Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-06-17
NEARLY FORTY MILLIONS
OF coLp TAKEN rRoM MINES ~
rus COUNTRY LAST YEAR.


transmitted 10 conRrcan by II. u. Pres
ton, director Of the mint. hc estlmates
the approximate gold yield u The mines
OF the United States In 1899 at 1. .ae. 3e3
.ine ounces, OF the value OF S3a. 95a 900.
az compared with i,soi,ioo Inc ounces
OF the value OF sssOiA,sSl in iSDs, an
incrca.e In 1898 OF iis.asS nno ounces
OF the value OF sa,sO.ols. According
T. Mr.. Preston. the United statca ptnl
hold tho ilrst place IN the list OF tho
gold-producng countriea OF the world.
Mr. Preston reviews and revises tho
production uf silver Ia the United
States IA 1889, M estimated by ". o.
leeoh, who was director OF the mint
when the rrnort on the production Of
the precious metals In that year WINS
lsFucd, II viii he recalled TINT MIR,
i.ecch adopted a method u estimating
the silver output OF the mlncn OF the
United states for iSp2 dincrcnt from
that which had been followed In calcu-
latinU II In prcyl1uE years. Mr.. Iccch
placed the silver output In 1872 ~ 6S.-
100000 ounces and ita coinage value Mt
s'iaSi,slo. The present director. follow
ing the method IN accordance with
which the silver production had boon
estimated for rorios OF Years prior
10 1889, shows that the output OF SILVER
from the mines OF tho United states
In 1899 waa really Ga6oo0O0 line ounces.
OF the coming value OF SSg,ioi, no,
colorado Ia the Lead.
According 10 Mr.. Prcaton,a estimate
the production Of SILVER In the United
States In 1889 exceeded that OF 1891 by
b.i7b,00o line ounces, OF the coming val
Ne OF sdssi,4tl. OF the Increase IN the
production OF silver In isp2 over that
of 1891. Colorado contributed 67ol. 500
nno ounceH ana Montana g,GS. 500 nne
ounces, Nearly an the othCr silver
producing states and territories show
dcorcaao IN 1922 ms compared with
1891. The ostimhtc OF the production OF
silver Ia the unltod Statun IA the cal-
ondhr year NJ 1898, Ia round numbers,
"a GO,0Oo.OOO flne ounces OF the coming
value OF $1,000, ihd a decrease AS COM
pared with that az 1889 % 100000 iiuc
ounces. OF the coming value of $500
2ba, The silver product OF the fdliow-
Ing states and territories Increased IN
1898 RH compared with 1891 AlUslt1,
Arizona. California, Idaho, South pa-
kutn and Texas The following states
md territories show a decrease Ia prb-
ductlnn OF silver In 1885 Colorado,
Michigan, Montana, Nevada Now Mex
leo, Oregon, Utah and Wmi,lnslon,
The production OF nilvrr IN the United
stntcs reached ltH highest figure IN the
calendar year 1893 The value OF the
deposits and re-dcpoalts OF gold bullion
nj tho mints and ArRay oiilcrn Of the
United states during the calendar ycnr
1893 war ii00Na.iSO, and OF Original
deposits fG9,iia229, net lncrenao In
the value Of the dcpoqltH and rc-depoH-
It's Of S5G.0d3,2iD. and Of original de-
poslta OF s23, CSC, ~ over that OF 1899.
showed a material Decrease.
Tho value OF the dypoHitH and rc'de.
pnfith OF silver bullion nj the mintf anu
nsnny offices Of the United states IN
1893 was sos. S2G 1873, and Of the original
dept sits alone So. lGh, O0b, a net decrease
In the amount of The deposits ana re-
deposits Of s2iiW, ais, and IN the value
OF tho original deponlts OF f22 ihgy
ng compared with values OF the same
ia 1899 The offers OF SILVER bullion for
sale 10 the government from January
Ga November !, 1929 aggregated n.bi0.-
TOO line ounces, of this there worc lur,
chased gk, 500 500 fine ounces at a ruat
OF Sai. a6s. b3s, the average price pnid be-
I'M, t0.S0i per ounce, The total amount
Of silver purchased under the act Of
July a. 1890. from AuHunt ~, 1880. 20
November 1. 1888. WAS lOs,Gli,0ha iine
OUNCES. coating gitb,lal 002, the average
ti1at per ounce being s0a2A. or the
the not Of July ii 1890. iher had been
used IN tho colnnWe-to the close Of the
calendar year, iga3--of 5G,0S76i2 stand.
ard silver dollars. aTOli 1876 finu
ouncrn. costing f22. ii0.5fba2. aud there
wAs wasted by the operative officers Of
The minta and sold In sweeps G2b10iai
fine OUNCES, ooating tG2, b35Oi. The bal
nnco OF The silver bullion purchased
under the ret OF July "a. 1890, on hand
Jnnunry I, 1884, wAn liV0sl.OiI mo
ounces. costing ti2C.i5a.l2l. the coinage
value Of the snmc Ia silver dollars be.
Ing gtaI.aIi.Ti4
issports Ovesbainneed the Imports.
The imports Of gold into the United |
States during tho calendar year con
sisted Of si4.700,S7 In foreign bulllon, |
S23. 4aD. SOS IA foreign coin. saiSis0 IN |
foreign ore making the total foreign |
imports Ds.65H90i The Imports ~
United States gold coin aggregated |
Sei, a2i ga. making the total Imports |
17S. 2sO,b7b Tho gold exports IN 1928 |
were 5000, G93. or this sum 81 ,pD5i |
was United States gold coin. The for
elRn gold coin and oroa Of the value of |
81 tis,lf3 were rr-exported. The bal /
nnco OF the gold exports consisted OF |
United Htatca bars. domcstic bullion |
ana gold contained Ia couper-mnfic |
and domestic UreH. The imports OF hii-
yer into the United States for the cnl-
endnr year 1893 aggregated 12T.165.c9f.
OF this sum "a. tog.1I2 WnA foreign bull
Ion; $3.50. sg2 silver contained IN for
elRn ores and tig.26s5ie foreign silver
noin. The VDluc nf United States silver
coin imported wan fls5,se1. The OK
ports u silver from the United states
In 1899 ngKreRatr1 87,f03.1s9. or this
rum tsI.eG7.737 were domestic bullion;
81 1855 silver contained IN copper |
matter and ,s9.iB7 United States riib-
uidiary coin. The ynlue ~ foreign MI
yer coin and tho silver eontninrd n
foreign ore rr-expprted. tif,s00,sN.
Com pnriHon u the totals ~ imports
and exports n silver for the year of
Is91 shows thai the exports exceed
HE imports by SO 1877 .e0s.
Metallic Money Of The United states.
The stock Of metallic money in the
United states January !. 1894. wna-
yoid. t5ii.s0ssss; In silver, Iig5,7ooseg
The coDsumpiien Of goid and silver IN
Inc Industrial arts N the United States
In 1873 u estimated AZ a total Of gold
lIs.ts5,eoi and Of silver, 3e.e3i,gs1 |
Heretofore the amount 81 gold coin estl-
mated ~ ths mint bureau az used IN
the United States ~ tho industriai
arts was ts,500000. in tho eaiimate
now made u ~ reduced 10 $i,a1o.000 per
nunurn The amount Cf silver used