New York City. No. 80.-PERCENTAGE OF OUTSTANDING NATIONAL-BANK NOTES REDEEMED AND ASSORTED EACH FISCAL YEAR FROM 1897, BY GEOGRAPHICAL DIVISIONS, Division. Maine Rhode Island New England New York. New Jersey 1897. 1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905. 1906. 73.07 69.24 74.54 70.13 101.62 114.02 83.60 51.11 68.68 70.48 Philadelphia. 63.04 Eastern 59.38 Virginia West Virginia. North Carolina 39.71 75.52 59.88 55.65 32.18 26.75 23.02 22.05 26.25 32.00 34.45 39.59 43.96 36.75 34.49 29.26 25.22 24.59 23.37 25.34 29.89 34.83 40.70 32.97 29.46 22.03 20.65 21.41 28.70 33.41 37.13 24.04 30.62 34.52 40.25 30.84 29.33 27.87 30.68 33.92 38.28 78.28 37.26 29.36 29.56 33.45 35.24 45.82 51.38 39.63 28.22 45.30 32.24 37.35 43.00 23.33 36.79 40.78 33.81 44.06 47.03 35.62 51.22 57.48 46.53 48.72 52.13 48.25 36.04 31.92 31.26 30.43 28.02 29.21 34.06 38.45 42.27 33.56 48.41 33.18 27.12 34.90 No. 81.-AVERAGE AMOUNT OF NATIONAL-BANK NOTES OUTSTANDING AND THE REDEMPTIONS, BY FISCAL YEARS, FROM 1875. No. 82.-CHANGES DURING THE FISCAL YEAR 1906 IN THE FORCE EMPLOYED IN 51 10 5 10 41 14 80 29 528 Total force June 30, 1906 No. 83.-APPROPRIATIONS MADE FOR THE FORCE EMPLOYED IN THE TREASURER'S OFFICE AND SALARIES PAID DURING THE FISCAL YEAR 1906. REPORT OF THE DIRECTOR OF THE MINT. TREASURY DEPARTMENT, BUREAU OF THE MINT, Washington, D. C., December 3, 1906. SIR: I have the honor to submit herewith the thirty-fourth annual report of the Director of the Mint, covering the operations of the mints and assay offices of the United States for the fiscal year ended June 30, 1906, with such available statistics for the fiscal year as may be valuable in connection therewith. OPERATIONS OF THE YEAR. The operations of the mints were reduced somewhat during the last fiscal year, owing chiefly to the fact that there was no silver bullion available for the usual supply of subsidiary silver coins. The stock of bullion accumulated under the act of July 14, 1890, was exhausted and some question existed as to the authority of the Secretary of the Treasury to resume silver purchases. The force in the Philadelphia mint was furloughed three months and the force of the New Orleans mint four months. The work of the San Francisco mint was interrupted by the catastrophe of April 18, 1906. The structure and its contents were saved from the fire by intelligent and courageous work on the part of the superintendent and employees, but as the fuel used for its melting, annealing, and assaying operations was city gas, the destruction of the gas works made a discontinuance of operations necessary. Moreover, the mint, by reason of the destruction of the subtreasury and all of the banks of the city became the only financial institution able to do business in the city and the agency through which all remittances to and from the city and disbursements within the city were made. The mint became the depository and treasury for the relief fund and its superintendent, Mr. Frank A. Leach, had many new and very important responsibilities suddenly thrust upon him, all of which were borne with fidelity and signal ability. The most important development in the mint service during the year was the opening of the new mint at Denver. HISTORY OF THE DENVER MINT. Gold was first discovered in what is now the State of Colorado in 1858, on the Platte River, near the city of Denver, then embraced in the State of Kansas. Colorado was created a Territory by an act of Congress approved February 28, 1861. The discovery of gold in Colorado created much excitement and it was not long before there was a rush for the new gold fields. Owing to the lack of transportation the only means of the outside world to reach there was by wagon and stage across the plains. At times this was attended by great hardships, on account of the hostilities of the Indians. In 1859 placer mining was carried on with great activity, not only on the Platte River, where gold was first discovered, but in other sections of the State. Mining was for some years confined exclusively to placer claims. Miners experienced considerable difficulty in disposing of their product, which was on account of lack of transportation facilities and the want of a circulating medium, and they were frequently compelled to dispose of their dust at a sacrifice. From 1860 to 1862 there were three firms, namely, Clark, Gruber & Co., John Parsons & Co., and John Conway & Co., who manufactured $5 and $10 gold pieces. Of these firms, Clark, Gruber & Co. were the most prominent and did the largest coinage, the coinage of the other firnis being very limited. The mint in Denver was established by an act of Congress approved April 21, 1862. It was exclusively for the coinage of gold and the sum of $75,000 was appropriated to carry into effect the provisions of the act to meet the expenses for the fiscal year 1863. June 11, 1862, George W. Brown, Samuel E. Browne, district attorney, and Samuel II. Elbert, secretary of the Territory, were appointed by the Secretary of the Treasury as a committee to inquire into the expediency of purchasing the lot, building, and apparatus of Clark, Gruber & Co. for the branch mint of the United States at Denver. Dr. Oscar D. Munson, formerly connected with the mint at San Francisco, was authorized to confer with the committee. The committee reported in favor of the purchase of the plant of Clark, Gruber & Co., fixing the value of the same at $25,000, and on November 25, 1862, a formal offer was made by the Secretary of the Treasury to Clark, Gruber & Co. to purchase the plant for the sum of $25,000, which was accepted. It was found that the ground upon which the building was located was preempted by Clark, Gruber & Co., and they had not been able to perfect their title to the same, for the reason that no land office had been established for that district. On March 3, 1863, the following resolution was passed by Congress, enabling the Secretary of the Treasury to obtain a title to certain property in the city of Denver, for the purposes of the branch mint located in said place: Whereas the Secretary of the Treasury of the United States, in order to carry into effect an act entitled "An act to establish a branch mint at Denver, in the Territory of Colorado," approved April twenty-first, eighteen hundred and sixty-two, has purchased of Messrs Clarke, Gruber and Company, the preemptors and occupants thereof, certain city lots in said town of Denver, together with all the valuable improvements thereon; And whereas the said Clarke, Gruber and Company have not, and can not at an early day, perfect their title to said lots by entry of the same at the district land office, for the sole reason that no such office is yet established in said district; And whereas it is highly important for the interest of the Government to obtain at an early date the use and possession of said property to establish and open said mint: Therefore, Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Treasury be, and he is hereby, |