New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-19
BANKING AND CURRENCY.
STATISTICS SHOWING THE GROWTH OF
WEALTH IN THIS COUNTRY.

INTERESTING FACTS REGARDING GOLD PRopuc-
TIoN AND coINAGE-MoNEY CIRCULATION.
my TELEGRAPH TO THE TRrBuNE.l
Washington Sept 1S-The statistics OF bank
ing currency. coinage and the production OF
precious metals in the United States are pre-
scented In great detail by series of tables just
issued by the Treasury Bureau Of Statistics as
a. part of the July summary Of commerce ana
finance.
An examination OF the tables reveals some IN
teresting facts. The earliest hgures are 'hose
OF 1774. which give the specie at that date a'
S4OOOOOO The same statement puts tine specie
in 1884 at SiOOOOOOO. the number OF banks
three. with a capital of S2.1OO,0Oo and circu-
Iation Of S2OOOOOO. BY 1871 the number or
banks had increased to twenty-five. the capital
70 $40 100000 the bank circulation to slo'-
900 and the specie to S14ooOno The story
of the century 1191-1S9I is told fully IN 'he
elaborate series of tables. both as to banks ana
their currency. and gold and silver production
and coinage. In that time the number OF banks
increased to 9.457. the capital to Sl.927 1885,
and the bank circulation to SloS.92o'bio Inc
deposits in the first bank Of the United States
IN 1900 the earliest date at which reports of
bank deposits are obtanable. amounted to
SIS 800 600; the individual deposits reported by
the Q Az banks in 1897 amounted TO 50 l93' oo-
S07. or this S1,939.376,O3j were savings de-
posits.
INCREASE IN STATE BANKS.
Tho ,ncreasa IN the number OF state banks
prior TO the Civil War is shown to have been
rapid. the number In 1890 being 800: in 1910.
741. IN 1850. 500: In 1860. 90 The decrease
from 1860 was equally rapid. the number of
In, be 1
and In 1865. 247, while the number of National
banks organized in 1868. 1864 and 1860 was
16Ol State banks again increased In numbers
after 1865 the number in 1872 being 5OO; In
1857. 975: In 1855 ,403 in 1890. 2.lOl; In 1874,
1856 and in 1897 the number. including private
banks is reported Mt 1878 Prior to 1850 the
deposits in State banks amounted to little more
than half the capital stock. while since 1871
deposits have at all times been more than double
the amount OF capital stock. and In 1917 were
S123. $40 795 against capital stock OF S2@o'-
GROSS
The statements regarding the amount or
money in circulation In the United States at
various periods are equally interesting. Inc
amount IN circulation in 1900 is given nj 81 ~
for each person: In 1910 s. co. In $50. $500; IN
1880. SO 90; in 1870 SO 81; in 1850. ST. o. In
1850. s1s So: In 1865. $50 81: in 1870 81 30; in
1880, $40 Al In 1SNO W. ~, ana III 1000 "-' ~
GOLD PRODUCTION AND COINAGE.
The statement in regard TO gold production
and coinage shows that the mines OF the Uni'ed
States produced more gold in tn year lN"' than
fin any preceding year except those OF the great
aold DEVELOPMENT Of California In no. lN''3
and 1854 The gold production OF the United
States In 1897 Is given at so $4,000. while that
Of 1859 was $50. 900 900. that OF 1893. S65"nUp
md that Of 1854 SGOOO00OO Colorado Is shown
10 hav. taken In 1891 first place In the RANK
OF gold producing States. her production IN that
year being l91O42oo. against Sl46ls"o 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 mInts
IN 1897 was SG4 G3i. sGJ. which is nearly 20 per
cent greater than tho average annual coinage
since 1870.
The statements respecting the gold prVuuc-
ton OF the world show by periods tho amount
OF gold produced IN the world. Since the dis
/ coyery OF America the total value OF the gold
| produccd from 1892 TO 1893 estimating 1871 NJ
s24ooO 900. was 80 023 320Go0 OF this
amount So O65 09I 600 has been produced since
/ 1870 more than double the sum OF the proceed
/ ing 800 years.