View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Doc.
Session.

No.

74.

L

J

Ho. or REPS.
Executive.

OPERATIONS OF T H E MINT—1834.
MESSAGE
TROX .

THE PRESIDENT OF THE UNITED STATES,
TRAHSMITTIXG

A report of the Director of the Mint, in relation to the operations of
that institution during the year 1834.
JANUARY 12,

1835.

Read, and laid upon the table.
WASHINGTON,

January 10, 1835.

SIR : I herewith transmit to the House of Representatives a report
from the Director of the Mint, exhibiting the operations of that institution
during the year 1834.
ANDREW JACKSON.
The Hon. the SPEAKER of the House of Representatives.
I :*i±-.i««fc

M I N T OF T H E U N I T E D

STATES,

—•" -u_, i. -...
Philadelphia, January 1, 1835.
SIR : I have now the honor to submit a report of the general transactions of the mint during the last year.
The coinage effected within that period amounts to $7,388,423; comprising $3,954,270 in gold coins; $3,415,002 in silver; $19,151 in copper; and consisting of 11,637,643 pieces of coin, viz.
ng
$3,660,845
Half eagles
732,169 pieces, r
293,425
Quarter eagles
117,370
do
3,206,002
Half dollars
- 6,412,004
do
71,500
Quarter dollars
286,000
do
63,500
635,000*
do
Dismes
74,000
- 1,480,000
do
Half dismes
18,551
Cents
- 1,855,100
do
600
120,000
do
Half cents
11,637,643

$7,388,423

The deposites of gold within the past year have amounted, in round
numbers, to $4,389,000; of which about $1,067,000 consisted of coins of
the United States, issued previously to the act of 28th June, establishing
[Gale9 &. Seaton, print.]



2

[ Doc. No. 74. ]

a new ratio of gold to silver: about $898,000 were derived from the gold
regions of the United States; $225,000 from Mexico, South America,
and the West Indies; $2,180,000 from Europe ; $12,000 from Africa;
and $9,000 from sources not ascertained. Of the amount received from
Europe, about four-fifths were in foreign coins.
The coinage of gold under the new ratio commenced on the first day
of August, the earliest period permitted by the act. In anticipation,
however, of a change in the legal valuation of gold, it had been considered proper to suspend the coinage of all deposites received after the 1st
June. Previously to this period, the sum of $383,545 had been coined, so
that, of the above amount of the gold coinage for the past year, $3,570,725
consist of coins of the new standard. This amount, however, is the result of the operations of the mint during only five months of the year, corresponding to an amount, for a full year, of about 8£ millions in gold.
Within the same period, the coinage of silver was regularly maintained
at the average rate of the whole year, making a general result of both
gold and silver corresponding to a yearly coinage of nearly $12,000,000.
The amount in gold in the vaults of the mint on the 1st August was
$468,500; the amount now remaining in the mint uncoined is $435,000;
no part of which was deposited earlier than the 9th December. The
amount of silver remaining in our vaults for coinage, is, in round numbers, $475,000; no part of which was deposited earlier than the 20th
November.
The amount of silver coined within the past year, it is satisfactory to
state, has exceeded by about a quarter of a million the silver coinage of
any previous year; while the gold coinage has exceeded the aggregate
coinage of gold during the nine preceding years, from 1825 to 1833, inclusive.
The influx of silver during the past year having very considerably exceeded the amount contemplated in the estimates for the year, occasioned, during a large portion of that period, an unusual retardation in the delivery of coins; and the amount of depoeites has no doubt been restrained,
to some extent, by this consideration. The estimate for the current year,
it is believed, will cover the power required to meet the whole demand
for coinage, in a due proportion of the several denominations of coin.
Annexed is a table exhibiting the amount of gold received from the
gold region of the United States, annually, from the year 1824, inclusive.
It will be observed that the progressive increase in the amount received
from that quarter is less conspicuous within the last year. This results,
it is believed, in a very material degree, from the attention which has,
during that period, been directed to arrangements for working the veins
from whence have been derived those superficial deposites of gold, which,
being most obvious, have heretofore attracted the principal regard.
Nothing has occurred to weaken the impression before entertained as to
the extent and richness of the gold mines of the United States, but much
to confirm the confidence before expressed, not merely in their increasing
productiveness, but in their permanency.
I have the honor to be,
With great respect,
Your obedient servant,
SAM. MOORE, DirectorThe PRESIDENT of the United States.



STATEMENT

of the amount of gold produced annually from the gold region of the United States, from the year 1824
to 1834, inclusive.

Virginia.

1824
1825
1826
1827
1828
1829
1830
1831
1832
1833
1834

_

North Carolina.

South Carolina.

Georgia.

Tennessee.

Alabama.

2,500
24,000
26,000
34,000
104,000
62,000

5,000
17,000
20,000
21,000
46,000
134,000
204,000
294,000
458,000
475,000
380,000

3,500
26,000
22,000
45,000
66,000
38,000

212,000
176,000
140,000
216,000
415,000

1,000
1,000
7,000
3,000

1,000

252,500

2,054,000

200,500

1,159,000

12,000

1,000

-




-

—
—

—
-

-

—

Total.

5,000
17,000
20,000
21,000
46,000
140,000
466,000
520,000
678,000
868,000
898,000
3,679,000

f