The Kalispell bee. [volume] (Kalispell, Mont.) 1900-192?, 1902-12-02
MINIS KEPT
IN OPERATION
Report of the Coinage During the
Past Fiscal Year.
COINAGE WAS NEVER EXCEEDED
Monthly Coinage of Silver Dollars
Required by Law Will Come to End
Soon by the Exhaustion of the
Stock of BuIIion-Sonle Very In
teresting Statistics.

George E. Roberts, the director of
the mint. in his annual report says
the coinage minis at Philadelphia
New Orleans and San Francisco were
in operation throughout the fiscal
year. In number of pieces the com
age has never been exceeded, aggre-
eating 1911 ,419, sos, but in value it
has fallen from $136, 340,7S1, in 1901,
to $94,526,67S, this being due to the
greater demand for the small denom-
nations.
Gold coinage dropped from $685.
065,715 to $61 ,904,572, but the stock
of gold bullion on hand has increased
from $1O,219 493 10 $124,0S3,712. The
coinage of silver dollars amounted to
$19713,569 and minor coins to
429 1856.
The gross expenditures on account
of the mint service, including loss
by wastage in operating upon the
metals was $1,910,503. The earnings,
incidental gains and charges exclu-
sive Of seigniorage aggregated $751;
manufacture of one and five-cent
pieces amounted to $1,919,370, and
the total seigniorage accruing to sill
yer, nickel, and bronze coins made
in the year was $11,U13,8 1856, which
was turned into the general fund 0
the treasury.
The capacity of the mint at San
EHropoiroo io haino Increased NV thn
introduction and methods and equip
ment and has proven successful in
Philadelphia. The director says that
the increased capacity of the minis
in San Francisco and Philadelphia
the prospective opening of the new
mint at Denver will give the country
much greater coinage capacity ,han
other hand the pressure on the
minis is almost ready to relax in
stead of increasing.
The coinage of 100000 silver dol
lars per month, now required by
law, will come to an end soon by
the exhaustion of the stock of bull
lion. This requirement now calls
Orleans mint When the dollar
coinage ceases, that mint will be idle
unless work is diminished at Phila
delpha and San Francisco to give
it employment.
When the Denver Mint is opened
the bullion output of Colorado anC
possibly othr mining districts of the
r. aa1n Wi
be cut off from the latter institution
and the report says it is not advisa
BILE to reduce still further it's opera
lions in order to supply work fol
New Orleans. 1t accordingly recon
mends that coinage operations bt
discontinued at the latter institution
at the close of the current nscal yea
as an assay Office.
If coinage operations are now dis
continued at New Orleans so muel
of the machinery there as Is in goo
condition and of improved design cal
be transferred to the new Denve
mint, and the estimates there fol
equipment correspondingly reduced.
AtCSnllOh 10 CdliSu W tllc ldSC Iud
the gold coinage of the country /
now entering almost entirely int
storage and that the coinage of tn
entire annual deposits is unnece'
sary. The treasury holds about $500
100000 of coined gold which, the r,
port says, is doubtless more than wi
be called for in a generation to com
Practically all of the current coil
age is being deposited in the trea
ury for certificates When gold
wanted for export it is wanted
bars, while for domestic circulate
the public prefers the treasury ce
tificates, which, with some modific
ton of the statutes, might as we
have been issued against bars.
Under the limitation placed on Il
stock of subsidiary silver coin by Il
act of March IA, 1900 no more
these denominations can be issue
while the demand is regular al
must continue with the growth
population and business. The dire
tor sees no occasion for limit
the stock of subsidiary coin, ins
much as its issue and retirement
wholly automatic, in response to t
needs of the business community
Children's eyes given special
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