The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-08-10
OUR WEALTH.
The Report Of the Directors
Of the Mint. IA
UTAH IssAIDToHoLD HER own
The Predictions Ane Imports and HI
perts OF Gold and Silver
for 1885
Gold and silver

WAsEIEe1oE, August B.-Dr. JsmSs
p. Kimball, director Of the mint, has
completed his report on the production
Of gold and silver in the United States
during the calendar year 1885 The
production OF gold is estimated at ST.
$40 600; aninerease ofS1 ,O00, 900 over The
estimate for the calendar year 1884. The
production OF silver for the calendar
year 1885. calcnlat d at the coming
rate in silver dollars, Is estimated al
ISL COO. 0VO against $46 500, 600 in 1854 an
increase of$2 500, 001. Colorado still re-
tains the foremost rank as the largest
producer OF precious metals. California
maintaining the second place. The most
notable changes have been IN Montans
md Idaho. the production ofthe former
having increased from 80 000, 90 in
1881 TO near SIS 500 600 in 1885. and the
latter from 50 sac. 900 in 1884 10 IS. 30o,-
loo IN 1885. Nevada, Utah, New
Mexico and Dakota still bold their
Arizona has slightly increased. -
The coinage executed during the
calendar year at the coinage mints con
sisted Of 47.641.62l pieces Of the face
value Of $56,826. $40, OF this amount
Z. coz ,3l5 pieces. valued at 81 rs ol3.'
consi ted Of gold coin. and 81 826, 81
pieces valued at $26 9c2. 176 OF silver
com. The remain der Was minor coin
The number OF silver dollars coined
during the calendar year 1885, wax
2S,6eT, 767. In addition 10 the coinage.
gold and silver bars Of the value Of $2z
40 oe5 were manufactured by the minis
and assay Offices during The year.
The total value Of bullion and coin i'm
ported into the United stzies during
the calendar year WAS 41.41S.129, OF
which IS 30, 900 consisted Of bullion ard
$50, n9s 100 of coin. Ofthe total imports
SO SIS 81 consisted OF gold ano sl7,
772. SIS of silver The total exports OF
during the same year Esres44 e97, 7i9, o.
which 81, AZ .207 was gold and $50 go
642 silver. Will the United States lost
bynet expectation during the year SIS,
5os. 0S4 in oliver, it gained 81 -, $50 BY
Che net Importation OF gold. The ne
port contains an elab rate Nv of the
oJin circulation OF the United States. I
The directors advance estimate Of
January LIST, 1885 is revi wed as well s-
the, Estimates Of his predeces or.
Bone stu errors In earlier
estimates have been corrected.
A deduction from the stock of gold
ooin OF sis $50 9e1 is made for bull
hon IN the Treasury on July 1sts
1873, .herstofore included rs coin
and for an error in the ex-
! IHsts 81 Gld . ceil q q sSsies ,0f Tb
With $50 COO, 900 deducted IN his annual
fiscal report, makes asstotal deduction OF |
Sc. 32f,6o6 from the estimates by bis \
predecessor Of the stock Of gold coin in |
the United States. The director est
males the amount OF gold coin In the |
United States on January LIST, 1886, 70 |
have been $3.50, 485 4c3; Of silYer-of |
dollars. $21s .25e, 76l; subsidiary silver. |
So, 034. Ill: of our total stock of |
coin $s26, 779, 325 OF the stock OF |
gold coin the Uni.ed States
treasury had over and above out
standing gold certificates, $T5.434, $40 |
and national banks, Sl56.353, $50, in
cludng treasury and eiearins- house
certificates. /
one hundred and fifteen State banks
and trust companies held November LIST, |
1855, $31, 552, TSS, which leftin the hands Of
the people and other banks, S27o. AL ,6e5. |
OF silver dollars which have been coined /,
the United States. Treasury owns |
(not represented by silver certi |
hcates $72 SIS. T25. The national |
banks. $3.50. 62s. The amount owned |
by private individuals, and other
banks, Including those in the treasury
rel resented by certificates outstanding), |
was Sl3S, $50, 40S. OF subsid AIRY silver |
about 81, 900. 0Oe was in the treasury
and 81, 900 coo outstanding. The result
Of his inquiries leads the director TO the
conclusion. either that the consumption
Of gold and silver in the industries has
fallen OF since 1888. or that there is
less duplicating in returns than hereto
fore as between original and secondary
manufacturers.