8th Congress.
No. 233
2d Session.

MINT.

Communicated to the House of Representatives, March 1, 1805.

Treasury Department, February 27th, 1805.   

Sir:

I have the honor to transmit, herewith, a letter from the Comptroller of the Treasury, accompanied with sundry statements, which have been prepared in obedience to the act, entitled "An act establishing a mint, and regulating the coins of the United States," passed on the 2d of April, 1792.

I have the honor to be, very respectfully, sir, your obedient servant,

ALBERT GALLATIN.

The Hon. the Speaker of the House of Representatives.

. . . . . . . .

Treasury Department, Comptroller's Office, February 26th, 1805.   

Sir:

The statements marked A, B, C, D, and E, herewith laid before you, have been prepared pursuant to the seventh section of an act of Congress, of the second of April, 1792, entitled "An act establishing a mint, and regulating the coins of the United States." They contain all the information, relative to the transactions of the mint, which the settlements made at the treasury enable me to give.

I have the honor to be, with great respect, your obedient servant,

G. DUVALL.

Albert Gallatin Esq.


A.

Statement exhibiting the balance of gold and silver remaining in the hands of the officers of the Mint, on the 31st December, 1803; the amount of deposites from the 1st January, to the 31st December, 1804; the different species of coins made and paid on account of deposites; allowance for wastage; and the balance remaining in the hands of the officers of the Mint on the said 31st of December, 1804, to be accounted for on a future settlement.

Oz. dwt. gr. Dolls. cts.
Gold remaining in the hands of the officers of the mint, on the 31st Dec. 1803, 138 13 9   =   2,464 60.5
Do. deposited from the 1st January to the 31st December, 1804, 14,499 9 15 = 257,768 35.5
-------------------------------------
14,638 3 0 = 260,232 96
========================
Amount paid on account of deposites of gold, from the 1st January to the 31st December, 1804, $240,490 16.5
Add balance of gold coins remaining in the hands of the treasurer of the mint, on the 31st Dec. 1804, 19,327 42.5
----------------
$259,817 59
Deduct this sum, being so much of warrant No. 4,809, issued at the Treasury of the United States, to cover the wastage in the coinage of gold, for the year ending December 31, 1804, $886 34.5
Also this sum, being the balance of gold coins remaining in the hands of the treasurer of the mint, on the 31st December, 1803, 288 74.5
---------------- 1,175 09
oz. dwt. gr.
Gold coins made from the 1st January to the 31st December, 1804, viz: eagles 9,795, half eagles 30,475, and one-fourth eagles 3,327; weight and value, 14,548 12 19 = 258,642 50
Balance of gold bullion, &c. in the hands of the officers of the mint, on the 31st December, 1804, 28 18 14 = 513 46.5
Profit and loss, allowed for wastage in the coinage of gold, from the 1st January to the 31st December, 1803, 60 11 15 = 1,076 99.5
-------------------------------------
As above, 14,638 03 00 = 260,232 96
========================
Silver remaining in the hands of the officers of the mint, on the 31st December, 1803, 10,022 00 09 = 11,563 54.5
Silver deposited, from the 1st January to the 31st December, 1804, 91,504 18 00 = 105,582 50.5
-------------------------------------
101,526 18 09 = 117,146 05
========================
Amount paid on account of deposites of silver, from the 1st January to the 31st December, 1804, $104,828 68.5
Add balance of silver coins remaining in the hands of the treasurer of the mint, 31st Dec. 1804, 426 33
----------------
$105,255 01.5
Deduct this sum, being so much of warrant No. 4,809, issued at the treasury of the United States, to cover the wastage in the coinage of silver, for the year ending Dec. 31, 1804, $386 29.5
Also this sum, being the balance of silver coins remaining in the hands of the treasurer of the mint, on the 31st December, 1803, 4,528 22
---------------- 4,914 51.5
oz. dwt. gr. ----------------
Silver coins made from the 1st Jan. to 31st Dec. 1804, viz: dollars, 19,570, half dollars, 156,519, one-fourth dollars, 6,738, and dimes, 8,265; weight and value, 86,961 15 08 = 100,340 50
Balance of silver bullion, &c. in the hands of the officers of the mint, on the 31st December, 1804, 14,221 12 09 = 16,409 17
Profit and loss for this sum, allowed for wastage in the coinage of silver, for the year 1804, 343 10 16 = 396 38
-------------------------------------
101,526 18 09 = 117,146 05
========================

Comptroller's Office, February 23d, 1805.

