7th Congress.
No. 198
2d Session.

MINT.

Communicated to the House of Representatives, March 3, 1803.

Treasury Department, March 2d, 1803.   

Sir:

I have the honor to transmit, herewith, a letter from the Comptroller of the Treasury, of this date, 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 on the second of April, 1792.

I have the honor to be, very respectfully, sir, your obedient servant,

ALBERT GALLATIN.

The Hon. the Speaker of the House of Representatives.

. . . . . . . .

Treasury Department, Comptroller's Office, March 2d, 1803.   

Sir:

The statements marked A, B, C, and D, which are herewith laid before you, have been prepared pursuant to the seventh section of an act of Congress, of the second of April, 1792, entitled "An act establishing a mint, and regulating the coins of the United States." These statements contain all the information concerning the transactions of the mint, which the settlements made at the treasury enable me to give.

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

G. DUVALL.

The Hon. Albert Gallatin, Esq.

A.

Statement of appropriations made by law for the Mint establishment, for the year 1802, with the amount of warrants drawn by the Secretary of the Treasury on said appropriations.

Amount of warrants drawn on the Treasurer in favor of the mint, for the services for the year 1802, *$37,027  72
Balance unexpended on 1st January, 1803, 29,535  49
Balance of the several appropriations for the mint establishment, unexpended on the 1st January, 1802, $41,187  21
Acts respecting the mint, dated 27th May, 1796, and 24th April, 1800:
For amount of cents and half cents paid into the treasury in the year 1802, 14,476  00
An act making appropriations for the support of Government, for the year 1802, passed 1st May, 1802, 10,900  00
---------- ----------
$66,563  21 $66,563  21
*This sum includes a warrant for $4,000, drawn in January, 1803, which is accounted for by the treasurer of the mint in 1802; the unexpended balance, therefore, exhibited on the treasury books, is $33,535  49.

A - Continued.

Statement of appropriations made by law for the payment of the salaries of the officers and clerks of the Mint, for the year 1802.

Amount of warrants drawn on the Treasurer of the United States, for the salaries of the officers and clerks of the mint, for the year 1802, $10,600  00
Balance unexpended on the 1st January, 1803, 6  94
Balance unexpended on the 1st January, 1802, $6  94
An act making appropriations for the support of Government, for the year 1802, 10,600  00
---------- ----------
10,606  94 $10,606  94

A - Continued.

Statement of the application of moneys advanced from the Treasury of the United States, for the support of the Mint establishment, from the 1st January to the 31st December, 1802.

The moneys paid by the treasurer of the mint, on warrants drawn by him on the Director, and admitted by the accounting officers of the treasury of the United States, on the adjustment of his accounts, were as follow, viz:
Incidental and contingent expenses, and repairs of the Mint.
For six thousand eight hundred and sixty-two dollars and sixty-five cents, being the amount expended for the requisite repairs, apparatus, machines, wages of workmen, and other expenses:
Paid in the first quarter, $1,601  69
Paid in the second quarter, 1,626  64
Paid in the third quarter, 1,734  25
Paid in the fourth quarter, 1,900  07
Copper purchased for coinage. ---------- $6,862  65
For twenty thousand three hundred and forty-four dollars and seventy-six cents, being the amount of the cost and charges of copper purchased for coinage:
Pounds.
26,397 Purchased from 1st July to 30th September, 8,709  32
41,118 Purchased from 1st October to 31st December, 13,386  16
-------- Loss on three bills of exchange remitted to London for the purchase of copper, 167  68
67,515 ----------
22,263  16
9,591 Deduct this sum, being the amount of 9591 lbs. of rough copper sold, 1,811  63
--------
57,924
====== Also this sum gained on two bills of exchange remitted to London, 106  74
-------- 1,918  37
Salaries of the officers and clerks of the Mint. ---------- 20,344  79
Paid in the first quarter, 2,650  00
Paid in the second quarter, 2,650  00
Paid in the third quarter, 2,650  00
Paid in the fourth quarter, 2,650  00
Wastage in the coinage of Gold and Silver. ---------- 10,600  00
Applied to make good deficiencies arising from wastage in the coinage of gold and silver, per Auditor's report, No. 13,985, 1,792  99
Balance to be accounted for by the treasurer of the mint, on the 1st January, 1803, per report, No. 14,115, 10,085  17
Balance to be accounted for by Benjamin Rush, treasurer of the mint, on the 1st January 1802, $3,869  51
Advanced from the Treasury for said establishment, viz.
For the salaries of the officers and clerks, 10,600  00
For the purchase of copper, and the incidental and contingent expenses, $37,027  72
Deduct this sum, for which Tench Francis, late purveyor, is charged, 1,811  63
----------  35,216  09
---------- ----------
$49,685  60 $49,685  60

. . . . . . . .

