The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-05
Alb ABOUT DOLLARS
ANNUAL REPORT OF DIRECTOR OF
THE UNITED STATES
MINIS.
FIGURES IN THE MILLIONS.
METALLIC MONEY STOCK OF THE
NATION SOMETHING OVER
BILLION.
ONE HUNDRED PER- CENT PROFIT
Made by Counterfeiters Who Turn
Out silver Dollars Equal to
the Regular Coins.

WASHINGTON, Dec. 4-The report
of r. e. Preston, director of the mint,
shows the operations of the minis and
assay offices during the fiscal year of
1895, together with statistics of foreign
countries, relative to the production,
coinage and monetary conditions& of
each. The original gold bullion depos-
tied at the minis and assay offices
during the year was valued at $68, 769,-
3sS. The original silver bullion depos-
tied represented a coinage value Of
$l1,672,077. The purchases of silver
bullion for subsidiary coinage were
484,578 fine ounces, costing $122,4
The coinage executed at the minis
during the fiscal year vas as follows:
Gold, $58,S78, 400; silver dollars, $780,
SS2; subsidiary silver, $3,939, S19; minor
coirs, $859,337; total ST., 1873, 1853. There
was total coinage under the act of
July J 4, 1890, up to Nov. l, 1896, of $685.
BOOSTS, with a seigniorage of $13, 1904, :
034, leaving on hand at the minis a
balance of 125,061, 262 fine ounces, cost
ing SIP, 1865, 625. The balance on hand
July l, 1896, available for subsidiary
silver coinage was 1,161, 7O8 fine ounces,
costing $1,514,52O.
The total amount Of minor coins is
sued by the mint at Philadelphia
since 1872 to June 20, 1896, was $27, S18,-
107. OF this amount 50, 382, 461 has been
re melted, leaving $25, 435,646 as the
total amount outstanding on June 80,
1886. Deducting the balance on hand
at the minlts July l. 1878, the net seig-
niorage or profit on the coinage Of
silver from that date to June 80, 1895,
was SIS. 145,603 Gold and silver bars
were manufactured at the minis and
assay offices during the fiscal year as
fellows: Gold, $53,24s,523; silver, ST.
$40, 454.
The average London price Of silver
bullion during the fiscal year was equi-
valent to $0.6S005; the New York price
was $0.68491, and the average price at
the par of exchange was $0.67588. The
highest quotation during the year was
equivalent to $0.70204; the lowest quo
tation S0.660S1. The commercial ratio
OF gold to silver was l to 30.58, and the
bullion value of a United States sill
yer dollar, at the yearly average price
was $0.52262. The number of grains of
pure silver at the average price, pur-
chasable with a United States silver
dollar was 710.06, equivalent to 1.479
fine ounces. The net gold exports for
the fiscal year were $78,904,612 as
against $50, III, 376 for the previous year.
The net silver exports were $50, 1852, 258
as against 1851, 789 for the previous
year.
The employment Of precious metals
in the industrial arts in the United
States during the calendar year 1895,
was: Gold, $13, 429,Os5; silver, $12, 277,-
024. The new material consumed in
the manufacture of these bars was:
Gold, $S,4S1,7S1; silver, $9,825,387 The
metallic stock in the United States on
July 1, 1896, was: Gold, $599, 597, 1854; sill
yer, 1928, TBS, OIL; a total of 81, 22S, 926 OBS.
The estimated production of the prec-
ious metals in the United States in
1895 was: