Monetary Statistics. (Compiled from the Report of the Director of the Mint.) MONETARY SYSTEMS AND APPROXIMATE STOCKS OF MONEY IN THE AGGREGATE AND PER CAPITA IN THE PRINCIPAL COUNTRIES OF THE WORLD JAN. 1, 1904. United States... 82,600,000 $1,448,200,000 $573,200,000 $111,900,000 $685,100,000 $559,900,000 $16.33 $8.30 $6.78 $31.41 Austria-Hungary Belgium British Empire: Australasia.... Canada........ Unit'd K'gd'm India.... South Africa.. Str's Settlem'ts Bulgaria... Cuba.. Denmark. Egypt... 5,800,000 52.500,000 79,700,000 54,700,000 6.27 1.64 1.13 9.04 3.53 15.99 23.80 995,200,000 263,900,000 603,800,000 603,00,000 10.70 4,100,000 .51 .51 Finland 2,500,000 4,400,000 400,000 France.. 29,000,000 926,400,000 400,000 411,100,000 9,100,000 1.57 .14 3.25 4.96 9.84 37.13 Germany 210,200,000 169,800,000 15.7% 3.73 3.01 22.46 Greece Hayti.. 1,500,000 2,500,000 Italy 2.69 5.38 .77 4.53 9.26 Japan 2.03 3.92 Mexico 13,600,000 8,600,00 52.800.000 52,500,000 48,900,000 .63 3.89 Netherlands 51,200,000 6.76 Norway Portugal.... 5,400,000 5,300,000 Roumania.. 6,300,000 10,400,000 Russia.. 128,200,000 Servia. Siam... 10.5% 1.56 .79 6.90 .57 4.29 4.48 South Am. States 41,200,000 85,600,000 3,800,000 13,400,000 13,400,000 1,452,300,000 Spain 9.29 6.69 19.83 Sweden...... Switzerland... 10,700,000 Turkey.. Cent. Am. States 4,100,000 2,000,000 China 330,100,000 5,600,000 350,000,000 125,100,000 3.85 29,300,000 3.89 1.46 5.63 10.98 23,000,000 8.97 3.24 6.97 19.18 40,000,000 2.08 1.67 3.75 5.600,000 53,400,000 .4% 1.36 13.02 14.87 35,000,000 1.06 1.06 Total......... 1,298,500,000 $6,987,100,000 $2,128,300,000 $1,007,100,000 $3,130,400,000 $3,892,500,000 $4.61 $2.41 $2.61 $9.63 NOTE.-The value of the monetary stock of silver-standard countries has been changed to conform to the decline in silver values. The monetary stock of Mexico aud other countries where the Mexican dollar circulates is given in Mexican dollars at bullion value. WORLD'S PRODUCTION OF GOLD AND SILVER FOR THE CALENDAR YEAR, 1906. 3,096,998 2.096,300 Total,(inc.o'rs) 19,361,864 8400 245,300 165,640,640 $112,120,509 1 BULLION VALUE OF 371% GRAINS OF PURE SILVER AT THE ANNUAL AVERAGE PRICE OF SILVER. SOURCES OF GOLD AND SILVER PRODUCT OF THE UNITED STATES, The following table, compiled from reports made by the United States Geological Survey as to the sources of production for the calendar year 1904, shows the distribution among the various gold and silver producing States and Territories of the amount of gold and silver extracted from quartz, the amount of gold obtained from placer, and the amount of silver obtained from lead ores and copper ores as by-product. 25.243 1,271.486) 511,30 10,197,859 Wyoming. 248 929 250 38.120 579 7,178 136 275,860 41,273 1,297 305,112 61.8821 121,133 Total... 2,374,640] 1,328,380 16,963,857) 17,709,048/22,696,548 RATIO OF SOURCES OF SILVER PRODUCT OF THE UNITED STATES. APPROXIMATE DISTRIBUTION BY PRODUCING STATES AND TERRITORIES OF THE PRODUCT OF GOLD AND SILVER IN THE UNITED STATES FOR THE CALENDAR YEAR 1906. MONETARY STATISTICS-Continued. PRODUCT OF GOLD AND SILVER FROM MINES IN THE UNITED STATES, 1866-1906, Total product from 1792 to 1905 inclusive: Gold, fine ounces, 134, 698,526; 1,620,512,355, commercial value, $1,436,117,797. The estimate prior to 1873 was by value, $2,784.418,500, Silver, fine ounces, Rossiter W. Raymond. PRODUCTION OF THE PRECIOUS METALS SINCE THE DISCOVERY OF AMERICA, $54,703,000 10.75 1892 297,226,000 11.30 597,244,000 11, 80 1801-1640... 223,572,000 678,800,000 14.00 1641-1680... 239,655,000 584,691,000 15. CO 1896. 202,251,600 203,069,200 30.66 1681-1720.. 313,491,000 579,869,000 15. 21 207,413,000 84.28 WORLD'S CONSUMPTION OF GOLD AND SILVER IN THE ARTS (Latest Report) 1905. Denominations $10,000,85,000.