The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1884-11-01
MINT DROPS.

Facts and Figures Compiled from the An
nual Report of the Director of the Mint
Our Annual Coinage and Production OF
the Precious MetaIs-The Specie Wealth
in Sight-what Other Countries are Doing
in the Same Direction.
WASHINGTON. ID. c., October %.
The Director of the Mint in his annual
report for the last fiscal year, says;
The deposits of gold during the yer
amounted to 4G,32G, 679, of which S29,-
600, 600 were of domestic production.
The silver purchased for coinage aud de-
posted for bars amounted at its coming
value to $50, $40, 290, of which more than
$3l 900, coo were of domestic production.
The total value of gold and silver de-
posted and purchased, Including re-
deposits, was SS7, 955, 55, being about
the same as during the previous year.
The coinage amounted to S57, SS0,92l of
which S27, 1882, SPA weR gold, S2S, 1881
silver, the latter, except about S673, 900,
in silver dollars, and 3l,l74,90 of minor
coins. The coinage OF gold was about
$S,000,0 900 less than during the previous
year.
In addition to the coinage executed
| for the Government, s 900, 900 ia silver
were struck at the San Francisco Mint
for the Hawaiian Government.
Besides the manufacture of coin, gold
bars of the value of S23, S75, $3.50, and sill
! yer bars of the value OF 1859, 1924, were
| prepared at the minis and assay offices.
| Gold bars were paid out in exchange for
! gold coin during the year under the pro.
visions of The act of May 26, 1882,
| to the value of 1926, 800, 900. One
excess of $4,000, 900 ounces of bull
ion, containing S25,0O0,0O0 worth of
| gold, and more than Sl3, $780, 900 wor b
| of silver, were refined at the reineries
connected with the mints AID New York
assay offices.
The purchases of silver bullion during
the year averaged about 81, 000,0 worth
amonth.
The number of silver dollars distrib-
uted during the year exc eded Sl7 900, 000
1t is estimated that the total amount in
active circulation on the 1st of October,
1884, exceeded S4,000,000, being an in.
crease OF S5,000,00O over the preceding
year.
The Director estimates the production
OF the mines of the United States for the
calendar year 1884 at: Gold, S29, COO, 900,
and silver, S4S, 200, 900, which is about
81 100000 less in god and not quite
$50, 600, 600 more in silver than during the
previous year. Persons and firms en-
| gagged in the manufacture and repair of
articles of ornamentation in the United
States, it is estimated, consumed during
the year $50, 100000 worth OF precious
| metals.
The Director estimates the amount of
coin in the country on October LIST, 1884,
to have been: Gold, $557, 900, 900, silver,
$257 ,000,000; a Total amount of 1914,
900, 900. The Total amount of specie and
paper of all kinds used as money in the
United States on the first of October,
1854, the Director estmes at 1900, 000,-
COO, being an increase of more than SIS,
600, 600 compared with the amount which
was in the country ut the same date OF
the previous year. OF this amount
$500, 900 was in the Treasury and 81 1904,
900, 600 in banks and in general circula-
ton. Deducting the amount held by
National Banks leaves about 81 ,094, 000,-
900 in the hands of the general public
and in banks other than National.
The production OF the precious metals
in TWEEN y.one countries, appears to have
been for the calendar year 1888, about
S9i, 900, 900 of gold and about $ll4,000,-
900 of silver-S4, 900, 900 less In gold, and
like amount grtater IN silver than was
reported for the previous year. The
coinage for 1883 in twenty OF the princi-
pie countries of the word, amounted tt
more than SlOI, 900 900 in gold aud SIP,
900, 600 in silver. OF the silver coinage
neatly one-fourth was executed in United
States, and two-tiiths by Mexico and Iu
dia. In the coinage OF gold, the United
States Still stands first, Germany follow
ing with coinage of S2l 900, 600; us
tralia $l6,000,000, and Russia $4,000,
900.
After deducting the specie held IN the
banks and National Treasures, the pa
per and specie in active circulation
among the people OF thrty-nine principal
countries of the world during the las
year is shown to have Mounted to more