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.
UNDOUBTEDLY THE FIRST BRICK BUILDING ERECTED BY ACT OF CONGRESS FOR
PUBLIC USE]
Ye OLDE MINT
The first United States mint buildings are indeed historical in more ways
than one, and while a number of suggestions have been made for their
preservation it is highly probable they will eventually be located by the
means of a bronze tablet on the front of the steel and concrete structure
in contemplation for the use of the Frank H. Stewart Electric Company,
who now occupy the buildings adjoining them on the south and east. The
retention of the buildings on the present site is prohibited on account
of the great value of the land and its location in the heart of the
business section, and their removal by private enterprise to another site
unlikely because of the great expense that such removal would entail.
If a few 1804 dollars, which now have a record price of thirty-six
hundred dollars each, should be found in the buildings, their removal
would be rendered easier, provided they were found before the destruction
of the buildings, but this is highly improbable, although there will
undoubtedly be a few coins discovered, as there were when the building
was erected on the Filbert Street lot on the site of the old mint
smelting house, which is contiguous to the Seventh Street lot.
Washington in his first annual address to Congress referred to the
importance of uniformity in the currency.
His second annual address urged the importance of the establishment of a
mint.
In his third address he spoke of disorders in the existing currency, the
scarcity of change, and recommended carrying into effect the resolution
already entered into concerning the establishment of a mint; also
remarked that measures had been taken for procuring some of the most
necessary artists, together with the necessary apparatus.
His fourth annual address referred to employment of artists, both from
abroad and at home, to aid in the establishment of the mint. He also
stated that provision had been made for the requisite buildings, which
were then being put in proper condition, and spoke of a small beginning
in the coinage of half “dismes.”
His sixth annual address stated “the mint had entered upon the coinage
of the precious metals, and there was a pleasing prospect that the
institution would at no remote day realize the expectation which was
originally formed of its utility.”
His seventh annual address called attention to “the necessity of further
legislation for checking abuses in particular quarters, and for carrying
its business more completely into effect.”
It will be seen from Washington’s reference in six out of eight of
his messages to Congress to the currency and mint that he was deeply
interested in the matter and considered it of more than ordinary
importance.
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