The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1899-12-16

go n o6SAN61ASt
and q greater coinage was executed
during the last fiscal year than in any
previous year. Original deposits of
gold We're slightly less than during the
previous year, amounting to $153,147,-
1914 in the fiscal year ended June 80,
1899. Domestic deposits were the
largest in our history. amounting to
$76,522,4s7, against S6O,ss1,1ao in the
preceding year, but there was u falling
off in foreign coin and bars.
The coinage was the greatest in our
history, amounting to $10s,177,lsO,
against $~64,634,s6 in the preceding
year, and might. have been considera-
bly, larger if the capacity of the mints
had been greater.
The stock of gold bullion on hand
increased from s96,6Ss,5s2 on July 1,
1893, to $119,ss2,T72 on July /. 1890.
The coinage of silver dollars from
bullion purchased under the act of
July IA, 1890, was $1s,254, ToS, against
$40, 002,T $50 in the preceding year, and
the coinage of subsidiary silver, $0,-
ADSSSb asoCs oE > WV S~,So rIH.a.l#
Mints Hard Worked.
The minis have been hard pressed
throughout the year to meet the de-
mands upon them, and they will be
taxed to their utmost until the new
buildings under construction at Phila-
delphia and Denver IRE completed and
equipped. The stock of gold bullion
is accommodating, and with the present
pressure for subsidiary coinage cannot
be reduced. Fortunately the large
cash balance in the treasury permits
at this time an unusual stock of bull
lion without embarrassment, but con-
gress should at the approaching ses-
sion make an appropriation for the
equipment of the new philadelphia
mint.
The report suggests that the charges
for refining silver bullion be so re-
duced as to put the government on
an equal footing with private con
Germs in the business, to such an tx
tent as will bring the moderate
amount of silver bullion they require
for the treatment of gold deposits.
The total amount of silver bullion re-
fined in the United States last year
was in round numbers 81, 900, 900
ounces.
The superintendent of the New York
assay Office, the report says, has called
attentionSfo the fact that although
about $50, 200, 600 in United States coin
was exported last year, no bars We're
taken for export, and suggests that
the export charge of one-tenth of / per
cent, which is extracted, is operating
to IL advantage. There is no OBJ
iect,'.says Director Roberts. 'in fore
ing the public to take our coin out of
the country by making it more eSpen-
sivc to them than bars. We had bet
ter furnish the raw materiaf than the
minted article" 4
The export charge was put on bars
several years ago, when gold exports
were heavy and some means to discour-
age them was sought.
Movement Of Gold aud Silver.
The total gold imports of the year
amounted to ss,97s,ss2 and exports to
S37,55o,7s3.
The total silver imports were SAL
120,57S, commercial value, and silver
exports $3.50, 655,335.
The stock Of bullion in the mints
and assay offices on July /, 1899, was
as follows: Gold, $~11,sS2,772; silver
COST, $s5,575,s9s.
During the year S1,16s,S5 in worn
and uncurrent gold coins were re-
ceived with n loss of S1,543, and $685.
ORG of worn and uncurrent subsidiary
silver was recoined with n loss of $4S5,-
T97.
The seigniorage on the coinage of
silver dollars during the year amount
cd to $5,520,145; on subsidiary silver,
$S6,s3S; IN nickels and pennies, $685.
729. The coinage of all nations, in
GLIDING r~ecoinages, in 1893. was: Gold,
s395,477,9o5 s.ver, s149,2s2,935
The government has now practic-
ally no bullion available for the coin
age OF subsidiary currency. 1t has
bullion purchased for the coinage of
silver dollars, but this cannot be used
without authority from congress. The
needs of the country for fractional
currency are increasing and legislative
authority for new coinage is impera-
lively demanded. The report says that
the stocks Of gold in Europe have in
creased by about SO per cent from De-
cember 81, 1892, to December 81, 1897.
From the latter date to December 81,
1898, the stock shows n diminution. At
HrSt tnOugnt the reduction is likely To
cause surprise, for, with the enormous
| gold production of the year, amounts
ing to S2s7, 900, 900, the stocks of that
metal might be expected to every.
where augment.
When it is considered, however, that
the United States took above $500, ODa.
COO of gold in 1898, that India's net i'm
ports Vfere over $2o,ooo,o 900 and tina
the Industrial consumption of the
world was SOS, Co,Goo, it will be under
stood that no general increase in Eu.
ropean stocks could occur last year
But it still remains to be explained
where the disappearing gold of Eu,
rope went to.
The total reductions shown by the
above is $19O,0o0,OO0, and the Russian
stocks show a reduction of $16s, O0o,-
600. But NJ. Dc White, the Russian
minister of finance, states in his IN.
nual report upon the budget that
during the year 1898 there has been
an increase Of the amount of gold in
the country
Tensions nnd rntcats
Washington. Dec. o-pensions have