The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-12-14
Richmond 1ispatfh.
wypNrspAy. DECEMBER H. 1881.
Ano,,t MONEY.


,.,r, ,or the wear ending June 20, 1881, i
an interesting document. There are stated
:, IL many facts which were not easily ODD
.a;n,b,c. and to procure which cost the
y,ureau Of tho Mint much labor, trouble,
md expense, We give some OF them
y,hc bullion and coin received and ope-
r.,.d upon during the year at all the minis
ana assay Offices, including redeposits,
contained sisS. s7i, loi.Oi Of gold and &c.,
s.4. s2i.45 Of silver, total OF s226,2Zo'-
yoa W--excecding in value the receipts OF
sny previous year by moro than s5c,OOo,oOo'
Note what quantity Of gold az COM
narcd with silver.
Tho value Of the total gold coinage OF the
,oar was s7s, T33, s64, and OF the gold o"i-
ION uncoined at lis close sS6,5is,CH'So, .
portion OF the deposits having been pdoin
fne barS.
The silver coinage amounted TO S27,Gi9,-
$3.50.
There were in circulation on the LIST OF
November. 1851, s3i,o96,527 OF standard
SILVER dollars. There were in the Treasury
a the same time SIS, SSs,77O held for the
payment or redemption OF silver cer'in-
os,e- outstanding. The total coinage VI
st,adard silver dollars up 10 that time had
amounted TO slc0,G52, 7Oj. The sum OF
81. 737. COS i held in the Treasury Tor dis
nlbution. The report says:
1.-THE silver circulation OF this country
tsiore the close Of this fiscal year VIII
amount TO 5000. 900, 900. and will suffice Tor
tho need, OF our people for coins OF the do
termination Of one dollar and lcss.'
The director Of the Mint suggests that
4 might bc well 10 suspend the further COIN
az OF silver until European Governments
aaree 10 coin Il A. they do gold; ana !e'
i,e saws II thi, latter agreement were made
The ratio Of tho value OF gold to silver
uo,,ld "doubtless" be fixed at l5S to !.
Our ratio il i6 10 +. - that in the event
expected. silver would appreciate in value
by over per cent. ON the other hanu, ne
repeats from former report the predic-
non that "should the SJj0,O00.0OO OF sill
Der coin now ull legal tender IN Europe
~ dcmonc;izcd, The United States could
not, singlc-handcd among commercial na-
IRONS. with No European cooperation or
alics, sustain the value Of silver from the
inevitable fall.
Virginia mines produced last year eleven
shousand dollars Of gold, but no silver.
The mines OF all the States and Territories
produced a3G, 100000 OF gold and 242,fOO
900 Of silver.
''he New York Assay office supplied last
yes,. 10 manufacturers sj,72J,S3S OF gold
and SJ,12s.93 Of silver.
The total circulation of United State,
.ojr on the S0th June last was Si43,01I, 023
ri gold and 7f,53i.766 OF silver.
The specie circulation Of Great Britain
ID, The close Of 1850 was estimated to be
500, 3sl.51i gold, and s92,26S,973 silver, or
net quite of gold to Of silver.
rhe total product Of the mines OF the
world for 1880 was Of gold $lO7, OSTG97,
and Of silver SS7,6l3,O72, or about thirteen
cents TO each inhabitant Of the world. But
~ S76,O0O,O00 OF gold and S35,0OO.OOO OF
silver Is annually consumed in ornamental
non manufactures and the arts, the thirteen
t,nts must be reduced to about five.
In the year 1880 two thirds Of the gold
and one third of the silver coinage reported
Fof nine of the principal countries OF the
void was executed by tho minis OF the
Uui,cd States. Who would have guessed
,has?
The Mint at Philadelphia sold last (iiscnD
year 113 gold medals, 1.l24 silver ones. and
Aa5 bronze ones. Also, 3G gold proof--ets
ana 1905 silver ones: Value OF medals,
Se,o9s.41; OF proof sets, S5,sOS. Thu work
WIS done for schools, colleges, societies,
D., 10