The original cost
Of the ground to the Government was Is $40
The cost Of the new site and structure has
Keen 100000 and the appropriation for
A,,A
don Of the latter is yet unexpended. No
pains have been spared to provide this mint
With the best machinery to be had. and II is
believed that In methods and equipment 4
viii be. when completed. q model institution
OF its kind.
Mere Money Needed fer Denver.
The new mint under construction at Dem
yer has made slow progress during the
year. and the supervising architect finds an
addition.. appropriation necessary before
the nn1l contracts can be let The appro-
priation for site and building was $51,.00O
ard for equipment S150G0. The new mints
q Rh.ladeiphta and Denver. together with
tne old ones At San Ffanctsco and New Or
leans. will AFFORD ample facilities for this
country for many years to come
The original deposits OF gold at the min,s
and assay ofnces amounted to S1ss, ,lOl go. m
increase OF IS 81 over the preceding
year. o. this S-SesA - was In fofesgn coin.
III. s.0o.$E that Of Great Britain. nearly ali
being from Australia. and Ss.a,A50O that Of
Japan.
Werld's Prsasetssa 81 GELD.
The estimated production of gold in the
United States during the calendar year 1900
was Of the valne OF So. Il, ,9o6. and. notwith-
the feet that this country led the
world in productions. IL. imports exceeded
its exports by 81. ..sss.0l0. The production OF
North America, particularly all Of which
comes to the United States. Was NI6Osl. .M
The woF,sss ,sss eoinz<s q Eosd in the ea!en-
M 0l1SR-
The Industrial consumption Of gold in the
United States during the calendar year 1S0o
b estimated At 0SSlSO. and Of the world |
The stock OF subsidiary coin in the coun-
try Is limited by law to O0a000. and on
November /, 1871. the existing stock was i
De.ssae.
GrswSsg Needs ef the Country.
The report says 1t 10 not improbable that |
portunity to act the growing needs OF the |
country wfn have absorbed the entire
amount authorized. By the act Of March II.
Leo. authority Was given TO use silver bull
Ior this coinage. but il is Necessary that the |
limit set upon the stock In the country be |
removed or raised.
On November /. 1907. the stock of bullion |
.. .sSlss. standard ounces II enough Of this |
we're coined into dollar pieces to take up |
The Treasury notes Issued for fts cost there |
would remain EEs.Sse ounces. which. con- |
a lfa It 10 suggested that the limit Of the !!
stock Of subsidiary coin be raised |
II least to 020.Qo0000 No good reasou n ap- |
parent says the report Why the coinage OF |
and an Of the silver on hand be used IN |
coinage.