The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-20
GOLD AND SILVER COINS.
Secretary Carlisle States the Number
Exported and Imported.

Special to the indianapolis Journal.
WASHINGTON, Oct. 19.-Secretary Car
Isle sent to the Senate reply to the res
olution asking him to inform the Senate
as approximately accurate as practicable
of the number Of coined standard silver
dollars of our mintage under the laws Of
1873 and 1890 exported anC imported since
Feb 2S, 1878; the number of such dollars
recoined in our minis and the number con-
sumed in the industrial use in the United
States: the amount of gold taking the
same course since 1870, and whether the
amount OF excess, if any. of such exports
over imports. and the amount recoined
and that used in the industrial arts have
been taken into account and deducted from
the total coinage estimated as In existence
in this country.
dollars coined under these laws, exported
and imported, is not known, as returns Of
domestic coins exported imported
not entered at the custom houses by de-
nominations. The number of dollars coined
under these laws. deposited at the mints
for recoinage, has been 132,0lS. No esti-
mate has been made of the dollars coined
under these laws which were used in the
industrial arts but it is believed that the
number is very small. as so much more
bullion can be purchased for dollar than
II contains. and bullion would be used In
lieu Of coin whenever it was practicable
to obtain 1t.
The amount of United States gold coin
exported from Jan. Il, 1915, 10 Oct. Il, 1885,
was $571, ne The amount of United
States gold coin imported from Jan. 1. 1875
TO Oct. l. 1898, was S126945, $50. Prior to
January. 1878, the imports of United States
gold coin separated in the custom
house returns from foreign gold coin. The
amount of gold consumed in the industrial
arts from 1870 to 1885, inclusive, eSti-
mated by the Mint Bureau, was $751;
b35 0a)
coined since Feb. Is. 1878, in the country no
deductions have been made either for ex-
ports for in the Industrial arts in
the United States, nor has there been any
allowance for recoinage, as IL has hereto
fore been believed that the number of silver
dollars recoined in 1913 and prior years in
circulation exceeded the amount Of silver
dollars coined since 1878 exported, recoined
and used in the Industrial arts In estimat-
inc the stock of gold coin in the country
the amount exported and recoined well
as the amount estimated used in the in
dustrial arts of the United States is de-
Quoted from the last estimate. while the
amount imported and coined is added.
The starting point in estimating the stock
OF gold coin I'm the United States was
1873, and that estimate made by Di-
period there was no gold coin in active cir
culation in the country except on the Pa
cific coast, and the estimate comprised only
the metallic stock In the treasury and in
the national banks. with estimate of
so. O00,0 00 the minimum of gold coin in
use on the Pacific coast. Since then the
estimates have from year to year been
made by adding to the stock of gold coin
at that date the annual coinage and imports
10 the United States, less the amount of
gold coin withdrawn for recoinage and for
exports.