The Red Cloud chief., 1895-11-29
HEpORT OF
Value " Gold aud silver Deposited nt
the Mint During Last Fiscal Year.

W WIN b"''uS ~ Sis'ht Ne0rs
WASHINGTON, Nov. 20. - According
to the annual report of the direc.
tor of the United States mint, the
value Of the gold deposited at tho
miuts and assay offices during the
fiscal year was So, AS, 0ss, Of which
sd5. l6l .0O7 were original deposits and
S9",3!j,0 22 were rc-dcposits. The
classification OF the original deposits
of gold was; Domestic bullion. Si4,-
3Si.plg; worn. uncurrcnt and mutilatcd
gold coins, Siss, 25s; foreign bullion
and coin, sid,a6', o49; gold plate, jew
clry, etc, Sj,2i3, 500.
The value Of the silver deposited
during the fiscal year was SIS, IA, 365,
of which SIS, 23i, ZOO were original de-
posts and SAG, COS rcdeposits. The
value of the deposits ot domestic sill
YER bullion nj the minis during the
fiscal year was 81, s0i, 400, and worn
and mutilatcd domestic coins, at silver
dollar value, 81, 500, 500; foreign bullion
and coin. 81. $50, 9e3; old plate, jewclry,
etc, s,jO,05l.
The coinage by the minis during
the year was: Gold, $40. D33, iT5: silver
dollars. 81, $685. OIL: subsidiary silver
coins, 81. Is i69; minor coins, SIl2, j9i;
IA total coinage OF S53,1i5.5ia.
In addition TO the coinage executed
by the mints during the year, gold
bars were manufactured Of the value
of Si5, 3 $50, and silver bars of the
value of $40, al $40
The average London price of silver
baliion during the year was 30 pence.
equivalent 10 63.s cents. The highest
price Of silver during the year was GS
cents, and the lowest price sos. AZ
tho average price of silver bullion
during the fiscal year, tho ratio of
gold to silver vas ! to 3a.5, aud the
bullion value of u United States silver
dollar was SO.fi. los.
The value of the gold and silver cs-
timnted 10 have been used In the in
dustrial arts during tho calendar year
1904 was approximated at 81 sal ,65:,
of which Sio,65s, GO4 was gold, and
$40, $50, Ois was silver.
The estimated metallic stock In tho
United states on July ]. 1895, was:
Gold, sG36. 229, s35; silver, Sj25, s53, $40;
a total ofSl. 262, Osi ,51i.
The estimated product Of gold and
silver in the United States during the
calendar year 1894 was: Gold. $39,-
500, 900; silver, $40, 500, 900 fine ounces,
of the commercial value of SOL ~, 900,
and the coming value Of e64, O00, 900.
The estimated production of the world
for the calendar year was: Gold,
SlsO,b26. 100, silver, coming value,
S2l6, sYe, 200; commercial value, $780,
$4,000.
The coinage Of gold and silver by
the various countries of the word, 20
tar a. the information has been re.
cciycd for the calendar year. 1894. was:
Gold, S227, 9al ,O32; silver. SiO6, 3s3, 95a.
In his report Mr.. Preston gives On
estimate Of the approximate stock OF
money In the principal countries of the
world. lie places the stock of gold nj
S4,Os6, 800, 900; the stock of full legal
tender silver at 81. 430, 3W'. 900; stock of
limited tender silver at S63i 200, max.
ing q total silver stock in the world OF
-, $50. 500, 600; the uncovered notes are
placed at 81 ,4Gg, 900, OO0.
MIR. Preston, in a review Of the mon.
etary legislation OF the country, states
that the real dcmonetization Of silver
took place In 1861, when the weight Of
the divisional coins was reduced about
: per cent. This, he says, was not an
accident or nm oversight; IL was cx
pressly declared IN the house Of repre-
sentative hat the intention was 70
make gold the sole standard of value
in the large transactions, and silver
subscribe mt to IL for small ones The
act OF 1873, he says, was only nominal.
In his report The director OF the mint
says hat the result of the currency
legislation of the United States for
over a hundred years has been such "a
To leave an incoherent monetary sys.
TEN as inconsistent, illogical and ex.
pcnsivc as a well he imagined, that
inspires little confidence At home, and
is not conducive of our credit abroad,
aud its reform is one OF the most i'm.
portant and urgent political and finan.
ella questions of the hour.
lie says that on January l, 1870, the
date OF the resumption Of specie pay
mcnts, the only currency. except coin
certificates, required to be redeemed
in gold coin, was the $346, OsI ,OI6 legal
tender notes then outstanding, which
the then secretary Of the treasury was
of the opinion that u gold reserve OF
SiOO, O0I. 900 would be sufficient "a
maintain. but the paper currency re-
deemable on presentation has been in
creased to the extent OF Sl56, $40, 900,
issued In payment Of the silver bullion
purchased under act Of July IA, 1899.
Resides these, there were outstanding
November !, 1885, S323, f56, 236 In sill.
yer certificates, and as the act of July
"a. 1890, declared It ito be the estab-
lishcd policy of the United States to
maintain the two metals at parity
with each other there was now .
total Of s6:i. o29, 532 resting on the
basis Of the gold reserve OF
500. 900, 900.