Arizona weekly citizen., 1881-12-04
Rza0a9 oF ne DRrcroa or THE .. 2. ,-.yr

t The means of tle. authorities of tlse '.
 $. Mint for ob,ainiug Information in re-
 iatiou ,o tao aul!ioa interests or ,Lc rrm.ry a.e yer, complete. a -lc .l.-
 1m@ gel9r o- Ec Director r,ssesses
 much interest in e e n. era. sections of
 Of the countv We therefore 4.va the
 -eicgrapA'e =ummag Of Director Bur
 eharls report:
 ! The annual report oi tie Director of
 t-e JN-ua States Mint, for -l. fiscal
 year ended June 35.h. 1881, contains i, asal-i5u tu She customary detailed .ate- ntnl Di the operations Cf the tTint and
 Assay Offices, much valuable irrorlaa- us- .n regard to tue production of ] tLe prsclous metals iu the United ~t tes . ane ln tle world, their Use in fine com ] age ol J.l5 and foreign countries. the ] consumption in arts and manufactures. ! t-t 5necle circulation and the examina- ] tan Of tAe course of prices, comparing paper and metallic circulation for se- ] TICS or lity-slX years, with the percent 1 age oi tle yearly prices Co the mean pri- ct5 ci t-e staple articles. indicating the annual variations m the purchasing price of money. The gold and silver re- cgiyed and operated upon by all the Aluts and Assay Offices, excce ling by
 more tlau fifty millions the receipts of ] any pTeFlous year, amounted tU S22i-
 -3...i-2, oI which Sls3,31, ,10l was gold. and S52,sj4,4 ,42l silver. This large in- crease was due to the continued inliux
 Of gold frO1l abroad. Over S9J.GNHJ
 Was deposited as being from that source
 alone. The coinage facilities of the
 AIlnts have been enlisted tO the fullest
 extent ln converting the bullion into
 com. The gold coinage amounted to
 SIS. ,~u4, of which SIJ,3i5,j20 was in
 donule eagles, and the remainder in
 colua ol lesser denomination. The coin
 age o- silver was confined to the mini
 mum value of silver bullion required Co
 be coined by law authorizing the coin
 age oi standard silver dollars. SzTGi7.-
 .J5 oi winch were struck: of the sub
 siulary colns, only SI2,gll WeTe coined,
 and of base metal or minor coins S4lJ.-
 l1a The total coinage Of silver dollars
 since the passage of the Act hr their cainaEe up to November list was Si0u.-
 6l-,lU5, of which ~3i GJa 5z7 are in circu-
 lauon, and c5S456.1I0 are held by the
 Treasury for the payment of the out
 standing silver certificates, leaving ST.
 l5..6.- for disbursement by the Treas
 u-y in ordinary payments.
 Referring to the probable restoration ot silver Co its Former place in the none
 ra~y circulation, he says: In view of the failure of the International Monetary Conference to agree upon any practical measure, and while awaiting it's future action, 1t Is a question for our serious an H IaIrr fsl -4 sirable to suspend the further coinage of silver until, by International agreement and effective legislation, tle unlimited coinage of silver and gold at common fixed rates shall be provided for hv the principal commercial nations of Europe and America. Should SGj,O00,0O0 in sil- | yer com, now the full legal tender in Europe, be domouetized, the United States could not, single handed among the commercial nations, without Europe ap -c0-operatloR Or alhes, sustain thef value of silver from an inevitable fall i Wltl that danger menacing us We cannot l " tlOu5 serious embarrassment continue l such coinage unless the other commer. cIa. nations will agree upon the general | use of silver as well as gold, and the | standard of coinage in use among the | nations composing the Latin Union, | would doubtlcss be chosen. This would l cduse, if the coinage of silver as well as | gold at all the Nlnts of the world were | made free as bi-metallism implies, the | voluntary withdrawal from circulation of | the standard dollars and their recoiuagc. ! In such case, the further coinage of sil- ! yer dollars of the present weight. unless | needed for circulation, Is a useless ex- ! psujitUre.
 Director BurchaId estimates the ! worlds production of gold for the caleu- l Car wear of lS-D at SlO7,0000O0 and of ! silver, SS1. .5OOGDp. The consumption of | the world in omameutation, manufac- | tGras and arts is estimated for the same | period at SIJ,u0,pOu gold and S3j.OlN- ! UUH silver. It Is estimsted that the cir | culatioH in the principal countries of the l world are placed at: Gold, S3,22l ,0lO- | Ol1: fall legal tender silver, S2,15j.OOO,- l UU: limited tenders, Si23, 3,OOO,uOO. Total | specie, SJ,lJ6UMUOO; paper, S3,644,OOO,- | U1-maEing a total circulation, iuclud- | ing the amount held in the government | trtasurIes and in active circulation, s. l fNWMW|. Upon the subject of the | course of prices, and indicating annual | variations in the purchasing power of l money in the United States, the director | has prepared tables showing the average ! annual prices in both gold and currency ol leading staple articles in the New 1 York market for tifty-siX years, with the mean price of each, and also the relation | which the average annual price bears to . the mean price for the whole term of l years. The mean percentage for each ! year of all the articles named furnishes | the basis for measuring the purchasing 1 power of money, and is instructively l compared with the per capita circulation . and estimated wealth for each year.