The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-08
Cash ON 9AE CONTINENT
Official Figures Stating the Amount
Of Wealth in America.
A Financial showing Made by the
Bureau of statistIcs-An Increase
of Nearly Five Hundred and sew
enty-nve Millions In the United
States Treasury since July 1, 1876.

cone can gain clear idea OF the wealth
and progress OF this country. its financial
condition, and the prosperity of its peo-
pie said Mr.. Vanderbilt, the Assistant
Secretary OF the Treasury. yesterday to
a reporter, by glaHcing at the 'Statis-
teal Abstract which has recently been
issued by Chief Austin, OF the Bureau Ct
Statistics. This abstract is an indisput
| able argument against all assertions to
the contrary, and an object lesson to the
many fault-findeTs and calamity howlers"
| According to this abstract the
amount of money in the United States
Treasury on July 1, 1879, was $3.50, 05s, 1898,
whereas 1t amounted to the sum of 1884,
ooi,S4O on July 1, 1899; certificates in
Treasury, 1879, sS.6S6S5O; 1899. $3.50, 1877;
amount Of money in circulation. 1879. s77s.-
$50, 1913; 1899. s1.i49 0o4 ,s45; certificates in
circulation, 1879. s45.o4e 300; 1899. $685.
o61,5S6; amount in circulation per capita,
1879, sl6.75; in 1899. SIS; population in
1879. 4s,s66.OOO 1899, 1901, 900.
The percentage of gold production by
weight in the period 1S76-1SS0 was as high
as Sc and that OF silver 93.4. while the
same in the year 1898 was rs and s22,
respectively, The coming value of the gold
produced from mines in 1879 was s3S. 900.-
600; of silver, SAC, 500, 600. while in 1898
it amounted to s64. 1853. 900 and $40, 1884, ass,
respectively. The total coinage of the
United States in 1879 was valued at $685.
S14.O59. while the same in 1898 amounted
n 1f
sS5, l57 was in gold, while So, 034, 05SS "a was
in silver and S1,l2i 1874 in minor coin.
The average price of silver In London per
ounce in 1879 was "a IA pence, while in
the year 1899 it had fallen off to % 7-ls
pence. The commercial ratio of silver to
gold in 1879 was 1899. while in 1899 the
! same was 34S6. The bullion value OF
81 IA grains OF pure silver at the annual
average price of silver in the year 1879
was S0.S6S29, and in 1899 amounted to
So $500.
There were 1904 national banks doing
business in the United States on February
IL, last. while iD October. 1855, their num-
Der was $40. Their total resources in
1860 amounted TO the sum of s4674gl0-
1900; in 1855, ISIS. 7cO COO capital stock
paid in; 1900, s61S, 0S4 4e5; 1883, $50. $780,
600; surplus fund, 1860, s252, 1858, Oss 81;
1883, s1s5,5C0.0O0; undivided profits, less
SO b.
1888, s17. 600; national bank notes out
standing, 1900. s204, 81, 54s; 1888. $751;
100000; State bank notes outstanding.
1900, s53,O9s.50; due to other national
banks, 1900. 1886 S97 249 80: due to banks
1888, 1915, 500. goo; due to State banks and
bankers, 1900, s31S, SIS. 604 So; due to de-
positors, 1888. 81 ,409, 0OO, 000 dividends
unpaid, 1900, s1.261. 321; individual de-
posits. 1900, s24s7S47 .035.e2; United
fota -ot
posits OF United States disbursing Officers,
1900 o,4o4, S22.l6; notes and bills redis-
counted. 1900, 1885, 1921; bills payable,
1900, $780, 95.17; liabilities other than
those above mentioned, 1900. s33, 374, 70f24;
1883. S23,900,000; making a grand total OF
liabilities in 1900, OF s4674,s1O. 1890;
1888. S2.S15, 100000 The total amount Of
coin and coin certificates held by the ma
tional banks on September 30. 1889 was
sl64, 326, 44S.04. while on September Z.
1899, the amount was $685., 571 ,3S3.s3.
The ratio of dividends to capital on Sep
TENDER l, 1873. amounted to 3.S6 per cent,
while on September l, 1899 the same was
5.S5 per cent
The ratio of dividends to capital and
surplus on September 1. 1879. was 3.05 pei.
cent. being 2.73 per cent in 1899 The
ratio of earnings to capital and surplus
in 1879 was 2.96 per cent the same
amounting TO 3.51 per cent in 1899. The
loans of national banks in 1879 amounted
to SS7S. 000. COO whereas in 1899 they
reached the sum of 81 1876 900. 900: capital.
1879, s454. coo 900: 1899, $605 0OO. 600; sur
plus, 1879. s114 1000. 600: 1899. s24S, O0O. 600;
net deposits, 1879, s167 .0GO 600 1899,
SS.O3l 900 600; specie. 1879. s42. GOO Geo;
1899. 1895, 000. Gee, issai tender notes and
United States certificates 1879, 500 coo eco;
1899, Si2l COO, 600; ratio Of loans 10 capital
surplus and net deposits. 1879 65.1 per
cent; 1899. 643 per cent: ratio of cash to
net deposits. 1879. is per cent; 1899. 154
per cent
In the fiscal year 1889 the number
of savings banks depositors in the East
Ell States was 2.402 631. with aggregate
savings deposits amounting to SS49. 500
4S2; the average due each dep0sitor
amounted to s372.S1: the Middle States. Ii
the same period counted 2.571, 4S3 de-
positors. with deposits amounting to
81, OPS. 746, 964. averaging s39S SO 10 each
deposition: the Southern States counted
43.O6S depositors. aggregating deposits to
the sum OF sS,13.sS4. giving each de-
positor an average amount OF s202.32: the
Western States. with 455 sos deposito=s
aggregated savings deposits TO the amount
OF s153 $50 $40. averaging TO each de-
positor the sum of s337.41 the number OF
depositors in the Pacific States and Terri
tories was 2l5. 125; their deposits amount
ed to sl47 $50. 1875, making an average de-
posit of s6S6.51. The total number of de-
positors in the United States in the fiscal
year 1889 was 5.6s7.SlS; the total
amount of their deposits was 2236, $780,,
954, averaging to each depositor the sum
Of $780,. 10.
Gold coin and bullion was Imported in
1879 to the value of s.. 624 94S the same
reaching in the year 1899 the sum of $751;
954, SOB; exported in 1879 s4.5s7614; 1892
S37. 522, 0S6 Silver was imported in 1873
valued at SI4 GIL 52: 1899. s30. 675. 6j6: ex-
ported in 1873 500, 400, s27; 1899 IS, 319 055.
BUCKETsHoP DEALINGS.