Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1895-12-05
Highest of all in LeaVehg Pow-Latest u s. Govt Report
R@:aa!!! g! Rs&ass'! RRskiaRs
ABSOLUTELY PURE
ON GOLD AND
SILVER.
Director of the Mint Preston Re-
ports on the Coinage and Coin
Holdings of the World.

The Director of the Mint has submitted
his report to the Secretary of the Treasury.
The v lue Of gold deposited at the mnts aud
assay offices during the fiscal year was $S7,-
482, 2,082, Of which $50, ,l6l ,007 were original
deposits and $22.32 OPP were redeposits.
The classification of the original deposits of
gold was: Domestic bullion, $44,37l, ,949,
worn, uncurrent and multlated coin, gold,
$l88.25S; foreign bullion and coiu $1G,3
t49; plate, jewelry, DO, $3,2l3, 500.
The value of the silver deposited was $l5,-
7l4,365, of which S15,23i, 700 were original
deposits and $4z9,6 redeposits.
The average London price of silver bullion
during the year was % pence, equivalent to
63.8 cents The highest price of silver dur
ing the year was 6o cents, and the lowest
price 59.8 cents. At the average price of
silver bullion during the fisal year, the ratio
of gold to silver was to 3z.5, and the bull
lion value of United States silver dollar
was $0.49 1853.
The coinage by the mints was: Gold, S43,-
933, ,475; silver dollars So, $50, oil; subsidiary
silver coins, $5, ,469; minor coins, $712.-
594; total coinage of $53, 715,549 In addi-
tion to this coinage, gold bars of the value
of $43, 153, $40 and silver bars of the value of
0,341 $40 were manufactured.
The total earnings of the mints and assay
officers were $2,0S6, ,372 and the total expendi-
lures 81 ,165, ,435, showing the net earnings
from all sources to have been $902, 1886.
The value of the gold and silver estimated
to have been used in the industrial arts dur
ing the calendar year 1894 was approximate
ly SOL, ,541 ,652, of which $40, ,65S, ,6O4 was gold
and SIC, 0,883,048 was silver. The estimated
metalli stock in the United States on July
!, 1885, was. gold, $3.50, ,229, 1926; 81 yer, $685.
e53,9i9; tJtal of 81, ,262, ,084,7 TIA.
The estimated product of gold and silver
in the United States during the calendar
year 1894 was gold, $39, SOC, 900; silver, $49,- :
100000 fine ounces, of the commercial value
of $3l 900, and coinage value of $64, 900,
600. The estimated production of the world
for the calendar year was gold, $3.50, ,626, 100
silver coming value $2l6, ,692, zoo; CONNER
cial value, $l06, ,522, 800.
The coinage of gold and silver by the vari.
GUS countries of the world, SO far as this in
formation has been received, for the calen
dar year 1894, was, gold, $227,92l ,032; silver
$l06, ,383,052.
In his report Mr.. Preston gives an esti
mate of the approximate stock of money ir
the principal countries of the world. He
places the stock of gold at 81, ,086, ,000, 600 ths
stock of full legal tender silver at $3,439,
800, 600 stock of limited tender silver at $63l,
200, making total silver stock in the worlt
of 81, 4,O70, 500, 900; the uncovered notes ar,
placed at So, ,469, ,500,00
: In his report the Director says that the re
suit Of the currency legislation of the Unitet
States for over hundred years has beef
such as to leave an incoherent monetar
system as inconsistent, illogical and expen
sive as can well be i'm gined, that inspire
little confidence at home and is not conduc
tive to our credit abroad, and its reform /
one of the most important and urgent polit
ical and financial questions of the hour.