who will contribute every quality of which great COINAGE. (Continued.) Foreign gold bullion of the value of $2,247,730.78, and foreign gold coin of the value of $6,293,296.33 were received and melted by the mints and assay offices during the year. Worn and uncurrent domestic gold coin (of the nominal value of $806,870) was received for recoinage, and after melting, the coining value of the same was found to be $792,470.43. Old material consisting of jewelry, plate, etc., of the value of $3,830,176.02, was also received. COINAGE OF GOLD AND SILVER, 1893. The value of the gold deposited at the mints and assay offices during the year was $50,839,905.53. Of this sum $46,449,841.50 were composed of original deposits and $4,390,064.03 were redeposits. Of the amount deposited $33,286,167.94 was classed as of domestic production, $8,541,027.11 foreign gold coin and bullion, $3,830,176.02 old material, and worn' and uncurrent domestic gold coins $792,470.43 The deposits and purchases of silver during the year aggregated 65,822,135.19 fine ounces, the coining value of the same in silver dollars being $85,103,366.67. Of this sum $73,666,045.23 was of domestic production and $2,901,180.96 foreign bullion and coin; and of worn and uncurrent silver coin, $6,913,179.96; old plate, etc., $753,426.46, and redeposits, $869,534.06. The amount of silver purchased under the act of July 14, 1890, during the year was 54,008,162.59 fine ounces, costing $45,531,374.53, and the average price, $0.8430. The total amount of silver purchased under the act of July 14, 1890, from August 13, 1890, to November 2, 1893, inclusive, was 168,674,590.46 fine ounces, costing $155,930,940.84, the average price per ounce being $0.9244. of the silver purchased under this act, consumed in the coinage during the year, there were 4,133,029.56 fine ounces, costing $3,784,417.64, and the number of silver dollars coined was $5,343,715. The seigniorage on this coinage was $1,559,297.36. The coinage during the year consisted of 97,280,875 pieces, valued as follows: Gold.......... Silver dollars........ Subsidiary silver.. Minor coins..... Total.. $30, 038, 140. 00 5, 343, 715.00 7,217, 220. 90 1,086, 102.90 $43, 685, 178.80 The total amount used in the coinage of silver dollars under the act of July 14, 1890, has been 27,911,259.48 fine ounces, costing $29,110,186.61. The total number of silver dollars coined was 36,087,285. The total seigniorage was $6,977,098.39, leaving a balance on hand at the mints of 140,699,760 fine ounces, costing $126,758,218. a part or the whole of the State of Nebraska. I am -Senator Chas. F. Manderson, Nebraska. COINAGE, SEIGNIORAGE ON SILVER, 1893. The balance of profits on the coinage of silver on hand at the mints at the commencement of the fiscal year, July 1, 1892, was $70,964.25. The seigniorage on the coinage of silver dollars during the year amounted to $1,559,297.36. and on subsidiary coinage $65.05, a total of $1,559,362.41. From the seigniorage there were paid during the year for expenses of distributing silver coin, $24,382.12, and for reimbursements of silver was. ted by the operative officers and for bullion sold in sweeps, $8,075.05, leaving the net profits on the coinage of silver for the year, $1,526,905.24. Of this sum $1,396,109.87 was deposited in the Treasury during the year. The balance of profits on the coinage of silver on hand at the mints June 30, 1893, was $201,759.62. Including the balance on hand at the mints July 1, 1878, the net profits on account of the coinage of silver from that date to November 1, 1893, paid into the Treasury of the United States, aggregates $74,262,970.99. The total seigniorage on the coinage of silver under the act of July 14, 1890, from August 13, 1890, to November 1, 1893, was $6,977,098.39. Of this amount $78,447.12 was paid for expenses of distributing silver coins, and $60,849.92 to reimburse the bullion fund for wastage of the operative officers of the mints and for bullion sold in sweepings, and the balance paid into the Treasury. COINAGE OF SEIGNIORAGE. (See Silver and Seigniorage.) COINAGE OF SILVER IN THE UNITED STATES FROM 1789 TO 1893. STANDARD SILVER DOLLARS. From the establishment of the Mint up to 1805 there were coined 1,439,517 of the Units, or standard dollars. At the ratio of 15 to 1, these were worth more as bullion than as coin, and consequently they were shipped abroad. On May 1, 1806, an order was issued by President Jefferson, through Secretary Madison, suspending their coinage; and for 29 years none were made. In 1835, 1,000 were coined. In 1837, and afterwards, a small