22d Congress,
1st Session.
[Doc. No. 296.]
Ho. of Reps.
Treas. Dep’t.

MINT OF THE UNITED STATES

LETTER
from
THE SECRETARY OF THE TREASURY,

Transmitting

Statements in relation to the concerns of the Mint Establishment.

June 30, 1832.

Read, and laid upon the table.

Treasury Department,
June 28, 1832.

Sir: I have the honor to transmit three statements, marked A, B, and C, which have been prepared by the Comptroller pursuant to the 7th section of an act of Congress, passed on the 2d of April, 1792, entitled an “Act establishing a Mint, and regulating the coins of the United States.” These statements contain all the information relative to the transactions of the Mint that the settlements made at the Treasury afford.

I have the honor to be,
Very respectfully,
Your obedient servant,

LOUIS M‘LANE,
Secretary of the Treasury.

The honorable the Speaker of the House of Representatives.

A.

STATEMENT exhibiting the balance of the Gold and Silver Bullion remaining in the hands of the Officers of the Mint on the 31st December, 1830; the amount deposited from 1st January to 31st December, 1831; the different species of Coins made and paid on account of deposites; allowances for wastage; and the balance remaining in the hands of the Officers of the Mint on the 31st December, 1831: to be accounted for on a future settlement, viz:

GOLD. oz. dwt. gr. dolls. cts. m.
Balance of gold bullion remaining in the hands of the officers of the Mint on the 31st December, 1830 424 18 00 7,544 95 00
Gold bullion deposited from 1st January to 31st December, 1831 40,573 10 7 721,305 19 00
Amount paid for deposites of gold from 1st January to 31st December, 1829     
Total, 40,998 8 7 728,850 14 00
Amount paid for deposites of gold from 1st January to 31st December, 1831 715,708 45 00
Balance of gold coins in the Bank of the United States on the 31st December, 1831 29 19 5
715,737 64 05
Deduct balance of gold coins in the Bank of the United States on the 31st December, 1830 1,467 64 05
714,270 00 00
Gold coins made at the Mint, from 1st January to 31st December, 1831 — 140,594 half, and 4,520 quarter eagles 40,177 13 18 714,270 00 00
Allowed to the chief coiner, and melter and refiner, for wastage during the year ending 31st December, 1831 108 15 14 1,933 88
Deduct amount overallowed for said wastage, not noticed in statement made by the Treasurer of the Mint 5 6 21 95 61 5
103 8 17 1,838 26 05
Assay pieces delivered to the Treasurer of the Mint, 1st quarter, 1831 5 6 21 95 00 00
Gold bullion in the hands of the officers of the Mint, 31st December, 1831 711 18 23 12,646 87 5
As above, 40,998 8 7 728,850 14 00
SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1830 969,120 10 16 1,118,214 58 00
Silver bullion deposited from 1st January to 31st December, 1831 2,039,842 13 8 2,353,664 01 05
Total 3,008,963 04 00 3,471,878 59 05
Amount paid for deposites of silver from 1st January to 31st December, 1831 3,250,870 14 00
Balance of silver coins in the Bank of the United States on the 31st December, 1831 88,060 83 00
3,338,930 97 00
Deduct balance of silver coins in the Bank of the United States on the 31st December, 1830 163,330 97 00
3,175,600 00 00
Silver coins made at the Mint, from 1st January to 31st December, 1831: — 1,242,700 half dimes; 771,350 dimes; 398,000 quarter dollars; and 5,873,660 half dollars 2,752,186 13 18 3,175,600 00 00
Allowances made to melter and refiner, and chief coiner, for wastage, for same period 4,792 16 17 5,530 19 05
Silver bullion in the hands of the officers of the Mint on the 31st December, 1831 251,983 13 13 290,748 40 00
As above 3,008,963 4 00 3,471,878 59 05
Comptroller’s Office, June 24, 1832.
LUND WASHINGTON, Clerk.

B.

The Mint of the United States in account Copper purchased from the commencement of the Institution to 31st December, 1831.

Dr. Cr.

