Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1886-08-25
Gold. Silver.

Total s3l, so1, 600 81, 900, 900 $50, 4o1 oo(
Colorado still retains the foremost
rank as the largest producer of the
precious metals, California retaining
second position. The most notable
changes have been in Montana and
Idaho, the production of the former
having increased from 100000 IN
1884 to nearly $13, 500, 0O0in 1885, and
the latter from 100000 in 1884 to
$5, 800, 900 in 1885. Nevada, New Mex
leo and Dakota still hold their own,
while the production of Arizona has
slightly decreased.
The number of silver dollars coined
during the calendar year 1885, was
1928, 697, 767; in addition to the coinage
of gold and silver bars of the value of
$27, 49O,O95 we're manufactured by the
minis and assay Offices during the
year. The total value of the bullion
and coin imported into the United
States during the calendar year
was $41,418, 129, of which $8,322, 909
consisted of bullion aud $33,O95, 120 of
coin.
Of the total imports 1923, con-
sisted of gold and $17.772.718 of silver.
The total import of gold and silver
from the United States during the
same year was $44.697, 749 of which
$11, All, 2O7 was gold and 1888, 280,542
of silver. While the United States lost
by net expectation during the year
$780,, 1924 in silver it gained $12, 1885,
1O4 by the net importation of gold.
The director estimates the amount of
gold coin in the United States, on Jan.
nary l, 1886, to have been 1888, 49,, 453;
of silver dollars, $218, 259, 761; of SUBJ
sidiary silver. $75,O34,1 Ill, or a total
stock of coin of $826,779.325. OF the
stock of gold coin the United States
treasury held over and above the ou+-
standing gold certificates $780, ,399,
and the national banks $156. 353, 592,
including treasury and clearing house
certificates. One thousand and fifteen
state banks and trust companies held
November l. 1885, $S1 1885, 89, which
left in the hands of the people and 9TH
er banks 1920, AL, 693. OF the silver
dollars which have been coined the
United States treasury (nOt represent
ed by silver certiticates) held ST., $780,
725, the national banks $6,940,628
The amount owned by private individ
uals and other banks Gncluding those
in the treasury represented by certifi-
Gates outstanding) was $138, 789, 408.
Of subsidiary silver about $27,OOO,0 600
was in the treasury, and 100000
outstanding.
The report also contains valuable
statistics in regard to the consumption
of the precious metals. Circulars
were sent to about eight thousand
firms whose business led the director
to suppose that they we're consumers of
gold and silver in the industrial arts.
Responses were received from 1870
firms, of which 200 proved to be con-
sumers. The value of gold used by
2,7OO firms during the calendar year
1885 was reported as follows, namely:
$40, 037, 944, against $14, 10000 report
ed by about the same number of firms
to the director of the mint in 1884.
The silver consumption reported by
tho same firms was So, 470, 900, of which
$124,9l consisted of United States
coin, $2.773,99O of United States REIN
cry, $40. 900 of foreign coin, and $780,
600 of old jewelry, plate, ETC., leaving
only 1914, 600 of natural grain and about
S2l7, 900 of wire and rolled plate. The
result of this inquiry leads to the con-
clusion whether the consumption of
gold and silver in the industrial arts
has fallen off since 1888, or that there
is less duplication in the returns than
heretofore as between the original and
secondary manufacturing. ~-