number each year. These were at the new ratio of 16 to 1 made by a change in the weight of gold coins. From 1793 to 1873 the total number of dollars coined was,7,921,238. Since that date the number has been, 419,332,450. The total value of silver, of all kinds of coin, from 1793 to 1873, was $155,471,901.50. And the total from 1873 to July 1, 1893 $522,449,425.70. It will be seen that since the "demonetization" of the silver dollar, and its restoration, we have coined as many dollars every four months as "the fathers" did in eighty years. COINAGE, SILVER, PRICE OF, IN 1893. The price of silver July 1, 1892, was 88 cents, the highest price attained during the fiscal year. The closing price on June 30, 1893, was 65 cents, a difference of 23 cents per ounce. The average price for the year was 841 cents. Late in June, India closing her mints to the coinage of silver, the price declined rapidly from 38 d. to 30 d., which was equal to a decline of 8id., or about 17 cents. us: "Every day that the sun rises upon the Ameri- -Hon. Thomas Updegraff, Iowa. COINAGE, SILVER PURCHASED BY THE GOVERNMENT SINCE 1873. The total amount of silver purchased by the Government from March 1, 1873, has been as follows: COINAGE, SUBSIDIARY SILVER, IN 1893. During the fiscal year ended June 30, 1893, the coinage of subsidiary silver aggregated 28,947,461 pieces, of the nominal value of $7,217,220.90: consisting of $3,266,630 in half dollars; $2,848,618 in quarter dollars and $1,101,972.90 in dimes. Of this coinage $607.75 were manufactured from purchased bullion, and $7,216,613.15 from worn and uncurrent silver coin transferred from the Treasury for recoinage. Worn and uncurrent silver coin of the nominal value of $7,618,198.25 was transferred from the Treasury to the mints for recoinage. These coins, upon melting, were found to contain 5,940,544.90 ounces of standard silver, the coining thereof in subsidiary silver coins being $7,381,289.58, showing a loss of $236,908.67, which sum was reimbursed the Treasury from the appropriation for loss on recoinage of worn and undercurrent silver coin. COINAGE OF THE WORLD, 1890, 1891, 1892. The above figures represent, as nearly as the mint has been able to ascertain, the total value of the gold and silver coinages executed in the world during the years therein named. COINING VALUE OR MINT PRICE OF GOLD AND SILVER. The rate per standard ounce at which the mint converts bullion into unlimited legal-tender coins. Silver ruble calculated at coining rate, $0.7718. Silver florin calculated at coining rate, 80.4056, under the coinage act of August 2, 1892 since the 4th day of March, 1893. COINAGE OF SILVER, ONLY COUNTRIES WHERE NOW FREE. The only countries whose mints are open to the free and unlimited coinage of silver, are Japan, Mexico, United States of Colombia, Bolivia, Chile, Ecuador and Peru. Silver coinage in all other countries being on government account only. COLOMBIA. In Colombia the standard is silver; the monetary unit is the peso; the value in United States money is $0.61.3; the coins are gold: condor ($9.64.7) and double condor; silver: peso. The ratio between gold and silver is 1 of gold to 154 of silver. COLORADO. Area 104,500 square miles. Enabling act passed March 21, 1864-Constitution formed August 12, 1864-Act to admit as a State passed Congress; vetoed by the President May 15, 1866-Another act to admit passed Congress January, 1867; vetoed by the President January 28, 1867-enabling act passed March 3, 1875-State Constitution formed March 14, 1876-by proclamation of the President, admitted as a State August 1, 1876. Legislature composed of 40 Senators and 80 Representatives. Meets biennially, (Jan. 8, 1895.) State elections, biennially, Tuesday after 1st Monday in November, (1894.) SENATOR HENRY M. TELLER (REP.) term expires March 3, 1897. SENATOR EDWARD O. WOLCOTT (REP.) term expires March 3, 1895. CONGRESSIONAL DISTRICTS. 1st. Population, 204,650; voto 1892, Dem., 20,004; Rep., 17,609. 2d. Population, 207,539; vote 1892, Dem., 31,589; Rep., 19,572. COMMERCE. (See Transportation.) CONFEDERATE CONSTITUTION, TARIFF CLAUSE OF. "The Congress shall have power: "To lay and collect taxes, duties, imposts, and excises, for revenue necessary to pay the debts, provide for the common defense, and carry on the Government of the Confederate States; but no bounties shall be granted from the Treasury, nor shall any duties or taxes on importations from foreign nations be laid to promote or foster any branch of industry: and all duties, imposts, and excises shall be uniform throughout the Confederate States." |