23d Congress,
1st Session.
[Doc. No. 500.]
Ho. of Reps.
Treas. Dept.

MINT OF THE UNITED STATES

LETTER
from
THE SECRETARY OF THE TREASURY,

Transmitting

Statements in relation to the mint of the United States.

June 25, 1834.

Read, and laid upon the table.

Treasury Department,
June 24, 1834.

Sir: I have the honor to transmit three statements, marked A, B, C, which have been prepared by the Comptroller of the Treasury, 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 coin of the United States.”

The Treasurer of the Mint not having forwarded his accounts for the fourth quarter of 1832, until after the termination of the last session of Congress, no statement could be made for that year.

The statements now transmitted embrace the transactions for the years 1832 and 1833, and 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, sir, very respectfully,
Your obedient servant,

R. B. TANEY,
Secretary of the Treasury.

Hon John Bell,
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, 1831; the amount deposited from the 1st January, 1832 to 31st December, 1833; 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, 1833, to be accounted for on a future settlement, viz:

GOLD. Oz. Dwts. Gs. Dolls. Cts. Ms.
Balance of gold bullion remaining in the hands of the officers of the Mint on the 31st December, 1831 711 18 23 12,646 87 5
Gold bullion, deposited from 1st January to 31st December, 1832 44,784 9 20 796,167 64 5
Gold bullion, deposited from 1st January to 31st December, 1833 54,523 12 15 969,316 72
Amount paid for deposites of gold from 1st January to 31st December, 1829     
100,020 1 10 1,778,131 24
Amount paid for deposites of gold, from 1st January to 31st December, 1832 796,815 12 5
Amount paid for deposites of gold, from 1st January to 31st December, 1833 980,168 23 5
Balance of gold coins in the Bank of the United States, on the 31st December, 1833 30 83 5
1,777,014 19 5
Deduct balance of gold coins in the Bank of the United States, on the 31st December, 1831 29 19 5
1,776,985 00 0
Gold coins made at the Mint in the year 1832, 157,487 half eagles, and 4,400 quarter eagles 44,911 19 9 798,435 00 0
Gold coins made at the Mint in the year 1833, 193,630 half eagles, and 4,160 quarter eagles 55,043 8 18 978,550 00 0
99,955 8 3 1,776,985 00 0
Allowed to the chief coiner, melter, and refiner, for wastage, in the year 1832 109 10 1 1,946 70
Allowed to the chief coiner, melter, and refiner, for wastage, in the year 1833 133 12 7   2,375 37
243 2 8 4,322 07 0
Gold bullion in the hands of the melter and refiner, 31st December, 1833 124 7 8 2,208 48 0
100,322 17 19 1,783,515 55 0
Deduct balance of gold bullion due to the chief coiner, 31st December, 1833 302 16 9 5,384 31 0
100,020 1 10   1,778,131 24 0
SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint, on the 31st December, 1831 251,983 13 13 290,748 40 0
Silver bullion deposited from 1st January to 31st December, 1832 2,330,369 9 0 2,688,887 27 5
Silver bullion deposited from 1st January to 31st December, 1833 2,409,544 2 0 2,780,242 59 5
4,991,897 4 13 5,759,878 27 0
Amount paid for deposites of silver, from 1st January to 31st December, 1832 2,639,759 65 0
Amount paid for deposites of silver, from 1st January to 31st December, 1833 2,696,645 04 5
Amount credited by the Treasurer of the Mint, in his account of ordinary receipts and expenditures for the fourth quarter of 1831, as gained on coinage, in consequence of an over allowance to the officers of the Mint for refining 2,247 81 0
Balance of silver coins in the Bank of the United States, on the 31st December, 1833 87,908 32 5
5,426,560 83 0
Deduct balance of silver coins in the Bank of the United States, on the 31st December, 1831 88,060 83 0
5,338,500 00 0
Silver coins made at the Mint in the year 1832: 965,000 half dimes; 522,000 dimes; 320,000 quarter dollars; and 4,071,600 half dollars 2,235,133 6 16 2,579,000 00 0
Silver coins made at the Mint in the year 1833: 1,370,000 half dimes; 485,000 dimes; 158,000 quarter dollars; and 5,206,000 half dollars 2,391,566 13 8 2,759,500 00 0
4,626,700 00 0 5,338,500 00 0
Allowances made to melter, and refiner, and chief coiner, for wastage, in 1832 3,213 2 5 3,707 43 5
Allowances made to melter, and refiner, and chief coiner, for wastage, in 1833 3,415 19 0 3,941 47 5
6,629 1 5 7,648 91 0
Silver bullion in the hands of the officers of the Mint, on the 31st December, 1833 358,568 3 8 413,729 36 0
4,991,897 4 13 5,759,878 27 0
Comptroller’s Office, June 24, 1834.
LUND WASHINGTON, Clerk.

