Ye Olde Mint: Being a brief description of the first U.S. Mint, established by Congress in the year 1792, at Seventh Street and Sugar Alley (now Filbert Street) Philadelphia — John Shaqi
Ye Olde Mint: Being a brief description of the first U.S. Mint, established by Congress in the year 1792, at Seventh Street and Sugar Alley (now Filbert Street) PhiladelphiaStewart, Frank H.
History
Ye Olde Mint: Being a brief description of the first U.S. Mint, established by Congress in the year 1792, at Seventh Street and Sugar Alley (now Filbert Street) Philadelphia
Stewart, Frank H.
37-39 North Seventh Street (Philadelphia, Pa.); Historic buildings -- Pennsylvania -- Philadelphia; Mints -- United States -- History; Old United States Mint (Philadelphia, Pa.); Philadelphia (Pa.) -- Buildings, structures, etc.
During the latter part of 1797 it became very apparent that the out-put
of the mint was not sufficient for the needs of the country, and foreign
coins were necessarily continued as legal tender despite legislation to
the contrary.
Elias Boudinot, in a letter from the mint to the President, dated January
3, 1799, mentioned that during the previous summer a scheme for robbing
the mint was discovered. One of the persons in the mint was in collusion
with outside parties. The offenders were detected, prosecuted and
punished.
January 8, 1800, Boudinot reported to President Adams and called his
attention to the fact that fifty thousand one hundred and eleven dollars
and forty-two cents ($50,111.42) of cents, had been coined and that it
was necessary for the Secretary of the Treasury of the United States to
comply with provisions of law of May 8, 1792, by giving the public notice
therein mentioned.
Also brought up the point that the mint was not at the seat of
government, which had been moved to Washington, and if mint was to be
removed steps should be taken immediately regarding it.
Also called attention to workmen in gold and silver melting down coins
for commercial purposes to the loss of the United States.
Mr. Hillhouse, of the committee to whom was referred the report of the
director of the mint to the President of the United States, on January
8, 1800, recommended, on March 18, 1800, that a committee be appointed
to bring in a bill for repealing the first section of the Act entitled,
“An Act establishing a mint and regulating the coins of the United
States....” dated April 21, 1792, and such other sections and parts of
sections of said Act as relate to the establishment of the mint, and to
provide for taking care of the materials and property appertaining to
the mint and which belong to the United States; and, further, that the
Secretary of the Treasury be directed to report a plan for furnishing the
United States with cents and half-cents as shall be deemed necessary or
expedient.
February 13, 1801, Elias Boudinot advised the President that the
Secretary of State, Secretary of Treasury, Comptroller of the Treasury,
the Chief Justice and Attorney-General were not present on the day
specified by law to assay reserved pieces of coins, and that the
depositors complained of their being deprived of their reserved money,
and that the check on coinage contemplated by law was frustrated. Also
mentioned that the act of July 16, 1790, provided for removal of all
offices attached to the seat of government to the District of Columbia
on the first Monday in December, 1800. Called attention to Act of last
session of Congress locating mint in Philadelphia until March 4th next.
[Illustration: PLANCHETS FOR COPPER CENTS, HALF CENTS AND SILVER CENTRE
CENTS, ALSO PIECE OF SCRAP COPPER FROM WHICH A HALF CENT WAS STRUCK, ALL
FOUND WHILE EXCAVATIONS WERE BEING MADE FOR NEW BUILDING 631 FILBERT
STREET. SIZE 15/16 OF ORIGINALS.]
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