The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-09-20
BUREAU or FINANCE.
Statistics of the Country's Banking. Cur
rency and Coinage.

rency and Coinage.
New York. Sept. ia special to the
Tribune from Washington says: 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
a part of the July summary of com
merce and finance.
An examination of the tables reveals
some interesting facts. The earliest fig
ures are those of 1874, which give ihe
specie at that date at $4,000, 600. The
same statement publishes the specie in
1884 at $40, 0O0, 600. the number Of banks
three. with a capital of 81, 100. 600 and a
circulation Of $1,000, 600. BY 1897 the
number of banks had increased to %.
the capital to $l9. 900, 900, the ban cir
culation to S10,0 GOO, coo and the specie to
$l4. 000. 900. The story of the century
l797-1S97 is told fully in the series Of
tables, both as to banks and their cur
rency and gold and silver production
and coinage. In hat time the number
of banks increased to 9,457, the capital
To 1927. 49,, 653. and the bank circula-
ton to $19S. 290, $40.
The deposits in the first banE of the
United States in 1901. the earliest date
at which reports of bank deposits are
~obtainable. amounted to 81. 500, 900, the
individual deposits reported by the 9,457
banks in 1897 amounted To s., l97. 75j. S07.
OF this 81. 939. 1851 35 were savings depOs-
its. The increase in the number OF state
banks prior to the civil war is shown
to have been rapid. the number i'm 1880
being 329; in 1910. 141; in 1850, 800: in
1860. 1852. The decrease from 1860 was
eqeally rapid. the number of state
banks in 1868 being 1923; in 1864. 349,
and in 1868. 247; while the humble Of
national banks organized in 1863, 1864
and 1865 was 1901. State mi again
increased in numbers after 1868, the
number in 1872 being $50: in 1885, S95; in
1883. 1,403; in 1890. 2.10l; i'm 1894, 1856,
and in 1897 the number, including pri-
vate banks, is reported at 1873. Prior
to 1860 the deposits i'm state banks
amounted to little more than half the
capita stock. while since 1877 deposits
have at all times been more han dou-
BILE the amount of capital stock of S22S,-
677, OSS.
The statements regarding the amount
of money in circulation in the United
States at various periods are equally in
teresting. The amount in circulation in
1900 is given at $4.99 for each person; i'm
1910, $3.50: I'm 1920. $6.92; in 1880, 1858; in
1910. $10.91: i'm 1850. $1,000: i'm 1860. Sl3.S5:
in 1865, $20.57; in 1870. 81. so; in 1880,
sl9.41; i'm 1890. $22.S2, and in 1898. $24.74.
The statement I'm regard to gold pro-
auction ana coinage SHOWS that the
mines of the United States produced
more gold I'm the year 1897 than in any
preceding year except those of the great
gold development of California in 1852,
1853 and 1854. The gold production of
the United States i'm 1897 is given at'S57,-
1863, 600, while that of 1852 was $50, 900, 900,
that Of 1853, $65, 900. 900, and that of 1854.
500, 900, 900. Colorado is in 1897 given the
first place i'm the gold production in the
states, her production i'm that year be-
ing $l9, 1O4 200. against $1I, 6lS, 300 by Cal
%ifornia, while prior to that time Cali
fornia 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 $64. ga. S65.
which is nearly so per cent. larger than
the average annual coinage since 1870.
The statements representing the gold
production of the world show by pc
RODS, the amounts Of gold produced i'm
the world. Since the discovery of Amer
lea the total value of the gold produced
from 1892 to 1898 estimating 1897 at
$240, 900, 000) was 49, 23, 800. 600. OF this
amount 81, 065, 097, 500 has been produced
since 1850, more than double the sum of
the preceding $50 years.