Memorandum from the Superintendent of Coining to the Superintendent Concerning Operations with Water-Cooled Molds

Memo to Mr. Gillin (cont'd.) 0-47110 Page 2. The above data has been recorded from actual production figures over a period of about two months. Samples of cut clippings were forwarded to the Director's office for observation. As to the Director's inquiry relative to multiple stamping. We have designed a 250 ton press for stamping six cents or dimes, four nickels or quarters and two halves. This machine will not take up any more space than our present machines but will be taller. It will be single geared, approximately 90 revolutions per minute and carries an air-clutch which will prevent blanking of coinage dies. Vee-Belt drive, seven and a half H.P. 1800 R.P.M. Louis Allis adjustable speed motor. The automatic feed will consist of a motor instead of the old pulley and belt drive allowing a more positive feed to the duals. Dies and collars for the extra feed will have to be worked out with the Director's office. Ye have the blueprints of the press showing the set-up but I desire to hold them and not send through the mail. At the time we worked on this press with the manufacturer, the price was to be around $20,000. Now due to the war and rising prices. it will run around $28,000. As for space, this machine will require a press room about one-third the present size. This is important especially in Philadelphia, where I under- stand they are planning a new Mint. Due to mechanical work being performed by the companies that are in- stalling the rolling equipment, a full scale operation has not been possible. This work is now completed and full production is assured from now on. /s/ Joseph W. Steel Joseph W. Steel Superintendent - Coining