Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1881-12-15
PRECIOUS METALS.
The Gold and Silver Coin Now in
Circulation.

The annual report OF the uiItctOIS "
the minis 10 the secretary Of the treas
ury, now in press. contains in addition
10 the customary details. statements
Of the operations Of the minis and
assay officers; much valuable infOrma
ton in regard 10 the production OF
metal in the United States and in the
world; their use i'm coinage Of this and
foreign countries their consumption in
arts and manufacturing; specie circu-
lation and an examination Of prices
comparing paper and metallic circula-
ton for service Of ffty-six years with
the percentage Of the yearly price to
mean staple articles. indicating the an
nual variations in the purchasing price
Of money: gold and silver received and
operated upon by all the minis and as
say Offices exceeding by more than go
100000 the receipts Of any previous
year, and amounting TO i226. 22j, j22.46
Of which $685. lOl.Ol was gold,
and t32,Sj4,42l.4j Sas silver. This
large increase was due 10 the con-
tinued influx from abroad. over $780,
100000 deposited from that source
alone. The coinage facilities Of the
Mats were run 20 their fullest extent
In converting this bullion into coin.
Gold coinage amounted 90 fIo. I33 Sol.
Of which fl5.3ij,j2O was in double
eagles, and the balance In coin Of lesser
denominations. The coinage Of silver
was confined 90 a minimum value Of
the silver bullion required TO be coined
by law. authorizing the coinage of
STANDARD SILVER DOLLARS,
1887. 9jj Of which were struck or an
average o. about 100000 n month.
or subsidiary coin only Sl2,07l.75 were
coined, and Of base metal OF minor
coins ti0j. 1895. In addition TO the
coinage the minis and assay Offices
manufactured standard sterling and un-
parted bars 10 the amount Of 600, $780,
7506i0 in gold and t6,2i2, 2S235 in
silver. I'm the relneTies 1l,449,-
7A.19-l00 ounces OF gold and silver
bullion were separated and refined,
producing 1926 AS, 2j9.100 ounces of
standard gold. The purchase of silver
bullion for the coinage Of silver dol
lars amounted 10 %, 1876. 020.39 ounces,
standard. at a cost of 81. 57S,9l1.72.
This was obtained 10y direct purchase
In settlement for silver parted from
gold. During the year $l7,706.924
were transmitted for distribution.
The total coinage of dollars since the
passage Of the act for their coinage has
been up TO November /, $100672,6 $50
Of which f34,096.397 are i'm active cir
culation and s5S,SjS,770 held by the
treasurer for payment Of outstanding
certificates, leaving t7,737,6J8 for dis
bursements by the treasury in ordinary
payments. The net actual loss to the
government by wastagc on the immense
amount operated upon during the year
was but fl2,20ilG. From data re-
ceived at the mint bureau the direct
ors estimate the production Of the
United states coins during the
PAST FISCAL YEAR
have been Of gold $50. 100000, and of
silver, at its coinage value. f45, 100000.
u total Of f7S,G0O.COO. Manufacturers
Of jewelry and other articles and ma.
terials of gold and silver reported the
consumption Of over 100000 i'm
gold and nearly S3,jOOOOO in silver.
The assay Office at New York delivered
to the manufacturers during the year
t5.7OOOOO Of gold in bars and Sj.lOO.-
900 In silver. Taken together they APP
pear To indicate the consumption of at
least I'll 100000 in gold and 100000
IN silver. which would probably have
been confirmed had I'll manufacturers
that were addressed promptly respon-
ded. The director estimates that at
the close of the official year the gold
coin In circulation In the United States
amounted 10 til0OOO.OO0. and of silver
coin. tl7l,500.OOO. These amounts
were further increased up to the Ist
Of November AMI ut that date the
amount Of specie. including bullion in
the minis and assay Offices. available
and awaiting coinage. was 1868. 100000
Of gold and flS6.OOOOOO Of silver. a
total OF f7i9,OOO0OO. The silver circu-
lation Of this country before the close
Of this
FISCAL YEAR
will amount 10 s2OO.0OOOOO and will
suffice for the needs Of our people for
coins of the denomination of one dollar
and less. The United States has done
her part toward retaining silver as one
OF the monetary agents for measuring
and exchanging valuables as was said
in the FIRST of the report. Should $3.50.
OOO,OOO OF silver coin now full legal
tender in Europe, become demonetized.
the United States could not. single
handed among the commercial nations
with no European cooperation or allies
sustain the value of silver from the in
evitable. From digest of dispatches.
together with other reliable data. the
directors estimate the worlds produc.
ton OF gold for the year 1880 mt s1O7.-
OOO,OOO and of silver at {S7.5QO.OOO.
and the consumption of the world ~
ornamentation and arts is likewise es-
timated for the same period at $75. 600
600 OF gold and S35,0OOUO0 of silver.
The estimated circulation of the prin-
cipal countries of the werld is placed
at: Gold, 1921, 100000; full legal
tender silver. t2,1l5,O00OOO; limited
tender, 1925, 000, 900; total. specie. &5.-
759,OOO,OO paper, 1854, 100000. The
circulation, including amount held in
the government treasury, banks, and
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