ANDREW ROSS.


B.

STATEMENT OF COPPER COINAGE, 1804.

Mint of the United States, in account current of Copper purchased and coined, from the Commencement of the Institution to the 31st December, 1804, with the United States.

Dr. Cr.
Avoirdupois
weight.
Troy weight. Cost of
copper.
Pounds. lbs. oz. dwt. Dolls. cts. mills
To amount of rough copper and planchettes, purchased from the commencement of the institution, to the 31st December, 1803, per statement marked D, accompanying the Comptroller's report of the 17th March, 1804, 659,292 11 19 181,422 94
To this sum, being the cost and charges of planchettes purchased in the year 1804, 45,410 55,185 9 3 17,151 28
-------------- --------------
714,478 9 2 198,574 22
Balance, being the amount gained, 31,327 46.5
Troy weight. Value of copper at the rate of 7 dwt. to one cent.
lbs. oz. dwt. Dolls. cts. mills.
By amount of rough copper and planchettes accounted for, per statement marked D, accompanying the Comptroller's report of the 17th March, 1804, 583,896 0 12 186,194 25
By amount of cents and half cents, charged as delivered to the Treasurer of the United States, in the quarter ending 31st March, 1804, . . . . . . 3,495 00
By amount of cents and half cents, charged as delivered to the Treasurer of the United States, in the quarter ending 30st June, . . . . . . 2,840 00
By amount of cents and half cents, charged as delivered to the Treasurer of the United States, in the quarter ending 30st September, . . . . . . 3,495 00
By amount of cents and half cents, charged as delivered to the Treasurer of the United States, in the quarter ending 31st December, . . . . . . 2,424 94
32,214 4 18 . . . . . .
-------------- --------------
616,110 5 10 $197,239 19
Balance remaining, on the 31st December, 1804, viz:
Cents and half cents in the hands of the treasurer of the mint, 5,250 0 0 1,800 00
Planchettes in the hands of ditto, 55,185 9 3 18,920 83
Ditto, in the hands of the chief coiner, 84,829 10 6 11,941 66.5
lbs. oz. dwt.
Profit and loss for this amount, per statement last rendered, 2,393   9 18
Add this amount, short, extended on that statement, 50 0 0
This amount of planchettes, spoiled in striking, charged to this also, 151 5 6
This amount, credited the chief coiner on account of the cents said to weigh more than seven dwt. each, 507 4 19
---------- 3,102 8 3
-------------- --------------
714,478 9 2 $229,901 68.5
--------------
$229,901 68.5

Note.-Agreeably to the allowance made to the chief coiner, on the coinage of copper, each cent, made during the years 1803 and 1804, ought to weigh seven pennyweights three and a third grains. The spoiled planchettes, with which the account of profit and loss is charged, I expect were placed in the hands of the melter and refiner, and used by him for alloy to gold and silver.

Comptroller's Office, February 23d, 1805.

ANDREW ROSS.


C.

Summary Statement exhibiting the value of coins made at the Mint; the amount of disbursements on account of the establishment; the amount allowed for wastage; the amount retained of deposites; and the amount gained on the coinage of copper.

