9th Congress.
No. 266
2d Session.

MINT.

Communicated to the House of Representatives, March 3, 1807.

Treasury Department, March 3d, 1807.   

Sir:

I have the honor to transmit, herewith, a letter from the Comptroller of the Treasury, 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 2d of April, 1792.

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

ALBERT GALLATIN.

The Honorable the Speaker of the House of Representatives.

. . . . . . . .

Treasury Department, Comptroller’s Office, March 3d, 1807.   

Sir:

The statements marked A, B, C, and D, which you will receive, herewith, have been prepared pursuant to the seventh section of an act of Congress of the 2d of April, 1792, entitled “An act establishing a mint, and regulating the coins of the United States.” They contain all the information relative to 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, sir, your obedient servant,

G. DUVALL.

Albert Gallatin, Esq. Secretary of the Treasury.

A.

Statement exhibiting the balance of gold and silver remaining in the hands of the officers of the mint on the 31st December, 1805; the amount of deposites from the 1st January to the 31st December, 1806; the different species of coins made and paid on account of deposites; allowance for wastage, and the balance remaining in the hands of the officers of the mint on the said 31st December, 1806, to be accounted for on a future settlement.

Ounces. Dwt. Gr.      Dolls. Cts. M.
Balance of gold bullion, &c. remaining in the hands of the officers of the mint on the 31st December, 1805, 41 17 11 743 45
Gold bullion deposited from the 1st January to the 31st December, 1806, 20,102 1 1 357,369 70
---------------- ----------------
20,143 18 12 358,113 15
============ ============
Amount paid on account of deposites of gold, from the 1st January to the 31st December, 1806, 324,127 71
Add balance of gold coins in the Bank United States on the 31st December 1806, 958 6
----------------
325,085 77
Deduct this sum, being a balance of gold coins remaining in the hands of the treasurer of the mint on the 31st December, 1805, 82 33 5
Also, this sum, paid on treasury warrant No. 7,172, issued to cover wastage in the coinage of gold during the year 1805, 498 43 5
---------------- 580 77
----------------
Gold coins made from the 1st January to the 31st December, 1806, viz: half eagles, 64,093, and quarter eagles, 1,616, weight and value, 18,253 8 3 324,505 0 0
Balance of gold bullion in the hands of the officers of the mint on the 31st December, 1806, 1,822 9 13 32,398 52 5
Profit and loss for this sum allowed for wastage in the coinage of gold and silver, from the 1st January to the 31st December, 1806, 68 00 20 1,209 62 5
---------------- ----------------
As above, 20,143 18 12 358,113 15 0
============ ============
Balance of silver bullion in the hands of the officers of the mint on the 31st December, 1805, 10,461 5 12 12,070 25 5
Silver bullion deposited from the 1st January to the 31st December, 1806, 460,264 12 0 541,458 99 0
---------------- ----------------
479,725 17 12 553,529 24 5
============ ============
Amount paid on account of deposites of silver, from the 1st January to the 31st December, 1806, 479,624 26 5
Add balance of silver coins remaining in the Bank United States on the 31st December, 1806, 17 0
----------------
479,624 43 5
Deduct this sum, being the balance of silver coins in the Bank United States on the 31st December, 1805, 7,699 39 00
Also, this sum paid on treasury warrant No. 7,172, issued to cover wastage in the coinage of silver during the year 1805, 606 4 5
---------------- 8,305 43 5
----------------
Silver coins made from 1st January to the 31st December, 1806, viz: half dollars 839,576, and quarter dollars 206,124, weight and value, 408,476 9 8 471,319 0 0
Balance of silver bullion in the hands of the officers of the mint on the 31st December, 1806, 69,698 7 1 80,420 57 0
Profit and loss for this sum, allowed for wastage in the coinage of silver, from the 1st January to the 31st December, 1806, 1,515 1 3 1,789 67 5
---------------- ----------------
As above, 479,725 17 12 553,529 24 5
============ ============

Comptroller’s Office, February 27, 1807.

ANDREW ROSS.

B.

The Mint of the United States in account of copper purchased and coined, to the 31st of December, 1806, with the United States.

Dr. Cr.
Troy weight. Cost of
copper.
lbs. oz. dwt. Dollars. cts.
To amount of rough copper and planchettes purchased from the commencement of the institution to the 31st December, 1805, per statement marked B, accompanying the Comptroller’s report of the 28th March, 1806, 714,478 9 2 198,590 93
Balance, being the amount gained, 31,092 57
Troy weight. Value of cents and half cents coined, each cent estimated to weigh 7 dwt.
lbs.  oz. dwt. Dollars. cts.
By amount of rough copper and copper planchettes, accounted for, per statement marked B, accompanying the Comptroller’s letter of the 28th March, 1806, 657,566 5 6 211,452 67
By amount of cents and half cents charged by the treasurer of the mint, as delivered to the Treasurer of the United States, in the year 1806, viz:
  In the 1st quarter, 211,000 57,000
2d quarter, 201,000 29,000
3d quarter, 173,000
4th quarter, 111,000
--------------------
412,000  370,000 17,412 6 0 5,970 00
-------------- --------------
Balance December 31st, 1806, viz: 674,978 11 6 217,422 67
  Half cents in the hands of the treasurer of the mint, 72,000, 1,050 0 0 360 00
  Planchettes, fit for striking, in the hands of the chief coiner, 37,710 9 3 11,900 83
  Profit and loss, the same as last rendered, 3,730 0 13
-------------- --------------
714,478 9 2    229,683 50
-------------- --------------
714,478  9  2             229,683 50

Comptroller’s Office, February 27, 1807.

