Rensselaer Republican, Volume 12, Number 10, Rensselaer, Jasper County, 20 November 1879 — Mint Statistics. [ARTICLE]

Mint Statistics.

Washington, November I*. The report of Horatio C. Burchard, Director of the Mint, was submitted to the Secretary at the Treasury yesterday, and shows the operations of the United States mints and assay offices during: the fiscal year ended,June 80, 1879. * ‘ l[‘ ip. During the year the total deposits of gold and silver, including silver purchases, amounted to $71,179,654, of which $42,254,156 were gold, and $28,925,497 silver. Of the above amounts $88,549,705 of gold and $26,934,728 of silver were of domestic production, $198,083 of gold and $10,607.79 of silver were United States coin, $1,069,796 of gold and $1,072,919 of silver were of foreign bullion, $1,498,819.71 of gold and $698,682 of silver were of foreign coin, and $987,751 of gold and $208,609 of silver were of plate and other manufactured articles. The amounts of gold and silver separated in the refineries of coinage mints and assay office at New York were $20,759,549 of gold and $10,687,526.97 of silver. The coinage during the year amounted to $68,312,592, and consisted of 2,759,421 pieces of gold, of the value of $40,986,912, and 27,228,850 pieces of silver, of the value of $37,227,882, and of minor coins 9,620,200 pieces, of the nominal value of $97,798. The actual use of gold as part of the circulation consequent upon the convertibility of United States notes into coin, it was anticipated, would create a demand for the smaller denominations of gold coin, and daring the last fiscal year there has been a larger coinage of eagles, half-eagles and quarter-eagles than in any preceding year during the period of sixteen years. The coinage of eagles and half-eagles will be continued until the demand is satisfied. The silver coinage has been almost exclusively of standard silver dollars, of which 27,227,600 were coined during the year, and the total coinage to November 1, 1879, has been $45,206,200. The total amount of subsidiary coin issued since the passage of the Resumption act was $42,974,931. The full amount coined was $43,994,981, but $1,020,000 in dimes was recoined into pieces of larger denomination at the mint at San Francisco. Bars manufactured, fine and imported, amounted to $22,022,614, of which $12,976,812 were gold and $9,045,802 silver. Total amount of gold bars, $12,976,812; total amount of silver bars, $9,045,802. The Director thus closes his report: “ The true policy of this country is such conservative action as will tend to bring the values of gold and silver to their former relations, upholding one and preventing the appreciation of the other, until it can be determined whether commercial nations are willing that both metals should be yoked for equal monetary service. But in case the use of silver as money must be abandoned, it is gratifying to believe that the vast resources of agriculture and mineral wealth, present development of mining and manufacturing interests, and facilities for inland commerce, the comparative lightness of taxation and relief from heavy foreign indebtedness, and, above all, the productive genius, industry, inventive skill and capacity of the people of the United States, will enable them to retain, or, as now, draw from abroad, gold heeded for monetary use, and that commercial disaster and depression, threatened or feared, as the result of restricting the commercial world to one metal, are more likely to fall upon nations that initiated and are responsible for the movement.”; _