The silver state. [volume] (Unionville, Nev.) 1870-1903, 1880-12-08
MONEY AND MINT MATTERS.

nual report, estimates the production OF
gold in the United States during the
fiscal year at $50, 900, 900, and of silver
at 49,, 000, He estimates that
800, 600 gold and 81 900, 600 silver of
domestic productions together with
$3.50, 900 gold and $4,000 silver,
United States o0in, was used in manu-
features and. the arts, which, with plate
and jewelrr melted up, and foreign coin
and bullion, IS sufficient to make the,
total consumption of the precious.
metals In the United States 5000, 00o
IN gold and S., oOO, 900 in silver
RaIating to, coin circulation, the es.
timatRs,, starting with Sl35, G00,0 gold.
and SIS, Qo0, 600 silver coin in ISIS, have.
been continued to November lst, 1850,
by adding the yearly coinage, less re-
coinage, and coin imports less, exports,
and show an increase I'D the coin cir
aalation for the whole period of $40, =
3zs,,sSl gold. and Sl47, 81, ga silver
COIN. The gain In coin in. the country
and of bullion in the MINIS. since Janu-
airy |, 1879, the date fixed for resump-
ton, amounted to. SD, 800, AS, of
which Sl75, 70l, 904 is in gold. and $751;
697, 524 in silver. On June 80, 1880,
the amount of gold coin in the country
was $3.50, 95S, 69l and silver coin Sl42,
$4,000. These amounts were fuEthen
increased. by November 1, 1850, by net
coinage. and. import of SIG, 365, 1870 gold
and S9,6S0, 524 silver, making the total
amountof United States coin at the
latter date S527, 60l, 425, of which
1915, 33223, SSl was gold and Sl52, 2117, 544
silver. The Mints and Assay Offices.
held in addition bullion, which is being
coined as rapidly as. the faoiliaes will
admit, 10 the amount of S18,55S, Sill
gold anil Sc, 943, 367 silver, making the
grand, total of coin in circulation and,
bullion. available fop coinage On the LIST
OF November, S6l2, 208, s03.
The work of the Minis has, been nm
usually heavy, the deposits OF gold az
gregating s7S,S35, 900 or $4,000, 600
above the previous highest year. The
chief, source of gain was from abroad.
Tha deposits of silver were only ex-
aeeded in 1878, during the coinage Of
fractional silver and trade dollars. The
coinage of gold, although heavier than
in any previous yean could not keep
pace with the deposits, and S3S, 46S, :
874 gold bullion remained uncoined at
the New York Assay Office and Phila-
delphia Mint at the close Of the fiscal
year.. The MINIS hswevar augmented
the circulation $50, $40, LA; adding
$50, Isl. 1856 gold, S2z. 942, 43z silver and
$3.50, al in minor coins
The total purchases of silver bullion
during the year amounted to 2,426,-
257, l3S standard ounces, at cost of
S24, 792, l6l, being an average purchase
of S2,0Sl,0l3 worth of silver bullion
Per month";. The average Treasury De-
Partment price Of silver bullion of
British standard daring the year was
52.z-l0 pence. Ths total coinage of
standard silyen dollars has been S72,-
SAT, $50. The amount On July LIST, 1879,
was 81 e53, $40, and ON July LIST, 1850,
was Sl9, 800, 435, an increase in circu-
lation during the year of. $ll, 655, 7S6.
The circulation was further increased
10 November LIST, by the issue of &c.
453, S5s, making a, total in circulation at
that date of 525, 1913, 29l. The remain
den of tho coinage, S4s, a34, 459 was in
the. Treasury, sla,7SO,24l being held
for the redemption of silver certificates
and 2S.304, 2lS for distribution
From this, it appears. notwithstand-
ing all that has been said by John Sher.
man., and other singla standard advo-
GATES. against the silver dollar, that if
thu, aeins of that denomination now in
circulation were equally distributed
among the inhabitants Of the United
States thare would not BIS. more than
one dollar for every two persons, and if
all Of those coins boarded in the Treas.