10th Congress.
No. 299
2d Session.

MINT.

Communicated to the House of Representatives, March 3, 1809.

Treasury Department, March 2, 1809.

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 Honorable the Speaker of the House of Representatives.

. . . . . . . .

Treasury Department, Comptroller’s Office, March 1st, 1809.

Sir:

The statements accompanying this, marked A, B, and C, have been prepared pursuant to the seventh section of an act of Congress, passed on the 2d day 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, 1807; the amount of deposites from 1st January to 31st December, 1808; the different species of coins made and paid on account of deposites, allowances for wastage, and the balance remaining in the hands of the officers of the Mint on the said 31st December, 1808, to be accounted for on a future settlement.

Ounces. Dwt. Gr. Dolls. Cts. M.
Balance of gold bullion, &c. remaining in the hands of the officers of the mint December 31, 1807, 699 5 11 11,896 90 0
Gold bullion deposited from 1st January to 31st December, 1808, 15,526 9 21 276,026 37 0
---------------- ----------------
16,195 15 08 287,923 27
============ ============
Amount paid for deposites of gold, from 1st January to 31st December, 1808, 298,014 17 5
Add gold coins in the hands of the treasurer of the mint on the 31st December 1808, 23,618 72 0
----------------
321,632 89 5
Deduct this sum, being a balance of gold coins remaining in the Bank of the United States on the 31st December, 1807, $35,943 38 0
Also, this sum, being so much of treasury warrant No. 122, issued to cover wastage in the coinage of gold during the year 1807, 1,024 51 5
---------------- 36,967 89 5
----------------
oz. dwt. gr.
Gold coins made at the mint from January 1 to December 31, 1808, viz: half eagles, 55,578, and quarter eagles, 2,710, weight and value, 16,012 08 3 284,665 0 0
Gold bullion in the hands of the officers of the mint on 31st December, 1808, 124 07 18 2,209 86 5
Profit and loss for this sum allowed for wastage in the coinage of gold in the year 1808, 58 19 11 1,048 40 5
---------------- ----------------
As above, 16,195 15 8 287,923 27 0
============ ============
Balance of silver bullion, &c. remaining in the hands of the officers of the mint, December 31st, 1807, 163,409 03 9 188,548 33 0
Silver bullion deposited from 1st January to 31st December, 1808, 623,760 14 0 719,723 77 0
---------------- ----------------
787,169 17 9 908,272 10 0
============ ============
Amount paid for deposites of silver, from 1st January to 31st December, 1808, 675,149 29 5
Add silver coins in the hands of the treasurer of the mint on 31st December, 1808, 11,691 90 5
----------------
686,841 20 0
Deduct this sum, being a balance of silver coins in the Bank United States on the 31st December, 1807, $382 48 0
Also, this sum, being so much of treasury warrant No. 122, issued to cover wastage in the coinage of silver during the year 1807, 2,158 72 0
---------------- 2,541 20 0
----------------
oz. dwt. gr.
Silver coins made at the mint, from January 1 to December 31, 1808, viz: half dollars 1,368,600, weight and value, 593,060 00 00 684,300 0 0
Silver bullion in the hands of the officers of the mint on 31st December, 1808, 192,023 15 6 221,565 06 0
Profit and loss for this sum, allowed for wastage in the coinage of silver, in the year 1808, 2,086 2 3 2,407 04 0
---------------- ----------------
787,169 17 9    908,272 10 0
============ ============

Comptroller’s Office, February 27, 1809.

G. DUVALL, Comptroller.

B.

The Mint of the United States in account of Copper purchased, coined from the commencement of the Institution to the 31st December, 1808, with the United States.

Dr. Cr.

