11th Congress.
No. 350
3d Session.

MINT.

Communicated to the House of Representatives, March 2, 1811.

Treasury Department, March 2, 1811.

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 April 2d, 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 2, 1811.

Sir:

The statements herewith, marked A, B, and C, have been prepared pursuant to the seventh section of an act of Congress, passed 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 at the treasury enable me to give.

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

G. DUVALL.

Honorable Albert Gallatin.

A.

Statement exhibiting the balance of Gold and Silver remaining in the hands of the officers of the Mint on the 31st December, 1809; the amount of deposites from the 1st of January to the 31st of December, 1810; 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, 1810; to be accounted for on a future settlement.

Amount paid for deposites of gold, from 1st January to 31st December, 1810,    Oz.  Dwt. Gr. Dolls. Cts. M.
Balance of gold bullion, &c. remaining in the hands of the officers of the mint December 31, 1809, 2,712 9 6 48,219 99 0
Gold bullion deposited from 1st January to 31st December, 1810, 25,053 16 17 445,401 30 0
27,766 5 23 493,621 29 0
Amount paid for deposites of gold, from 1st January to 31st December, 1810, 489,679 20 0
Add gold coins in the hands of the treasurer of the mint on the 31st December, 1810, 9,788 47 5
499,467 67 5
Deduct this sum, being a balance of gold coins in the Bank of the United States on the 31st December, 1809, 21,576 71 5
Also, this sum, being amount of treasury warrant No. 2,262, issued to cover wastage during the year 1810, 1,335 96 0
22,912 67 5
Gold coins made at the mint from January 1 to December 31, 1810, viz: half eagles, 476,555. Weight and value, 26,806 4 9 476,555 00 0
Gold bullion in the hands of the officers of the mint on 31st December, 1810, 873 11 20 15,528 73 5
Profit and loss for this sum, allowed for wastage in the year 1810, 86 9 18 1,537 55 5
As above, 27,766 5 23 493,621 29 0
Balance of silver bullion, &c. remaining in the hands of the officers of the mint, December 31st, 1809, 50,762 17 23 58,565 87 0
Silver bullion deposited from 1st January to 31st December, 1810, 555,000 9 0 640,385 5 0
605,763 6 23 698,950 92 0
Amount paid for deposites of specie, from 1st January to 31st December, 1810, 668,012 85 0
Add silver coins in the hands of the treasurer of the mint on 31st December, 1810, 2,508 49 0
670,521 34 0
Deduct this sum, being a balance of silver coins in the Bank United States on 31st December, 1809, 26,978 50 00
Also, this sum, being amount of treasury warrant No. 2,262, issued to cover wastage during the year 1810, 4,769 34 00
31,747 84 0
Silver coins made at the mint, from January 1 to December 31, 1810, viz: dimes, 6,355, half dollars 1,276,276. Weight and value, 554,103 14 00 638,773 50 0
Silver bullion in the hands of the officers of the mint on 31st December, 1810, 49,584 9 00 57,782 97 0
Profit and loss for this sum, allowed for wastage in the year 1810, 2,075 3 23 2,394 45 0
As above, 605,763 6 23  698,950 92 0

Comptroller’s Office, February 28, 1811.

ANDREW ROSS, Clerk.

B.

The Mint of the United States, in account of Copper purchased and coined, from the commencement of the Institution to the 31st of December, 1810.

Dr. Cr.
To amount of rough copper and copper planchettes, purchased
Troy weight.

 Cost of
copper.
  lbs. oz. dwt. Dolls. Cts. M.
To amount of rough copper and copper planchettes, purchased from the commencement of the institution to the 31st December, 1809, per statement marked B, accompanying the Comptroller’s letter of the 14th March, 1810, 823,333  7  8 229,523 22 0
Balance gained on the coinage of copper since the commencement of the institution, 37,331 52 5
By amount of rough copper and copper planchettes, accounted Troy weight. Value of Copper at the rate of 7 dwt. to a cent.
lbs.  oz. dwt. Dolls. Cts. M.
By amount of rough copper and copper planchettes, accounted for from the commencement of the institution to the 31st December, 1809, per statement accompanying the Comptroller’s letter of the 14th March, 1810, 756,104 5 4 245,251 41 0
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 1810, viz:
Cents.    Half Cts.
  In the 1st quarter,    329,500 97,000 equal to $3,780 00
2d do. 435,000   132,000 do. 5,010 00
3d 4,180 00
4th 3,170 00
47,075 0 0 16,140 0 0
803,179 5 4 261,391 41 0
Balance, remaining 31st December, 1810, viz:
In the hands of the treasurer of the mint, say cents, 214,000, and half cents, 131,000, 8,152 1 0 2,795 0 0
In the hands of the chief coiner, copper planchettes, fit for striking, 7,782 7 13 2,668 33 5
Profit and loss for this quantity of copper unaccounted for, 4,219  5 11
823,333  7   8 266,854 74 5
Dolls. Cts. M.
823,333  7  8 266,854 74 5
Note.—The treasurer of the mint has omitted to designate the cents from the half cents paid over the two last quarters.

Comptroller’s Office, February 27, 1811.

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, 1810.

Value of gold, silver, and copper coins, made at the mint to 31st December, 1809, 8,346,146 21
Do. of gold coins made from 1st January to 31st December, 1810, per account herewith, marked A, 476,555 00
Do. of silver coins made from 1st January to 31st December, 1810, per said account, marked A, 638,773 50
Do. of copper coins made from 1st January to 31st December, 1810, per account herewith, marked B, 16,140 00
1,131,468 50
Total value of gold, silver, and copper coins, 9,477,614 71
Nett charge on the coinage of gold, silver, and copper, to 31st December, 1809, per account rendered, 350,082 77
Add amount gained on the coinage of copper to the same period, do. 37,331 52.5
387,414 29.5
From the above, deduct amount of wastage on gold and silver to the same period, $31,599 11
To the above, add the amount retained from deposites to the same period, 3,871 83.5
27,727 27.5
359,687 02
Add amount disbursed on account of the establishment from 1st January to 31st December, 1810, 26,859 15
Add, also, amount of wastage on gold and silver to 31st December, 1809, 31,599 11
Do. do. from 1st January to 31st December, 1810, 3,832 00.5
35,431 11.5
From the above, deduct amount retained from deposites to 31st December, 1809, $3,871 83.5
Also, amount retained from deposites from 1st January to 31st December, 1810, 191 34
4,063 17.5
31,367 94
417,914 11
Deduct amount gained on the coinage of copper from the commencement of the institution to the 31st December, 1810, as per statement herewith, marked B, 37,331 52.5
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to the 31st December, 1810, including the cost of lots, buildings, machinery, &c. 380,582 58.5

Comptroller’s Office, March 1, 1811.

ANDREW ROSS, Clerk.