12th Congress.
No. 392
2d Session.

MINT.

Communicated to the House of Representatives, March 2, 1813.

Treasury Department, February 27, 1813.

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 April 2d, 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, February 27, 1813.

Sir:

The statements herewith, marked A, B, and C, have been prepared pursuant to the seventh section of an act of Congress, passed 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 afford.

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

RICHARD RUSH.

Albert Gallatin, Esq.

A.

Statement exhibiting the balance of Gold and Silver remaining in the hands of the officers of the Mint on the 31st December, 1811; the amount of deposites from the 1st of January to the 31st of December, 1812; 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 31st of December, 1812, to be accounted for on a future settlement.

Amount paid for deposites of gold, from 1st January to 31st December, 1812,  Oz.  Dwt. Gr. Dolls. Cts. M.
Balance of gold bullion, &c. remaining in the hands of the officers of the mint on the 31st December, 1811, 928  05  05 16,500 40 5
Gold bullion deposited from 1st January to 31st December, 1812, 16,593 02 03 294,988 40 0
Total amount, 17,521 07 08 311,488 80 5
Amount paid for deposites of gold, from 1st January to 31st December, 1812, 309,398 31 5
Add gold coins in the hands of the treasurer of the mint on the 31st December, 1812, 14,529 16 5
Dolls. Cts. M. 323,927 48 0
Deduct this sum, being a balance of gold coins in the hands of the treasurer, on the 31st December, 1811, 31,877 35 0
And this sum, being the amount of treasury warrant No. 4,947, issued to cover wastage in the coinage of gold, 1,615 13 0
33,492 48 0
oz.  dwt. gr.
Gold coins made at the mint from January 1 to December 31, 1812, viz: half eagles, 58,087. Weight and value, 16,336 19 09 290,435 00 0
Gold bullion in the hands of the officers of the mint on 31st December, 1812, 1,117 11 05 19,865 59 0
Profit and loss account for this sum, allowed for wastage in the coinage of gold in 1812, 66 16 18 1,188 21 5
As above, 17,521 07 08 311,488 80 5
Balance of silver bullion, &c. remaining in the hands of the officers of the mint, on the 31st December, 1811, 141,373 07 07 163,121 96 5
Silver bullion deposited from 1st January to 31st December, 1812, 980,909 03 00 1,294,940 08 0
Total amount, 1,122,282 10 07 1,294,940 08 5
Amount paid for deposites of silver, from 1st January to 31st December, 1812, 798,494 88 5
Add silver coins in the hands of the treasurer of the mint, deposited in the Farmer and Mechanics’ Bank, on 31st December, 1812, 18,000 16 0
Dolls. Cts. M. 816,495 04 5
Deduct this sum, being a balance of silver coins in the hands of the treasurer of the mint, 31st December, 1811, 25 0
Also, this sum, being amount of treasury warrant No. 4,947, issued to cover wastage in the coinage of silver, 2,465 29 5
2,465 54 5
oz.  dwt. gr.
Half dollars 1,628,059. Weight and value, 705,492 04 16 814,029 50 0
Silver bullion in the hands of the officers of the mint on 31st December, 1812, 413,899 12 06 477,575 22 0
Profit and loss account for this sum, allowed for wastage in the coinage of silver in 1812, 2,890 13 09 3,335 36 5
As above, 1,122,282 10 07  1,294,940 08 5

Comptroller’s Office, February 26, 1813.

ANDREW ROSS, Clerk.

B.

The Mint of the United States in account of Copper purchased and coined, from the commencement of the Institution to the 31st day of December, 1812.

Dr. Cr.
To amount of rough copper and copper planchettes,
Troy weight.

 Cost of
copper.
  lbs. oz. dwt. Dolls. Cts. M.
To amount of rough copper and copper planchettes, purchased from the commencement of the institution to the 31st December, 1811, per statement marked B, accompanying the Comptroller’s letter of the April 9th, 1812, 823,333  7  8 229,523 22 0
Amount of copper planchettes fit for striking, purchased in the quarter ending June 30, 1812, viz:
44,726 pounds avoirdupois, at 7,000 grains to 1 pound, is		 54,354 6 3 16,949 15 0
877,688 1 11 246,472 37 0
By amount of rough copper and copper planchettes, accounted for from the Troy weight. Value of Copper at the rate of 7 dwt. to a cent.
lbs.  oz. dwt. Dolls. Cts. M.
By amount of rough copper and copper planchettes, accounted for from the commencement of the institution to the 31st December, 1811, per statement accompanying the Comptroller’s letter of the 9th April, 1812, 818,619 7 10 266,685  19  0
By amount of cents charged by the treasurer of the mint, as delivered to the Treasurer of the United States, during the year 1812, viz:
In the quarter ending March 31, None.   
In the quarter ending June 30, 420,000
In the quarter ending September 30, 377,500
In the quarter ending December 31, 278,000
Cents, 1,075,500 31,368 9 0 10,755 0 0
849,988 4 10 277,440 19 0
By balance remaining, viz:
This sum, being the amount of copper planchettes in the hands of the chief coiner, 23,985 9 3 7,880 0 0
This sum, said to arise from copper planchettes spoiled in striking, and used for alloy, and planchettes weighing more than 7 dwts. 3,713 11 18
877,688 1 11 285,320 19 0
To amount of rough copper and copper planchettes, Dolls. Cts. M.
Balance, per contra, 38,847 82 0
877,688  1 11 285,320 19 0

Comptroller’s Office, February 26, 1813.

ANDREW ROSS, Clerk..

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, 1812.

Dollars.  Cents. Dollars.  Cents.
Value of gold, silver, and copper coins, made at the mint to 31st December, 1811, 10,589,153 49
Do. of gold coins made from 1st January to 31st December, 1812, per account A, 290,435 00
Do. of silver coins made from 1st January to 31st December, 1812, per said account, 814,029 50
Do. of copper coins made from 1st January to 31st December, 1812, per account B, 10,755 00
1,115,219 50
Total value of gold, silver, and copper coins, 11,704,372 49
Nett charge on the coinage of gold, silver, and copper, to 31st December, 1811, per account rendered, 409,338 84.5
Add amount gained on the coinage to the same period, 37,161 97
446,500 81.5
From the above, deduct amount of wastage on gold and silver to 31st December, 1811, per account rendered, $39,869 81.5
To the above, add the amount retained from deposites to the same period, 4,421 45
35,448 36.5
411,052 45
Add amount disbursed on account of the establishment, from 1st January to 31st December, 1812, 20,309 36
Add, also, amount of wastage on gold and silver to 31st December, 1811, 39,869 81.5
Do.      do.      on gold and silver from 1st January to 31st December, 1812,   4,523 58
44,393 39.5
From the above, deduct amount retained from deposites to 31st December, 1811, $4,421 45
Also, the amount retained from deposites from 1st January to 31st December, 1812, 235 37
4,656 82
39,736 57.5
471,098 38.5
Deduct amount gained on the coinage of copper from the commencement of the institution to the 31st December, 1812, as per statement herewith, marked B, 38,847 82
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to the 31st December, 1812, including the cost of lots, buildings, machinery, &c. 432,250 56.5

Comptroller’s Office, February 26, 1813.

ANDREW ROSS, Clerk.