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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.

[blocks in formation]

1.13

.14

United States....
Austria-Hungary
Belgium
British Empire:

Australasia ....
Canada.......
Unit'd K'gd'm
India ....
South Africa..

Str's Settleni'ts
Bulgaria...
Cuba...
Denmark.
Egypt...
Finland
France..
Germany
Greece
Harti..
Italy
Japan
Mexico
Netherlands
Norway
Portugal..
Rouniania.
Russia..
Servia.....
Siam..
South Am. Sta
Spain
Sweden.....
Switzerland..
Turkey.
Cent. Am. States
China

37,600,000 $1,318,200,000
48,600,000 305,000,000

7,000,000 30,000,000
5,700,000 128,600,000
5,800,000 52.506,1440)
43,500,000 633,200.000
995,200,000 263,400,000

7,10), 0+) 56,01),000
5,300,000
3,700,000 1.900.000
1,500,000 20,000,000
2,611,00 17,400.000
9,800,000 $7,000,000
2,00.000 4,400,000
29,000,000 926,411,000
56,401 886,704,0001

2,400.4:00 6,600,000!
1,3011,000 1,000,000
33,200,1***

131.41.000 49,800.000 52.800,000 13,500.00 .610.0141 3,400,000 36,500,000 :.300.000 6,600,000 5,40,41)

5,300,000 6,01,00 19,400,000 198,9,101,670

783,700,000 2,600,000 3,30,000

5,900.000 1,000,000 41,200,00) 83,613,000 18,7110.100 72,100,000 5,200,000 20,200.00 3,300,000 99.600.000 24,000,000 50.000,000

4,100,000 2,000,000 330,100,000

$573,200.000 8111,900,000 $685,100,000 $559,900,000 $16.33 $8.30 $6.18 $31.41 79,700,000 79,700,000 54,700.000 6.27

1.64

9.04 16,000,000 9,700,000 24,700,000 111,900,000

4.98 3.63 15.99 23.80 6,100,000 6,100,000

92.56 1.00

93.63 6,700,000 6,700,000 65,100.00 9.05 1.16 11.99 21.43

113,400,000 113,411,000 118,100,000 12.96 2.61 2.71 17.38 603,800,000 603,400.000 32,411,000

.89 2.06 .11 8.05 90,000,000 20.000.000

7.89
2.81

10.70
16.000.000
3,2+1, 19,20 20.000.000

3.69 3.77 7.89 900,000 1.000.000 1,900,000 4,100,000

.51 .61 1.11 9.13 6,000,000 5,000.00

19.50 3.12

15.62 6.211,0 6,200,000 10,700,004 6.69 2.39 4.11 13.19 15,000,000 15,000,140

8.87 1.53

10.40 400,00 9,100,000 1.57

3.25 4.96 347,400,000 63,710,000 411,100,400 110,900,000 23.75 10.54 9.84 37.13 37,100,0 173,100,000 910,700.000 169,800.000 15.79 3.72 3.01 99.36 100,00

100.00 16,200.00 9.33 .04 6.96 9.12 1,00-1,000 1.0),000 9.500.000 3,500,000

1.92 2.69 5.38 11,500,000 14,100,000 25,600,000 150,700,00 3.96 .77 4.53 9.26 41,371,00 41,30,104 101,200,000

1.06 .83 9.03 2.92 52.8.0.00 59,500,000 48,000,000

3.89 3.59

8.11 52,800,000 4,000,000 56,811,00 51,200.00 6.76 10.5:

9.48 96.76 3,010.HU 3,000,000 6,200,000 9.96 1.3.

2.69

6.95 8,400,000 8,400,000 61.061

1.66 11.99 13.83 600,000 600.000 11,800,000 1.65

1.79 3.54 101,900,000 101,900,000

6.11 .79

6.90 1,500,000 1,500,000 2,500,000 1.27 .57 .96 2.80 29,300,000 29,3191,HHO

4.49 3,800,000 13,400,000 13,400,000 1,452,200,000

173,700,000 173,700.000 125,100,00 3.85 9.29 6.69 19.83

7.600.000 7,600,000 29,300,000 3.89 1.46 5.63 10.98

10,700.000 10,700,000 23,000,000 8.97 3.2+ 6.97 19.18 39,00.no 10,000,000 40,04).001

