The herald., 1898-09-20
TREASURY STATISTICS
OF COIN AND PAPER MONEY IN
CIRCULATION
Gold Production and Coinage in 1897
the Largest Since the "D~ys
of Old"


Tribune from Washington says:
The statistics of banking currency, coll
age and the production Of precious metals
in the United States are presented IN deta'i
Inv a series of tables just issued by the
Treasury Bureau of Statistics as part Of
the July summary Of commerce and fin
ance.
examina tion Of the tables reveals some
interesting facts. The earliest figures are
those of 1774. which give the specie at
that date at 81, 100000 The same statement
publishes the specie in 1IS4 at $1,000 900, the
number of banks three, with capital of
g.. 100, 900, and a circulation of s2,C0O,COO. BY
1897 the number of banks had increased to
twenty-five, the capital to $19, 100000. the
bank circulation to 100000 and the
specie to $14, 900 ,O0O The story of the CEN
tury 1797-1S97 is told fully in the elaborate
series of tables, both as to banks and
their currency and gold and silver produc-
ton and coinage. In that time the number
of banks increased to 9,457, the capital to
81 ,927 ,493, ,65S, and the bank circulation to
s1sS $780, ,670. The deposits in the first bank
of the United States in 1903, the earliest
are obtainable, amounted to $s5Oo.OoO; the
individual deposits reported by the 945i
banks in 1897 amounted to s., 1893, 7J5,SO7. OF
this 81, 1893, ,376 ,035 were savings deposits.
The increase in the number of State
banks, prior to the Civil War is shown 10
have been rapid, the number in 1880 being
$780, in 1910, TAI; In 1850, 500; in 1850 1860. The
decrease from 1860 was equally rapid, the
~ tn, 1xatv
in 1854, 349 and in 1869. 247, while the num-
her of national banks organized in 1862
1854 and 1865 was 1901. State banks again
increased in numbers after 1868, the num-
ber in 1872 being 566; in 1885, 975; in 1883
1903; in 1890, 2101; in 1894, 1868, and in 1891
the number including private banks is re-
ported at 1878. Prior to 1860 the deposits
in State banks amounted to little more than
half the capital stock, while since 1877 de-
pos!ts have at all times been more than
double the amount of capital stock, and
in 1895 were s723,640,795, against capital
stock of $2SS, ,677 ,0SS. The statements re-
garding the amount of money in circula'
ton in the United States at various periods
are equally interesting. The amount in cir.
culation in 1900 Is given at $4.9S for each
person; in 1910, s7.G0; in 1920, 1896; in 1880
SC. SO; in 1910, $1O.91; in 1885, $12.02; in 1860
$13S5; in 1865. s2O.57; in 1870 $3.50; in 1880
SIS. Al; in 1880, 1922. so, and in 1898, s2474
The statement in regard to gold produc
tion and coinage shows that the mines Of
the United States produced more gold II
the year 1897 than in any preceding veal
except those of the gold development o.
California in 1852, 1858 and 1854
The gold production Of the United State:
in 1897 Is given at $51 1868 900, while that OF
1852 was $50 900 600; that of 1868, s65 900 900
and that of 1854, $6O,OOO,O 900. Colorado /.
shown to have taken, In 1897, first place ir
the rank of gold production in the States
her production In that year being $19 ,10t
200, against $14, ,G1S, 300 by California, whilt
prior to that time California had constant
ly stood at the head of the column of golt
production States.
The coinage of gold by the United States
mints in 1897 was s64, 4,644s65, which |!
nearly so per cent larger than the averag,
annual coinage since 1870.
| The statements respecting the gold pro
duction of the world show, by periods, thu
amount of gold produced in the world
Since the discovery Of America, the tota
value of the gold produced from 1492 tc
1898 estimating 1897 at s24O,OO ,0OO) wa.
50, ,023, ,32O 600. OF this amount 6,O65, ,O97 GOt
has been produced since 1850, more thar
double the sum of the preceding $50 years