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.
He, on February 27, 1802, in a communication to the Secretary of the
Treasury, calls attention to outstanding contracts for copper abroad
which were obligatory, and the difficulty attending the securing of
copper in the past. Questioned the scheme of importing coined copper
cents because of a chance of a flood of lightweight cents contrary to
law, and suggested that the government would have greater security by
placing contract in United States.
On March 4, 1802, Robert Scott, engraver at the mint, wrote the Secretary
of Treasury, Albert Gallatin, calling attention to the probability
of abolishment of the mint, explained the sacrifices he had made and
desired to be invested with the exclusive privilege, according to law, of
furnishing cents of the regular weight and quality free of all expense to
the government at the face value.
In a letter dated March 22, 1802, Mint of the United States,
Philadelphia, Elias Boudinot wrote the Secretary of Treasury, giving an
inventory of the real and personal property of the mint, as follows:
“Two lots on Seventh Street between Market and Arch, 20 feet each on
Seventh Street and extending back 100 feet, with a dwelling house on the
north lot and a shell of a house on the south lot, which last lot widens
on the rear to about 60 feet on which the stable stands. These lots pay a
ground rent of $27.50 per annum.
“A lot on Sugar Alley at the rear of the above, 20-feet front on the
alley and about 100-feet deep.
“A frame building improved for a large furnace in the commons at the
north end of Sixth Street, of little value, the ground being merely
loaned to us.
“Personal estate—copper planchets on hand, 22 tons.
“Three horses, good for little but for use of mint.
“Machinery of mint no value except for mint.
“Five striking presses.
“Three cutting presses.
“One milling machine.
“Five pairs rollers, great and small.
“One drawing machine.
“Three pairs smith’s bellows.
“Set blacksmith’s tools.
“Large number of hubs and dies.
“Carpenter’s tools.
“Seven stoves.
“One turning lathe.
“Six scale beams, scales and weights.
“Two sets assay scales and sundry adjusting scales.
“Furniture in clerks’ rooms.
“Various implements used in the several departments.
“About 2,000 bushels charcoal.
“Engravers’ tools, pots, bottles, etc.
“An old horse cart and gears.
“About 2,000 fire brick.
“Considerable quantity of old iron.”
Stated machinery was in poor repair and should be moved by steam instead
of horses. Said lots were too small and was greatly cramped for room.
Said lots were then very valuable, being in the heart of the city. In his
opinion the necessary coins of the government could not be protected at
much less expense than the mint cost.
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