Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1886-08-09
Gold and Silver Production and the |
Amount OF Coin in the United states.

Gold and Silver Production and the
Amount OF Coin in the United states.
WASHINGTON, August Sth.-Dr. James P.
Kimball, Director of the Mint, has COM
pieted his report on the production of gold
and silver in the United States during the
calendar year of 1885. The production of
gold is estimated at $11 ,S00,0 ,000, an increase
Of 81 ,000,0G0 over the estimate for the cal
endar year of 1884. The production Of sill
yer for the calendar year of 1850, calculated
at coming rate in silver dollars, is estimated
at $51 100000, against S4S, 100000 in 1851
an increase of 81, SOC, 900. Colorado still
retains the foremost rank as the largest
producer Of precious metals, California
maintaining second place. The most no.
table changes have been in Montana and
Idaho, the production Of the former having
increased from S9,000,000 in 1884 to nearly
$13, 100000 in 1885; and the latter from
So. $1,000 in 1884 to $500, 600 in 1885.
Nevada. Utah, New Mexico and Dakota
still hold their own, while the production
of Arizona has slightly increased. The coin
age executed during the calendar year at
mints is the coinage of Al ,544, ,521 pieces of
the face value of 500, ,926,Sl0; of this
amount 3,002, ,313 pices, valued at $27,773, ,013,
consisted of gold coin, and 81 1925, ,544 pieces,
valued at $28, 1862, ,176, of silver coin. The
remainder is minor coin. The number of
silver dollars coined during the calendar
year of 1885 was $2S 697 ,767. In addition
to the coinage, gold and silver bars of the
value of S27 ,490, ,095 were manufactured by
the minis and assay Office during the
wear. The total value of bullion and coin
imported into the United States during the
calendar year was $41 AS ,129, of which
IS. 80, 800 consists of bullion and $50, ,095,-
100 of coin. OF total imports $23 ,645, 81
consisted of gold and HIP us of silver
The total export Of gold and silver from
the United States during the same year
was $44 ,697, ,749, of which $11,319, 207 was
gold and so, ,2S0,542 silver. While the
United States lost by net expectation dur
ing the year S15 sos, ,0S4 in silver, it gained
81 DDS, ,1S0 by net importation of gold. The
report contains an elaborate review of the
coin circulation ofthe United States. The Di-
rector's advance estimate of January /,
1886, is reviewed, as well as the estimates
of his predecessor. Some errors in the still
early estimates have been corrected. a de-
duction fom the stock OF gold coin of
S15.669,9S1 is made for bullion i'll the
Treasury July l, 1873, heretofore included
as Din, and for an error in the exports of
gold coin as reported for 1874, s.. .654 iii; a
total of 800, ,324, ,695. This. with 30,000,000
deducted in his annual fiscal report, makes
a total deduction of $50 325 695 from the
estimates of his predecessor of the stock
of gold coin in the United States. The
Director estimates the amount of gold coin
in the United States on January 1 1856, to
have been $533, ,4S5, ,453; Of silver dollars,
$21S, ,259 761 subsidiary silver 75,034 Ill !;
or a total stock of coin of 1896, rs, ,S25.
Stock of gold coin in the United States
Treasury, held over and above the out
standing gold certificates. $75, ,434, $40, and
national banks, $156353,592 including
treasury and clearing house certificates.
One hundred and fifteen State banks
and trust companies held Novem-
ber l, 1855, $31, ,255 7SS, which left
in the hands of the people and
other banks 1910 AL ,G93 of silver dollars
which have been coined in the United
States. The Treasury owns notrepresented
by silver certificates S72, ,53S, 725, and the
national banks, $6,940.62S. The amount
owned by private individuals and other
banks including those in the Treasury rep
resented by certificates outstanding, was
S13S, 7S0.4QS. OF subsidiary silver, about
$27 ,000,600 was in the Treasury, and $47,
100000 is outstanding. The result of his
inquiries leads the Director to the conclu-
sion either that the consumption of gold
and silver in industries has fallen off since
1888, or that there is less duplicating in the
return than heretofore, as between the
original and secondary manufacturers.