The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-12-08
OUR STOCK OF MONEY.

OUR STOCK OF MONEY.
On the lst day of November, 1896, the
total stock of money of al kinds in the
country was S2.2S5. alO. $40. and the
amount in circulation. not including
that in the Treasury holdings, was
$lG27 .055,64l, being $2263 per capita upon
an estimated population of IL 902 600.
The production of the precious metals
in the United States during the calen-
dar year 1899 is estimated 10 have been
2.25i,1GO fine ounces of gold. of the value
of &6,6l0,OO0, and 81, 727 900 fine onunces
of silver, of the commercial value of
SIG. Zoo, and the coinage value of $T2-
O9lO The estimated production of
these metals throughout the world dur
Ing the same period was 9,6SSS2l fine
ounces of gold, amounting to 5000, 2S5, 100
in value, and 1853, esq., 49 fine ounces of
silver. of the commercial value of $il0,-
654010. and of the coinage value of S2lS.-
I3S,l0O, according to our ratio The
coinage OF these metals In the various
countries of the world during the same
calendar year amounted to 1852 1Ol, A2S
in gold and sl2l .996.219 in silver The
total coinage at the mnts of the United
states during the fiscal year ended
June 30. 1895, amounted to $7l .lSS ass. 81
Of which S5e.S7S4 400 was I'm gold coins
and Sl2S09,9lS.52 in standard silver dol
lars, subsidiary coins and minor coins
NATIONAL BANKS.
The number of national banks or
ganiZed from the time the law nuthor,Z-
ing their creation was passed up to Oc-
tober 81. lS96. was 5.05l, and of this
number 1868 were at the date last men,
toned in active operation, having au-
thorized capital stock OF $3.50. Ol4, Sg5. held
by 2SS,g02 shareholders, and circulating
notes amounting to $2ll,4l2.62O.
The total outstanding circulating
notes of all national banks on the 8Ist
n Not n.
oSS,S0i. including unredeemed but fully
secured notes of banks insolvcnt and In
process of liquidation. The increase II,
national banks circulation during the
year ending on that day was $9l O99 500
on october q, 1896, when the condition
OF national banks was last reported, the
totai resources of the 3.G79 active insii.
tutions was s3.2G3. 1883. which in
cluded Sl.S93. 26S. S39.3I In loans ana Ills.
counts and $3.50. l65. 1885 in money of nj,
Kinds on hand. OF their liabilities 81 517 .
WI ,OJ3.O3 was due 10 individual deposi-
TORS ana S2o9'sl4,ol9 consisted of ont
standing circulating notes. There were
organized during the year preceding Tho
date last mentioned twenty eight ma
tional banks, located in fifteen states
OF which twelve were organized in tho
Eastern States with a capital of s1ISO
oO9; SIX in the Western States with n
capital of $S7j, 0G0. and ten in the Southern
States with a capital of sl.l9O. coo. Dur
ing the year, however. thirty-seven
banks voluntarily abandoned iheir
franchises under the national law. and
IN the case OF tWenty-seVen others II
was found necessary TO appoint receiv-
ers. therefore, as compared with The
year preceding, there was decrease of
thirty-siX in the number of active
banks. The number of existing banks
organized under States laws Is 5.70s.
IMMIGRATION.
The number of immigrants arriving In
the United States during the fiscal veor
was 3I3.267 of whom 3i0iGS were ner
mitted to land and 2799 were debarred.
on various grounds prescribed by law.
and returned to the countries whence
they came. ut the expense of the steam
ship companies which they were brought
in. The Increase in immigration over
the preceding year amounted to S473l
1t is reported that with some eXcep.
tons the immigrants of the past wear
were of hardy laborihg class, nccus-
toned and able to earn a support for
themselves, and 1t is estimated that the
money brought with them amounted IN
at least S5.000,000. though II was PRO
baby much in excess of that sum. since
only those having less than $40
are required 10 disclose the exact
amount, and 1t is known that many
brought considerable sunny of money to
buy land and build homes. Including
all immigrants arriving who were over
II years OF age. 1853 per cent were H.
literate. as against 20.37 per cent. of
those OF that age arriving during the
preceding fiscal year. The number OF
immigrants over IA years old. the coun-
tries from which they came and the per-
centage of illiterates among them were