The Middlebury register and Addison County journal. [volume] (Middlebury, Vt.) 1883-1885, 1885-11-06
GOLD AND SILVER.
Annual Report Of the Director
of the United States Mint.
The Worlds Production Of Precious
Metals During a Year.

DR.. James p Kimball, director of the
mint, has submitted to the secretary Of the
treasury his annual report of the operations
of the minis and assay Offices of the United
States for the past fiscal year. Following are
the most interesting features of the report:
The value of the gold deposited at the
minis and assay offices during the year was
$50, 74S, 752. The value Of the silver deposited
for bars and purchased for coinage, comput-
ing rate in silver dollars, was S3S, 0S2, s22
The total coming value of the gold and sill
yer deposited and purchased was 1914, $50, $40,
against SS7, 955, 154 in the previous year. The
decline in the production of gold on the Pacific
coast is shown by the continued falling Off of
deposits at the mint in San Francisco, the
value of the gold deposited at that institution
having declined over $1,000 0)O since 1881
The total imports OF gold bullion into the
United States was s., SO, 237. Over s., 000,-
900 reached this country that was not entered
at the custom houses. The imports of silver
bullion amounted to s 1880, 3S4. The imports
of gold coin amounted to SIT, S42, 4j9, OF
which So, 352, $50 consisted of our own coin
and $l4, 100, 800 of foreign coin The import
of silver coin was SIP O2O. 243, of which $OI3,-
926 was our own coin. The exports of gold
bullion amounted to only 1895, $50, nearly all
of which was United States bars Of silver
bullion the large sum of $50, 422,f24 was eN-
ported, only 81 100000 of which consisted OF
bars bearing the stamps of United States
minis or assay offices. From this it will be
seen that about Sl9, 000,000 of the silver pro
duction of this country found its way abroad
by export
The total value of the gold bars exchanged
for gold COIN s., 0jj, O2l, against So, 500, I90
the previous year, showing large falling off
in the demand for gold export.
The number of silver dollars distributed by
the minis during the year was 2O,3I3, G26 The
number in circulation increased from 9,'9l,-
Sl3 on July /, 1884, to A, 21J, 40 on October
1855 The amount increased i'll tho treasury
during the same period from Sl35, 5C0,9l5 to
Sl6j, 4S3, 121.
The director estimates the amount of gold
and silver coin in the country ON July |,
1885, at SS200O0, 600, of whi' Z $542, Uon, 900
consisted of gold and S21S, 90 900 OF silver.
This amount was owned as follows: BY the
treasury-Gold, S55,223 100; silver, S95, 49,
OG5; a total of ;l4S 81, 225. By national
banks-Gold, S1G5,515, S67; silver, Sll,97S,-
S33; q total of $111, 554, 200. BY other banks
and private hands-Gold, $323, 80, GO9; silver,
$17l, 12G, 303; a total OF S495, l0l ,9l2
The director estimates the production of
the world to have been during the calendar
year: Gold, So, 900, and silver, circu-
lated in most cases at its coming value, S1l5,-
100000. SO far as advices have been re-
ceived, coinage was executed i'll eighteen
countries of the world, amounting in round
numbers to nearly Sl00,OOO,OJo in gold, and
$4,000 OOJ in silver. AS heretofore, the
United States has been the largest coiner Of
both metals. The coinage of gold in Australia
was only 81, 10000 less than that of the
United States, and that of Russia was within
$4,000, 900 of it. Germany coined nearly
Sl4,0JO,0OO and Great Britain over s11, OO0,-
coo. In the coinage of silver Mexico was
but little behind the United States. having
coined S350O0,O 900 to our 2S,OJO,000. The
silver coinage of India was only Sl3 500, 0bJ-
large decline from the coinage of that
country of recent years