The Brookhaven leader. [volume] (Brookhaven, Miss.) 1883-1891, 1891-12-17
Total amount available. -. slsJ. g., ,0,s .


Cash balance available
June 30, loY9 ........ ....... 49, 12S, l4) 90
with re eren,e to the circulation the re-
port saws: 1.-THE stringcncy in the money
market during the GUNNER and autumn OF
1890 was reliev' d by the PROMPT and effective
measures of my predecessor, and happily
disappeared without producing the grave
consequences which were feared by the pub
lie; but its existence, and the despread
apprehension which it caused, induced re-
vival of the erroneous idea that the volume
of money in circulation was not only made
uuatc to the needs of the country, but was
very much less per capita than during the
so called flush times which followed the
civil war.
"The circulation statement which has
been published by the department monthly
since April l. 1857, cont aims in tabular form
full information on this subject for the dates
specified, and his proved to be a valuable
addition to the regular reports of the de-
partment; but in he absence of statements 8
in the same form for the preceding years a
comparison by the people has been imprac-
tcable, and the mistaken opinion that there
has been a severe contraction of the money
volume found ready acceptance This fact
became apparent through Letters which
were received from all sections OF the coun.
try, and more complete information on
the subject was accordingly published by
means of a statement which was printed in
August last, and has been sent by
mail to those who ask for it. The
tables therein publi- he'd appear in
their appropriate place in this report and
are reproduced without change, except as to
the table for July l 1891, which displays the
revised figures for that date including bull
lion in the treasury. By the revision OF
these figures the amount of money per
capita July l, 1891, has been found to be '2S Al
instead of !23 41
of n
been very lar gcly incr ased since the close
of the ii seal year The amount July l, 1891,
was ,lg7, ,4tO.7I7, and the amount per capita
was S:3.4L The return of gold to the United
States, the operation OF the silver act OF
July II, 1890, ana disbursements by he treas
ury on account of the 4l2 per cent. loan
pensions, etc, have enlarged the volume to
sl.5.7 90, ,070 aud the per capita amount to
SZ4 IS"
The value of the gold deposited at the
mnts and as>ay HI eS during the fiscal
year 1891 was s59,625,o7s. ;, OF which s4S,4S3,-
sOO.s2 were origina deposits and I'll 'e,s77 26
were rcdcpoSits OF the original d posits
S3l,555, l16 81 were the product of our own
mines, sl2,sll, 1856 foreign coin an bullion.
1888 Si7 Il light weight d dpmest'c gold coin
and OBS ,7lO.li old material The deposits
and pur, tses of silver ag gregated 11,S9.
65S 2 .tandard ounces, of the coming value
of s3,6W,l14 81 including IU.0I7 III 81 stand
l5S 81 redcposits
OF the silver received 56 30, ,7951 10 standard
ounces, of the coming value of '65, Us S9S O'.
were classified as of domestic product; l.
Isl, l,244 81 standard ounce, of the coming
value of 81, ,s34 O3u II, were foreign silver bull
lion and coin; 705, 253.S. standard ounces. of
the coming value of Ss4O,6 a9s, were uncur-
rent domestic coins. 3,2is.i7 standard ounces,
of the coming value o. $3.50 "a, were trade
dollars. and 7O3, Ala 0! standard ounces. of the
coming value of sSlS, ,5la II, consisted of old
plate, welry etc.
The coinage of the mints during the year
was the largest in the history of the mint in
this country, agyregating 1I9,547,s17 pieces,
valued as iolows:
Gold S24, II, ,2OL so; silver dollars s36 232, ,s02;
subsidiary silver !2,ns9, 2lS IS: minor coins,
M.l66 1856 So Total, '63,6il l69s5.
The number OF silver dollars coined du-
ring the fiscal year from bullion purchased
under the act of 1873 was s.740,5 81; from
bullion purchased under the act July Ii, 1897,
a. 1872 475 and from trade dollar bullion, 200.
900, a total of 26,232,SJ2 silver dollars, upon
which the seigniorage, or profit was, Sc. 22l,-
1888 AZ The profit on the subsidiary silver
coinage of the year was s92, 4544S, a total
seigniorage of s6,3l3 76790 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 l, 1878
has aggreg ated S7l,95! $780, 25
The total amount of silver purchased under
the act of July "A. $780, from August l3 1880,
to November l, 1891, was 66,5sS,5S6 fine oun-
ces, costing SOS, ,S26, sos, an average cost OF
ST. per fine ounce.
In referring to national banks the report
says: THE last report of coalition ex-
hibits the liabilities and resources OF the
banks on September 25, 1891 At that date 81
677 associations reported an aggregate capt.
tai OF S67I ,4l5,s7O; surplus. 1855, is5; and
4 1ix-fA Aad he
posits, including amounts due to banks, are
stated at s20i9, Is0l's II, and loans and dis
counts at 81, ,9Sy, 3ji 2s9, an increase in both
items over any previous date Thc'e banks
held slI4,907. $50 in United states bonds, of
which $50, 81 500 were to secure circulating
notes; also :lss SIS. .C75 in specie. S7,6 61s in
legal tender notes, AMI SlS,7lO,0D in United
States certificates of deposit"
The receipts from customs for the year
ended September 80, 1891, during the last six
months of which sugar was free. were $ls6,-
276,Ss4.60 as against Ass, :sL9-97l for the pre-.
ceding year, a decrease of 42,5J5,275,ll.
During the twelve months ended Septem-
Der 30 the value of our exports of merchan-
disc was SJ2s, OIL ls6, as against SS6l.l771l5 for
the previous twelve months. an Increase of
S6 al4,0I.
Under the operations of the new tariff the
Gu toms revenue has Geen decreased as far
as is consistent with the current needs of
the government by tne reduJuStLhent Vi
duties in the line of protection to American
labor and Am .rican Industries, the free list
has been enlarged by the addition of articles
which from climatic or other conditions
are not produced proitably nor ex-
tensively in this country adequate
pro ective duties have been imposed
upon articles that come into competition
with our own productions; new industries
have been established and others stimulated,
thereby giving Increased employment to
American labor, aad better c0atTol ei our