25th Congress,
3d Session.
[Senate.]
[142]

REPORT
from
THE SECRETARY OF THE TREASURY,

Transmitting
In compliance with a resolution of the Senate, statements showing the imports and exports of specie, and the amount of gold coinage, since June, 1834, and the average circulation of the notes of the late Bank of the United States.


January 28, 1839.

Read, and ordered to be printed, and that 5,000 additional copies be furnished for the use of the Senate.


Treasury Department, January 25, 1839.

Sir: In obedience to the resolution of the Senate of the 20th December last, I have the honor to submit the following statements:

“1st. Imports and exports of specie since the passage of the act for correcting the standard of the gold coins of the United States, and for admitting the silver coins of Mexico and other countries to legal circulation within the United States, passed June, 1834.” (A.)

“2d. Amount of gold coinage since June, 1834.” (B.)

“3d. The annual average amount of the notes of the late Bank of the United States, in circulation during the existence of that bank.” (C.)

I am, very respectfully, your obedient servant,

LEVI WOODBURY,
Secretary of the Treasury.

Hon R. M. JOHNSON,
Vice President of the United States
and President of the Senate.


A.

Statement exhibiting the value of bullion and specie imported and exported from the 1st of July, 1834, to the 30th of September, 1838.

Period. Imported. Exported. Exported as American Coin.*
Bullion. Specie. Bullion. Specie.
Gold. Silver. Gold. Silver. Gold. Silver. Gold. Silver.
1834, 1st July to 30th Sept. $147,181  $168,330  $2,786,006  $3,246,069 $64,349 $413,681 $100,500
1835, year ending 30th Sept. 655,457 765,283 1,669,739 10,040,968 625,679 5,122,495 729,601
1836, year ending 30th Sept.  1,913,137 318,350 5,318,725 5,850,669  $25,777  $52,695 275,940 3,624,186 345,738
1837, year ending 30th Sept. 536,549 594,291 1,895,265 7,490,309 101,563 5,600  1,828,653  2,756,914  1,283,519
1838, year ending 30th Sept. 230,694 392,843 11,431,840 5,630,138 2,500 736,264 2,292,342 468,343
* That which appears as “American coin exported” is partly foreign, the collectors not being able to distinguish the amount of domestic from the foreign coin.

Treasury Department, Register’s Office, January 24, 1839.

T. L. SMITH, Register.


B.

Statement exhibiting the value of bullion and specie imported and exported from the 1st of July, 1834, to the 30th of September, 1838.

Mint of the United States, January 21, 1839.

Sir: In your letter of the 24th ultimo you ask me to furnish you, as soon after the expiration of the year as practicable, with all the information in my possession necessary to enable you to furnish to the Senate, in compliance with their resolution of the 20th of December last, a statement showing “the amount of gold coined at the Mint and its branches since the gold bill of 1834 took effect, distinguishing the bullion from which the same was coined, so as to show how much was coined from foreign gold, how much from United States coins of the former standard, and how much from gold of the United States mines.”

In obedience to your instructions I have the honor of submitting to you the subjoined statement, which will be found to comprise all the information asked of me. It is proper to mention that although the coinage under the gold bill of 1834 did not commence until the 1st of August, it comprehended all the gold deposites made after the 1st of June, and these are, accordingly, included in the statement.

I am, sir, with great respect, your faithful servant,

R.M. PATTERSON, Director of the Mint.

Hon Levi Woodbury,
Secretary of the Treasury.


Statement showing the amount of gold coined at the Mint and its branches from August 1, 1834, to December 31, 1838; also the kinds of bullion from which it was coined.

Periods. Gold coinage. Deposites of foreign gold. Deposites of United States coins of former standard. Deposites of United States bullion. Total deposites.
Five months in 1834   $3,570,725  $2,354,408  $1,067,000   $583,709  $4,005,117
1835 2,186,175 986,000 160,500 698,500 1,845,000
1836 4,135,700 3,612,000 5,000 467,000 4,084,000
1837 1,148,305 841,200 21,800 282,000 1,145,000
Mint and branches 1838 1,809,595 1,497,400 5,000 435,100 1,937,500





Total 12,850,500 9,291,008 1,259,300 2,466,309 13,016,617

R.M. PATTERSON, Director of the Mint.

C. Annual. average amount of notes of the Bank of the United States in circulation in each year from. 1817 to 1837.

C.

Annual average amount of notes of the Bank of the United States in circulation in each year from 1817 to 1837.

Year.   Amount.
1817 $4,182,321
1818 8,672,671
1819 4,973,495
1820 4,410,032
1821 5,570,457
1822 5,405,626
1823 4,463,953
1824 5,654,645
1825 8,541,553
1826 9,712,328
1827 9,671,369
1828 10,897,073
1829 13,017,709
1830 14,937,546
1831 18,610,303
1832 20,309,369
1833 18,745,439
1834 16,945,810
1835 21,945,921
To March 4, 1836  21,664,001

Average for eight years, from 1817 to 1824, inclusive, $5,416,687.

Average for eleven years and two months, from 1825 to March, 1836, $14,949,560.

Average for the time the bank was in operation under the charter granted by Congress, namely, nineteen years and eleven months, $10,971,134.