EARNINGS AND EXPENDITURES OF THE REFINERIES OF THE COINAGE MINTS AND ASSAY OFFICE AT NEW YORK FOR THE FISCAL YEAR 1906.

The earnings of the refineries, amounting to $276,891.89, were deposited in the Treasury to the credit of the appropriation for "Parting and refining bullion.”

The expenditures on account of "Parting and refining bullion" during the fiscal year aggregated $272,030.50, showing a net gain of earnings over expenditures of $4,861.39, as shown by the following

table:

EARNINGS AND EXPENDITURES FOR PARTING AND REFINING BULLION FOR THE FISCAL YEAR 1906.

APPROPRIATIONS AND EXPENDITURES OF THE OFFICE OF THE DIRECTOR OF THE MINT FOR THE FISCAL YEAR 1906.

The acts approved February 3, 1905, and February 27, 1906, making appropriations for the legislative, executive, and judicial expenses of the Government for the fiscal year ended June 30, 1906, contained appropriations for the office of the Director of the Mint aggregating $43,170.

The expenditures from these appropriations comprised the amounts paid on account of salaries, supervising the annual settlements at the mints and assay offices, expenses incurred in collecting and compiling the statistics of the production of gold and silver in the United States, the amount paid for incidental expenses and the purchase of and subscription to books and pamphlets, and contingent expenses incurred in support of the laboratory of the Bureau.

The expenditures during the year aggregated $41,021.71, leaving an unexpended balance of $2,148.29 to the credit of the several appropriations.

In addition to the above appropriations for the support of the office of the Director of the Mint, the provisions of the acts approved February 3, 1905, February 27, 1906, and June 30, 1906, contained specific appropriations aggregating $70,000 for "freight on bullion and coin between mints and assay offices." The expenditures from these appropriations for the fiscal year amounted to $60,848.71, leaving an unexpended balance of $9,151.29 to the credit of said appropriation. APPROPRIATIONS AND EXPENDITURES OF THE OFFICE OF THE DIRECTOR OF THE MINT FOR THE FISCAL YEAR ENDED JUNE 30, 1906.

EARNINGS AND EXPENDITURES OF THE MINTS AND ASSAY OFFICES.

In the appendix a table will be found showing in detail the earnings and expenditures for the year.

CONSOLIDATED STATEMENT OF EXPENDITURES FOR SALARIES, WAGES, AND SUPPLIES OF THE MINTS AND ASSAY OFFICES DURING THE FISCAL YEAR 1906.

LABORATORY OF THE BUREAU OF THE MINT.

During the calendar year 1905 there were tested by the assayer of this Bureau 250 gold and 530 silver coins, all of which were found within the legal requirements as to weight and fineness.

In the gold coins the greatest deviation above standard (the legal limit being 0.001 above or below) was 0.0003, while the greatest deviation below was 0.0007.

The greatest deviation of silver coin above standard (the limit being 0.003 above or below) was 0.0013, while the greatest deviation below was 0.0020, as shown by the following table of assays made at the Bureau of the Mint:

PROCEEDINGS OF THE ASSAY COMMISSION, 1906.

The following-named gentlemen were designated as commissioners to test and examine the weight and fineness of the coins reserved at the several mints during the calendar year 1905, pursuant to the provisions of section 3547 of the Revised Statutes:

Gen. Francis S. Dodge, Paymaster-General U. S. Army; Mr. Augustus St. Gaudens, Windsor, Vt.; Dr. G. A. Hulett, Princeton University; Prof. J. S. Ames, Johns Hopkins University; Prof. W. A. Noyes, Bureau of Standards; Prof. W. B. Rising, University of California; Mr. George F. Graves, Bennington, Vt.; Mr. A. B. Chace, Providence, R. I.; Mr. John S. Kennedy, Corning, N. Y.; Mr. E. R. Sharp, Columbus, Ohio; Mr. W. C. Dowd, Charlotte, N. C.; Mr. James Crosby Brown, Philadelphia, Pa.; Mr. John L. McNeill, Durango, Colo.; Mr. Harvey Ingham, Des Moines, Iowa; Mr. George H. Earle, jr., Philadelphia, Pa.; Mr. Marcus Benjamin, Washington, D. C.; Mr. Herbert B. Webber, Ionia, Mich.; Mr. F. C. Stevens, Toledo, Ohio. (Dr. H. G. Torrey; Mr. William Barret Ridgely, Comptroller of the Currency; Hon. J. B. McPherson, judge, eastern district of Pennsylvania, ex officio members.)

The commission met at the mint at Philadelphia on the 14th day of February, 1906.

On motion of Mr. Ingham, seconded by Professor Ames, General Dodge was elected chairman of the commission. Miss M. V. Kelly was chosen to act as secretary.

The roll of the commission being called, the following members answered to their names:

Messrs. Dodge, Hulett, Ames, Noyes, Rising, Chace, Kennedy, Sharp, Dowd, Brown, McNeill, Ingham, Earle, Benjamin (Messrs. Ridgely and Torrey, ex officio members).

The following committees were appointed by the chairman with the approval of the commission:

Committee on counting: Mr. Sharp, chairman; Messrs. Kennedy, Dowd, Earle, McNeill, and Dodge.

Committee on assaying: Professor Rising, chairman; Messrs. Hulett, Torrey, Ridgely, and Chace.

Committee on weighing: Professor Ames, chairman; Messrs. Ingham, Benjamin, Noyes, and Brown.

REPORT OF THE COMMITTEE ON COUNTING.

To the Board of Assay Commissioners:

FEBRUARY 15, 1906.

GENTLEMEN: The committee report respectfully that the packages containing the pieces reserved by the several mints for the trial of coins in accordance with section 3539 of the Revised Statutes were delivered to us by the superintendent of the mint at Philadelphia. That the packages delivered were compared with the transcripts kept by the Director of the Mint and found to be correct. The verification of the packages containing the reserved coins being completed, they were delivered to the committees on weighing and assaying. In the report of those committees will be found an account of the disposition of these coins.

The quantities of coin reserved at the mints for the purposes of the committee were as follows:

Gold coins from the mint at Philadelphia, 841, of the value of $5,497. Silver coins from the mint at Philadelphia, 10, 101, of the value of $1,516.75. Gold coins from the mint at San Francisco, 3,064, of the value of $44,365. Silver coins from the mint at San Francisco, 5,617, of the value of $1,201.80. Silver coins from the mint at New Orleans, 2,569, of the value of $450.50. The coins reserved on account of the coinage executed for the Philippine Islands were as follows:

PHILADELPHIA, PA., February 15, 1906.

To the Board of Assay Commissioners: GENTLEMEN: In compliance with section 3547 of the Revised Statutes, we have taken samples of the coins reserved from the United States mints at Philadelphia, San Francisco, and New Orleans for assay. These samples represent the various deliveries made by the coiners to the superintendents of the several mints during the calendar year 1905.

The results of the assays made of the individual coins and of the same in mass are given in the following schedules. From these it will be seen that the greatest excess in the assay value of the gold coinage above standard at the different mints (the limit of tolerance being one-thousandth) is at

Philadelphia..

San Francisco.

New Orleans. (No gold coinage.)

900, 2

900, 1

The greatest deficiency below standard (the limit of tolerance being one-thousandth) is at

Philadelphia..

San Francisco..

Lewis and Clark Exposition dollar..

899. 8 899.6 900. 2