Account of Cents and Half Cents paid into the Treasury of the United Slates, by the Treasurer of the Mint, in the year 1802.

Amount paid in the first quarter, $7,216
Do. second quarter, 4,080
Do. third quarter, 1,200
Do. fourth quarter, 1,980
----------
$14,476

Treasury Department, Register's Office, Feb., 18, 1803.

JOSEPH NOURSE, Register.

B.

An Abstract Statement of the settlement at the Treasury, of the accounts of the Treasurer of the Mint, from January 1st, to December 31st, 1802, exhibiting the balance, in bullion, for which he remained accountable on the last settlement, and also the deposites of Bullion, value of Coins paid, allowance for wastage, and balance remaining in the hands of the Officers of the Mint, and in the Bank of the United States.

PERIOD OF SETTLEMENT. BALANCE WHICH REMAINED TO BE ACCOUNTED FOR, DECEMBER 31, 1801, CONSISTING OF
FROM TO Gold in the hands of the Officers of the Mint, and Commissioners of Inspection. Silver in the hands of the Officers of the Mint, and Commissioners of Inspection. Coins in the Bank of the United States. Total value of balance.
Weight. Value. Weight. Value. Of Gold. Of Silver.
oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts.
January 1, 1802, December 31, 1802. 43 06 17 770 03½ 169 18 19 195 87 3 56 8,445 81 9,415 27½

B - Continued.

DEPOSITES IN STANDARD Total value of
Deposites.		 Total value of
Balance and
Deposites.
Gold. Silver.
Weight. Value. Weight. Value.
oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts. Dolls. Cts.
23,894 11 19 424,792 59 50,982 10 0 58,825 92 483,618 51 493,033 78½

B - Continued.

COINS OF GOLD AND SILVER MADE AT THE MINT.
Gold. Silver.
Weight. Eagles. Half
Eagles.		 Quarter
Eagles.		 Weight. Dollars. Half
Dollars.		 Dimes. Half
Dimes.
oz. dwt. gr. No. No. No. oz. dwt. gr. No. No. No. No.
23,811 3 18 15,090 53,434 1,654 50,563 18 16 41,650 29,890 10,995 13,010

B - Continued.

VALUE OF COINS PAID
AT THE MINT.		 Total value
of
Coins paid.
Gold. Silver.
Dolls. Cts. Dolls. Cts. Dolls. Cts.
423,383 88 66,819 52½ 490,203 40½

B - Continued.

ALLOWANCE FOR WASTAGE.
Gold. Silver. Total Value
of allowance
for Wastage.
Weight. Value. Weight. Value.
oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts.
89 12 13 1,593 36½ 211 2 12 243 60½ 1,836 97

B - Continued.

BALANCE TO BE ACCOUNTED FOR.
In the hands of the Chief Coiner.
Gold. Silver. Total Value.
Weight. Value. Weight. Value.
oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts.
28 19 6 461 32 177 17 12 205 00½ 666 32½

B - Continued.

BALANCE TO BE ACCOUNTED FOR.
In the hands of the Melter and Refiner.
Gold. Silver. Total Value.
Weight. Value. Weight. Value.
oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts.
0 14 20 12 94 186 19 0 215 69½ 228 63½

B - Continued.

BALANCE TO BE ACCOUNTED FOR.
In the hands of the Commissioners of Inspection, for Assay Pieces.
Gold. Silver. Total Value.
Weight. Value. Weight. Value.
oz. dwt. gr. Dolls. Cts. oz. dwt. gr. Dolls. Cts. Dolls. Cts.
10 8 3 185 00 12 11 3 14 48½ 187 23½

B - Continued.

BALANCE TO BE ACCOUNTED FOR.
Coins in the Bank of the United States. Total amount of balances to be accounted for.
Gold. Silver. Total Value. Gold. Silver. Total Value.
Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts. Dolls. Cts.
367 38½ 1,324 57 1,691 95½ 1,026 64½ 1,759 75½ 2,786 40

Treasury Department, Register's Office, February 18th, 1803.

JOSEPH NOURSE, Register.

C.

Mint of the United States, for Copper Coinage, shewing the amount purchased and coined, from the first of January to the 31st December, 1802, and the profit arising thereon, from the establishment thereof to the latter period.