ANDREW ROSS.

C.

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, from the commencement of the institution to the 31st December, 1806.

Value of gold, silver, and copper coins, made at the mint to the 31st December, 1805 per accounts rendered, $4,635,863 72
Value of gold coins made from the 1st January to the 31st December, 1806, per said statement, 324,505 00
Value of silver coins made from 1st January to the 31st December, 1806, per statement herewith, marked A, 471,319 00
Value of copper coins made from 1st January to the 31st December, 1806, per statement herewith, marked B, 5,970 00
---------------- 801,794 00
----------------
Total amount of gold, silver, and copper coins, $5,437,657 72
===========
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1805, per account rendered, 260,249 12 5
Add amount gained on the coinage of copper to 31st December, 1805, per account rendered, 31,092 57
----------------
291,341 69 5
From the above, deduct amount of wastage on gold and silver, to the same period, $18,550 04
Add to the same, amount retained from deposites to the same time, 2,833 14 5
---------------- 15,716 89 5
---------------- 275,624 80
Add amount disbursed on account of the establishment, from the 1st January to the 31st December, 1806, 19,629 70
Add also amount of wastage on gold and silver to the 31st December, 1805, 18,550 04
   Ditto,        from 1st January to the 31st December, 1806, 2,999 29
----------------
21,549 33
From the above, deduct the amount retained from deposites to the 31st December, 1805, $2,833 14 5
Also amount retained from deposites from the 1st January to the 31st December, 1806, 277 44 5
---------------- 3,110 59
---------------- 18,438 74
----------------
313,693 24
Deduct amount gained on the coinage of copper from the commencement of the institution to the 31st December, 1806, per statement herewith, marked B, 31,092 57
----------------
Nett amount charged on the coinage of gold, silver, and copper, from the commencement of the institution to the 31st December, 1806, including the cost of lots, buildings, &c. $826,600 67

Comptroller’s Office, February 27th, 1807.

ANDREW ROSS.

D.

Statement of the application of moneys advanced from the Treasury of the United States for the support of the Mint Establishment, during the year 1806.

Moneys paid by the treasurer of the mint, on warrants drawn on him by the Director, and admitted by the accounting officers of the treasury, on the adjustment of his accounts, were as follow, viz:
Incidental and contingent expenses, and repairs of the mint.
For $9,029 70, being the amount expended for the requisite repairs, apparatus, machines, wages of workmen, and other expenses,
In the 1st quarter, $1,822 89
2d do. 2,391 42
3d do. 2,019 01
4th do. 2,796 38
------------- 9,029 70
Salaries of the officers and clerks of the mint.
In the 1st quarter, 2,650 00
2d do. 2,650 00
3d do. 2,650 00
4th do. 2,650 00
------------- 10,600 00
Wastage in the coinage of gold and silver.
Applied to make good the deficiency in said coinage for the year 1805, 1,104 48
Balance to be accounted for by the treasurer of the mint, 5,878 85
-------------
$26,613 03
==========
 
Balance which was to be accounted for by the mint, on the 1st January, 1806, as per statement for the preceding year, 6,908 55
Advanced from the treasury for the Mint Establishment, viz:
For the salaries of the officers and clerks, 10,600 00
For the purchase of copper and incidental expenses, 8,000 00
Warrant No. 7172, for deficiencies in coinage in 1805, 1,104 48
-------------
$26,613 03
==========

- - - - - - - -

Account of Cents and Half Cents paid into the Treasury of the United States by the treasurer of the mint, in the year 1806.

In the 1st quarter, 1,795 00
2d do. 1,555 00
3d do. 1,410 00
4th do. 1,210 00
-------------
$5,970 00
==========

Treasury Department, Register’s Office, February 28th, 1807.

JOSEPH NOURSE, Register.

- - - - - - - -

Statement of the appropriations made by law, for the Mint Establishment, for the year one thousand eight hundred and six, with the amount of Warrants drawn by the Secretary of the Treasury on said appropriations.
Amount passed to the credit of the surplus fund, to the 31st December, 1805, for so much which remained unexpended on the 31st December, 1803, of moneys appropriated for the contingent expenses of the mint, $6,173 28
Amount of warrants drawn on the Treasurer, in favor of the mint, for the services of the year 1806, 9,104 48
Balance unexpended on the 1st January, 1807, 67,454 31
-------------
$82,732 07
==========
Balance of the several appropriations for the mint establishment, unexpended on the 1st of January, 1806, as stated in a communication of the Secretary of the Treasury, to the House of Representatives, of the 29th of March, 1806, $66,362 07
Appropriated by an act respecting the mint, dated 24th April, 1800, being the amount of cents and half cents paid into the treasury, in 1806, 5,970 00
Appropriated by an act making appropriations for the support of Government, for the year 1806, passed the 18th of April, 1806, 10,400 00
-------------
$82,732 07
==========
 
Statement of the appropriations made by law, for the payment of the salaries of the officers and clerks of the Mint, for the year one thousand eight hundred and six.
Amount of warrants drawn on the Treasurer of the United States, for the salaries of the officers and clerks, in 1806, $10,600 00
==========
Appropriated by the act making appropriations for the support of Government, for the year 1806, passed the 18th April, 1806, $10,600 00
==========

Treasury Department, Register’s Office, February 28th, 1807.

JOSEPH NOURSE, Register.