The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1895-11-29
coinage OF The FISCAL YEAR.
The Director Of the Hint Submits His Annual
Report,
Value OF Gold and Silver Deposited Durina
the Fiscal Year-COinsgs for the
Same PerIOd-The Product
Of Gold and silver.

WASHINGTON, Nov. 2a-The director
of the mint has submitted his report
! to the secretary OF the treasury. The
value of the gold deposited at the
mints and assay offices during the fiscal
! year was So, 4s2, OS9 of which sos, i6l,.
OO7 were original deposits and So, S2l,-
O29 were redeposits The classification
OF the original deposits of gold was;
Domestic bullion, S44, 81, 949; worn,
uncurEent and mutilated gold coins,
s1SS, 25S; foreign bullion and coin, Sl6,-
j 367, O49; gold plate. jewelry, etc, So, 9lS,'
SO9
The value of the silver deposited
during the fiscal year was SIS, ia, 565,
OF which SD, pa, 70O were original de-
posits and s479, Cos redepOsits. The
value of the deposits of domestic silver
bullion at the minis during the fiscal
year was IS, S04, S6S, and worn and mu'
tilated domestic coins, at silver dollar
value. s., 500, 95S; foreign bullion and
coin, 81, 7S0 $685. old plate, jewelry, etc,
$3.50, O6L
The coinage by the minis during the
year was, gold, S43 9sS, as; silver dol
lars, So, 956,O11 subsidiary silver coins,
S5,118, 1885, minor coins, S7l2, 594i to-
tai coinage Of $50, us, $40
In addition to the coinage executed
by the minis during the year, gold
bars were manufactured of the value
of s43, 1853, $40 and silver bars of the
value of 1854, 545.
The total earnings of the minis and
assay offices during the year was 81.
OSs, S72, and the total expenditures ST.,
1875, 435, showing the net earnings from
all sources to have been S9O2, 936 The
value of the gold and silver estimated
to have been used ia the industrial
arts during the calendar year of 1885,
was approximated at SCI, 541, 652, o.
which $40, 65S, GOA was gold and $40, $50,
G48 was silver. The estimated metalli,
stock in the United States on July 1
1898, was, gold, $685., 300, s25; silver
1925, S53, 949; total of 81, 262, OS4, TIA.
The estimated product of gold anC
silver in the United States during tn,
calendar year 1894 was, gold, 500, 500,
600; silver, 49,5O0 GOO fine ounces o
the commercial value of S31, 422, 600 anC
the coinage value of S64, OOO OOO Tn,
estimated production of the world TO
the calendar year was, gold, $780, 626,
100; silver, coming value, S2i6, S92, POI
commercial value, S1O6, 729, 900.
The director says that the result o
the currency legislation of the Unitet
/ States for over 100 years has been sucl
as to leave an incoherent monetar,
| system as inconsistent, illogical an,
expensive as can we'll be imagined
that inspires little confidence at hom
and is not conducive to our credi
abroad, and its reform is one of tn
most important and urgent politica
and financial questions of the hour
lie says that on January l, 1879, tn,
date Of the resumption of specie pay
ment, the only currency, except coli
certificates, required to be redeemed Il
gold coin, was the S346, 6sl, OI8 lie
gal tender notes then outstanding
which the then secretary of tho treas
ury was of the opinion that a gold re
serve Of 800, 600, 900 would be sufhcien
to maintain, but the paper eurrenc.
redeemable on presentation has beer
increased to the extent Of Sl55, 93O, OOC
issued In payment for the silver bul
lion purchased under act of July IA
1890. Besides these, there were out
standing November 1, 1895, 1898. 456, %
In silver certificates and as the act o
July IA, 1890, declared 1t "to be the es
tablished policy of the United State
to maintain the two metals at parit
with each other" there was now a tC
tai of 1921, 229, $50 resting on the basi
of the gold reserve of 100000, OOO.