Dr. Cr.
Avoirdupois
weight.		 Troy weight. Cost of
Copper.
lbs. oz. drms. lbs. oz. dwt. Dolls. Cts.
To amount of rough copper and planchettes purchased from the commencement of the institution, to the 31st Dec. 1801, per statement marked C, accompanying the Comptroller's reports of the 25th of April, 1800, and of the 22d March, 1802, 495,248  08  15   135,896  75
This sum, charged for the purchase of planchettes, in the quarter ending 30th September, 26,397 32,079  08  05 8,709  32
This sum, charged for the purchase of ditto, in the quarter ending 31st December, 41,118 49,969  09  09 13,553  84
----------
158,159  91
Deduct this sum gained on the purchase of two bills of exchange below the value at par, 106  74
---------- ----------
577,298  02  09 158,053  17
Balance, being the amount gained on copper coinage, 25,369  30
---------- ----------
Avoirdupois
weight.		 Troy weight. Cost of
Copper.
lbs. oz. drms. lbs. oz. dwt. Dolls. Cts.
By amount of rough copper and planchettes, accounted for, per statement marked C, accompanying the Comptroller's reports of the 25th April, 1800, and 22 March, 1802, 409,987  03  10   126,568  39
By amount of cents and half cents charged to the treasurer of the United States, in the quarter ending 31st March, 28,484  02  00 9,766  00
Do. do. do. 30th June, 29,283  04  00 10,040  00
Do. do. do. 30th September, 25,232  01  00 8,651  00
Do. do. do. 30th December, 17,400  04  01 5,965  83
Balance of copper clippings and planchettes remaining, viz:
In the hands of the treasurer, 49,969  09  09 17,132  50
Ditto, chief coiner, 15,454  08  05 5,298  75
---------- ----------
575,811  08  05 183,422  47
Copper supposed to have been used for alloy, for which no account is given, 1,486  06  04
---------- ----------
577,298  02  09   183,422  47 577,298  02  09   183,422  47

Although it appears that 324 lbs. 5 oz. 14 dwts. copper clippings have been used during the year 1802, for alloying the precious metals, yet it will be perceived that the quantity, now unaccounted for, is less, by 466 lbs. 9 oz. 2 dwts., than that exhibited on the last statement rendered, and is occasioned by the cents coined being lighter that 7 dwts. each.

D.

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.

Value of gold, silver, and copper coins made at the mint, to the 31st December, 1801, per summary statement, marked A, accompanying the Comptroller's report of the 22d March, 1802.   $3,045,091  94
Ditto, of gold coins made from the 1st January to the 31st December, 1802, per statement herewith, marked B,   $423,310  00
Ditto, of silver coins, do. marked B, 58,343  00
Ditto, of copper coins, do. marked C, 34,422  83
---------- 516,075  83
----------
Total value of gold, silver, and copper coins made to the 31st Dec. 1802, 3,561,167  77
=======
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1801, per statement, marked E, accompanying the Comptroller's report of the 22d March, 1802, 296,957  10
Deduct the following sums, viz.
This sum, being the cost and charges of copper, included in statement marked B, accompanying the Comptroller's report of the 30th January, 1799, $34,427  48
This sum,     do.     do.      included in statement marked A, accompanying the report of the 25th April, 1800, 7,110  22
This sum,     do.     do.      included in statement marked B, accompanying the said report of the 25th April, 1800, 12,438  71
This sum,     do.     do.      included in statement marked E, accompanying the Comptroller's report of the 22d March, 1802, 45,318  47
----------
Amount of copper,       99,294  88
This sum, being the amount of wastage on the coinage of gold and silver from the commencement of the institution to the 31st December, 1801, per former statements transmitted, 12,503  03
---------- 111,797  91
----------
185,159  19
Add the following sums, viz.
This sum, being the amount gained on the coinage of copper, per statement marked C, accompanying the Comptroller's report of the 22d March, 1802, 19,234 43
This sum, being the amount retained of deposites, from the commencement of the institution to the 31st December, 1801, per former statements transmitted, 2,149  98
---------- 21,384  41
----------
Amount charged for the support of the establishment to 31st December, 1801, 206,543  60
Amount charged from the 1st January to the 31st December, 1802, (exclusive of the cost of copper, which amounts, for the year, 1802, to the sum of $20,344  79) per statement herewith, marked A, 17,462  65
Amount of wastage to the 31st December, 1801, as above, 12,503  03
Ditto, from the 1st January to 31st December, 1802, per statement marked B, herewith, 1,836  97
----------
Total amount of wastage,       14,340  00
Deduct this sum, being the amount retained of deposites to 31st December, 1801, as above, 2,149  98
Ditto, this sum, retained of ditto, from January 1st to December 31st, 1802, &c. 185  92
----------
Total amount retained,       2,335  90
---------- 12,004  70
----------
Total amount of disbursements (not including the cost of copper to the 31st December, 1801, which amounts, as appears above, to $99,294  88) on account of the establishment from the commencement of the institution to the 31st December, 1802, 236,010  95
From the above deduct the gain on copper coinage, from the commencement of the institution to the 31st December, 1802, per statement, marked C, herewith, 25,369  30
----------
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1802, including the cost of lots, buildings, machinery, &c. 210,641  65