Did the Carson City Mint act as a bullion depository in 1886-1888?
GoldenEyeNumismatics
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I'm writing an article, need some help
I know that the CC Mint did act as a purchaser of bullion in 1886, but did it also purchase bullion in 1887 and 1888? Anyone know?
I know that the CC Mint did act as a purchaser of bullion in 1886, but did it also purchase bullion in 1887 and 1888? Anyone know?
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From the Annual Report of the Director of the Mint – 1887 (July 1886 – June 1887)
Page 61:
Under the usual provision for the mint at Carson in the legislative appropriation act for the year, that mint was opened for deposits as an assay office with an acid refinery, in October 1886. Joseph R. Ryan was appointed assayer, and David K. Tuttle melter and refiner, October 5, 1886.
The business from that date to the close of the fiscal year was practically insignificant. Deposits of gold were received for payment of value in coin, or by draft on San Francisco.
Silver bullion was purchased at a cost of $38,629.12, in order to provide a stock of fine silver bars for prompt return of bars for silver deposits. Other deposits of silver were limited to their return in unparted or fine bars.
The melter and refiner operated during the year on 5,436 standard ounces of gold and 55,903 standard ounces of silver, and delivered a surplus in settlement of 22,492 ounces of gold and 421.71 ounces of silver.
Large influx of silver from comstock load in Nevada.
Phily couldn't handle the load, so they commisioned the opening of CC.
Production inefficient and slow.
Lode depleted by 1893.
Red Book: pg17
Also found this at: http://www.tulving.com/carsonct.html
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A serious blow was dealt to the CC Mint when Grover Cleveland was elected president in November of 1884. The first Democrat to hold this office during the mint's years of operation, his election was correctly seen as a threat to the livelihoods of the mint's officers, all of whom were faithful members of the Republican Party. The mint was indeed closed on September 11, 1885 and its employees let go. The mint did not reopen for more than a year, and then only as an assay office. When the election of 1888 sent the Republican Benjamin Harrison to the White House, the Carson City Mint's staff of Democratic political appointees were dispatched and again replaced with victorious Republicans. When the new fiscal year began on July 1, 1889 the mint received the necessary funding to resume coining operations. Due to years of idleness, however, the machinery wasn't ready for a couple of months, and the striking of coins didn't begin until September 9.
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Not sure if that helps at all.
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<< <i>I have the 1880-1887 reports but not 1888, or 1889.
From the Annual Report of the Director of the Mint – 1887 (July 1886 – June 1887)
Page 61:
Under the usual provision for the mint at Carson in the legislative appropriation act for the year, that mint was opened for deposits as an assay office with an acid refinery, in October 1886. Joseph R. Ryan was appointed assayer, and David K. Tuttle melter and refiner, October 5, 1886.
The business from that date to the close of the fiscal year was practically insignificant. Deposits of gold were received for payment of value in coin, or by draft on San Francisco.
Silver bullion was purchased at a cost of $38,629.12, in order to provide a stock of fine silver bars for prompt return of bars for silver deposits. Other deposits of silver were limited to their return in unparted or fine bars.
The melter and refiner operated during the year on 5,436 standard ounces of gold and 55,903 standard ounces of silver, and delivered a surplus in settlement of 22,492 ounces of gold and 421.71 ounces of silver. >>
does it state who else was emplyed at the CC mint? Perhaps someone who was in charge of purchasing bullion?
pp.87-102 have a detailed discussion of the Carson Mint and why it should be permanently closed.
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<< <i>Have you tried Rusty Goe's book " The Mint on Carson Street"? >>
I own a personally incribed copy
<< <i>in the Red book it says:
Large influx of silver from comstock load in Nevada.
Phily couldn't handle the load, so they commisioned the opening of CC.
Production inefficient and slow.
Lode depleted by 1893.
Red Book: pg17
Also found this at: http://www.tulving.com/carsonct.html
"
A serious blow was dealt to the CC Mint when Grover Cleveland was elected president in November of 1884. The first Democrat to hold this office during the mint's years of operation, his election was correctly seen as a threat to the livelihoods of the mint's officers, all of whom were faithful members of the Republican Party. The mint was indeed closed on September 11, 1885 and its employees let go. The mint did not reopen for more than a year, and then only as an assay office. When the election of 1888 sent the Republican Benjamin Harrison to the White House, the Carson City Mint's staff of Democratic political appointees were dispatched and again replaced with victorious Republicans. When the new fiscal year began on July 1, 1889 the mint received the necessary funding to resume coining operations. Due to years of idleness, however, the machinery wasn't ready for a couple of months, and the striking of coins didn't begin until September 9.
"
Thanks for going so far out of your way to get me this info!
Not sure if that helps at all. >>
Thanks for the info!