Value of gold, silver, and copper coins, made at the mint to the 31st December, 1803, $3,931,866 30
Ditto, of gold coins made from the 1st January to the 31st December, 1804, per statement herewith, 258,642 50
Ditto, of silver,    ditto,    ditto,    ditto, 100,340 50
Ditto, of copper coins, made and charged as delivered to the Treasurer of the United States, from the 1st January to the 31st December, 1804, per statement herewith, marked B, 11,044 94
---------------- 370,027 94
----------------
Total value of gold, silver, and copper coins, $4,301,894 24
============
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1803, per report of the 17th March, 1804, 225,205 73.5
Add amount gained on the coinage of copper, per statement for the year 1804, 29,783 80.5
---------------- 254,989 54
Deduct amount of wastage, per the above statement transmitted, 15,720 58.5
Add amount retained of deposites, ditto, 2,443 24.5
---------------- 13,277 34
----------------
241,712 20
Add amount disbursed on account of the establishment, from the 1st January to the 31st December, 1804, per statement herewith, 16,224 80
Add amount of wastage to the 31st December, 1803, per statement for the year 1804, 15,720 58.5
Ditto, from the 1st January to the 31st December, 1804, per statement herewith, marked A, 1,473 37.5
----------------
Total amount of wastage, to the 31st December, 1804, 17,193 96
Deduct amount retained from deposites, per statement furnished for the year 1803, 2,443 24.5
Deduct amount retained from the 1st January to the 31st December, 1804, per statement herewith, marked A, 138 29.0
---------------- 2,581 53.5
---------------- 14,612 42.5
----------------
272,549 42.5
Deduct the amount gained on copper coinage from the commencement of the institution to the 31st December, 1804, per statement herewith, marked B, 31,327 46.5
----------------
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1804, including the cost of lots, buildings, machinery, &c. 241,221 96.0

Comptroller's Office, February 23d, 1805.

AND. ROSS.


D.

Statement of the Appropriations made by law, for the Mint establishment, for the year 1804; with the amount of Warrants drawn by the Secretary of the Treasury, on said appropriations.

Amount of warrants drawn on the treasurer in favor of the mint, for the services of the year 1804, 36,874  42
Balance unexpended on the 1st January, 1804, 52,083  67
----------
$88,985  09
=======
Balance of the several appropriations for the mint establishment, unexpended on 1st January, 1804, per statement for the preceding year, 65,713  15
Appropriated by an act respecting the mint, dated 24th April, 1800, being the amount of cents and half cents, paid into the treasury in 1804, 13,844  94
Ditto, by act making provision for the support of Government for the year 1804, dated the 14th March, 1804, 9,400  00
----------
$88,985  09
=======

 

Statement of the Appropriations made by law for the payment of the salaries of the officers and clerks of the Mint, for the year 1804.

Amount of warrants drawn on the Treasurer of the United States for the salaries of the officers and clerks of the mint, in 1804, 10,600  00
----------
By the act making appropriations for the support of Government for the year 1804, passed the 14th March, 1804, $10,600  00
=======

 

Statement of the application of moneys advanced from the Treasury of the United States, for the support of the Mint establishment, during the year 1804.

Balance due the treasurer of the mint, on 1st January, 1804, as per statement for the preceding year, 6,390  55
Moneys paid by the treasurer of the mint, on warrants drawn by him on the Director, and admitted by the accounting officer of the treasury, on the adjustment of his account, were as follow, viz:
Incidental and contingent expenses and repairs of mint.
For $5,624  80, being the amount expended for the requisite repairs, apparatus, machines, wages of workmen, and other expenses,
Paid in the 1st quarter, 1,285  62
2d    do. 1,316  35
3d    do. 1,466  65
4th    do. 1,556  18
---------- 5,624  80
Copper purchased for coinage.
For $17,573  28, being the amount of the costs, and charges for copper purchased for coinage:
45,410 lbs purchased from 1st October to 31st December, 1804, 17,151  28
Loss on a bill of exchange for copper previously bought in 1803, 422  09
---------- 17,573  37
Salaries of the officers and clerks of the Mint.
Paid in the 1st quarter, 2,650  00
2d    do. 2,650  00
3d    do. 2,650  00
4th    do. 2,650  00
---------- 10,600  00
Wastage in the coinage of Gold and Silver.
Applied to make good deficiencies in wastage in the coinage of gold and silver, for the year 1803, $1,272  64
Balance to be accounted for by the treasurer of the mint, 6,013  06
----------
$47,474  42
=======
Advanced from the treasury for the mint establishment.
For the salaries of the officers and clerks, 10,600  00
For the purchase of copper, and the incidental and contingent expenses. 36,874  42
----------
$47,474  42
=======
Account of Cents and Half Cents paid into the Treasury of the United States, by the Treasurer of the Mint, in the year 1803.
Paid in the 1st quarter, 3,340 00
2d    do. 6,330  00
3d    do. 1,750  00
4th    do. 2,424  94
----------
$13,844  94
=======

Treasury Department, Register's Office, 21st February, 1805..