Avoirdupois
weight.		 Troy weight.
Cost of
copper.
lbs. oz.   lbs. oz. grs. Dolls. Cts.
To amount of rough copper and copper planchettes, purchased from the commencement of the institution to the 31st December, 1807, per statement marked B, accompanying the Comptroller’s letter of the 23d April, 1808, 768,889 2 2 214,575 13
Deduct this sum, being so much overcharged on the cost of copper in the annual statement for the year ending December 31, 1805, it then appearing by the treasurer’s account, that a certain insurance on copper that had been made at the rate of two per cent, ought to have been made at the rate of two guineas; but, it now appears, that two per cent. was correct. (See the 2d quarterly account of the mint for the year 1808,) $16 71
Also, this sum, received of David Stewart and Son’s protested bill, charged to copper coinage in the year 1801. (See the same quarterly account) 949 23
------------ 965 94
----------------
213,609 19
Add this sum, being a deduction on an invoice of copper, say on £3,756 3s. 7d. sterling, instead of on £3,546 11s. 7d. at 2½ per cent. (See the fourth quarterly account for the year 1808,) 23 52
----------------
213,632 71
Balance, being the amount gained in the coinage of the copper since the establishment, 34,705 79
Troy weight. Value of copper at the rate of 7 dwt. to a cent.
lbs.  oz. dwt. Dolls. Cts.
By amount of rough copper and copper planchettes, accounted for per statement marked B, accompanying the Comptroller’s letter of 23d April, 1808, 701,339 6 13 226,474 88
By amount of cents and half cents charged by the treasurer of the mint, as delivered to the Treasurer of the United States, during the year 1808, viz:
Cents. Half Cts.
  In the 1st quarter, 105,000  and  24,000 equal to $1,170 00
2d do. 133,500 and 73,000 do. 1,700 00
3d do. 481,000 and 20,000 do. 4,910 00
4th do. 239,500 and 93,070 do. 2,860 35
------------ 31,034 4 5 10,640 35
Balance on 31st December, 1808, viz:
Cents and half cents in the hands of the treasurer of the mint; cents, 162,500, and half cents, 356,930, equal to, 9,944 9 15 3,409 65
Copper planchettes, fit for striking, in the hands of the chief coiner, 9,178 7 9 3,146 95
Copper planchettes in the hands of the treasurer of the mint on the 31st December, 1807, which does not appear to have been paid over to the chief coiner in his accounts before me, the one for the 4th quarter 1808 being wanting, 13,611 1 7 4,666 67
Profit and loss for this quantity of copper unaccounted for, 3,780 8 13
-------------- --------------
768,889 2 2    248,338 50
-------------- --------------
768,889  2  2       248,338 50

Comptroller’s Office, February 28, 1809.

G. DUVALL, Comptroller.

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, 1808.

Dollars. Cents. Dollars. Cents.
Value of gold, silver, and copper coins, made at the mint to the 31st December, 1807, 6,481,653 68
Do. of gold coins made from 1st January to 31st December, per account herewith, marked A, 284,665 00
Do. of silver coins made from 1st January to 31st December, per said account A, 684,300 00
Do. of copper coins made from 1st January to 31st December, per account marked B, 10,640 35
---------------- 979,605 35
----------------
Total value of gold, silver, and copper coins, 7,461,259 03
===========
Nett charge on the coinage of gold, silver, and copper, to 31st December, 1807, per account rendered, 305,130 42.5
Add amount gained on the coinage of copper to the same period, do. 33,763 37
----------------
338,893 79.5
From the above, deduct amount wastage on gold and silver coinage to the same period, do, $25,116 84
Add to the same, the amount retained from deposites, do, 3,494 86.5
---------------- 21,621 97.5
---------------- 317,271 82
Add amount disbursed on account of the establishment from 1st January to 31st December, 1808, 21,416 29
Add, also, amount of wastage on gold and silver to 31st December, 1807, 25,116 84
Do. do. from 1st January to 31st December, 1808, 3,455 44.5
----------------
28,572 28.5
From the above, deduct amount retained from deposites to 31st December, 1807, $3,494 86.5
Also, amount retained from 1st January to 31st December, 1808, 250 63.5
---------------- 3,745 50
---------------- 24,826 78.5
----------------
363,514 89.5
Deduct amount gained on the coinage of copper from the commencement of the institution to the 31st December, 1808, per statement herewith, marked B, 34,705 79
----------------
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to the 31st December, 1808, including the cost of lots, buildings, machinery, &c. $328,809 10.5

Comptroller’s Office, March 1, 1809.

G. DUVALL, Comptroller.