Weekly expositor. (Brockway Centre, Mich.) 1882-1894, 1886-08-19

TIE Estimated Amount Of Gold Coin In the
United States January !, 1855,
B633.40b.463

e633, AGO.
DIR. James p. Kimball, the 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 49,, s00,-
600, an increase OF 81 100000 over the es-
innate for the calendar year 1884 The
production Of silver for the calendar year
1885 calculated at coming rate In silver
dollars is estimated at e5l, 900 against
Colorado still retains the foremost rank
as the largest producer of the precious
metals. California retaining second posi-
ton. The most notable changes have been
In Montana and Idaho, the production of
the former having increased from 81, Co.,
600 in 1884 to nearly 1850, 900 in 1885, and
1885.
Nevada, Utah, New Mexico and Dakota
stu hold their own, while the production
The coinage executed during the calen-
dar year at the coinage minis consisted OF
AZ, 521 pieces, of the face value of $56, 926.
$40. OF this amount 8, 002, 1913 pieces, valued
81, 925. 544 pieces, valued at $2s 962, l76 of
silver coin, the remainder minor coin. The
number of silver dollars coined during the
calendar year 1885 was SIS, 1891, 767. In adj
dition to the coinage gold and silver bars
during the year. The total value of the
bullion and coin imported into the United
States during the calender year was SAL
4lS.l29 of which s., 30, 500 consisted of bull
imports, So, Gas 81 consisted Of gold and
$lI172,7lS of silver. Total exports OF
gold and silver from the United States
during the same year was $44 697, 749, OF
which Sll,4l7,207 was gold and $33, $50, 542
silver. While the United States lost by net
N m IN ha in,
silver, it gained ! ~, 223. 104 by the net i'm
portation of gold.
The report contains an elaborate review
of the coin circulation of the United States.
1,lSS6 Is reviewed as well as the estimates OF
his predecessor. Some errors in still
earlier estimates have been corrected. A
deduction from the stock of gold coin Of
$l5,669,9 Sl Is made for bullion in the treas
ury July l, 1873 heretofore included as
coin, and for an error in exports of gold
coin, as reported for 1874, 1854, ia, total
of $40 324 ,695. This, with the $50, 600 900 de-
Quoted in his annual fiscal report, make
total deduction Of s50,324,695 from the
estimates by 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
], 1886, to have been S533, ass, 453; of silver
dollars, $2ls, 259, 76l; subsidiary silver, $75-
034, Ill; or a total stock of coin of 1926, no.
States treasury held, over and above out
standing gold certificates $40, 434, 879, and
the national banks Sl56, 353, 592, including
treasury and clearing house certificates.
trust companies held November !, 1885,
s31, 255, 7s9 which left in the hands of the
people and other banks $270, A, 1893.
or the silver dollars which have been
coined, the United States Treasury owns
mot represented by silver certiicates)
nd ha han n
CPS. The amount owned by private indi-
viduals and other banks, including those
in the Treasury re presented by certificates
outstanding, was Sl3S, $50 40S. OF the sub
sidiary silver, about y, 000,0 900 was in tho
Treasury and $47, goo, 900 outstanding. The
Director reviews the estimates of coin
circulation by various private and public
writers, and adduces facts and figures in
support of the correctness of his own
estimates.
The report also contains statistics in re-
gard to the consumption of the precious
metals. Circulars we re sent to about 5000
individ uals and firms whose business led
him to suppose that they were consumers
of gold and silver in the industrial arts.
Responses were received from 4,372 firms,
of which 2,700 proved to be consumers.
The value of the gold used by the 2, 1000
firms during the calendar year 1885 was
reported as follows, namely: $10,.
S So 's4 ,u against ~, si4'5oSooo reported
of firms to the Director of the Mint in 1884.
OF this amount about 81 500, 900 consisted
of United States coin, and about S6,0O0.0OO
of stamped United States bars. The for
eign coin used amounted to $17S,000, and
old jewelry to $4,000, leaving only $467,-
600 Of native grains and $559,O00 Of wire
and rolled plate. The silver consumption
reported by the same firms was $3450, 900
of which Sl24,9l0 consisted of United
States coin, $2,713,975 of United States
refinery bars, $4,000 of foreign coin and
1000 Of old jewelry plate, ETC., leaving
$211, 900 of wire and rolled plate.
The result of this inquiry leads the d.
rector to the conclusion eith that the
consumption of gold and silver In the in
dustrial arts has fallen OFF since 1883 or
that there is less duplication in the returns
than heretofore as between original and
secondary manufacturers.