JOSEPH NOURSE, Register.


E.

An Abstract Statement of the settlements at the Treasury, of the accounts of the Treasurer of the Mint, from January 1st, to December 31st, 1804, exhibiting the balance, in bullion, for which he remained accountable on the last settlement, and also the deposites of Bullion, Coins made, value of Coins paid, allowance for wastage, and balance in the hands of the Officers of the Mint, and in the Bank of the United States.

PERIOD OF SETTLEMENT. BALANCE WHICH REMAINED TO BE ACCOUNTED FOR, DECEMBER 31, 1802, CONSISTING OF DEPOSITES IN STANDARD
FROM TO Gold in the hands of the Officers of the Mint, and Commissioners of Inspection. Silver in the hands of the Officers of the Mint, and Commissioners of Inspection. Coins in the Bank of the United States. Total value of balance. Gold.
Weight. Value. Weight. Value. Of Gold. Of Silver. Weight. Value.
oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts. oz. dwt. gr. Dolls. Cts.
January 1, 1804, December 31, 1804. 138 13 9 2,464 60½ 10,022 0 9 11,563 54½ 288 74½ 4,528 22 18,845 11½ 14,499 09 15 257,768 35.5

E - Continued.

DEPOSITES IN STANDARD Total value of
Balances and
Deposites.
COINS OF GOLD AND SILVER MADE AT THE MINT. VALUE OF COINS PAID
AT THE MINT.
Total value
of
Coins paid.
Silver. Total value of
Deposites.
Gold. Silver. Gold. Silver.
Weight. Value. Weight. Eagles. Half
Eagles.
Quarter
Eagles.
Weight. Dollars. Half
Dollars.
Quarter
Dollars.
Dimes.
oz. dwt. gr. Dolls. Cts. Dolls. Cts. Dolls. Cts. oz. dwt. gr. No. No. No. oz. dwt. gr. No. No. No. No. Dolls. Cts. Dolls. Cts. Dolls. Cts.
91,504 18 0 105,582 50.5 363,350 86 382,195 97½ 14,548 12 19 9,795 30,475 3,327 86,961 15 8 19,570 156,519 6,738 8,265 240,490 16.5 104,828 68.5 345,318 85

E - Continued.

ALLOWANCE FOR WASTAGE. BALANCE TO BE ACCOUNTED FOR.
Gold. Silver. Total Value
of allowance
for Wastage.
In the hands of the Chief Coiner. In the hands of the
Melter and Refiner.
Weight. Value. Weight. Value. Gold. Silver. Total Value. Gold.
Weight. Value. Weight. Value. Weight. Value.
oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts. oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts. oz. dwt. gr. Dolls. Cts.
60 11 15 1,076 99½ 343 10 16 396 38 1,473 37½ 16 13 5 295 85.5 444 1 13 512 8.05 807 94 5 4 18 92 61

E - Continued.

BALANCE TO BE ACCOUNTED FOR.
In the hands of the Melter and Refiner. In the hands of the Commissioners of Inspection, and of the Treasurer, for Assay Pieces. Coins in hands
of the Treasu'r.
Coins in Bank
of the U.States.
Total Value. Total balance to be accounted for.
Silver. Total Value. Gold. Silver. Total Value. Gold. Silver. Gold. Silver. Total Value.
Weight. Value. Weight. Value. Weight. Value.
oz. dwt. gr. Dolls. Cts. Dolls. Cts. oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts.
13,762 11 5 15,879 80 15,972 41 7 0 15 125 00 14 19 15 17 28½ 142 28½ 19,327 42½ 426 33 18,753 75½ 19,840 89 16,835 50 36,676 39

Treasury Department, Register's Office, February 21st, 1805.

JOSEPH NOURSE, Register.