The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-12-09
Report of George E. Roberts, Dr.
rector of the Mint, Shows That
Coinage During the Last Fiscal
Year Was $134,340,781
PRODUCTION OF GOLD
IN UNITED STATES
Notwithstanding the Fact That
This Country Led the World, Its
Imports Exceeded Its Exports
by S12,866,O10-Money Need
ed For Denver Mint

Washington. Dec. S.-The report of
George E. Roberts, a director Of the
mint. upon the operations of the mint
service during the fiscal year ended
June 30. 1901, shows that the coinage
during the fiscal year amounted to
176. 999,182 pieces, of the value Of
1874, .781. Of this $s9, O65,715 was in
gold. $24.298. $50 in silver dollars, $1O,-
qee GAS in fractional silver and $2,OO9,-
568 in minor coin. Ihere also ooe one
coined at the Philadelphia mint zzo,VoO
pieces Of the value of S349,Ol4 for the
government of Costa Rica.
The coinage of silver dollars during
the wear was wholly from the stock OF
bullion accumulated under the act OF
Julv II. 1890 The amount Of this bull
/ lion on hand at the beginning OF the
fiscal year was S3,26S,O54 standard
ounces and at the end of the year
50, 562,927 standard ounces. me coliias e e
of this bullion has been accelerated 10
ena HE the treasury to retire the treas
urv notes issued in its purchase ana
the same time supply the pressing de-
mand whcih has existed throughout
+he wear for the small denominations
required in retail trade.
Coinage operations were conducted
during the year in the minis at PhiIa-
deIphia, San Francisco and New Or
leans. The Philadelphia mint Is now
i'm IFS new quaters and the old site, in
Guiding the structure, viii be offered
/ for sale TO the highest bidder on Dec.
10 1901. An upset price OF 81 600 has
/ beer nlared upon it. The original cost
If the eraIud to the government was
S25 $40 The cost of the new site OF
structure has been $z,OOO,0OO ana me
appropriation FOR equipment A4OOOO'
but a considerable portion OF the latter
lis yet UneXpended.
The new mint under construction at
Denver has made slow progress dur
ing the year and the supervising archl-
tect finds an additional appropriation
necessary before the final contract can
be let. The appropriation for site and
building was 100000 and for equip
ment $l50,000 The new mints at Phila-
delphia and Denver, together with the
old ones at San Francisco and New
Orleans. will afford ample facilities for
this country for many years TO come.
The original deposits Of gold at the
mints and assay offices amounted TO
s159. 1O1 $50. an increase of S19,lSl,56l
over the preceding year. OF this ST.
zoe. $50 was in foreign coin, s17,600 463
that of Great Britain, nearly all being
from Australia, and S5,425,50O that Of
Japan.
The estimated production Of gold in
the United States during the calendar
year 1900 was of the value of S79.11,0OO
and Notwithstanding the fact that this
country led the world in production.
its imports exceeded its exports by
81. 500 O1O. The production of North
America. practically all of which
comes TO the United States, was Sll6'
051 500
The worlds coinage Of gold in the
calendar year 1900 was 1854. 936, 497 and
of silver $177.011, 902.
The industrial consumption Of gold
in the United States during the calen-