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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