Helena weekly herald., 1886-08-12
Report Of the Director of the Mint.

Report Of the Director of the Mint.
WASHINGTON. August S.-Dr. James P
Kimball, Director of the Mint, has CON-
pleted his report on the production Of gold
and silver in the United States during the
calendar year of 1885. The production OF
gold 10 estimated ss Sl1 100000, an in
crease Of 81, 10000 over the estimate for
the calendar year of 1884. The produc-
ton of silver for the calendar year of 1885,
calculated at. the coming rate OF silver
dollars, is estimated at $51, 100000, against
$4S, 100000 in 1884, an increase of $780,
900. Colorado still retains the foremost
rank as the largest producer OF precious
meta.s, California maintaining second
place. The most notable changes have
been in Montana and Idaho, the produc-
ton of the former having increased from
$9,OOO,OOO in 1854 to nearly $13,500,0O0 in
1885, and the latter from S3,970,0O0 in
1884 to $5,3OO,OOO in 1885. Nevada, Utah,
New Mexico and Dakota still hold their
own, while the production of Arizona has
slightly increased.
The coinage executed during the calen
dar wear of 1885 consisted of AZ ,544 ,521
pieces, of the face value of $56, ,926, $40.
OF this amount 3,002, ,313 pieces, valued at
$27, 7,773,O12, consisted OF gold coin, and 81 !
925,544 pieces, valued at S2S, ,962, ,176, OF
silver coin. and the remainder minor coin.
The number of silver dollars coined dur
ing the calendar year of 1885 was 2S S,697,-
767. In addition to the coinage of gold
and silver, bars of the value of $21 AGO.
O95 were manufactured by mints and
assay offices during the year.
The total value of bullion and coin inn
ported into the United States during the
calendar year of 1885 was SAL AIS, ,129, of
which 1922 900 consisted of bullion and
$33, 1895, ,12O of coin. OF the total imports
$23645311 consisted of gold, and ST., ,772,-
us of silver.
The total exports of gold and silver
from the United States during the calendar
year of 1885 was $44697.74S, of which
$11, All ,2O7 was gold and $50, ,28O, ,542 silver.
While the United States lost by the net
expectation during the year $15,50S,0s4 in
silver, it gained $1,229,lSO by net i'm
pOrtation of gold.
The report contains an elaborate review
of the coin circulation of the United
States. The Directors advance estimate of
January l, 1856, is reviewed, as well as the
estimates of his predecessor. Some errors
in the mint report and still earlier esti-
mates have been corrected. 4 deduction
from the stock of gold coin of S15,669,9S1
is made for bullion in the treasury July l,
1873, heretofore included as coin, and for
an error in the exports of gold coin as re-
ported for 1884 of $4,654, ia, making
total of 2O,324,695. This, with S30,OOO,-
600 deducted in his annual fiscal report,
makes a total reduction of $50, 1928 ,695
from the estimates by 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 l, 1856, to have been $685.
ASS, ,453, of silver dollars 216, ,259, ,761, sub
sidiary silver $75,O34, Ill, or a total stock
of coin of s26,779,325; of the stock of
gold coin in the United States treasury
held over and above the outstanding gold
certificates. $75,434,378; national banks,
$156, 1853 592, including treasury and clear
ing house certificates; 1,O15 State banks
and trust companies held November l,
1885, $31 ,255, ,7Ss, which left in the hands
of the people and other banks $27O,44i,-
$685. OF the silver dollars which have
been coined, the United States owns mot
represented by silver certificates $72, $751;
725 and the national banks $6,94O, ,628.
The amount owned by private individuals
and other banks, including those repre-
sented by certificates outstanding, was
$138, ,7SO, ,4O8; of subsidiary silver, about
$27 100000 was in the treasury and $47,-
OOOO 900 outstanding
The result of his inquiries lead the
Director to the conclusion either that the
of gold and silver in the in
dustries has fallen off since 1888, or that
there is less duplication in the returns
than heretofore as between the original
and secondary manufactures.