New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-27
COINAGE AT THE HINTS.
NUMBER OF PIECES INCREASED. BUT
VALUE DECREASED. IN THE
LAST FISCAL, YEAR
LAST FISCAL YEAR.

Washington. Nov. 26.-George f. Roberts. the
director Of the Mint in his annual report says that
'ne coinage minis at Philadelphia. New Orleans
anu san Francisco in operation throughout
the fiscal year In number of pieces the coinage OF
Ihe year has never been exceeded. aggregating
I'+l'+h but in value it fallen from 1886 S4O7sl
IN 1901 to s94526.s7S this being due to the greater
p'ihdhd Tor the small denominations. Gold coinage
dropped from 500 rs to SOL 9so52 but the stock
81 gold bullion hand increased from S1OO29. 4s3
10 $l-foS12 The coinage of silver dollars amount
cd TO $40 subsidiary coins 10 $40 III $50 and
minor coins to 81 4'9 736
The original gold deposits or the wear amounted
10 Sl325SoS39 Gold bars taken for export amounted
[" Sdo5526IS and for domestic consumption TO s14-
'S-'S The gross expenditure on account of the mint
service. including loss by wastage in operating OF
charges and incidental gains exclusive of seignior-
age. aggregated 1851 The sefgniorage realized
al "'e manufacture Of one-cent and fve-cent pieces
amounted to Sl.99,57O and the total seigniorage
accrulng on the silver. nickel and bronze coins
mace IN the year was Su0l3. $50. which was turned
'Ilo me general fund of the Treasury.
me feature OF the report is a description Of the
ne" mint at Philadelphia. The new edihce is said
|" De the finest building constructed for COIN
age purposes. and the equipment which is prac-
u'aIiy new throughout, is believed 20 include the
most improved machinery and provide for the
most effective methods in in coinage estab-
hshments The capacity OF the mint at San Fran
oiSCo IS being increased by the introduction of
methods and equipment which have proved sue
cessfuI at Philadelphia
ne director says that the Increased capacity OF
me mlnts at Philadelphia and San Francisco and
me prospective opening of the new mint at Denver
Nh SIFe the country much greater coinage ca
ptdtCIIS than IT has heretofore had. while on the
ooiIei liihd, the pressure is about 70
~ instead or Increase. The coinage OF 500
c ,,neII uoIitTs month, required by law will
~ 70 an END soon by the exhaustion of the
SOCK OF bullion. This requirement now calls for
- IIiie capacity OF the New Orleans mint When
~ doIIdr coinage ceases. that wi he idle
80 WORK Is diminished at Philadelphia and San
ISiS'o 10 give II employ When the Den
"a - opened the bullion output of Colorado
90 PosSIpy or other mining districts of the West
i no" gong 10 philadelphia. will ne cut off from the
IdIlTI institution and the report SAYS il is not ad-
,auie 10 reduce its operations still further n
~ 10 supply work for New-Oreans. Ii is rec
that coinage opera tons be discontinued
rent nscaI year, and that it be conducted hereafter
as an assay Office.
attention Is called 10 the fact that the gold coin
rs OI the country IS now entering almost entirely
atll- deposits IL unnecessary. The Treasury holds
toouI SFu''npN OF coined gold. which report
SAYS Is doubtless more than will he called for in
- StHeTat!3h TO come. Practically all the current
ihdSe Is being deposited in the Treasury for GER
uH'dteS. hen gold Is required for export II is
wanted IN bars, while for domestic circulation the
pllDlc prefers the Treasury certificates
" nm some notifications OF the might s
well be issued against bars
uder t1e limitation placed the stock of sub
more OF these denominations be issued. while
Ne deina no Is regular and must continue with the
CROWN or population and business. The director
sees no occasion for a limit the stock of sub
TLIf ,"h3lF automatic. In response to the needs OF
the business community.