The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-09-19
TWICE AS MUCH GOLD
Produced in Last so Years as in $50
Years Before.

New York, Sept. ia special to the
/ Tribune from Washington says: The
statistics of banking, currency, coinage
J and the production of precious metals
I in the United States are presented in
great detail by a series of ables Just
issued by the treasury bureau of sta
tistics as a part of the July summary
OF commerce and finance An examina-
ton of the tables reveals some interest,"
ing facts. The earliest figures are those
Of 1774 which give the specie at that
date at $4,000,000. The same statement
puts the specie in 1884 at $40 0OO, 600 the
number of banks three, with capital
of 81, 100, 600 and a circulation of 81 OOO :
900. By 1897 the number of banks had
increased to 25, the capital to S19. 200 600
the bank circulation to SO, 600 900 and
the specie to $14 600 900.
The story of the century 1897 1897 is
told fully in the elaborate series of
tables, both as to banks and their cur
rency and gold and silver production
and coinage. In that time the number
of banks increased to 9,457, the capital
to 1897 ,493, 653 and the bank circula-
ton to 1888 920,670. 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 IS, 500 600; the Individual deposits re-
ported by the 9457 banks in 1897
amounted to So 1913, 755, S07. OF this ST.
1885, OBS were savings deposits.
The increase in the number of state
banks prior to the civil war is shown
to have been rapid, the number in 1880
being 1928; in 1910, IA; in 1850 500; in
1860, 1852. The decrease from 1860 was
equally rapid, the number of state
banks in 1853 being 1,O23; in 1864, 349,
and in 1868, 247, while the number of
national banks organized in 1858, 1864,
and 1865 was 1901. State banks again
increased in numbers after 1868, the
number in 1872 being 566: in 1885, 975;
in 1888, 1,403; in $780, 2,101; in 1894, 1856,
and in 1897 the number including priv
ate banks is reported at 1873. Prior to
1860 the deposits in state banks amount
ed to little 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 $40, 1876 against a capital stock
of $22S ST., 0SS.
The statements regarding the amount
of money in circulation in the United
States at various periods are equally
interesting. The amount in circulation
in 1900 is given at 81. SO for each person;
in 1870 $3.50; in 1920, 1896; in 1880, $3.50;
in 1910, $10.91; in 1850, $1202; in 1860
$13S5 in 1865, $20.57; in 1870, $3.50; IN
1880, $19.41; in $780, $22.82, and in 1898,
$2474.
The statement in regard to gold pro-
ductiOn and coinage shows that the
mines of the United States produced
more gold in 1897 than in any preceding
year except those of the great gold de-
velopment of California in 1852, 1858 and
1854. The gold production of the United
States in 1897 is given at $57,363.OOO
while that of 1852 was $50, 900, 600, that
of 1858 $65. 600 900 and that of 1854 $780,
900 900. Colorado is shown to have
taken in 1897 first place in the rank OF
gold production states, its production
in that year being $19,104200 against
s14, SIS, 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 mint in 1897 was $64, 634. S65, which
is nearly so per cent greater than the
average annual coinage since 1870.
The statements respecting the gold
production of the world show by per
iods the amount of gold produced in the
world. Since the discovery of America
the total value of the gold produced
from 1892 to 1898 estimating 1897 at
S24O, OOO. OOO) was SO O24 500, 800. OF this
amount ST, O65, 097. 500 has been produced
since 1850 more than double the sum OF
the preceding $50 years