The state herald., 1897-10-22
REPORT OF THE MINT.
GOLD AND SILVER STATISTICS.
Industrial Arts Used 1,5OO,1O7-
Worlds Product of Gold and Silver
About S325,OOO,OOO.

Washington, Oct. 1S.-Thc director Of
the mint has submitted to tire secre-
tary of the treasury his report for the
fiscal year, 1897, covering the operations
OF the min'ts and ;lss;iy offices together
with the statistics of foreign countries
relative to production, coinage and the
monetary condition of each.
The value of the gold deposited at
the mlnts and assay offices during the
fiscal year, 1897, cents omitted, wns
$l20, 800. OF this amount SSI ,0O3,-
S37 Were original deposits and $40, 1922
lG2 redeposits.
The coinage value of silver bullion re
celved during the year was $9,2I2. ODD:
Of this amount $9.470.623 We're original
and the remaipder. S2J4 ,39S. redepOslts.
The coin executed during the year
was as follows:
Gold, $I1 GIG. 7O5; silver dollars. SOL
2O3.7Ol; subsidiary silver. '$3.124 .OsG:
minor. 1854. 500. The silver dollars
coined We're from silver bullion on
hand purchased under the act of July
II, 1880.
The total coinage of silver dollars
from bullion purchased under that act,
from August 18th, 1890 date the law
took effect, to July 1st. 1897. has been
Us, ,14S,41I pieces, containing 53, 1I2,6JO
ounces OF fine silver. costing SOL .532,-
154, giving scigniornge Of S1T,216,322.
The balance of silver bullion OH hand
at the mints for the coinage of silver
dollars and subsidiary silver coins,
July l. 1897. was:
Purchased under act OF July ~. 1880.
fine ounces. III. .43S, ,iG1: cost. S10i,336.-
3l2. For subsidiary silver coinage. fine
ounccs 1,34S,353; cost S1,6I2,09O. At
the United States assay office. New
York. for payments of deposits In fine
bars. fine ounces. 5O5.99S. cost S512, 1856.
Including the balance on hand at the
mints July 1. 1873. the net seigniorage
on the coinage OF silver. from that date
to June 80 1897. was SSi.S22, ,S21.
The net imports of gold Were S44.-
6o0.S41, as against S1S,9Oi.6l2 net cx-
ports for the previous fiscal year
The net exports of silver were w.
G3G.S35. as against S33. .2G2, 2JS for the
fiscal year of 1896.
The product of gold and silver in the
United States for the calendar year
1S.Ni wac: Gold. sa3 OSS, 600: silver. coin
ing value. ST6.O69,23S.
The value Of the precious metals en-
p.Oycu IN the lnuustrlil urtS Ill lhe
United States during the calendar year
1896 was: Gold. 81, ,29jG4; silver, S1O,-
oOi.273.
The stock of gold and silver in the
United States on July /. 1897. Is esti-
mated to have been: Gold. SG9G,2IO.342;
silver, SG34, ,5O9,7SG; total, S1,33O, $780,
32S.
The total metallic stock and uncov-
cred paper of the world. compiled from
the latest reports. 10 estimated to have
been on January 1. 1897 Gold. Si.339.-
COO,OO0: full legal tender silver. 3d.
GI5. 500. 900: limited tender silver. $685.
10000: total metallic stock. SS,G2I.0O0
coo: uncovered paper, S2.569.20o,OOO;
total, S11. .19T. 100000.
The worlds product of gold and sill
YER for the calendar year 1896 was:
Gold, 500. .:396.GO0: silver commercial
yalue). S1O9. .IOG. 400; silver coinage val
ue). S215242.7C .7C0.
The coinage Of god ard silver by the
various countries OF the world. SO far
nc reported. was: Gold, S195. .S99,51I;
silver, S153.395.II0.
The director OF the mint. In his ~
port. reviews the decline Of silver since
1873. and attributes the decline to the
great increase in production.