Evening star., 1898-09-19
BANKING AND CURRENCY
Interesting Data Compiled by the Bureau Of
Statistics
Circulation and Deposits From the
and silver Coinage

Inc banking, currency. coinage and pro-
duction OF precious metals in the United
states during the past century are present
ed In great detail by a series of tables lust
issued by the treasury bureau Of statistics
as part of the July Summary of Com
merCe and Finance
These tables, covering more than TOO
pages Of this unusually large volume. pre-
sent Very complete picture Of the growth
or the banking system and of the currency
o"th metallic and paper, and TO this is add
ed Tor comparative purposes brief state
ment OF the banking and currency condi-
nons and gold and silver production in 9TH
er parts OF the world.
Aa examination of these figures covering
the banking and currency history OF the
country brings to the surface some inter
esting facts. The earliest figures are those
or lHi. which give the specie at mat dat,
at S4ocotn tn" The same statement puts IN.
specie In lIS4 at Sln0OpoU the number OF
banks. three with a capital OF s. loo upl
aud circulation of S2opD 600 Rv 1921 the
number Of banks had increased t. twenty
hNe. the capital to $40 200 o,Io the bank cir
culation TO slo,c;nuoO, and the speci. to
s1i .uou 600.
Number of Banks.
the story or the century I7a7-IS,7 IS
told very fully I'm the elaborate series uf
tables both as TO banks ard their currency
and gold and silver production and coinage.
The rumher OF banks in 1925 was twenty
five; in ls17, a,457. The capital in 1876 was
Sl9.2oa.no in 1887. 81 .u27 4li3 653 The hsuk
circulation in iTaI was $lO.OpI.ouJ. in 1887.
slDS 92n,61o. The deposits in the first bank ~
the lnited States in lS1 the earliest date at
which reports of bank deposits are obtain
able, amounted to SS,.,pu.ocO: the Individual
deposits reported by the a.i5I banks In IS9i
amounted to s5.193. I55. So7. of which 81 ay.l-
at6oSa were ciassed as savings deposits.
The Increase In the number Of state banks
farf.a
very rapid, the number In 1880 being 32'
in 1919, 74l In 1889. 500: ia 1880 662 The
decreace from 1860 was equally ranld the
humber OF state banks in lsi3 being .a..'
In 1854. 34h. and in 1888 2+7 while the num-
ber OF national banks orae nized in lS:is
1884 and iseS was 1901. State banks again
increased in numbers after 1875, the num-
ber In ls72 being 5t6 in lSS5 975: in l~Ss
l.auS; in 1880. 21o1: In 1894 3ss6 and In
1877, the number, including private banks
is reported at 3S73 Prior 10 1860 the de-
posts in state banks amounted to but lit
tie more than half the capital stock while
since 1877 deposits have at all times been
more than double the amount OF capital
stock, and in 1897 were s723.6 as. against
a capital stock OF s22S. S.617 ,tr>S.
The Circulation.
The statement regarding the amount Of
money I'm circulation in the United States
at various periods is equally interesting
The amount in cirCulat ton in 1869 IS given
at S4"9 per capita: in 1910. $780, In Is2p,
$3.50; in 1890, S6.69: I'm IS40 SI0g1. in 1850,
S1202; in 1869. sI3 IS: in 1885, S2O5I: I'm
1870 Sl1.50: I'm 1880, Slg Al; in 1880 SD 81
and in lss9S, S24.74
Inc statement regarding gold production
and coinage in the United States and In the
world shows that the mines of the Enitrd
States produced more gold in the year 1927
than in any preceding year, excCp- those
of the great gold Developments of fali-
fornia-1S50-3-4.
The gold production Of the United States
in 1S'. is given at S51 ,365 .,DN' whil,. that of
1872 was 100000 .o0o. that OF 1852. SG5 ut,a 900
and that of 1854. 100000, ,Ooa. Colorado Is
shown to have taken. in 1897 first place IN
the rank of gold-producing states. lsr i.ro-
duction in that year being Sl9 lO4 200
against Sl4.GlS.290 by California; while
ly stood at the head of the column. OF gold
producing states.
Gold Coinage.
The coinage of gold by the United Starcs
mints in 1891 was s64 .634. .s65. which is hear
ly 50 per cent greater thar the average an
nual coinage since 1870.
The statements covering the gold produc-
ton of the world are also especially inter-
esting. They show by stat"d periods the
amount of gold produced i'm tn, world since
the discovery Of America. the total value
OF the gold produced from 1882 TO IS!IS les
timating 1897 at $40, ,0UO. .noOD ID ing 81 tl23-
320,GUO, of which amount SO Gutj, u97 600 has
been produced since 1850, the product OF
the last half century thus being double
that of the preceding $50 years.