12th Congress.
No. 374
1st Session.

MINT.

Communicated to the House of Representatives, April 13, 1812.

Treasury Department, April 10, 1812.

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, April 9, 1812.

Sir:

The statements herewith, marked A, B, and C, have been prepared pursuant to the seventh section of an act of Congress, passed 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 afford.

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

RICHARD RUSH.

Honorable Albert Gallatin, Secretary of the Treasury.

A.

Statement exhibiting the balance of Gold and Silver remaining in the hands of the officers of the Mint on the 31st December, 1810; the amount of deposites from the 1st of January to the 31st of December, 1811; 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, 1811, to be accounted for on a future settlement.

Amount paid for deposites of gold, from 1st January to 31st December, 1811,  Oz.  Dwt. Gr. Dolls. Cts. M.
Balance of gold bullion, &c. remaining in the hands of the officers of the mint on the 31st December, 1810, 873 11 20 15,528 73 5
Gold bullion deposited from 1st January to 31st December, 1811, 28,170 03 20 500,803 18 0
29,043 15 16 516,331 91 5
Amount paid for deposites of gold, from 1st January to 31st December, 1811, 477,170 24 5
Add gold coins in the hands of the treasurer of the mint on the 31st December, 1811, 31,877 35 0
Dolls. Cts. M. 509,947 59 5
Deduct this sum, being a balance of gold coins in the Bank of the United States on the 31st December, 1810, 9,788  47 5
And this sum, being amount of treasury warrant No. 3,235, issued to cover wastage in the coinage of gold, 1,354 12 0
11,142 59 5
oz.  dwt. gr.
Gold coins made at the mint from January 1 to December 31, 1811, viz: half eagles, 99,581. Weight and value, 28,007 03 03 497,905 00 0
Gold bullion in the hands of the officers of the mint on 31st December, 1811, 928 05 05 16,500 40 5
Profit and loss for this sum, allowed for wastage in the year 1811, 108 07 08 1,926 51 0
As above, 29,043 15 16 516,331 91 5
Balance of silver bullion, &c. remaining in the hands of the officers of the mint, on the 31st December, 1810, 50,079 09 00 57,782 97 0
Silver bullion deposited from 1st January to 31st December, 1811, 620,699 03 00 716,191 18 5
670,778 12 00 773,974 15 5
Amount paid for deposites of silver, from 1st January to 31st December, 1811, 613,234 77 5
Add silver coins in the hands of the treasurer of the mint on 31st December, 1811, 25 0
Dolls. Cts. M. 613,235 02 5
Deduct this sum, being a balance of silver coins in the Bank United States on 31st December, 1810, 2,508 49 0
Also, this sum, being amount of treasury warrant No. 3,235, issued to cover wastage in the coinage of silver, 2,386 53 5
4,895 02 5
oz.  dwt. gr.
Silver coins made at the mint, from January 1 to December 31, 1811, viz: half dollars 1,403,644; dimes, 65,180. Weight and value, 527,228 00 00 608,340 00 0
Silver bullion in the hands of the officers of the mint on 31st December, 1811, 141,373 07 07 163,121 96 5
Profit and loss for this sum, allowed for wastage in the year 1811, 2,177 04 17 2,512 19 0
As above, 670,778 12 00  773,974 15 5

Comptroller’s Office, March 23, 1812.

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, 1811.

Dr. Cr.
To amount of rough copper and copper planchettes,
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, 1810, per statement marked B, accompanying the Comptroller’s letter of the 2d March, 1811, 823,333  7  8 229,523 22 0
By amount of rough copper and copper planchettes, accounted for from the 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, 1810, per statement accompanying the Comptroller’s letter of the 2d March, 1811, 803,179 5 04 261,391  41  0
Amount of cents and half cents charged by the secretary of the mint, as delivered to the Treasurer of the United States, during the year 1811, viz:
In the quarter ending March 31, $2,300 00
In the quarter ending June 30, 2,650 00
In the quarter ending September 30, 340 95
$5,290 95
Add this sum, passed to the credit of the treasurer of the mint at the treasury, more than he claimed or acknowledged to have received from the chief coiner, being an error in counting cents and half cents at the mint, remitted to the United States’ Branch Bank at Boston, 3 78
Deduct this sum, charged by the treasurer of the mint, more than he received from the chief coiner, or to which the chief coiner was entitled to credit, being an error in counting cents and half cents, remitted to the bank of Columbia, 95
2 83
15,440 2 06 5,293 78 0
818,619 7 10 266,685 19 0
Profit and loss for this amount, being planchettes spoiled in striking, and used as alloy in refining gold and silver, 362 8 18 124 37 0
Also, this sum, allowed as a credit to the chief coiner, in order to balance his accounts, said to be the difference in the planchettes weighing more than 7 dwts. to a cent, 131 9 09 45 18 5
Loss this year, 494 6 07 169 55 5
To amount of rough copper and copper planchettes, Dolls. Cts. M.
Balance gained on the coinage of copper since the commencement of the institution, 37,161 97 0
823,333  7  8 266,685 19 0

Comptroller’s Office, March 20, 1812.

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, 1811.

Dollars.  Cents. Dollars.  Cents.
Value of gold, silver, and copper coins, made at the mint to 31st December, 1810, 9,477,614 71.0
Do. of gold coins made from 1st January to 31st December, 1811, per account A, 497,905 00
Do. of silver coins made from 1st January to 31st December, 1811, per said account, 608,340 00
Do. of copper coins made from 1st January to 31st December, 1811, per account B, 5,293 78
1,111,538 78.0
Total value of gold, silver, and copper coins, 10,589,153 49.0
Nett charge on the coinage of gold, silver, and copper, to 31st December, 1810, per account rendered, 380,582 58.5
Add amount gained on the coinage of copper to the same period, 37,331 52.5
417,914 11.0
From the above, deduct amount of wastage on gold and silver to the same period, $35,431 11.5
To the above, add the amount retained from deposites to the same period, 4,063 17.5
31,367 94.0
386,546 17.0
Add amount disbursed on account of the establishment from 1st January to 31st December, 1811, 24,506 28.0
Add, also, amount of wastage on gold and silver to 31st December, 1810, 35,431 11.5
Do.      do.      on gold and silver from 1st January to 31st December, 1811,   4,438 70.0
39,869 81.5
From the above, deduct amount retained from deposites to 31st December, 1810, $4,063 17.5
Also, the amount retained from deposites from 1st January to 31st December, 1811, 358 27.5
4,421 45.0
35,448 36.5
446,500 81.5
Deduct amount gained on the coinage of copper from the commencement of the institution to the 31st December, 1811, as per statement herewith, marked B, 37,161 97.0
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to the 31st December, 1811, including the cost of lots, buildings, machinery, &c. 409,338 84.5

Comptroller’s Office, March 26, 1812.

ANDREW ROSS, Clerk.