10th Congress.
No. 284
1st Session.

MINT.

Communicated to the House of Representatives, April 25, 1808.

Treasury Department, April 23d, 1808.

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 seventh section of 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 Honorable the Speaker of the House of Representatives.

. . . . . . . .

Treasury Department, Comptroller’s Office, April 23, 1808.

Sir:

The statements marked A, B, and C, which you will receive, herewith, have been prepared pursuant to the seventh section of an act of Congress of the 2d 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, sir, 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, 1806; the amount of deposites from the 1st January to the 31st December, 1807; 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 December, 1807, to be accounted for on a future settlement.

Ounces. Dwt. Gr. Dollars. Cts. M.
Balance of gold bullion, &c. remaining in the hands of the officers of the mint on the 31st December, 1806, 1,822 9 13 32,398 52 5
Gold bullion deposited from the 1st January to the 31st December, 1807, 23,533 3 14 418,367 41 0
---------------- ----------------
25,355 13 3 450,765 94 5
============ ============
Amount paid on account of deposites of gold, from the 1st January to the 31st December, 1807, 403,510 4 5
Add balance of gold coins in the hands of the treasurer of the mint, on the 31st December 1807, 35,943 38 0
----------------
439,453 77 5
Deduct this sum, being a balance of gold coins remaining in the Bank of the United States, on the 31st December, 1806, 958 06 0
Also, this sum, being so much of warrant No. 8,906, issued to cover wastage in the coinage of gold during the year 1806, 1,000 36 5
---------------- 1,958 42 5
----------------
Gold coins made at the mint, from the 1st January to the 31st December, 1807, viz: half eagles, 84,093; quarter eagles, 6,812; weight and value, 24,609 1 21 437,495 0 0
Balance of gold bullion in the hands of the officers of the mint on the 31st December, 1807, 669 5 11 11,896 90 0
Profit and loss for this sum, allowed for wastage in the coinage of gold from the 1st January to the 31st December, 1807, 5 19 1,347 3 5
---------------- ----------------
As above, 25,355 13 3 450,765 93 5
============ ============
Balance of silver bullion in the hands of the officers of the mint on the 31st December, 1806, 69,698 7 1 80,420 57 0
Silver bullion deposited from the 1st January to the 31st December, 1807, 613,400 15 0 707,769 98 5
---------------- ----------------
693,099 2 1 788,190 55 5
============ ============
Amount paid on account of deposites of silver, from the 1st January to the 31st December, 1807, 598,787 93 0
Add balance of silver coins in the Bank of the United States on the 31st December, 1807, 382 48 0
----------------
599,170 41 0
Deduct this sum, being a balance of silver coins in the Bank United States on the 31st December, 1806, 17
Also, this sum, being so much of warrant No. 8,906, issued to cover wastage in the coinage of silver, during the year 1806, 1,721 49
---------------- 1,721 66 0
----------------
Silver coins made at the mint, from 1st January to 31st December, 1807, viz: half dollars 1,051,576; quarter dollars 220,643, and dimes, 165,000, weight and value, 517,788 18 8 597,488 75 0
Balance of silver bullion in the hands of the officers of the mint on the 31st December, 1807, 163,409 3 9 188,548 33 0
Profit and loss for this sum, allowed for wastage in the coinage of silver, from the 1st January to the 31st December, 1807, 1,901 0 8 2,193 47 5
---------------- ----------------
As above, 683,099 2 1    788,190 55 5
============ ============

Comptroller’s Office, April 21, 1808.

ANDREW ROSS, Clerk.

B.

The Mint of the United States, in account of Copper purchased, coined from the commencementof the institution, to the 31st of December, 1807, with the United States.

Dr. Cr.

Avoirdupois
weight.		 Troy weight.
Cost of
copper.
lbs. oz. dms.   lbs. oz. dwt. Dollars. Cts M.
To amount of rough copper and copper planchettes purchased from the commencement of the institution to the 31st December, 1806, per statement marked B, accompanying the Comptroller’s report of the 3d March, 1807, 714,478 9 2 198,590 93 0
To cost of copper planchettes fit for striking, purchased in the year ending 31st December, 1807, 44,772 0 0 54,510 5 0 15,984 20 0
Balance, being the amount gained, 33,763 37 0
Troy weight. Value of copper at the rate of 7 dwts. to 1 cent.
lbs.  oz. dwt. Dollars. Cts.
By amount of rough copper and copper planchettes, accounted for, per statement marked B, accompanying the Comptroller’s letter of the 3d March, 1807, 674,978 11 6 217,422 67
By amount of cents and half cents charged by the treasurer of the mint, as delivered to the treasurer of the United States, in the year 1807, viz:
Cents. Half Cents. Cents.
  In the 1st quarter, 100,000 and 99,000 149,500
2d do. 389,221 81,000 429,721
3d do. 171,000 85,500
5th do. 225,500 30,000 240,500
------------ 26,360 7 7 9,052 21
By balance, remaining on the 31st December, 1807, viz:
  In the hands of the treasurer of the mint, cents, 12,500
    Ditto, do. do. half cents, 167,000
------------ 2,800 0 0 960 00
  Copper planchettes, 13,611 1 7 4,666 67
  In the hands of the chief coiner, copper planchettes, 47,357 9 9 16,236 95
  Profit and loss for this quantity of copper, unaccounted for, 3,780 8 13
-------------- --------------
768,889 2 2    248,338 50 0
-------------- --------------
768,889  2  2             248,338 50

Note.— The loss on copper arises principally from planchettes spoiled in the striking, and which are used for alloy. Also, whenever the planchette weighs more than seven penny-weights.

Comptroller’s Office, April 23d, 1808.

ANDREW ROSS. Clerk.

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, from the commencement of the institution to the 31st December, 1807.

Value of gold, silver, and copper coins made at the mint to the 31st December, 1806, $5,437,657 72
  Do.   of gold coins made from the 1st January, to 31st December, 1807, per statement A, $437,495 00
  Do.   of silver coins             do.        do.       do.            do. 597,448 75
  Do.   of copper coins           do.        do.       do.            B, 9,052 21
---------------- 1,043,995 96
----------------
Total value of gold, silver, and copper coins, $6,481,653 68
===========
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1806, per account rendered, 282,600 67
Add amount gained on the coinage of copper, to the same period, 31,092 57
----------------
313,693 24
From the above deduct amount wastage on gold and silver coinage, to same period, 21,549 33
----------------
282,143 91
Add amount retained from deposites, 3,110 59
---------------- 295,254 50
Add amount disbursed, on account of the establishment, from the 1st January to the 31st December, 1807, 22,017 32
Add amount of wastage on gold and silver coinage, to 31st December, 1806, as above, 21,549 33
Do.              do.                   do.              from 1st January to 31st Dec. 1807, 3,567 51
----------------
25,116 84
From the above deduct the amount retained from deposites, to 31st December, 1806, $3,110 59
Also, amount retained from deposites, from the 1st January to 31st December, 1807, 384 27½
---------------- 3,494 86½
---------------- 21,621 97½
----------------
338,893 79½
Deduct amount gained on the coinage of copper, from the commencement of the institution to the 31st December, 1807, per statement herewith, marked B, 33,763 37
----------------
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to the 31st December, 1807, including the cost of lots, buildings, machinery, &c. $305,130 42½

Comptroller’s Office, April 23, 1808.

ANDREW ROSS. Clerk.