New-York tribune., 1901-12-09
WORK OF UNITED STATES HINTS
SUGGESTION BY DIRECTOR THAT THE LIMIT
OF THE STOCK OF SUBSIDIARY
COIN BE INCREASED

Washington, Dec S-The report Of George E
Roberts director of the mint. upon the opera
tons OF the mint service for the fiscal year
ended June so, 1901, has been completed The
coinage Of the mints in the fiscal year amounted
TO 176,999 132 pieces. Of the value of S134 34O-
1s1- OF this S99 065 rs was in gold S24 29S $50
in silver dollars S1096664s was in frac-
tional silver, and s2,009. .56S was in minor coin.
There also were coined at the Philadelphia mint
220,Oo0 gold pieces Of the value of S349 Ola
for the government of Costa Rica.
The coinage Of silver dollars in the year was
wholly from the stock of bullion accumulated
under the act of July Il, 1890 The amount Of
this bullion on hand at the beginning of the
fiscal year was S3,26S, ,054 standard ounces and
at the end OF the year 1852 927 standard
ounces. The coinage of this bullion has been
accelerated to enable the Treasury to retire the
Treasury notes issued in its 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
Coinage operations were conducted through
out the year in the mints ar Philadelphia, San
Francisco and New-Orleans. The Philadelphia
mint is now in its new quarters and the old
site, including the structure. will be offered fer
sale TO the highest bidder on December 10 An
upset price Of 100000 has been placed upon
il. The original cost of the ground TO the gov
ernnent S5O.StD- Ihe cost Of the site
and structure has been 100000. and the ap-
preparation for equipment $4,000. but a con-
siderable portion of the latter is yet unexpended
No pains have been spared 10 provide this mint
with the best machinery to be had and il is
believed that in methods and equipment il will
be when completed a model Institution Of its
kind.
The new mint under construction at Denver
has made slow progress in the year. and the
supervising architect finds additional appro-
priation necessary before the final contracts
can be let. The appropriation for site and
building was SJ00G0o and for equipment S15J-
600 The new mints at Philadelphia and Dem
YER together with the old ones at San Fran
cisco and New-Orleans. will afford ample faciI-
tiles for this country for many years to come.
The original deposits of gold al the ulints and
ASSAY offices amounted to S153 101. $50 an in
crease of SO. .1S1,561 over the preceding Year.
OF this S27 q06 +S9 in foreign coin, SfI.-
600 1853 Of Great Britain, nearly all being from
Australia, and S5.425.5oo of Japan
The estimated production of gold in the United
States in the calendar year 1900 of the
value of S19,1I1,000, and, Notwithstanding the
fact that this country led the world in produc-
ZION It's imports exceeded its exports by S12,-
SCI, ,01o The production of North America,
practically all Of which the United
States was SIG. .051,500-
The worlds coinage Of gold in the calendar
year 1900 was S354 936. 497 and of silver S177.-
OH, ,902
United States in the calendar year 1900 is esti-
mated at S16,e67,5oo and of the world, approx
rlately $4,000 0e0.
The stock of subsidiary coin in the country is
limited by law to S100. 100000 and on November
/, 1901. the existing stock was s90613512
The report says it is not improbable that be-
fore another Congress shall have opportunity 20
act the growing needs Of the country viii have
absorbed the entire amount authorized
By the act of March Il, 1900, authority was
given TO use silver bullion purchased under the
act of July IL 1890, for this coinage. but 1t Is
necessary that the limit set upon the stock IN