$1,000, $100, $50, $20, $10, $1,000, $500,8100, 850, $1,000, $100, $50, $1,000, $500, $100, 850, Exchangeable.. For subsidiary and For silver and minor coin. For subsidiary and For silver and minor minor coin. minor coin. coin. Redeemable... In gold coin at the In silver dollars at In gold at the Treas-In gold at the Trens For all public dues ex- For subsidiary silver "Lawful money" includes gold coin, silver dollars, United States notes, and Treasury notes. United States notes are by regulation receivable for customs so long as they continue redeemable in coin. There are still in use small amounts of $1 and $2 United States and national bank notes; also $500 and $1,000 silver certificates. Treasury notes were issued for purchases of silver bullion, which was coined into dollars wherewith the notes are being redeemed as rapidly as pract cable. The issue of national bank notes is practically dependent upon the market price of United States bonds; when the premium is high it is not profitable to issue notes. The above table was prepared for THE WORLD ALMANAC by Maurice L. Muhleman, former Deputy Assistant United States Treasurer, New York. COINAGE OF THE MINTS OF THE UNITED STATES FROM THEIR ORGANIZATION, 1792, TO DECEMBER 31, 1906. Silver-dollar coinage under acts of April 2, 1792, $8,031,238; February 28, 1878, $378,168,793; July 14, 1890, $36,087,2857 June 12, 1898, $42,139,812, June 13, 1898, $108,800,188; March 3, 1891, $5,078,472; total, $579,085,260, The Potentiality of the United States. President James W. Van Cleve, of the National Association of Manufacturers, makes the following estimate of the productive power of the United States, compared with that of the entire world: An estimate of the wealth of the United States in 1907 is given on another page as $116,000,000,000, A Census Office report issued in 1907 presented the following classification of the forms in which the national wealth is divided, with their valuations. The calculations were for the year 1904: 2,500,000,000 Clothing and personal adornments.. Furniture, carriages and kindred property. The Lake Mohonk Conference. ON THE INDIANS AND OTHER DEPENDENT PEOPLES. 5,750,000,000 The twenty-fifth annual session of the Lake Mohonk Conference, at Lake Mohonk, N. Y., held in 1907, adopted the following platform in reference to the Porto Ricans, Hawaiians, and Filipinos: 1. We urge that our Government shall steadfastly adhere to the principle that a moral responsibilty, which we cannot neglect, and which is higher than all commercial considerations, requires us to legislate and to administer so as to promote the highest welfare of the people of these islands. 2. We urge that Congress shall without delay legislate so as to effect a radical reduction of the duties now collected on products of the Philippine Islands. 3. We advise that the greatest educational emphasis be put upon the primary schools and the preparation of teachers therefor, and that such instruction shall have special reference to industrial training. The utmost effort should be made to secure the enrolment and attendance of all children. We maintain that it is the duty of Congress to provide adequately for such education, even if the necessary money were to come from direct appropriation. 4. Education in the duties of citizenship is an essential element in social and political progress. So fast as the Filipinos demonstrate their political capacity, powers of selfgovernment should be granted and enlarged. 5. We recommend Congressional enactment to enable a large number of persons in the Philippine Islands to be naturalized as citizens of said islands. We believe that provision should be made by Congress whereby educated and duly qualified Porto Ricans may become citizens of the United States. 6. We urge upon Congress immediate legislation to protect the inhabitants of our insular possessions against the great evils of the opium traffic and the opium habit, which already threaten them. 7. We recommend that the application of the coastwise shipping act be permanently suspended with reference to the Philippines, and that Congress give serious attention to legislation necessary to relieve Hawaii from the disadvantages which this law imposes, and encourage the industrial development of Porto Rico. 8. With clear recognition of the ability shown in the administration of affairs in the Philippines, and the conviction that we have a body of competent men trained in colonial administration, it still seems to us that the Bureau of Insular Affairs, whose functions are essentially civil, should be ultimately committed to some other department than the Department of War, |
