Democratic Sentinel, Volume 18, Number 48, Rensselaer, Jasper County, 14 December 1894 — MINT DIRECTOR’S REPORT. [ARTICLE]

MINT DIRECTOR’S REPORT.

Shows the Volume of Gold and Silver Purchased and Coined. R. E. Preston, the director of the Mint, has submitted to the Secretary of the Treasury his report of the Mint and Assay Offices for the fiscal year 1804. The value of the gold deposited is stated as $140,942,545; $38,008,051 was of domestic production, $28,000,525 foreign bullion and coin, $3,118,421 old material, $2,093,615 worn and uncurrent United State* gold coin deposited for recoinage. The deposits and purchases of silver during the year were 22,746,(161 fine ounces, the coining value of the same in silver dollars being $20,400,825. Nineteen million seven hundred and seventyseven thousand and seven hundred dollars was of domestic production, $1,832,890 foreign bullion and coin, $6,481,404 worn and uncurrent United States coin, and the remainder, $805,036, old material. The amount of silver bullion purchased under the act of July 14, 1890, was 11,017,659 fine ounces, at a cost of $8,715,521; the average cost per fine ounce being $0.7313. The total aipount of silver purchased under the act of July 14, 1890, from Aug. 13,1890, the date the law went into effect, to Nov. 1, 1893, the date of the repeal of the purchasing clause of that act, was 108,674,682 fine ounces, costing $155,931,002; the average pri<?e per fine ounce being $0.9244. The total coinage of silver dollars under the act of July 14, 1890, to July 1, 1894, was 36,087,943, consuming 27,911,768 fine ounces, which cost $29,110,647. The seignoirage of silver coined under act of July 14, 1890, to July 1, 1894, was $6,977,296. From July 1, 1894, to Nov. 1, 1894, 2,413,200 dollars were coined, the seigniorage of the same was $786,764.27, making the total amount of silver dollars coined under the act of July 14, 1890, 38,531,143, and the total seigniorage $7,764,060. The total coinage during the year was: Gold, $99,474,912.50; silver dollars, 758; subsidiary silver, $6,024,140.30; minor coins, $719,919.26; total, $106,216,730.06. The gold coinage for the year was the largest ever executed at the mints of the United States in any one year. The highest price of silver during the year was $0.7645, anil the lowest $0.5918, showing a fluctuation of $0.1725 per fine ounce. The net gold exports for the fiscal year were $4,172,665 as against $86,897,275 for the prior fiscal year. The net exports of silver for the fiscal year were $31,041,359 as against $7,653,813 for the fiscal year 1893. The director estimates the value of the gold used in the industrial arts in the United States during the calendar year 1893 at $12,523,523, and silver at $9,534,277; of the gold $8,354,482 and of the silver $6,570,737 was new bullion. Brieflot* Francis Kossuth has taken the oath of allegiance to the King (Emperor Francis Joseph). The Little Rock and Pacific Railroad has been organized to build a road 160 miles long. William N. Whitely, the reaper man, will rebuild his factory at Muncie, Ind., recently burned. Indiana farmers were fooled by a Chicago lunatic who tried to buy the whole . country around Hebron. J. Edward Addicks, the millionaire cani lldate for Senator from Delaware, haa I ooen sued for divorce by his wife.