The record-union., 1896-08-31
GOLD And SILVER.
NOn-PartiSan Statement Of Facts About
the Metals.
Figures That Are Worth Studying
by Those Who Wish to be
Correctly Informed.

Under existing laws the United States
minis refuse to receive silver bullion for
any purpose from any one. Coinage of
silver money by the minis is now con-
fined to the bullion on hand and that
separated from gold bullion deposited in
the usual way.
The advocates Of free coinage desire
the enactment Of a law which would
authorize the minis to receive silver
bullion from private owners and coin
the same at ratio of is to /, which
means that sixteen ounces of silver
shall be considered equal in value to
one ounce Of gold, regardless of the
market price in other countries.
Those opposed to free coinage of silver
maintain that such g. law would be dis
astrous to this country unless foreign
nations with whom we have business
transactions agree to establish and
maintain the same ratio.
United States Mint Valuation of Gold
and Silver-1 o., $50 grs., pure gold,
], 200 fine, $50 81; l o., $50 grains, pure
silver, 1000 fine, 81 &c. Present ratio,
1899 to 1.
A S20-piece contains 4644 grains of
pure gold and Ole grains of silver and
copper alloy, total SIC grains, the gold
itself being worth exactly $40.
The standard silver dollar contains
3Il2o grains of pure silver and 41.25
grains of copper alloy, total 412.50
grains, and is worth at the mint valua-
ton 81. The present market price Of
3I1.20 grains of pure silver being 521a
cents.
Market Value of Pure Silver in a
Dollar-When silver Is so cents per
ounce the value is 80 cents; when silver
is 20 cents per ounce the value is 46
cents; when silver is 20 cents per ounce
the value is "a cents; when silver is so
| cents per ounce the value is 81 cents;
when silver is 90 cents per ounce the
value is 10 cents; when silver is 81 per
ounce the value is II cents; when sill
yer is 81 20 per ounce the value Is 90
cents; when silver Is 81 % per ounce the
value is 81.
Market Value of an Ounce of Silver at
Different Ratios-15 to 1 an ounce of
silver is worth 81 80 in gold; 16 to /
an ounce of silver is worth 81 90 In
gold; IL to 1 an ounce Of silver is worth
81 21; 20 to ] an ounce of silver Is worth
81 03 in gold; % to 1 an ounce of silver
is worth SO cents in gold; 1924 to 1
ratio in 1895, an ounce of silver is worth
G3.6 cents in gold.
The market value of the bullion In a
silver dollar (37125 grains) has fluctu-
ated as follows: 1850, 81 Oh; 1860, 81 04;
1870. 81 03; 1880. SO cents; 1890, 81
cents; 1891, 76 cents; 1892, 81 cents;
1893. 60 cents; 1894, 40 cents; 1895
500 cents.
The ratio Of silver to gold for fiscal
year ending June 80, 1895, was $3.50
to 1; in other words, 1924 ounces of
silver were equal to ounce of gold.
The Standard Silver Dollar-Author-
lied to be coined. Act Of April 2, 1892;
weight, 416 grains; fineness, 1924.
Changed by Act of January 10, 1887,
to: Weight, 4121a grains; f1neness, 900.
Coinage discontinued Act Of February
-, 1873; total amount coined to that
date, S,031 ,23S. Coinage reauthorized,
Act of February %, 1878. Amount coin
ed from March 1, 1873, to November
1, 1895, S423, 2S9, 300.
Ownership and Circulation of Silver
Dollars, November 1, 1S95-Held in
treasury for payment of outstanding
certificates, S342, 400, 504 held in treas
ury in excess of outstanding certificates,
$50, 525, 713; in circulation, S66, 1856, $780,
Ownership Of Gold and Silver Coin
and Bullion in the United States. July
l. 1S95-Gold: United States Treasury,
Sos, 210 $50; national banks, S171 PIT, :
437; private banks and individuals,
1856, S01 1873. Silver United States
Treasury, $193, 6S1 500; national banks,
S43, 209, 757; private banks and individ-
uals, 1888, 963, 493.
Production Of Gold and Silver in the
United States During 1S94-Gold / ,91O,-
S13 ounces, value S39,500,OO0: silver
40, 100000 ounces, mint value S64 OO0, :
600. market value of the silver being
S31 ,422.000.
Production of Gold and Silver In the
World During 1894 - Gold S.737. 1888
ounces, value $3.50, 626, 100 silver 1877
752. 561 ounces, mint value PIG, S92, 200,
market value of the silver being $780,
522, 900
Production of Gold and Silver In the
United States, 1873 1S94-Gold 81, 92S,-
721 ounces, value 1874, O5O,O0O silver
SS3 ,S49,0 600 ounces, mint value 81, 1872
5000, market value of the silver be-
ing 5000. 49S.0OO.
Coinage Of Gold and Silver in the
United States MINIS, 1893 1S94-Gold
d, 349, 653 ounces, value 1897, 400, 63333 ;
silver, 416, 453, 1876, value S53S, 444, 467.
Silver Production in 1895 United
States 100000 ounces, Mexico ST.
10000 ounces, Australia 14,5OO,OOO
ounces. all other countries 100000.
Il do yVoIfa Hannah