Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1899-12-14
WORK OF The MINT.
Coinage Of Gold the Past Year the
Greatest in Our History.
The STOCK OF COIN IN The COUNTRY
The Production Of Gold In All the lmpOr.
tant Gold Fields of the Country In
creasing Rap!dly-An Interesting
Study as to Its Eject.

Washington, Dec. 1l.-.Mr. Roberts,
the director of the mint, in his annual
report says:
The coinage Of gold was the greatest In our
history amounting to $l0s.i77, 49, against H4.-
6i4,S65 In the preceding year, and might have
been considerably larger IL the capacity Of the
minis had been greater The stock of gold bull
lion on hand in reasel from 1868 i,,S! Oh July
l. 1893 to $ll9s,.,772 on July |, 1870.
The coin we Ct siye. dollars from bullion
purchased und'r the act OF July Il, 1870, was
tlS,sS4,oO!, against SO,t0.,7S) In the preceding
year,and the coinage Of subsidiary silver W, i6S,
Sl76' against s6,4s., soi.
The stock Of bullion In the minis and assay
offices on July /, 1899, was as follows: Gold,
Sll9,%aT2; silver Cost, sSS 57S,S.S. During
the year VI i6SSjl In worn and uncurrent gold
coins were received with loss Of si0,M} and
v,hsSL7 OF worn and uncurrent subsidiary sill
yer was recoined with loss Of &i8j, 797 The
government has now practically no bullion
avail able for the coinage Of subsidiary currency.
II has tulion purchased for the coinage OF Sill
yer dollars, but this cannot DO used without
country for fractional currency are increasing
and legislative authority for new coinage Is i'm
peratvely demanded
The most notable change In gold stocks dur
ing the year was In the Uaitei States. The
stock Of coin In the cou. trj including bullion
In the minis on Januarj l. 1873, was cs,imsted
Ut T45,sI9 g. and on January l. i%t ct $Jb,-
nS,i q gain Of OF $40, 0.,Ji. Tie gain up
pears in tn following Items: Stoc't Janua Y |,
1873 &ii!li,lj NJ. im))r.s u Uilte Estates
coin. fSS II ~; coinage during the yedr; ST.
1888; gain in bullion in minis, e,L7 043);
total, fpil,tS4,sp. ted States coins reheted
at minis, sl,Sj0,7ii; taken by paymasters to
Cuba, Porto Rico and Philippines S,,LSsS30;
used manufactures $50 y 0; total, . ,gs8,O7l.
Stock Jaau lry |, 100, - 1878,
OF TIE in,re isel st)si 81 lwa by the above
statement " s,6l2.8 0 appears in the reports OF
national banis and the government; treasury
The holdlngs OF the former must b, taken for ,
December b. 1871, AMI December |, 1893. their
nearest stitemenis to January being on those
dates. They show holdings as below: Treas.
ury, January |, iss SIC 10, IA; national banks,
December H. 1897, tisi,o0S6 gu; total, sjs5,S75..
;st Treasury, January |, 1889, ISL. Ij9.ssl;
national banks December |, 1888, s26S, seS, as;
total. Sl5,0Cs 6B Coin In treasury and national
banks, tiS9. e3!,sl0.
The difference between this and the aggregate
gain estimated for the country, s4O.si9Sej 10
considered to have gone into state and private
banks and general circulation.
The production Of gold In oil the important
gold fields Of the world Is increasing rapidly,
and with prospects Of continued gains for years
to come The yield in the world in the calendar
year 1898 was $3.50, OO0O0l against ssSs, 900 In
1897 The production In Australia to date 10
1899 has shown gain Of y per cent over the
corresponding months in 1893, which indicates 0
probable gain for the full year Of Ola, 1000 900
Tie United States, Canada and Mexico will
Increase their products 3ls,O0000l |
In South Africa the production In the first half
Of the year was IS per cent. above the yield Of |
the same months In 1893 and, Il the industry had
been undsturbed, the gain for the year would
nrobablY have been above tso.0oO.t0o As ell