The times. [volume] (Richmond, Va.) 1890-1903, 1898-09-20
BANKING SYSTEM
AND CURRENCY.
The Treasury Department Gives Out
Interesting Facts.
THE BANKING SYSTEMS GROWTH
A Statement Of the Currency Condi'
tons and Gold and Silver Produc'
ton in Other Parts OF the
WorId-As TO State Banks.

WASHINGTON. Sept. 19.-Special--The
banking. currency, coinage and produc-
ton Of precious metals in the United
States during the past century are pre-
sented in great detail by a series Of tables
just issued by the Treasury Bureau OF
Statistics as part Of the July Sum-
mary OF Commerce and Finance.
These tables, covering more than one
hundred pages Of this unusually large
volume. present very complete picture
Of the currency. both metallic and paper
and 20 this is added for comparative pur-
poses brief statement OF the banking
and currency conditions and gold and
silver production in other parts of the
, world
SOME INTERESTING FACTS.
An examination Of these figures cover
ing the banking and currency history Of
the country brings 10 the surface some in
teresting facts. The earliest figures are
those OF liza, which give the specie at
that date at 100000. The same state
ment puts the specie in 1884 at $1,000 CO.
the number OF banks three. with a CAPT
tai of -, 100000 and a circulation OF g. Co.,
600. BY 1871 the number Of banks had
increased 10 twenty-five, the capital 20
sls,2C0,OO. the bank circulation To So Co.,.
900. and the specie 10 Sl4O00Ooe.
The story Of the century 1797-1S97 is told
very fully in the elaborate series Of tables
both as TO banks and their currency, and
gold and silver production and coinage.
The number Of banks in rS7 was twenty
five, in 1897, 945f. The capital i'm 1881 was
$500. 900; in 1897, $l,02z493. 653. The bank
circulation In 1871 was $4,000 600: IN 1897
SlaS92o, $40. The deposits in the first bank
of the United States in 1909. the earliest
date at which reports Of bank deposits
are obtainable. amounted TO 8 200. 900. the
individual deposits reported by the 9.457
banks in 1891 amounted TO S51s3.755.Sl7. g
which 81 1883 3l6,O3J were classed as savings
deposits.
THE INCREASE OF STATE BANKS.
The increase in the number of state
banks prior TO the war IS shown 10 have
been very rapid, the number in 1880 be-
ing 329; in 1870 al: in 1850. 500: in 1860.
1852. The decrease from 1860 was equally
rapid, the number Of State banks in
1863 being 1.O23; In 1864. $40. and I'm 1865.
2i7, while the number Of national banks
organized in 1868, 1864 and 1866 was 1901.
State banks again increased IN numbers
after 1868, the number in 1872, being $50;
In 1885, 915; In ISIS. .403. in 1890. 2l0l.
in 1894 3,5s6, and I'm 1897, the number. in
Guiding private banks. IS reported at
1913. Prior 10 1860 the deposits i'm State
banks amounted 10 but little more than
half the capital stock. while since 1917
deposits have al all times been more than
double the amount of capital stock and
IN 1897 were Si23 $40, 100, against a capital
stock Of SOS Gll,0SS.
MONEY IN CIRCULATION.
The statements regarding the amount OF
money IN circulation I'm the United states
II various periods are equally interesting.
The amount In circulation In $500 rs
given at St09 per capita, I'm 1910. $50; In
1870 $685.. In 1880 $500; I'm 1910. SlO.9l;
S2OJ7; in 1870. Sl7.JO, I'm 1880. Sl941; In
1890. SOS. and IN 1898. S2474 The state
ment regarding gold production and coin
age in the United states and in the
world shows that the mines Of the United
states produced more gold IN thc year 1874
than In any preceding year except those
of the great gold developments of CalifOr-
nia-lsJO-3-'4. The gold production Of
the United States in 1851 is given at ST.
$4,000. while that Of 1852 was SGO00.coO
that of 1853 SGJ.OO0VO. and that of 1854
SGOOOO0o0 Colorado is shown 10 have
taken In 1897 first place in the rank OF
ROld-prOduclng States. her production In
trat year being SO. lO4. 200. against Sil-
6lS3OO by California, while prior 10 that
time California had constantly stood at
the head of the column Of gOld-producing
States.
The coinage OF gold hv the United
States mints i'm 1897 was SGiG3l So. which
is nearly 30 per cent. greater than the
average annual coinage since 1870.
The statements covering the gold pro-
Fiction Of the world are also especially
interesting They show by stated pori-
DDS the amount Of gold produced IN the
world since the discovery of America.
The total value of the gold produced
from 1892 10 1898 estimating 1897 at $40
orO ccOl being 50 023 $4,000 of which
amount tGOGj .O97 GO has been produced
since 1850 the product Of the last half
century thus being double that of the
preceding 80 years.