7.08
1.67

8.75
5,600.000
5.600.000 33,400,000

1.86 13.119 14.87 350.000.000 35,000,000

1.06

1.08

.98

.19

Total......... 1,298,500,000 $5,987,100,000 $2,143,300,000 $1,007,100,000 $3,130, 400, 41,985,893,500, cn, 34.61) 82.41 *2.61 *5.63

York.-The value of the monetary stock of silver standard countries has been changed to conform to the decline in silver valu. The monetary stock of Mexico and other countries where the Mexican dollar circulates is given in Mexican dollars at bullion value. 1

WORLD'S PRODUCTION OF GOLD AND SILVER FOR THE CALENDAR YEAR, 1906.
CELSTKIE

Guid.
Silver.
COUNTRIES.
Gud.

Silver.
O., line,

Vaine.
Dt.. fine. Com.Val.

UL., he. Value. Oz., tine. Com, l'al. United States... 4,565.383 $94,373.800 56,517.900 938 256,400 Chile..

45,8861 $948,500 397.853 $269,300 Mexico..... 896,615 18,534,700 65,425,268 37,381,400 Colombia.

105.982 2,190,800 763.335 516,00 Canada..... 581,6511 12,023 900 8,568,665 6.80.00 E usor..

14,233 294.00 13,592 9,200 Africa. 6,533,484 135, 179,500 702,464 475,800 Brazil

116,243 2,403.000 Australasia. 3,985,684 2,391,400 14.287.246 9,637.40 Venezuela

1.293

25.300 Russia...

94.3,050 19,194.700 166,183 112,500 British Guiana. 77,770 1,607,700 Austria-Hungary

123,617 2,265,400 1,692.119 1,145,400 French Guiana. 89,955 1,859,710
Germany
3,990 80,400 5,646,133 8,855,900

Peru....
40.102 849,000 7,404,938

5,011,900 41,400 679,119 455,200 Central America, 92,43% 1,910,700) 1,670,159 1,130,500 4,064,532 2,751,200

Japan....

156,016 3,95,100 2,451,367 1.659,800 Greece 829.075 561,200 China

88,961 1.8.-9,000 289 6,000 37,874 25,600

Kores.

108.8441

2,250,000 France 890,553 602,800 India

384,744 12,087,700 Great Britain..

1,414 29,200 137,216 92.900 Brit. East Indies Argentina

2:

5,500 14,440 9,900 919 18,500 3,096,999 9.096,300 Total, (inc.o'rs) 19,361,864 9400 945.300 165,640.640 $119,190,500

Italy Spain...

1,493

Turkey

Brisa...

[blocks in formation]

MONETARY STATISTICS-Continued.

408

.472

COMMERCIAL RATIO OF SILVER TO GOLD. 1687.

14.94
1867.

15.57
11877
17.29 1881.
91.13 1697.

34.98 1700. 14.81 1868 15.59 1878 17.94 1688.

21.99
1898.

30.03 1750.

14.56
1869.
15.60 1879
18.40 1889.

92.09
1899

34.36 1800. 15.68 1870. 15.67 1880. 18.08 1890. 19.76 1900.

33.33 1650. 15.70 1871. 15.57 1881 18.16 1891..

20.92
1901.

84.68 1860.

15.29
1872
16.63 1882.
11.19 1892
23.12 1902

39.16 1863.

15.37
1813,
15.92 1883
16.64 1893.
26.49 1903.

38.10 1864 16.37 1874. 16.17 1884 18,57 1894. 32.56 1904.

85.70 1866 15.44 1875.

16.59
1885
19.41 1895.
31.80 1905.

33.87 1866. 15.43 1876. 17.88 (1886 20.78 1894.. 86.66 1906.

30.64 BULLION VALUE OF 371% GRAINS OF PURE SILVER AT THE ANNUAL AVERAGE

PRICE OF SILVER, YEAR, Value. YEAR. Value.

YEAR.

Value. YEAR, Value. YKAR. Valne. 1840 $1. 023 11879 80. 868 1886

$0.769 1893 80. 603

1900.

$0.479 1850 1. 018 1880

886
1887
707 161894
.491 1901

461 1865 1.035 1881

.876 1888
.727 | 1895

.506 1902
1870
1.027 1882

878 | 1889
723 1896
.522 ]1903

443 1875 964 1883

808 | 1890
.809 1897
467 | 1904

447 1877 .929 1884 859 1891 764 1898

456 ||1905 1878 .891 | 1885 S231892 .674 ||1899 465 111906

523 PURCHASES OF SILVER BY THE UNITED STATES. ACT AUTHORIZING,

Fine Ounces. Cost, Average Price February 12, 1873.