To amount of rough copper and copper

 Troy Weight. Cost of Copper.
  lbs.  oz. dwts. Dolls. cts. m.
To amount of rough copper and copper planchets purchased from the commencement of the institution to the 31st December, 1830, per statement marked B, accompanying the Comptroller’s letter of 3d March, 1831,  1,912,807 4 18 499,654 55 05
Deduct amount improperly charged in last statement for expenses of distributing copper coins, from 1st Oct. 1829, to 30th September, 1830, 678 55 00
 1,912,807 4 18 498,976 00 05
To cost of 149 casks copper planchets purchased from M.R.Bolton and Mr. Harold & Sons, and received in the 1st, 2d, and 3d quarters of 1831, per the ships Alexander, Algonquin, and Monongahela, from Liverpool, weighing 56,868; lbs. avoirdupois 69,110 4 19 15,716 49 00
Amount and cost of copper 1,981,917 9 17 514,692 49 05
To overplussage on copper arising from the average weight of cents, being less than the estimated value of 7 pennyweights each 333 10 18
Amount gained on coinage to 31st December, 1831, 150,084 57 05
1,982,251 8 15 664,777 07 00
By amount of rough copper and copper  Troy Weight. Value of copper, at the rate of 7 dwts. to a cent.
lbs.  oz. dwt. Dolls. cts. m.
By amount of rough copper and copper planchets accounted for from the commencement of the institution to 31st Dec. 1830, per statement marked B, accompanying the Comptroller’s letter of 3d March, 1831, 1,851,605 10 11 651,132 47 00
Deduct amount improperly entered in the annual statements of this account, as the par value of copper over the cost thereof, for the years 1826, ’27, ’28, ’29, and ’30 31,025 18 00
1,851,605 10 11 620,107 29 00
By amount of cents deposited by the Treasurer of the Mint to the credit of the Treasurer of the United States, in the year 1831 100,900 3 13 34,594 39 00
By amount of spoiled and damaged planchets received from the chief coiner, by the Treasurer of the United States, in the year 1831 358 10 00
Amount accounted for 1,952,865 0 4 654,701 68 00
Balance on hand 31st Dec. 1831:     
In hands of the Treasurer, coined, 24,804 8 2 8,504 46 00
chief coiner, uncoined, 4,582 0 9 1,570 93 00
By amount of rough copper, and copper
1,982,251 8 15 664,777 07 00
Comptroller’s Office, June 26, 1832.
LUND WASHINGTON, Clerk.

C.

SUMMARY STATEMENT exhibiting the value of the 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 1831, viz.

dolls. cts. m. dolls. cts. m.
Value of gold, silver, and copper coinage, up to 31st December, 1830 37,722,383 33 00
Gold coins made from 1st January to 31st December, 1831, per account A 714,270 00 00
Silver coins made from 1st January to 31st December, 1831, per account A 3,175,600 00 00
Copper coins made from 1st January to 31st December, 1831, per account B 34,594 39 00
3,924,464 39 00
Total value of gold, silver, and copper 41,646,847 72 00
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1830 500,820 72 05
Add amount gained on the coinage of copper to the same period 172,475 00 05
673,295 73 00
From which deduct amount wastage on gold and silver, to 31st December, 1830 114,839 33
Also amount wastage from 1st January to 31st December, 1831 7,368 46
Also, amount wastage from 1st January to 31st December, 1831    
122,207 79 00
551,087 94 00
Add amount disbursed on account of the establishment, from 1st January to 31st December, 1831 40,055 60 05
Add also the amount wastage on gold and silver to 31st December, 1831 122,207 79 00
From the above, deduct the amount retained from deposites to 31st December, 1830 37,288 36 05
Also this sum from 1st January to 31st December, 1831 9,705 20 05
46,993 57 00
75,214 22 00
666,357 76 05
Deduct amount gained on the coinage of copper from the commencement of the institution to 31st Dec. 1831 150,084 57 05
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution, to 31st December, 1831, including the costs of lots, buildings, and machinery 516,273 19 00
Comptroller’s Office, June 24, 1832.
LUND WASHINGTON, Clerk.
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