The daily morning journal and courier., 1901-12-09
COINAGE OF NATIONS MONEY
ANNUAL REPORT OF DIR ECTOR
 OF THE MINT
7G,999, 52 Pieces Made of the Value of Si34 ,3iO, ,7s1-The Proportion of Silver and Gold-The Worlds Coinage of Gold S354, 4,936 ,407 and of Silver SI77,- OH, ,9O2 n More Subsidiary Coins Needed.


 OH, ,90a More Subsidiary Coins Needed.
 Washington, Dec. 9.--The report of George F. Roberts, director of the mint, upon the opera tions of the mint service during the fiscal year ended June 30, 1901, shows that the coinage during the fiscal year amounted to 176, 999 132 pieces of the value of s134,S4o,7S1 Of this s99, ,065. 715 was in gold, $24, ,29S, $50 in sil- yer dollars, $1O,966,64 in fractional sil- yer and $2O09, ,56S in minor coins There also were coined at the Philadelphia mint 225,00O gold pieces of the value of S349,014 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 IA, 1899. The amount of this bullion on hand at the beginning of the fiscal year was S326S,054 standard ounces, and at the end of the year 52,- 562,927 standard ounces. The coinage of this bullion has been accelerated to enable the treasury to retire the treas ury 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 during the year in the hints at Phila- delphia, San Francisco and New Or leans. The Philadelphia mint is now in it's new quarters and the old site, in- cluding the structure, will be offered for sale to the highest bidder on December 19, 1901. An upset price of $2,000,000 has been placed upon it. The original cost of the ground to the government was $35, $40. The cost of the new site and structure has been s2O00,0O0, and the for equipment $440,000, but considerable portion of the latter is yet unexpended
 The new mint under construction at Denver has made slow progress during the year and the supervising architect finds an additional appropriation neces- sary before the final contract can be let. The appropriation for site and building was $500,000 and for equipment s150,000. The new hints at Philadelphia and Denver, the ground with the old ones at San Francisco and New Orleans will af- ford ample facilities for this country for many years to come.
 The original deposits of gold at the hints and assay offices amounted to s153, ,1O1 ,5sO, an increase of $19,1S1561 ox,ar bn ,,ra,ay7ipo voor OP tI,iu 906, ,4S9 was in foreign coin, $17,600 463 that of Great Britain, nearly all being from Australia, and $5,4255Oo that of Japan
 The estimated production of gold in the United States during the calendar year 1900 was of the value of s79 I'll 900, and, notwithstanding the fact that this country led the world in production it's imports exceeded it's exports by $12,S66,- DO. The production of North Ameri- ga practically all of which comes to the United States, was $116,05 800.
 The worlds coinage of gold during the calendar year 1900 was $354, ,936, 497, | and of silver $177,O11, ,9O2.
 The industrial consumption of gold n the United States during the calen- lar year lSUU IS eSllilldleu dl plD,OOi ,DUU | md of the world approximately $75,000,- | 100.
 The stock of subsidiary coin in the is limited by law to s100, 1000, 900 md on November 1, 1901, the existing | stock was saO 613,512.
 The report says it is not improbable | hat before another congress shall have to act the growing needs If the country will have absorbed the | ntire amount authorized.
 By the act of March IA, 1900, authority vas given to use silver bullion purchas- d under the act of July IA, 1890 for this but it is necessary that the init set upon the stock in the country ,e removed or raised On November 1901, the stock of bullion acquired un- Ter the act of July IA, 1890, was 1,763,- 42 standard ounces. If enough of this were coined into dollar pieces to take ID the treasury notes issued for it's ost there would remain 15,539,S92 tandard ounces which converted into ubsidiary coin would give s19,321, ,119. It is suggested that the limit of the ountry's stock of subsidiary coin bel aised to at least $12O, 1000, ,0O0. No good eason is apparent, says the report, ,hy the coinage of dollar pieces should ot be allowed to cease and all of the liver on hand be used in subsidiary oinage.