Presidents -- United States -- Messages; United States -- Politics and government -- Sources
The total stock of metallic money in the United States at the close of
the last fiscal year, ended on the 30th day of June, 1896, was
$1,228,326,035, of which $599,597,964 was in gold and $628,728,071 in
silver.
On the 1st day of November, 1896, the total stock of money of all kinds
in the country was $2,285,410,590, and the amount in circulation, not
including that in the Treasury holdings, was $1,627,055,641, being
$22.63 per capita upon an estimated population of 71,902,000.
The production of the precious metals in the United States during the
calendar year 1895 is estimated to have been 2,254,760 fine ounces of
gold, of the value of $46,610,000, and 55,727,000 fine ounces of
silver, of the commercial value of $36,445,000 and the coinage value of
$72,051,000. The estimated production of these metals throughout the
world during the same period was 9,688,821 fine ounces of gold,
amounting to $200,285,700 in value, and 169,189,249 fine ounces of
silver, of the commercial value of $110,654,000 and of the coinage
value of $218,738,100 according to our ratio.
The coinage of these metals in the various countries of the world
during the same calendar year amounted to $232,701,438 in gold and
$121,996,219 in silver.
The total coinage at the mints of the United States during the fiscal
year ended June 30, 1896, amounted to $71,188,468.52, of which
$58,878,490 was in gold coins and $12,309,978.52 in standard silver
dollars, subsidiary coins, and minor coins
The number of national banks organized from the time the law
authorizing their creation was passed up to October 31, 1896, was
5,051, and of this number 3,679 were at the date last mentioned in
active operation, having authorized capital stock of $650,014,895, held
by 288,902 shareholders, and circulating notes amounting to
$211,412,620.
The total outstanding circulating notes of all national banks on the
31st day of October, 1896, amounted to $234,553,807, including
unredeemed but fully secured notes of banks insolvent and in process of
liquidation. The increase in national-bank circulation during the year
ending on that day was $21,099,429. On October 6, 1896, when the
condition of national banks was last reported, the total resources of
the 3,679 active institutions were $3,263,685,313.83, which included
$1,893,268,839.31 in loans and discounts and $362,165,733.85 in money
of all kinds on hand. Of their liabilities $1,597,891,058.03 was due to
individual depositors and $209,944,019 consisted of outstanding
circulating notes.
Public-domain text, read in full here on John Shaqi.
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