Savannah morning news. [volume] (Savannah) 1868-1887, 1881-11-28

WASHINGTON, November 27.-The annual
report Of the Director of the United States
mint for the year ending June 30, 1881, has
been submitted to the Secretary of the
Treasury. 1t contains, in addition to the
customary detailed statements OF the
operations OF the mints and assay
offices, and much valuable infor-
nation regarding the production of
the precious metals 10 the United States
and the world, their use in the coinage Of
this and foreign countries their cousump-
tion in the arts and manufactures, and a
comparison of metallic and paper circula-
tion for a series of fiftysfx year. The gold
and silver received and operated upon by
all the mints and assay offices, exceeding by
more than fifty million the receipts of any
previous vear. amounted TO. In r0upd num-
bers, $226, ,000,O00 Of which $193, ,00O, 900 was
gold and $33, 600 600 silver. This large
Increase, Director Burcbard says, was due
TO the continued Influx of gold from abroad,
over S95 600 900 deposited being from thas
source alone. The coinage facilities Of the
mint have been tested to their fullest extent
In eoining this bullion into coin. The gold
coinage OF the year amounted TO $40 600, 900
ard that of silver to $40 600 900. about $28,-
100000 Of which was standard silver dollars.
or the coinage of silver dollars during the
year 17,706, ,924 were distributed. The to-
tai coinage of silver dollars since the pas
sage of the act for their coinage up to No
vemher LIST was 500, ,672 705, of which $34 -
100000 are In active circulation, $50 ,000 900
Is held by the Treasury for the payment of
outstanding silver certificates, and about
IS .OOO, 900 are also held for ordinary dis
bursement
From the data received at the Mint Bu-
h. Il H.
OF the United States during the last fiscal
year to have been. of gold $50, 500 900. aud
OF silver $42 100 900, total OF SIS, SOC, 600.
The inquiries inaugurated regarding the
annual consumption of gold aud silver in
the arts and manufactures show consump-
tton by manufacturers OF jawelrv and other
articles amounting m $4,000. 900 in gold
aud nearly 50 500 900 in silver during the
year.
The Director estimates that on June 30th
last, the gold coin circulation in the United
States amounted to SAC, 900 600, and silver
Sl71. 500, 1000.
Referring to the labors of the Iuterna-
tionsl Monetary Conferences at Paris, 10
April last, be says: "In view of the failure
Of the conference to agree upon any practi-
cal measures, AID while awaiting its future
action, 1t is a question for our serious
and early consideration whether It is
not desirable to suspend the further
coinage of silver. until by international
agreement and effective legislation a united
coinage OF silver aud gold, at a common fixed
ratio. shall have been authorized by the
principal commercial nations of Europe and
America
From the data received the Director est
mates the worlds production of gold for
the calendar year, 1880, at one hundred and
seven million dollars, and OF silver at eighty
seven and ore half millions. The consump
tion of the world in OrnamentatioD, manu-
features and the arts for the same period is
estimated at seventy-dve millions of gold
and thirty five million dollars of silver.
The estimated circulation of the principal
countries OF the world is placed at SO, ,22l -
600 600; full legal tender silver. 81. 115,0O0 =
600; limited tender silver. 1923 0O0, 900 To-
tai IT specie IS, ,750, ,OOo 600; paper, So 644,-
0OO O00