Morris tribune., 1883-11-07
SILVER AND GOLD.
Synopsis of Burchard's Report on q
Rich Subject.
Production of the Precious Metals
and Coinage OF the Same Recon-
some General
Statistics of Interest.

WASHINGTON CITY, Nov. 6.-Burchard, the
| director of the mint, has submitted his annual
report showing the operations of the mintS
and essay offices during the last fiscal year,
The receipts of gold bullion fell off from that
of the previous year, owing to diminished
gold imports, but silver bullion received for
bars and coinage slightly increased. The to-
tai amount of gold and silver received and
operated upon was SS7, 75S, 154, of which
$40, l45, $50 was gold and S3S 6l2, ,594 was sill
yer. The total coinage of gold was S35, 1885,
921 Of silver S2S S35, 40, of which $50 Ill, 1l9
was in standard silver dollars. The
profits on the coinage of standard dollars
during the year We're $3, ,701 ,331 and on frac.
t.onal silver 50, 100. The net silver profits
from this source for the last five years and
paid into the treasury were $16,S6o, 80.
Under the provisions of the act of 1878, re-
Quiring the coinage of s., 100000 worth of
silver bullion per month, S154, ,316, ,699
have been coined prior to October
1st, and this with the SS1, 900 900 of fractional
silver in the country, "a total of 1856 000 900 is,
the director says, in excess of the require
ments OF silver circulation. This is apparent
from the fact that there are in the vaults of
the treasury $50 OC0, 600 over and above out
standing silver certificates, besides nearly
S21, 100000 in fractional silver coin. The
director recommends the report of the law
requiring S2,0O0,000 in silver to be coined
monthly, and expresses his belief that the
equal coinage of both gold and silver by all
nations is desirable in order to give greater
stability to values Of commodities and credits
LII. Burchard recommends that the coinage
of the gold dollar and Scent nickel piece be
discontinued.
The production of gold for the current cal
endar year will probably be $5OO.OOO less
than in 1882, and that of silver at least 81
O00,GO0 greater, which will make the produc-
ton 100000 of gold and nearly
$49,000,0O0 of silver. The consump-
ton of gold in the arts and man
GfaetuIes he estimates at Sl2 2O00, 900. The
estimated coin circulation of the United
States July l, 1888 was $537.O0O, COO gold and
S?2S, 100000 silver. On October l, 1883, is
S544, 100000 of gold and $235, ,000 600 silver.
Elaborate tables appear in the report show
lug the average prices of the principal do
nestle exports during the year and of the
leading commodities in the New York mar
ke5 for the calendar year 1882. From these
tables It appears that the average values
nave not materially varied from
those OF the pre- ious year, while
Tue prices IL The New Ork market indicate
an advance in the average percentage of
prices in 1882 Of l 6-l0 per cent Similar
tables prepared giving the prices, quantities
and values of articles imported into Great
Britain give an advance of 6-l0 per cent.
over the average prices of the previous year.
The report contains also valuable and inter-
estlng information relative to the monetary
statistics and financial affairs of foreign
,+,.11e,
countries is placed at s1O3, 161 532 and of sill
yer $1O9, AS, $50, showing a decrease from
the previous ye,.r of $4,000, 900 in gold and
an increase of St, 1000, 900 in silver. The coin
age OF twenty-four countries was 500, ,906 9S6 |
gold and S107, ,997, ,952 silver. The paper and
specie circulation is given for thirty-eight |
countries as follows: Paper circulation $3,-
S3 92O 9o3, gold s., ,333 49,, 900, silver 50, 712
226, ,0O0