B.

The Mint of the United States in account, copper purchased from the commencement of the Institution to 31st December, 1833.

Dr. Cr.

To amount of rough copper and copper

 Troy Weight. Cost of Copper.
  Lbs.  Oz. Dwts. Dolls. Cts. Ms.
To amount of rough copper and copper planchets, purch’d from the commencement of the institution to the 31st Dec. 1831, per statement marked B, accompanying the Comptroller’s letter of 26th June, 1832  1,981,917 9 17 514,692 49 5
To cost of copper purchased in the years 1832 and 1833, from M.R.Bolton, and William Harold and Sons, including shipping charges, poterage, interest, and premium on bills of exchange remitted. Received as follows:
Per ships Alleghany, Algonquin, and North Star 58
Alexander and Monongahela 64
John Wells and Alexander 58
Benjamin Morgan 29
Delaware and William Brown 58
Monongahela 29
Casks 296 138,074 11 16 33,507 15 5
To cost of one cask of Swedish grain copper, received from M. R. Bolton, per ship Monangahela, in first quarter of 1833, to be used for alloy in the coinage of silver 507 91 0
Amount and cost of copper 2,119,992 9 13 548,707 56 0
To amount gained in weight, arising from the cents weighing less than the estimate of seven pennyweights each 25,857 1 1
Amount gained on coinage to 31st December, 1833, 172,768 26 0
2,145,849 10 14 721,475 82 0
By amount of rough copper and copper  Troy Weight. Value of copper, at the rate of seven pennyweights to a cent.
Lbs.  Oz. Dwt. Dolls. Cts. Ms.
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 26th June, 1832, 1,952,865 0 4 654,701 68 0
By amount of cents deposited by the Treasurer of the Mint, to the credit of the Treasurer of the United States, from the 1st January, 1832, to 31st December, 1833 137,723 9 6 47,219 58 0
         
Amount accounted for 1,952,865 0 4 654,701 68 00
Balances on 31st Dec. 1833, in hands of the Treasurer of the Mint, one cask of copper for alloy 507 91 0
In hands of chief coiner, rough copper 55,261 1 4 18,946 65 0
By amount of rough copper, and copper
2,145,849 10 14 721,475 82 0
Comptroller’s Office, June 24, 1834.
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 1833, viz.

Dolls. cts. ms. Dolls. cts. ms.
Value of gold, silver, and copper coinage, up to 31st December, 1831 41,646,847 72 0
Gold coins made from 1st January, 1832, to 31st December, 1833, per account A, 1,776,985 00 0
Silver coins made from 1st January, 1832, to 31st December, 1832, per account A, 5,338,500 00 0
Copper coins made from 1st January, 1832, to 31st December, 1833, per account B, 47,219 58 0
7,162,704 58 0
48,809,552 30 0
Nett charge on the coinage of gold, silver, and copper, to 31st December, 1831, 516,273 19 0
Add amount gained on the coinage of copper to the same period, 150,084 57 5
666,357 76 5
From which deduct—
Amount of wastage on gold and silver to 31st December, 1831, 122,207 79
Also, amount of wastage from 1st Jan. 1832 to 31st Dec. 1833, 11,970 98
Deduct this amount credited by the treasurer of the mint, produced in silver coins, more than the estimated value of bullion in the year 1831, 2,247 81
Also, amount of wastage on gold and silver from 1st Jan. 1832, to 31st Dec. 1833    
9,723 17
131,930 96 0
534,426 80 5
Amount disbursed on account of the establishment from 1st January, 1832, to 31st December, 1833, 93,455 68 0
Add, also, the amount of wastage on gold and silver to 31st December, 1833, 131,930 96 0
From which deduct—
Amount retained from deposites to 31st December, 1831, 46,993 57
Also, this sum from 1st January, 1832, to 31st December, 1833, 10,119 14
57,112 71 0
74,818 25 0
702,700 73 5
Deduct amount gained on the coinage of copper from the commencement of the institution to 31st Dec. 1833, 172,768 26 0
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution, to 31st December, 1833, including the costs of lots, buildings, and machinery 529,932 47 5
Comptroller’s Office, June 24, 1834. LUND WASHINGTON, Clerk.
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