The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1898-09-20
BANK FIGURES
Great Growth of Financial InSti-
tutiOns in This. Country for
Century.
The Twenty-Five Banks OF 1877
Increased to Nearly Ten
Thousand,
And tho Canital From ToSc Than
And the Capital From Less Than
Twenty Millions to Nearly
Two Billions.
Increase in Gold and Silver Coin
age Almost as Phenom-
enally Rapid.

New YORK, Sept. 2O.-A special to
The Tribune from Washington says:
The statistics of banking, currency
coinage and the production Of precious
metals in the United States are pre-.
sented in great detail by a series of
tables just issued by the treasury bu.
reau Of statistics, as a part Of the July
summary of commerce and finance.
, An examination of the tables reveals
some interesting facts. The earliest
figures are those Of l774, which give
the specie at that date at 1900, 900.
The same statement puts the specie in
1884 at SO, oO0, 900, the number OF
banks, 3, with a capital of So, 100, 900
and a circulation of 50, OOo, 900. By
1897 the number of banks had in.
creased to rs, the capital TO sl9, 200. 900,
the bank circulation to $40. 900, 900, and
the specie to Sl4, 600. 600. Tue story Of
the century, l19,.lS91, is told fully in
the elaborate series OF tables, both as to
banks and their currency and
gold and silver production and
coinage. Ia that time the number of
banks increased to 9,457, the capital to
Sl,92,, Asa, 653 and the bank circulation
to Sl9S, 92O, 60. The deposits in the
first bank Of the United States in 1909,
the earliest date at which reports Of
bank deposits are obtalnable, amounted
to IS, 500, 900; the individual deposits
reported by the 9,457 banks in 1897
amounted to IS, 1913, 75o, SO7. OF this
$l,95s,5'6,O25 were savings deposits.
Rise and Fall of state Banks.
The increase in the number Of state
banks prior to the Civil War is shown
to have teen rapid, the number in 1880
being 1929; IN 1910, al; in 1850, 500;
IN 1860, 1862. The decrease from 1860
was equally rapid, the number of state
banks in 1868 Icing 1923, in 1864,
349 and 1865, 247; while the number
Of national banks organized in
1868, 1864, and 1865 was 1901.
State banks increased in numbers after
1868, the numb Der in 1872 being sos, in
1855. 975; In 1888, I,403; in 1890, 2, lOl;
N 1894 1856 and in 1897, the number
including private banks is reported at
1878. Prior to 1860, the deposits in
state banks amounted to little more
han half the capital stock, while since
1917, deposits have at all times been
more than double the noun of cap.
ltal stock, and in 1897 were $724, $40, 795,
against a capital stock of $22s, 677, OSS.
Circulation and Gold Production.
The statements regarding the amount
Of money in circulation in the United
States at various periods are equally in.
terestlng. The mount in circulation
in 1900 is given at 81. 80 for each per.
son; in 1910, $3.50; in 1920, S.. 90; in
1880, 5000; in 1910, $40. 81; In 1850.
Sl2O2; in 1860, SI3.65; in 1865, $50. 81;
in 1870, SIT 90; in 1889, $!9.4l; in 1899,
322. 50 and in 1898, $?4. II.
The statement in regard to the gold
production and coinage shows that the
mines of the United States produced
more gold in the year 1897 than in n
preceding year, except those of the
great gold development of California,
IN 1852, 1858 and 1854. The gold pro-
duction OF the United States in 1897 is
gwen at :57, 367 900, while that OF 1852
was $50, 0OO, 900; that of 1868, So, OOO,.
900, and that Of 1884, $50, 600, 900. Col.
orado is shown to have taken in 1895,
first place III the rank of gold produc.
ing states, her production in that year
being $40, 1o4, 200 against s14, 61S, 300 by
California;; while prior to that time,
California had constantly stood at the
head Of the column of gold producing
states.
The coinage of gold by the United
States minis in 1897 was $64, 634, $50,
watch is nearly % per cent greater
than the average annual coinage since
1870.
Tie statements respecting the gold
production Of the world show by
periods the amount OF gold produced
III the world. Since the discovery of
America the total value of the gold
produced from 1892 to 1893 estimating
1897 at S240, 900, OO0) was 81, O23, 1870, 600.
OF this mount S., 065, 097, 900 has been
produced since 1850, more than double
the sum of the precadin1 years