| Show NATIONS MOBS GOLD AND SIM SILVER I 1 the report of the director of the mint production OF THE METALS average value of silver was cents find and of the silver dollar cents ratio of silver to gold to 1 some remarks on the of silver tha worlds money washington D C nov 21 the director ot of the mint hint has submitted his hl report to tile the secretary ot of the tha treasury the value of tho the gold deposited at tho the mints and assay offices during the fiscal year was of 0 which were original origin cLI deposits deposit andi werft were deposits re the classification ot of the original deposits of 0 gold eold was domestic bullion worn land and mutilated gold cold coins foreign bullion and coin UC 2 gold eold plat platen jewelry etc eta SOi the value of 0 silver deposited during the fiscal year was ot of which were original deposits and deposits re the value of 0 tho the deposit of dome domestico stio silver bullion at the mints during the tatt fiscal year wass was and woin and mutilated do 1 bestle coins fit at silver dollar value foreign bullion land and coin old plate jewelry etc eta the coinage by the mints during that thai year was gold 43 silver dollars subsidiary silver coins minor coins a totals total I 1 age ot of in addition to tho the coinage executed by tho the mints during the year gold bars were manufactured ot of the value of 0 and silver bars ot of the value of 0 1 VALUE OP OF SILVER the average london price ot of abher bullion during the year was 9 pence equivalent to cents the hi highest ghost of 0 allver during the year was waa 63 cents and the lowest price cents at the average price ot of silver bullion bull loii during the fiscal year the ratio of 0 gold to silver was v as 1 to ra and the bullion value of a united states silver dollar was tile tha total earnings of 0 the mints and assay ollices during the year was V i and the total expenditures 1 showing allowing the net earnings froni all sources to have been 96 tho the value of 0 tile gold and silver estimated to have been used in the industrial dusL du rial arts delting the calendar year was approximated at of 0 which was sold gold and as silver the estimated metallic stock in tho the united states on july 1 issa was gold sila er 46 a total oc 0 the estimated product ot of gold and sliver silver in the united states during tile the calendar year was gold cold silver tills fino ounces of 0 the commercial value of 0 4 and the coinage value ot of tile tho estimated production of tho the world for the cahn calendar dar year was gold silver coining value szia 00 commercial alue wo the coinage ot 0 gold and sit saher er by the various countries ot of the world so far ar as the information has been received for the calendar year was gold sliver silver MONEY OF till WORLD in its his hopoi t sir mr preston gives art an estimate of oc the approximate stock or oc trolley money in the principal countries of the thai world ile he places the stock ot of gold at the stock ot of full legal tender sliver silver at il stock of 0 alln limited tend tender r silver at makane a total silver diver stock in the world of 0 the uncovered notes are ara placed at OF 01 SILVER mr preston in a of the tha mone monetary tary legislation of 0 the country status 2 t 11 les that the real demonet aaion of oc 9 silver i lver took place in when tile tha weight of 0 the divisional coins was reduced about 7 per cent this he be gays was not an accident or an oversight it was expressly declared in the 0 f repress n tat ives s that tedi the intention was to make gold tho the sole standard of oc value in the largo large transactions and silver subservient to it for small ones onea the act ot of 1873 he says was only nominal jn in ills his report the director of the mint says that the result of the currency legislation of the united states tor for over a hundred years has been such as to leave tin an incoherent monetary sy system stent a as inconsistent illogical and expensive a as can well be imagined that inspires 11 to confidence at home anti and Is not conducive to our credit abroad and its reform 13 one of the most important and ur urgent gent political and financial questions question of the DIP hour ile he says saya that on january 1 the date of the resumption of oc the specie payments the only currency except coin certificates required to bo 10 redeemed in gold coin was legal tender notes then alien outstanding aich which the then secretary of elie treasury was waa of 0 the opinion that a sold gold re rc of would be sufficient to maintain but the paper currency redeemable dee deer mable on presentation has been increased to the extent of issued in payment of the silver bullion purchased under the act of july 14 1890 besides these there were outstanding 6 november 1 6 in sliver silver and us as the act ot of july 11 1890 declared it to bo be the established hed policy of the united states to maintain elie two metals at P parity arity with ivle each other there was now a total of 2 rostin tr on the basis of the th gold cold reserve of |
