The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1886-01-22

luz p|IuuuCbLuu VI bVt0 DuAAFOA ~ EHV
States and Territories west Of the Missouri
river in 1885 amounted to'S26, 800, 1855, ex-
ceediug the product OF 1884 by 81 ,2lO, IS0,
but with that exception the smallest for
several years. The yield was S6,2OO,OOO
less in round numbers than in 1880, and
SIS, $4,000 less than in 1871, In the last
eight years the product was S94l, 100000
against '$Sl7 100000 in the term Of eight
years last preceding,
The product Of silver bullion in the
same districts in 1855 was Sl4,bl6,bWj
against $43,529, ops in 1854. The product
Of 1885 was the largest IN the history Of
American mining except that OF 1877,
which footed up $45, S46, 100, and that oil
1852, SiS,l 1888, $50. In the last eight years
the silver product toOts up Ssh OOOp0OO,
and that Of the eight years preceding that
period amounted to 1921 100000.
The products OF tho district referred to
represents the entire production Of the
United States, except about a million dol
lars worth OF metals found in States east
Of the Missouri; but the mint reports state
the yield OF gold about three or four mil
lions higher, and that Of silver four or five
millions higher than the annual reports
OF Wells, Fargo < Co., which occupies a
high standing in public opinion,
In 1882 the gold production oil the
United SiRteG was given officially at SS?,'
500 GOO, that OF 1883, ~S30,OOO,OQO, and thar
Of 1851 at $3O,S0O,000. In 1889 the pro-
ductiou Of silver was stated officially at
$4O,s 500, 600, in 1883 at $4B, 2OO,OOO, and
that Of 1881 at $4S,s00,0Q0.
The nominal silver product Of the
United States is now about $4,000 900 to
S4s 600, 900, and that Of gold $3O,OOO.OOO 10
$50, 0OO, 0UJ,
The gold product OF tho world in 1884
was $OS, 0S4,SI0, in 1883 $~Ot,lO7,3ll, aud In
1883 $g5, OK, 500, the nominal being about
sos, COO, 900 to $NG.000,0O0.
The silver product Of the world was
Sill 1921 1928 in 1882, $ll6,02J. 1913 In 1851,
aud $ll5, l47,sIS in 1884, the nominal
present average being about Sll3,O00,OOO
to Sll5, 100000.
The United States mines produce about
S2l percent Of tbs gold and 4? percent OF
the silver turned out annually by all the
C0untIleB oil tue WOIIu'
The. coinage Of the United States was
in 1852, sos, $685. gold and S?7 ,O79 ,035
silver, in 1883; $2O,24l 800 gold and $780,
2l5, $50 silver, and in 1884, $23. DOL 766 gold
and $9S, 1854. S86 silver.
The coinage otthe world was as follows:
In 1889, $DO,B07, 40 gold and Sll0,7s5,aS
silver; in 1883, $IO4, Si5, IA gold and $lOD,.
3OO 7G5 silver; and 1884, jlO, 45D, 24O gold
and 800, 03O l43 silver.
OF the gold coinage oil the world all but
Sl9,O 0 600 was In the Unltol States,
Germany and Australia in 1882, all but
$50 OO, GOO in 1881, andin 1884 the United
States, Germany, AustraliR and Russia
coined sos, 0O0, 900 out Of $~O8,O00,GOO OF the
total output Of the mlpts OF the world.
The United States, Mexico aud India IN
1882 coined $S4, 200, 900 Of the worlds coin.
aga Of silver, amounting to $4,000 900;
in 1883, E7SO00,OO0 in 500, 100000, and in
1884, $3.50 . 900 In $9O,00O,OO0.
The las! report Of tho Director OF the
Mint shows that on July ], 1875, the
money circulation OF the Uuited States
amounted to ST ,S45, zoos, 1855, Of which $685..
ia G3G consisted Of gold coin, $GO,S47,0O5
was gold bullion, 1907 $751; 1881 consisted Of
silver dollars. $74, 1891, $40 OF silver fraC.
tlonal currency, and $i,G54,5SG oil silver
bullion-total hard money, except nickel
and copper, $S9l, 500, 64S, inclusive Of SILL.
sol ,07i bullion and $74,63O,S2O subsidiary
coin. Tho legal tender coins, therefore,
amounted to $~746,05O,0l7.
Tho paper money In use amounted to
$685., 604, COS, and thehard money to $780,
800, 54s, OF which Sl,00S, 6I0,033 was in cir:
CulatiOn outside OF the banks and the
Treasury. The paper circulation includes
Sl40,8 22, l4O Of silver certificates and $780,.
DOL, Oh gold certificates. The Mint Direc
tor In these last items 10 obviously guilty
Of reduplication, az be Oounts into The
volume Of currency both the total amounts
OF gold and silver coins In the Treasury as
well as It's public circulation, and in ad.
ditIon tho total amount OF certificates in
aud out Of the Treasury, without max
ing an offset Of . reserve Of 100 per
cent, Of each metal held against It's
paper representative. The certificates,
whether in or out Of the Treasury, arc a
potential currency, and are counted as
money in circulation, and as they cannot
go out lawfully without leaving behind in
the Treasury an equal amount In gold or
silver, the total certificates. $40 1924, 7S8,
should be Cancelled In 0 ttatisLlcal sum.
mary OF the total available circulating me
dium Of the United States, thus reducing
the amount to 81, 575, $50, $50.
The circulation Of France, the bimetal.
iiC nation ofthe world ranking nextt to the
United HtRteg In commerce, and ranking
higher in the magnitude OF Ito currency
volume, Ia about $SS0,000,000 OF gold and
Sjl5,0 600 OF legal.tender silver money,
besides S57, 100000 limited.tender silver
money.
Tho nations OF the Latin Union
France, Italy, Switzerland, Belgium and
Greece-haYe a gold currency Of about
81, l5O. 00e, 1000 and q silver currency OF
about 1850, 100000.
Tho specie circulation OF the United
States Is smaller per capita than that Of
France, Belgium or the Netherlands, about
equal 10 that Of the United Kingdom, but
larger than that OF the other nations Of
Europe.
In the circulation Of all nations, when
such statistics arc acceptable, the proper.
ton Of silver coins IN the circulating
ll6ululu 10 buuub ~ Vb4Ceub hlu bDhb Vi
gold about IS percent.
Such arc the main points In the stats.
teal skeleton OF the many systems OF the
nations which control the worlds trade
and finance.
The general adjustment Of valuations al
present Is on abNsis Of bimetRllic currency,
though considerably modified In the last
decade By the partial narrowing Of tho
metallic basis mainly through tho action
Of Germany in virtually throwing oliver
out Of her circulation. The defensive po.
Bition Of the nations Of the Latin Union
was caused directly by this. The design
being to prevent tho influx Of disused Ill,
yer 10 degree tnenacing 10 their own Dir.
cula,ion they all resolved 10 keep such
silver money In circulation a. had been
already coined, but, pending current do.
yelopments, 10 coin no more.
The reverseB thus sustained by the
double standard have been contempt.