Daily capital journal. (Salem, Or.) 1896-1899, 1898-09-21
FINANCE
Exhaustive Report on Currency and
Precious Metals.
of the Banking Systems and
Volume of Circulating Set Forth.
A special to the New York Tribune
from Washington says:


from Washington says:
Statistics of banking, currency,
coinage and the production OF prec-
ious metals in the United States are
presented IN great detail by series OF
tables Just issued by the treasury
bureau of statistics. as a part OF the
July summary OF commerce and fiji
nance.
An examination of the tables re-
Yeals some interesting facts. The
earliest figures are those OF 1774,
which give the specie at that date at
81, 100000. The same statement pub
fishes the specie in 1884 at $4,000, 900,
the number OF banks three, with a
capital Of 81, lO0, 900 and a circulation
OF 100000. BY 1897 the number TO
SIG, ,000,0O0, the bank circulation to
SIC, ,0O0, ,0O0.a the specie to Sl4, 900, 900.
The story of the century, 1797-l897,
is told fully in the elaborate series OF
tables, both as to banks and their
currency and gold and silver produce
ton and coinage. In that time the
number Of banks increased to 9457,
the capital to 81 1921, ,493,6 ,653, and the
bank circulation to 81, 1893, ,920, $40. The
deposits in the first bank Of the
United States In 1909. the earliest
date at which reports of bank de-
posits are obtainable, amounted to
$S. 00.000, the individual deposits re-
ported by the 9457 banks in 1897.
amounted to S., 1877, ,755,S07 or this
81 .939, 1916, ,135 we're savings deposited.
The increase in the number of state
banks prior to the civil war, is shown
to have been rapid, the lumber In
1880 being 329; in 1910. TAI; in 1850,
800; in 1860. 1860. The increase from
1860 was equally rapid, the number OF
state banks in 1868 being 1923; in 1864,
$40, and in 1868, 247, while the num-
Der OF national banks organized in
1863, 1864 and 1865 was 1901. State
banks again increased in number after
1868, the number 10 1872 being 566; In
1885, 975; in 1888, 1403; in 1890, 2l0l;
in 1894, 1886, and IN 1897, the number,
including private bands, Is reported
at 1919. Prior to 1860, the deposits IN
state banks amounted to little more
than half the capital stock, while
since 1877 deposits have at all time
been more than double the amount Of
capital stock Of 1928, ,677 ,088.
The statements regarding the
amount OF money in circulation in
the United States at various periods
are equally interesting. The amount
In circulation In 1900 is given at 81, 90
for each person; in 1910, 81 60; In 1920,
So 90; in 1880, So SO; In 1910, $40 81; In
1850, $l2 OF; In lS60.: $l3 80; in 1865,
$40 81; in 1870, $I7 so; In 1880, $40 Al;
In 1890. $22 82; and in 1898, $24 IA.
The statement in regard to good
production, and coinage show that
the mines of the United States pro-
duced more gold in 1897 than 10 any
preceding year, except those OF the
great gold development OF California
in ls52'and 1853, The gold production
of the United States in 1897 is given
aC $57, 1863, 900, while that OF 1852 was
800, ,000, 900; that OF 1853. $65, 10000 and
that OF 1854. $6O.000,000. Colorado is
Is shown to have taken In 1897 first
place in the rank OF gold production
in the United States, her production
in that year being $l9, ,l04, 200 against
$l4,6ls, 300 by California, while prior
To that time California had constantly
stood at the head of the column OF
gOld.prodnction states.
The coinage OF gold by the United
States mlnts In 1896 was $64, ga 1865,
which is nearly 80 per cent larger than
the average annual coinage since 1870.
The statements respecting the gold