The daily morning journal and courier., 1899-12-11
GREAT COINAGE OF MONEY
LARGEST IN THE AGGREG ATE FOR
 ANT PREVIOUS. FEAR.
The Coinage of Gold the Greatest in tho Country's History Amounting to of Mint sug- gests Reduction of Charges for Re- lining Silver-WorId's Gold Produce

lining silver-worId,s Gold Produc-
 ton.
 Washington, Dec. 10.--Mr. Roberts.
 the director of the mint, in his annual
 report says: The hints and assay of- nces operated upon more bullion in the i aggregate and a greater coinage was
 executed during the ast fiscal year than in any previous year. Original
 deposits of gold were slightly less than
 during the previous year, amounting in
 value to $143, ,497, ,190, against $147 7,6S3,194
 in the fiscal year ended June 30, 1898.
 Domestic deposits were the largest in
 our history, amounting to $76,252, 4s7,
 against s69,SS1, ,12O in the preceding year,
 but there was falling off in foreign
 coin and bars.
 The coinage of gold was the greatest in our history, amounting to $10S, ,177, ,180, against $64,634.S65 in the preceding year, and might have been considerably larg- CT if the capacity of the hints had been
 greater. The stock of gold bullion on hand increased from s96, ,6S8 582 on July l, 1898, to $119,SS2,772 on July 1, 1899. The coinage of silver dollars from bull lion purchased under the act of July IA, 1890, was $1S2b4, 709, against $10,002. .7S0 in the preceding year, and the coinage. of subsidiary silver was $8,466,877. .65, against $64S2,So4.
 The report suggests that the charges for refining silver bullion be so reduced as to put the government on an equal footing with private concerns in the business, or to such an extent as will bring the moderate amount of silver bullion they require for the treatment of gold deposits. The total amount of silver bullion refined in the United States last year was in round numbers 94,000,0O0 ounces.
 The total gold imports of the year amounted to s$SS,S7S, ,SS2 and exports to $37 7,55O,7S3. The total silver irnp0rtas were $31, 120,57S, commercial value, and silver exports $5.,655, 1885.
 The stock of bullion in the mifits and v assay offices on July l. 1899, was as fol- lows: Gold, $119,SS2,772; silver, (cost), $88, ,5S7 ,98S..
 The seigniorage on the coinage of silver dollars during the year amount ed to $5,520,145; on subsidiary silver. $86, ,8SS on nickels and pennies, $608,- 729.
 tlS CO4ld6C Ol dll AdtiOA6 4AAOl0uAAA6 recoinages in 1898 was: Gold, $895, ,477,- 905; silver, $14s,2S2,sS5.
 The total reduction shown by the above table is $lso.o0o, 900 and the Russ sian stock shows a reduction of $168.- 100000.
 The Bank of England and Imperial Bank of Germany both show a loss of, gold during the year, but the record of the exports and imports of Great Britain and Germany show that each of those countries received about $50,- 900, 900 more gold than it parted with.
 It is of special interest that the stock of uncovered bank notes in Germany was $24,O00,0OO more on December S1, ;, 1898, than on December S1 1897, and was !. s36 000, 900 greater in France.
 The Austro- Hungarian bank had $17,- 100000 more of uncovered paper out at the end of the year than at the begin- Z ming. The three countries had out about $7S,000,000 more uncovered bank notes than the year before, fact which doubtless contributed much to the ease in the financial situation.
 The most notable change in gold stocks during the year was in the Unit ed States. The stock of coin in the including bullion in the hints on January 1, 1898, was estimated at S745, 1858, and on January 1, 1899, at s945, 79S,7SS, a gain of $200,552, ,S35. The production gold in the world in he calendar year 1898 was S3S7, ,000, ,0O0, against $33S, 900 in 1897. The United States, Canada and Mexico will doubt ess increase their product in 1899 $1S,- JOG. 600.
 It is not improbable that when oper- ations are fully resumed in South Af- 'ica, the worlds output will quickly oasa $40O,0O0,0OO per annum. The worlds stock of coin is now being in- creased more rapidly and by a higher lnnual percentage to the existing stock han during the period from 1850 to S66. The effect of this new flood of standard money upon the markets, the industries, the earnings of those who york for wages, and all of the varied citations of the people in our present highly organized society, will be most study It will inevitably ,e 8 potent factor of affairs.