had been melted into bars previously.
10.
In the ordinary cause of Minting business—according to which the melting and coining should be going on simultaneously—the mint has never proved its capacity to coin for ten days consecutively anything like $10,000 per day—and I submit that we must test the mint's capacity by results obtained in the ordinary routine of its regular work and not by results cooked up by irregular and deceptive mode of operation.
I do not believe, and I think Mr. Kinder is of the same opinion, that with the present machinery and staff we could count upon, under the most favorable circumstances, a better monthly average than $10,000 to $12,000 Dollars per day. This showing that as far as the Colony is concerned—and that is what the Executive of the Colony is bound to consider primarily—we have entered into what never can be otherwise than a losing speculation.
Freely admitting that if bullion were supplied to us, we might procure additional Machinery and increase the staff—our outlay would be enlarged and annual expenses increased—and it would require probably the coinage of some $40,000 a month to pay expenses, a result which even now hardly appears possible to be achieved.
Page 359
had been metted into bars previously.
10.
In the ordinary
cause of Minting
business- acending to which the melting
and crining should be going on simultaneusly
the mint has never proved
proved it's capacity
to erin
for
len
days
consecutively anything
like 10,000 dollars per day - and In
submit that we must test the mints
Capacity by results obtained in the - ordinary routine of its regular work and not by results Cooked up by irregular and deceptive mode of operation.
an
I do not believe and I think
Mr. Kinder is of the same opining that
: with the present Machmiery
staff
amo
we could counts undu the most
lub
tut abov
گر مجھ کو
results
fores
You ha Allen th miccused
359
on on m
moking
a
favorable circumstances better monthly average than 10 m 12. thins and Dollars per day,
this shoring
that as
for
WA
the
Colmy
is mennist
and that is what the Excentive of the is bound to consider primarily
Colony
we have entered into what never can
be otherwise than a losing speculation.
Loere
freely
Admitting that if bullion supplied to us we might procure additional Machinery and increase
the staff-
our intlay would be enlarged
and ammul expenses increasets,
anst
its would require probably the Crinage
of
some $ 40,000
a result which
a
even
day to pay expenses,
the most sanguine
now hardly amecivo posible to ben
No comments yet.
Private notes are available after approval.