Operations of the Mint.
--From the report of the
Director of the United States Mint,
Philadelphia, we learn that the amount of bullion, in value, received at the Mint and branches during the fiscal year was as follows:
Gold, $31,065,549.74; silver, $1,183,405.23; total deposits, $32,248,754.97. From the profits of the bronze and nickel coinage, the Mint has transferred to the Treasury of the
United States, during the fiscal year, $400,000, and a few weeks after the expiration of the year the further sum of $400,000 was in like manner transferred, the fund remaining being sufficient for all the purposes of the coinage.
It is suggested that from this nickel alloy a five-cent coin could easily be made, and which would be a popular substitute for the five-cent note.
The Director of the Mint has been authorized by the
Secretary of the Treasury to place upon all the gold and
silver coins of the
United States, susceptible of such addition, hereafter to be issued, the motto, "In God we trust." It is expected that before the close of this calendar year the gold and
silver coins of the Mint of the
United States will have impressed upon them, by national authority, the distinct and unequivocal recognition of the sovereignty of God, and the nation's trust in him.