The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-08-10
THE PRECIOUS METALS.
ANNUAL REPORT OF TIE DIREC.
TOR OF THE MINT.
The Yield Of Gold and Silver for the
Past Year Interesting Statistics
Concerning the Coinage.

WAsHINGToN, August 8.--Dr. James
p. Kimball, the Di ector OF the Mint,
hes 'mpleted bis r port on the pro-
duction OF gold aud silver in the
United States during the calendar
year 1885. The production OF gold is
estimated at $3l 100000, an increase
OF 81 900, coo over the estimate for the
calendar year 1884. The production
Of silver for the calendar year 1885,
calculated at the coming rate in silver
dollars, Is estimated at S5l 600, 600,
against $48, 800, 900 in 1884, an increase
OF $2,200,00 Colorado still retains
the foremost place as the largest pro-
Queer OF the precious metals, Califor-
MIA retaining second POSITION. The
most notable changes have been in
Montana and Idaho, the production
OF the former having increased from
so 900 600 in 1884 to nearly S13 $500, 900
iu 1885, and the latter from So 100000
IN 1884 to IS, 100000 in 1885. Nevada,
New Mexico aud Dakota still hold
their own, while the production Of
Arizona has slightly decreased.
The coinage during the calendar
year at the coinage miuis consisted OF
AZ 544,52l pieces OF the face value of
sos ,926, $40. OF this amount 3,002,3l
piec valued ct S27,773,0l2 consisted
OF gold coin. snt 81, 1854 pieces val
I'D at $28,962,17S OF silver coin, the
remainder minor coin. The number
of silver dollars coined during the cal
enda: year 1885 was 28 697, 767.
In addition to the coinage gold aud
silver ba Of the value of f27 400, 095
were manufacture by the minis and
assays offices during the year.
The total value OF the bullion aud
coin imported into the United Sta es
during the calendar year was SAL AIS
1Z9, of which Is, 3 2, 900 consists of bu'-
lion aud $33, 095.l of coin. OF the
total imports So, 645,3l1 consisted OF
gold and S17,772,7lS OF silver. The
total exports OF gold and silver from
the United States during the PANE
y, ar was $44, 697, 740, Of which $1l Az
2O7 was gold and $39,2S0,542 silver.
While the United States lost by net
exporta ion during the yeer $685. 57,-
1924 in silver, it gained t12,22S, 104 by
net importation of gold.
The report contains an elaborate
review OF the coin circulation Of the
United States. The directors advance
estimate of January /, 1886, is re-
viewed rs we'll as the estimate of his
predecessor. Some errors in still
earlier estimates have been corrected
4 deduction from the stock of gold
coin Of $l5, $3.50 9Sl is made for bullion
in the Trest ury, July l, 1873, hereto
fore included ~ coin and for an error
in exports of gold coin. as reported
for 1874, $500 IA total OF 800.
1924, 1895 This, With ne $4,000, 00C
deducted in his auD 81 fiscal rep >rt,
makes a to'al de uct II $50,32J 1896
from The estimates n ~, by his pre-
dscessor OF the tock It, gold coin in
the United States. Tn, dirsct,r Gsti-
mates the amount OF gold coin in the
United States on January /, 1886, to
have been $3.50, 4S5 ,453; OF silver dol.
las, $2lS,259, 76l; subsidiary silver,
S5,034, i'll, or a total stock OF c?in OF
1925, us, 1925.
OF the stock OF gold CON the United
States Treasury held over and above
on standing gold certificates s75 434,-
$40, and the national banks $l56, $685.
sos, including treasury and clearing
house certificates. One thousand and
fifty State banks aud trust companies
held November |, 1885, $3l, 255, 7S9,
which left in the hands of the people
and other banks $270, AL 1893. OF The
silvtr dollars which have bean coined
the United st tea Treasury owns mot
represented by silver cerificstes) S72,.
53S, 725, the Natioral tanks, IS, $40, 62S.
The amount owned by private indi-
viduals and other hanks, includir g
thos in tbs Treasury represented by
certificates outstaUd ng, was $3.50, $50.
4oS OF the subhdiacy silver about
81, 100000 WIS in the Treasury AID
100000 outstanding.
The Director reviews the estimates
OF coin circula ion by various private
aud public writer's and sdduces ia t.
and figures in 81 port Of the correct
ness Of his own es imstes.
The plrt AGO contains ST lt'stiCs in
regard t. the consumption Cf the
p-tcjOus metals. Circulars were sent
u abont 5000 individuals Ind firms
whose business led him to supp lse
that they wera consumers OF gold and
silver in tte industrial arts Responses
were received from 1872 iirms, OF
which 200 proved to be consumers
TIE value Of t'e 20 d used b. the 200
firms during the ca endar year 1885
was rep rted as follows, namely: &c.
S97, ga aga INST Sl4, 500, 900 reported by
about the same number Of firms to the
d rector Of tina Mint in 1884. OF this
amount about $4,000 consisted Of
United States coin aud asout SO 0C0,.
900 of stamped United States barr,
The foreign coin used amounted to
fl7S,000, and old jewelry to 1919, 900,
leaving only s467 900 out OF native
gains and s559,0O0 OF wire and rolled
plate. The silver consumption re-
ported by the came firms was $3,470,-
600, OF which fl2i,0l0 consisted OF
United Stae, coin, $9,773,975 OF
United States rtfnery bars, $4,000 oil
foreign coin and $4,000 of old jewel
~, plate, ETC., leaving only 1914, 900 OF
native grains and about $2l7, 900 Of
wire and rolled plate The result Of
this inquiry leads the Dire tor to G
conclusion either that the consump
ton Of gold and silver in the industrial
arts has fallen of since 1883, or that
there Is less duplication In the returns