The Holly chieftain., 1904-01-08
EVENTS In WASHINGTON AND
TRANSACTIONS OF CONGRESS
United States Mint Report.

The annual report OF Director Rob
erts of the United States Mint Bureau
! shows that the mints at Philadelphia,
New Orleans and San Francisco We're
in operation during the year and that
the output was greater in number Of
pieces than in any previous year, ag-
gregating 205, ,S72.4e2. The pressure for
!, small domestic coins and for Philippine
coins reduced the aggregate of gold
coinage to $45, ,721 733, and the stock
of gold bullion in the mints increased
from $l2i,Os3,S23 TO S157, Ill., ,571. This
bullion is included in all figures of
treasury reserves. The net gain in
the gold stock of the country during
the year Is estimated to have been s57, =
l57,149. 80 t
OF the silver bullion purchased for
dollar coinage under the act of July
IA. 1890, 33,2lS,712 fine ounces We're on
hand at the beginning of the year and
1l,5o2,33S at the close of the year. This
amount will be entirely exhausted dur
ing the current fiscal year, no other
provision exists for the coinage of dol
lars or subsidiary SILVER coin.
The total deposits of gold bullion at
the various Offices OF the mint service
during the year were of the value Of
$l27 ,044, 443
The value of gold bars disposed of
by the mint service during the year
was $43,776,2S6, OF which $22 559 ,S54
was tor export and s21, PIG, 1872 for use
in manufactures. The value of bars sold
by private refiners to manufacturers
during the year was $3,291, 406, of which
all but $6S3,7GS was from old material.
The inquiry as to the United States
gold coin melted down during the year
resulted in returns aggregating $3,004.-
$50, and the directors estimate of the
total is $3,500,000. The amount of new
gold bullion and of gold coin used in
manufactures in this country during
the year is estimated to have been $23,-
O05 ,29S, the largest on record.
The gold imports for the fiscal year
were $44,982,027, coming mainly from
Canada, Mexico, Australia, France and
Great Britain. The total exports of
gold were $47,O90,595. OF this, $23,-
S90,9S6 was in mint bars shipped to
France and Germany; $2,2T4, 1876 in pri-
vate refinery bars shipped to Japan;
$10,700,S ,S55 in domestic gold shipped to
South America; $6,S17,23 in domestic
gold coins shipped to Canada, and the
remainder in bullion and coin to vari-
GUS countries. The value of silver i'm
ports during the year was $24, l63, 49l
nd of silver exports $44,250,259.
Inquiry addressed to every bank in
Canada and replies from each showed
the stock of United States gold coin in
Canadian banks June S0 1903, to be
s10.S75,S9 The stock in the Dominion
treasury on the same date was $34, 430,-
1884.
a summary of all earnings and ex-
penditures, including seigniorage on
i silver and minor coin, shows that the
ktotal earnings and gains exceeded ex-
penditures by s6,S97,323, the total earn
ings having been sS,s69,9l0, and the
expenditures s1,S01,lS7.
1t is announced that the new coinage
mint at Denver will be ready for equip
ment during the coming year.
The table of monetary stocks shows
gain in the estimate Of gold stocks of
the world from December 81, 1901, to
December 1, 1902, of $2OS.0oO, goo.