Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-11-27
Director Roberts Tells of the
Operations of the United
States Mints
GREAT DEAL OF SILVER COINED
The Mints at New Orleans, PhiIadeIphia
and San Francisco Were Kept in op-
GRAFTON Thruout the Fiscal Year
Practically All of the Current Gold
Coinage Deposited for Certificates.

Washington, Nov. 27.-Director OF
the Mint Roberts in his annual report
says that the coinage mints at Phila-
delphia, New OOrleans and San Franz
cisco were in operation thruout the fis-
cal year In number of pieces the COIN
age of the year has never been ex-
ceeded, aggregating 191. .419506, but in
value it has fallen from $136,340,7S1 in
1902 to s94,52667s, this being due to the
greater demand for the small denomt-
rations. Gold coinage dropped from
$s9,0s5,7 715 to $61,9s0,572, but the stock
Of gold bullion on hand increased from
s100,219,493 to $124,o83,712. The coir,-
age of silver dollars amounted to $19,-
402,S00. subsidiary silver coins to $10,-
1859 and minor coins to $2,42s,736.
The original gold deposits Of the year
amounted to s36,332,e7s and for domes-
tic consumption s14,452,57S. The gross
expenditures on account of the mint
service. including loss by wastage in
operating upon the metals. was $3.50.
SOB. The earnings from all charges and
incidental gains exclusive of seignior-
age realized in the manufacture OF one
and ffve-cent pieces amounted to $1,-
919.370, and the total seigniorage ac-
cruing on the silver nickel and bronze
coins made in the year was $11.013,S5
which was turned into the general fund
of the treasury.
A feature of the report is descrtp-
ton of the new mint at Philadelphia.
which is pronounced the finest building
ever constructed for coinage purposes,
and the equipment, which is practically
new thruout, is believed to include the
most improved machinery and provided
with the most effective methods In use
in coinage establishments.
The director says that the increased
capacity of the nints at Philadelphia
and San Francisco and the prospective
opening OF the new mint at Denver viii
give the country a much greater cosn-
age capacity than 1t has heretofore had
while, on the other hand, the pressure
on the mints is about to relax instead
of increase.
The coinage Of 100000 silver dollars
per month, now required by law, will
NOiitS W Oil Cilo coolt Ny tAS SAtAc uS t1OAs
of the stock of bullion. This require.
ment now calls for the entire capacit!
of the New Orleans mint.
Attention is called to the fact tha
the gold coinage of the country is nos
almost entirely into storagt
and that the coinage of the entire an
nual deposits is unnecessary. The
treasury holds about $500,000.000 OF
coined gold, which the report says is
doubtless more than will be called for I.
IN a generation to come.
Practically all of the current coinage
is being deposited in the treasury for
certificates. When gold is required for
export, it is wanted in bars. while for
Domestic circulation the public prefer
the treasury certificates. which. witt
some modification of the statutes
might as well be issued against bars.
The director sees no occasion for
limit on the stock of subsidiary coin.
as its issue and retirement IS
wholly automatic in the response to the
aee6s of the business community.