The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1898-09-23
BANKS AND HONEY.
ThsIF Growth for over a Century TabaIatcd
Prom Three Banks In 1854 we Nov
Have Almost Tea Thuusaud


Washington, Sept 90.-The statistics
Of banking, currency. coinage and the
production Of precious metals in the
United States are presented in great
detail by a series Of tables Just issued
By the treasury bureau OF statistics as
q part Of the July summary OF com
merce and finance an examination
Of the table reveals some interesting
facts:
The earliest figures are those OF I77s. which
give the specie At that date AZ sA0oa.ooo The
same statement puts the specie in 1784 at so.
ooo, 00o the number Of banks three, with cap
ital o. p 10000 and circulation q s. 900 Ooo
By 1877 the numbered banks had increased %
IS the capital 20 si9.2]0 003 the bank clrcula-
tto1 20 SO O00, 900 and the specie 70 $4,000 90
The story Of the century I797-lS3T IS
told fully IN the elaborate series Of tables
both as to banks and their currency, and
gold and silver production and coinage IN
that time the number Of banks increased TO g.
81. the capital 20 1877. 453 $50 and the bank
circulation 70 ste5, 920, 57l The deposits in the
first bank OF the United States in 1903. the
earliest date at which reports OF bank deposits
were Obtainable, amounted 20 ss50Goo0; the
individual deposits reported by the 9, 81 banks
in 1897 amounted TO s5,193 20 ST. Or this ell
s39. go. 035 were savings deposits
The Increase in the number OF state banks
prior 70 the civil war IS shown % have been
In 1850, SO; In 1850, ]. So The decrease from
1850 was equally rapid the number OF state
banks in 1853 being Los; in 1861. $40, and in
1866. 2f7, while the number Of national banks
organized IN 1888 1854 and 1865 was 1,6JL
State banks again increased IN num-
bers after 1858 the number in 1872
being 556. IN 1885 go; In 1855. LOS;
In 1890 ? 10i; in 1894 ASS. and in 1897 the num-
Der including private banks. is reported at s.,
SO Prior 70 1850 the deposits IN state banks
amounted 70 little more than half the capital
times bBeH mor6 than double the amount Of
capital stock, and IN 1897 we're ETz3, 6i0, 7P5,
against a capital stock Of s2z3 Ca, 90
The statements regarding the amount q
money in circulation in the United States ct
various periods are equally interesting The
amount In circulation In 1S0J IS given at SA99
for each person. In 1870 49,; in 1872. s695; in
1880 S669 in 1870 sI09i: IN 1850. slZo2. In 1850,
g13S5; IN 1865, s2l57. in IsT9. s1L50; in 1850
si94i; in 1922 50 s. and in 1888 f247i
The statement in regard 20 gold production
and cottage shows that the mines OF the Unit
ed States produced more gold in 1877 than in
any preceding year except those Of the great
gold Development OF California IN 1859. 1883 and
1854 The gold production Of the United States
in 1897 is given at 81, SIS. 600, while that
Of 1852 was s6l,05OO00s that o. 1S53
S65 600 900, and that Of 1874 SOC, Cox, 900
Colorado is shown TO have taken in
1897 first place in the rank Of gold production
states. its production in that year being Sls.-
i04 90. against EI48ls.s 500 by California; chile
prior to that time California had constantly
stood az the head OF the column Of gold pro-
ducfag states The coinage OF gold by TIE
United States mints IN 1897 was SEA f3L SIS,
which IS nearly 80 per cent greater than the
average annual coinage since 1S7l