TRANSACTIONS AT THE MINT IN 1825.

Communicated to the House of Representatives March 1, 1826.

Treasury Department, February 14, 1826.

Sir: I have the honor to transmit herewith three statements, marked A, B, C, which have been prepared by the Comptroller of the Treasury pursuant to the 7th section of an act of Congress, passed on the 2d of April, 1792, entitled “An act establishing a Mint and regulating the coins of the United States.”

These statements contain all the information relative to the transactions of the Mint which the settlements made at the Treasury afford.

I have the honor to remain, with the highest respect, your obedient servant,

RICHARD RUSH.

The Hon. the Speaker, of the House of Representatives.

A.

Statement exhibiting the balance of the gold and silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1824; the amount deposited from January 1 to December 31, 1825; the different species of coins made and paid on account of deposits; allowances for wastage, and the balance remaining in the hands of the officers of the Mint on the 31st December, 1825, to be accounted for on a future settlement, viz:

GOLD.	Oz. dwts.grs.
Balance of gold bullion remaining in the hands of the officers of the Mint on the 31st December, 1824	499	1	6	$8,866	22
Gold bullion deposited from January 1 to December 31, 1825	8,818	16	7	156,778	93½
Amount deposited in the Bank of the United States on the 31st of
Total	9,317	17	13	165,645	15½

Amount paid for deposits of gold from January 1 to December 31, 1825				157,305	93
Amount deposited in the Bank of the United States on the 31st December, 1825				144	76

				157,450	69
Deduct as follows:
Amount deposited in the Bank of the United States December 31, 1824				1,065	69

				156,385	00

Gold coins made at the Mint from January 1 to December 31, 1825 — 4,434 quarter and 29,060 half eagles	8,792	13	3	156,385	00
Allowances to the melter and refiner and chief coiner for wastage for same period	22	4	10	395	03
Gold bullion in the hands of the officers of the Mint on the 31st December, 1825	499	0	0	8,865	12½

As above	9,317	17	13	165,645	15½

SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1824	258,553	13	7	298,332	79
Silver bullion deposited from January 1 to December 31, 1825	1,209,099	4	0	1,395,113	97

	1,467,652	17	7	1,693,446	76

Amount paid for deposits of silver from January 1 to December 31, 1825				1,564,720	14½
Amount deposited in the Bank of the United States 31st December, 1825				100	02

				1,564,820	16½
Deduct as follows:
Amount in the Bank of the United States on the 31st of December, 1824				237	16½

				1,564,583	00

Silver coins made from January 1 to December 31, 1825 — 510,000 dimes, 168,000 quarter dollars, 2,943,166 half dollars	1,355,971	19	2	1,564,583	00
Allowances to melter and refiner and chief coiner for wastage for same period	2,939	7	7	3,391	56½
Silver bullion in the hands of the officers of the Mint December 31, 1825	108,741	10	22	125,472	19½

As above	1,467,652	17	7	1,693,446	76

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 4, 1826.

B.

The Mint of the United States in account for copper purchased from the commencement of the institution to December 31, 1825.

Dr.

Cr.

To amount of rough copper and copper	Troy weight.			Cost of copper.
	lbs. oz. dwt.
To amount of rough copper and copper planchets purchased from the commencement of the institution to December 31, 1824, per statement marked B, accompanying the Comptroller’s letter of February 18, 1825	1,594,314	4	14	$418,445	50
To cost of 67 casks of copper half cent planchets purchased of Matthew R. Boulton, and charged in the third quarter of 1825, received by the ships Montezuma and Algonquin, weighing 22,400 pounds avoirdupois	27,222	2	13	6,810	43
To loss in exchange on remittances to Matthew R. Boulton, in payment for copper, as charged the third quarter of 1825				385	98

Amount and cost of copper	1,621,536	7	7	425,641	91
To amount gained on coinage				118,647	17

By amount of rough copper and copper	Troy weight.			Value of copper, at the rate of 7 dwts. to a cent.
	lbs. oz. dwt.
By amount of rough copper and copper planchets accounted for from the commencement of the institution to December 31, 1824, per statement marked B, accompanying the Comptroller’s letter of February 18, 1825	1,520,429	4	00	$508,799	67
By amount of cents deposited by the Treasurer of the Mint to the credit of the Treasurer of the United States in the year 1825	56,864	0	15	19,496	25
By amount in copper lost by the insolvency of W. Stern, doorkeeper, in cents intrusted with him for distribution, covered by warrant of the Director of the Mint, as charged in the third quarter of 1825 — 17,622 cents	513	1	14

Amount accounted for	1,577,806	6	9	528,295	92
Balance on hand December 31, 1825:
In hands of the Treasurer of the Mint, coined	14,868	11	4	5,097	92
In hands of the chief coiner, uncoined	28,861	1	14	9,895	24

	1,621,536	7	7	543,289	08

			Cost of copper.

1,621,536	7	7	543,289	08

LUND WASHINGTON, Clerk.

Comptroller’s Office, February 3, 1826.

C.

Summary statement exhibiting the value of the coins made at the Mint; the amount of disbursements on account of the establishment; the amount allowed for wastage; the amount retained of deposits; and the amount gained on the coinage of copper, from the commencement of the institution to the 31st of December, 1825, viz:

Value of gold, silver, and copper coinage up to December 31, 1824					$23,650,502	71
Gold coins made from January 1 to December 31, 1825, per account A			$156,385	00
Silver coins made from January 1 to December 31, 1825, per account A			1,564,583	00
Copper coins made from January 1 to December 31, 1825, per account B			19,496	25
					1,740,464	25

Total value of gold, silver, and copper					25,390,966	96

Net charge on the coinage of gold, silver, and copper, to December 31, 1824			532,795	82½
Add amount gained on the coinage of copper to the same period			115,686	47

			648,482	29½
From which deduct:
Amount wastage on gold and silver to December 31, 1824	$83,199	49
Also amount wastage from January 1 to December 31, 1825	3,786	59½
			86,986	08½
					561,496	21
Add amount disbursed on account of the establishment from January 1 to December 31, 1825					22,993	07
Add, also, the amount wastage on gold and silver to December 31, 1825			86,986	08½
From the above deduct:
The amount retained from deposits to December 31, 1824	$13,183	74½
Also, this sum from January 1 to December 31, 1825	2,199	12½
			15,382	87
					71,603	21½

					656,092	49½
Deduct amount gained on the coinage of copper from the commencement of the institution to December 31, 1825					118,647	17

Net amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to December 31, 1825, including the costs of lots, buildings, and machinery					537,445	32½

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 2, 1826.