The rustler., 1891-12-18


Ctsh balance available
june 10. issl........ ........sf ~. rs iii ~
With re- erenre 90 the circulation the re-.
port saws; 'The stringency In the money
market during the summer and autumn Of
lss0 was relieved By the PROMPT and effective
measure. OF my predecessor. and happily
disappeared without producing the grave
consequences which were feared by the pub.
lie: but It's existence. aud the widespread
apprehension which Il caused. Induced a re-.
vNal of the erroneous idea that the volume
of money In circulation was not only made
quatc Co the needs OF the country tut was
very much less per capita than dur .ng the
so-callei flush times which followed the
civil war
''The circulation statement which has
been published by the department monthly
since April I. iss7. contains Ia tabular form
full Information ON thi. subject for the dates
specified, and has proved to be valuable
addition TO the regular reports OF the de
partment but In the absence of statements
In the same form for the preceding years
comparison by the people hu. boon i'm nrae.
ticab'e, and the mistaken opinion that there
has been severe contraction OF the money
volume found ready acceptance This fact
became apparent through letter, which
were received from all sections OF the coun.
try, and more complete Information on
the subject was accordingly published by
means of n statement which was printed In
August last, and has been sent by
mail to those who ask for H. The
tables therein published appear in
their appropriate place In this report aud
are reproduced without change except as to
the table for July l. 1891, which displays the
revised figure' for that date including but.
lion In the treasury. by tue revision of
these figures the amount of money Per
capita July l. 1891, has been found to be .2S q
instead OF s2dil
The amount of money In circulation has
been very largely ncr ased since the close
of the fiscal year The amount July l. 1891,
was y 'l,uIAl01j5, aud the amount per capita
was SEAL The return of gold to the United
States, the operation of the silver act oil
july II, 1890, ana disbursements by the treas.
ury on account OF tho tt2 per cent. loan
pensions, etc, have enlarged the volume 20
sl5i7,2i.,070 aud the per capita amount 60
S2i IS"
The value of the gold deposited at the
mints aud assay ufli e- during the fiscal
year 1891 was s5a,625. .65s. -. OF which SIS. .is3,
sO0s2 were original deposits and sii, ,is6s77.9G
were redeposts OF the original deposits
sSl,b5b. ll6 81 were the product of our own
mines, Si2 ,sli. i2j.65 foreign coin and bullion
'ss5sI7 Il light weight domestic gold coin
and Sl,DH .1lu.li old material The deposits
and purchases OF silver aggregated lsil
G6s.i2 standard ounces. of the coming value
of ;S,6W,lA 81, including OOf fJ7. 81 stand.
ard ounces. of the coming value of SlI 64I,
15s 81 redeposits
OF the silver received 81. .29I ,7g5. 10 standard
ounces. of the coming value OF ,65. Os 90 o.
were classified ms OF domestic product; l.
15i,24 ~ standard ounces, of the coming
value of S,s3l, 0S0al were foreign silver bul.
lion and coin; 7O5. .2Ss.si standard ounces of
the coming value OF ssg0.6 ags, were uncur.
rent domestic coins .2ts.47 standard ounces,
of eH.... .ls... .ss.H,, pas
dollars, and 70S, o! standard ounces. OF the
coming value OF s,5la III, cons isted of old
plate 1swelry. etc
The coinage of the mlnts during the year
was the largest IN the history of the mint In
this country. aggregating lI9i1,s7 pieces
valued as follows:
Gold, S24. II 2Ol.5O; silver dollars ts6 232, ,sO!;
subsidiary silver, s2,0sg,2ls minor coins,
N,l66,93ab0 Total, ,63.Bti. l5935
The number OF silver dollars coined du.
ring the fiscal year from bullion purchased
under the act of 1875 was s7iU,-2J; from
bullion purchased under the net July Il, ts9J,
2,292,4I5 and from trade dollar bullion 200.
600, total of 26232.sI2 silver dollars, upon
which the segniorage. or profit was, sG.22i,.
1888 a. The profit on the subsidiary silver
coinage OF the year was sg2. Ans, IA total
seignorage of s6,aiS,767.sO The net profit
on the coinage of silver during the thirteen
years ended June 80, 1891. including the bal.
ance IN the coinage mints on July !, ISIS,
has aggregated S7l,9j! ,8g0 Is
The total amount OF silver purchased under
the act of July Il, 1890. from August ls, 1880,
10 November /, 1891, was 665ss, $50 fine oun.
ces, costing S6s,626.56j, an average cost OF
SLS per fine ounce.
In referring to national banks the report |
says: THE last report of condition ex. |
hibits the liabilities and resources of the |
banks ON September Is, 1891. At that date g..
al faH un In nj
tai of S7i, ,4!is70; surplus. s217 576, ,isj; and |
undivided profits, sI03.2sL67L The gross de. |
posits, including amounts due to banks, are |
stated at s20i9. 9.ls0l l>s Il, and loans aud dis. |
counts at 81. .esy, Sji. 2s9, an increase in both
items over nny previous date. Thee banks |
held si74.9O7 $50 In United states bonds, OF |
which $780, g 900 were to secure circulating |
notes; also ,O75 In specie. ss7.6ss,6ls in
legal tender notes, and lS,7l00D In United |
States certificates of deposit"
The receipts frpm customs for the year
ended september 10, 1891, during the last six |
months OF which sugar was free were sie5.
256,ss46O. as against .2ss ,sl. .9.91l for the pre-.
cedng year, II decrease of 42.5Os,275.il
During the twelve months ended septem.
ber 30 the value of our exports of merchan.
disc was SPA 1856, as against 1861 Iii, ,iI5 for
the previous twelve months, an increase Of |
s6t9ll,0l.
Under the operations of the new tariff the
customs revenue has been decreased us far
as is consistent with the current needs OF
the government by the readjustment OF
duties In the line OF protection 20 American
labor and Am srcnn Industries, the free list
has been enlarged by the addition of articles
which from climatic or other conditions
are not produced pro1tably nor ex-
tensively In this country adequate
pro ective duties have been imposed
upon articles that come into competition
with our own productions: new industrlea
have been established and others stimulated,
thereby giving increased employment to
American labor, and better control OF our