
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1887 Excerpt:...and on Nov. 1, 1886, to which is prefixed the amount on Aug. 31, 1865, when the public debt reached its maximum. 000 omitted. Includes $296,069 notes of gold banks and $220,599 mutilated currency in transit. Paper-Monet In The United States. The following table shows, by denominations, the amount of national bank and legal tender notes outstanding on Nov. 1, 1886, and the aggregate amounts of both kinds of notes at the same period in 1884 and 1885: If the amounts of gold and silver coin and of currency in the treasury and the banks be deducted from the aggregate amount in the country, the remainder will be, approximately, the amounts in the hands of the people, as follows:--Gold And Silver Production. The discovery of America considerably increased the quantity of gold, and immensely increased the quantity of silver in existence. The discovery of the Russian gold mines made that country at a later date the chief gold-producing nation; but this position was taken from her on the discovery of the California and Australia mines. The production of the precious metal8 from the earliest times to the close of 1886 is estimated at $26,883,000,000, of which $14,852,000,000 is put down to gold and $12,031,000,000 to silver. Allowing for loss, the present amount is placed at $13,974,000,000,--$8,352,000.000 gold and $5,622,000,000 silver. Of this, $11,000,000,000 represents coin and bullion, and the remainder watches, plate, jewelry, and ornamental work. Of the amount now in existence, $10,621,000,000 are estimated to have been obtained from America, $1,618,000,000 from Asia (including Australia, New Zealand, and Oceanica), $1,089,000,000 from Europe, and $646,000,000 from Africa. In 1885, the product of the world was $226,530,000,--gold $101,526,000, silver $124,968,...
Page Count:
38
Publication Date:
2012-01-01
ISBN-10:
1130352390
ISBN-13:
9781130352399
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