The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1880-12-09
Or COIN ANn sIlyrR.

ORR GOLD AND SIIyi,R.
The annual report OF the director
ofthe mint shows taat deposits Of
gold bullion at the minis has been
greater during 1880 than ever before.
aggrcgating S96.s3j.O96, and exceed
ing by nearly SSooo0.OO0 the highe=t
previous deposit ofls6l. This grain
was not the result of increased ,te-
positofdomcsiicproduction.ofwhich
S35.s3l.s55 were received. n against
over $SS.5c0.000 the previous year.
The receipts of domestic silver bnl-
lion were $S2.l32. 1876; foreign coin
and bullion. S2.219.l05: plate. jew
elry and American coin. $26. S66.OJ1:
total. S34.b4O.522.79. The coinage of
gold. although heavier than in any
previous y5ar. could not keep pace
with deposits. and SIS, 46S,S74 of
gold bullion remained mcoined at
the New York assay Office and the
Philadelphia mint at the close of the
fiscal year. Themints, however. aug
mented the circulationSS4 S70,I44,ad-
ding S56,l57,7S5 i'll gold, S27,942, 437
in silver and S269.97l III minor coins.
The total purchases of silver bullion
during the year amounted TO 1896
2j7. 1873 standard ounces at a cost of
$24,972,1 61, being an average pur-
chase OF :S2,081 Oh worth of silver
bullion per month. The total coin
age standard silver dollar has been
$72,S47,7 $50. The amount on July /,
1879, was S7.653.649, and on July l,
1880, $40, 309,435: an increase in cir
culation during the year of Sll.655.-
1856. The circulation was further in
creased to November l. 1880. by the
issue of $6,453,S56. making a total
in circulation at that date of $780,
763.291. The remainder of the coin
age, S4S,0S4,459, was in the treasury.
Sl9,7S0,241 being held for the
redemption of silver certificates
and S2S.304,218 for distribution.
OF the latter. Sl2,91S,505 was
still in the minis. The pro-
duction of gold and silver in
the United States during the fiscal
year is estimated at $36,OO0,OOO gold
and S37, 100000 silver, and $10OOO,O0O
of the one and $5,OOOOOO of the other
have been used in the arts. The
most interesting portion of the re-
port of the director of the mint re-
lates to coin circulation.
The estimates. starting with S135.-
000.000gold and S5,000,000 silver coin
| in 1873, have been continued to No
vember l. 1880. BY adding the year
| IL coinage less rccoinage, and coin
imports less exports. show an in
crease in coin circulation for the
whole period Of S240.323.SS1 gold
and $I47,277,544 silver coin. The
gain in coin in This country and Of
| bullion in the mints since January L,
1879, the date fixed for resumption,
| amounts to 27.399,428. of which
$l75,701 ,904 is in gold and SOL ,697.-
| 521 silver. On June 80, 1880, the
amount of United States gold coin
in the country was 1855, 958.691. and
silver coin S142.597, 020. These
amounts were further increased by
November /, 1880. by the net coin
age and import of S16.365,190 gold
and $9,6S0.524 silver. making
| the total amount of United
States coin at the latter date 1921
! COL, 1875 of which S375.323.S91 was
gold and Sl52,277,544 silver. The
minis and assay offices held i'll addi-
ton bullion, which is being coined
as rapidly as facilities will admit, to
| the amount of S7S.558.911 III gold
and S6,043,3 67 III silver. making a
grand total of coin in circulation
and bullion available for coinage on
| the 1st of November of S612, 203.603,
$453.882,692 of which is gold and
S159,320.911 silver. OF the amount
of United States gold coin in the
| country November 1st, S62.167. 141
| was in the Treasury, $112,777, 602 held
by banks. and $200,379.12S in private
hands, of the silver coin 47,0S4, 459
standard dollars and 24,629, 4S9 in
fractional silver were held by the
treasury. The national banks report
S5,330.357 as to amount of silver held
by them, leaving $75, 233, 239 in other
banks and in general circulation.
BY comparison Of these figures with
the statement made by the director
of the mint November 1, 1879, it will
be seen the treasury gold reserve
has diminished to the amount of
S5T, 753,72 in coin, but holds over
100000 bullion. The silver coin
in the treasury has increased to the
amount of 81, 324,S4s; the banks
have increased their stock of coin
to the amount of $S9,147,SS4 in gold
| and Sill, 014 in silver. and amounts
in private hands has been increased
by S38, $4,000 gold and $9,085,828
silver. -9' ~.