LIST OF NATIONAL BANKS.-Concluded. Name and Place. President. No. W. W. Caldwell...... The National The banks named in the foregoing list are established under authority of an act of Congress, approved Feb. 25, 1863, entitled "An Act to provide a National Currency, secured by a Pledge of United States Stocks, and to provide for the Circulation and Redemption thereof." The first section establishes a separate bureau in the Treasury Department, which shall be charged with the execution of all laws respecting the issue and circulation of a national currency secured by United States bonds, the principal officer of which bureau shall be denominated the Comptroller of the Currency. Sections 5 and 6 enact that associations for carrying on the business of banking may be formed by any number of persons, not less than five, which persons shall make a certificate specifying1st. The name assumed by such association. 2d. The place where its operations of discount and deposit are to be carried on, designating the State, Territory, or district, and also the particular city, town, or village. 3d. The amount of its capital stock, and the number of shares into which the same shall be divided; which capital stock shall not be less than fifty thousand dollars; and in cities whose population is over ten thousand persons, the capital stock shall not be less than one hundred thousand dollars. 4th. The names and places of residence of the shareholders, and the number of shares held by each of them. 5th. The time when such association shall commence. 6th. A declaration that said certificate is made to enable such persons to avail themselves of the advantages of this act. Currency Act. Thirty per cent. of the capital must be paid in before commencing business, and the remainder in instalments of ten per cent. every two months. When the preliminaries are complied with, the Comptroller of the Currency, is authorized to issue a certificate to the association, under which it may commence the business of banking. Section 15 requires that every such association shall deposit with the United States Treasurer United States interest-bearing bonds to an amount equal (at least) to one-third of its paid-up capital, whereupon the association shall have delivered to it circulating notes of the United States to the amount of ninety per cent. of the market value of the bonds deposited. The notes so authorized to be delivered are limited, by Section 17, in the aggregate amount to be delivered to all the National Banking Associations, to $300,000,000, of which $150,000,000 are to be apportioned among the States, Territories, &c., according to representative population. The whole act embraces sixty-five sections, the greater part being devoted to details of regulation of the banking associations provided for, and for the issue, regulation, protection, and redemption of the national currency. There were no banking institutions in 1862-63, at these places. ** Special depositories of the United States. UNITED STATES MINT. "Congress shall have power to coin money, regulate the value thereof, and of foreign coin." "No State shall coin money."-Constitution, Article I. Sections 8-10. In execution of the power above granted, Congress, on the 2d of April, 1792, enacted that a mint for the purpose of national coinage be, and the same is, established at the seat of government of the United States. The seat of government was then at Philadelphia; and subsequent acts of Congress continued the mint in that city. The officers of the mint are-a Director, a Treasurer, an Assayer, a Melter and Refiner, a Chief Coiner, and an Engraver. These officers are appointed by the President of the United States, by and with the advice and consent of the Senate. The DIRECTOR has the control and management of the mint, the superintendence of the officers and persons employed, and the general regulation and supervision of the several branches. The TREASURER receives all moneys for the use or sup | port of the mint, and all bullion brought to the mint for coinage; he has the custody of the same except while legally in the hands of other officers; and on the warrant of the Director he pays all moneys due by the mint, and delivers all coins struck at the mint to the persons to whom they are legally payable. The ASSAYER assays all metals used in coinage, and all coins, whenever required by the operations of the mint or instructed by the Director. The MELTER AND REFINER conducts the operations necessary to form ingots of standard silver and gold suitable for the Chief Coiner. The CHIEF COINER Conducts the operations necessary to form coins from the ingots, &c. delivered to him for the purpose. The ENGRAVER prepares and engraves with the legal device and inscription all the dies used in the coinage of the mint and its branches. Besides the mint at Philadelphia, Congress has from time to time established branches and an Assay Office at the following places: At New Orleans, for the coinage of gold and silver....... At San Francisco, California, for gold and silver..... At Carson City, Nevada Territory, for gold and silver. 3d March, 1835 .............. 3d March, 1835 3d March, 1835 3d July, 1852 21st April, 1862 3d March, 1863 At New York City, an Assay Office for the receipt, melting, refining, parting, and assaying of gold and silver bullion and foreign coin, and for casting, the same into bars, ingots, or disks 3d March, 1853 The branches at New Orleans, Dahlonega, and Charlotte have not been in operation since 1861. Salary. Robert B. Swain, Superintendent. ..............$4,500 William Schmolz, Coiner... Salary. 3,000 4,500 W. L. Denio, Melter and Refiner.................................... 3,500 Benjamin T. Martin, Assayer....... ... 3,000 STATEMENT OF THE COINAGE AT THE MINT OF THE UNITED STATES, THE BRANCH MINT, SAN FRANCISCO, AND ASSAY OFFICE, NEW YORK, DURING THE FISCAL YEAR ENDING JUNE 30, 1863. Total coinage.... 49,108,402 $4,184,497 37 2,872,173 $18,551,598 68 $1,952,381 07 51,980,575 $24,688,477 12 STATEMENT OF DEPOSITS AT THE MINT OF THE UNITED STATES, THE BRANCH MINT, SAN FRANCISCO, AND ASSAY OFFICE, NEW YORK, DURING THE FISCAL YEAR ENDING JUNE 30, 1863. Less Re-deposits at different Institutions (Gold $996,250 86, Silver $126,013 14).. $1,122,264 00 $23,701,837 31 Mints. STATEMENT OF GOLD AND SILVER OF DOMESTIC PRODUCTION DEPOSITED AT THE MINT OF THE UNITED STATES, THE BRANCH MINT, SAN FRANCISCO, AND ASSAY OFFICE, New York, DURING THE FISCAL YEAR ENDING JUNE 30, 1863. SUMMARY EXHIBIT OF THE COINAGE OF THE MINT AND BRANCHES, TO THE CLOSE OF THE YEAR ENDING JUNE 30, 1863. 1793 $408,269,810 10 $98,090,705 49 $3,241,923 55 768,279,944 $509,602,439 14 162,013,116 81 15,136,912 165,459,288 20 New Orleans (to June 30, 1861).... 1838 40,381,615 00 29,890,037 13 94,890,695 70,271,652 13 Charlotte (to March 31, 1861) 1838 5,018,641 50 1,206,954 5,048,641 50 Dahlonega (to Feb ruary 28, 1861). 1838 6,121,919 00 1,381,750 6,121,919 00 $753,438,713 07 $132,954,860 70 $3,241,923 55 880,896,255 $889,635,497 32 |