5, 434,282 $7,152,564 $1.314 January 14, 1875.

31,603.906 37.571,148

1. 189 February 28, 1878.

291, 292,019 308, 199, 262 1,058 July 14, 1890 (to November 1, 1893, date of the repeal the purchasing clause of the act of July 14, 1890). 168.674,682 155,931, 002

924 Section 3526 Revised Statutes...

6.921: 286 4,694,566 0.6101 Total.

503, 929,175 $513,548,542) $1.016 SOURCES OF GOLD AND SILVER PRODICT 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 rear 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. STATIS

Sil
..

STATEN
GOLD.

SILKE.
AND TER-
Quartz. Plncer. Quartz. Lend Ores.

Copper AND 'TER-
LITORIES

Quartz, Placer.

Copper

Quartz, Lend Ores.
RITORIUS.

Ores.
Fine () Fine (es. Fine 0. I Fine O. Fine Oes.

Fine Oza: Fine Ozs: Fine 04. Fine Oy, Fine Ozs; Alabama 1,06

194
N. Carlina

576
756

30,013 Alaska.... 165,916 9n0,114 138,207

97,861 Oregon....

49,684. 11,490 18,892 Arizona... 141,56 1,954 571,895 718,816 1,736,727 S. Carolina 3,807

13

99 California 349,312 356,810 418,258 46.107 166,276 $. Dakota. 330,653 1302 130,816 - Colorado.. 1,190,218 2,596 6,358, 457 5,510,042 368,851 Tennessee

182
52

56,931 Georgia .. 663 62 57 Texas..

301,772 Idaho

38,488

17.100 769,214 7,681,736 567,815 Utah, 252,092 417 111,671 2,861,368 8,577,595 Marviand.

Vermont

1,393 Michigan..

922,292 Virginia.

718

950 Missouri..

31,268
1 Wiesh'yton
9.793 929 88,1201

579 7,178 Montana.. 190,946 25.943 1,971,486 511,390 10,191,859 W Vyoming. 248

136 Nevada... 503,964 9,556 6,453,478 975,860 41,973 N. Mexico. 12.875 1.297 305,112 61.8821 191,153 Total... 2,374,640) 1,398,360116,963,867) 17,709,048 22,696,548

RATIO OF SOURCES OF SILVER PRODUCT OF THE UNITED STATES.

Ores.

454

8.39

Source. 1902. 1903. 1904, 1905.

1906. SOURCE, 1902. 1903.

1904. 1905. 1906. Per cent. Per cent. Per cent. Per cent. Per cent.

Per cent. Per cent. Per cent. Per cent. Per cent. Quartz mills, 99.4

29.6 Copper bullion 22.1 94.5 27.0 30,3 39.6 Lead bullion.. 48.5 45.6 46.8 44.8 30.8

Total
100.0 100,0 100.0 100.0

100.0

APPROXIMATE DISTRIBUTION BY PRODUCING STATES AND TERRITORIES OF THE PRODUCT OF
GOLD AND SILVER IN THE UNITED STATES FOR THE CALENDAR Y KAR 1906.

Silver, Total Value.
STATES

silver, Total Valne.

STATRS
Gold, Commer (Silver at

Gold, Commer (Silver at
AND

AND
Value,

cial
TERRITORIER.
Commercial

Value. cial Commercial
Value. Value.)
TERRITORIES

Value. Value.) Alahama

$93.560
$68 *23,568 North Carolina..

$90,900 $16,719 $109,619 Alaska..

91,365,100 137.7471
91.502,941 Oregon

1,320,100 61,394

1,381,494 Arizona... 2,741,100 9,099.829 4,766,999 South Carolina..

74,600

74,66% California 18,839,900 1,097, 130 19,860,080 South Dakota..

6,604,900

105,058 6,709,953 Colorado 29,984,400 8,425,593 31,559,990 Tennessee

800 17.898 18,128 Georgia

23,700
23.908 Texas

3,400

181,169 191,169 Idaha 1,035,700 5,981,135 7,016.836 Utah

5,130,900 7,789,660 19,920,830 Michigan 125,919 198.969 Virginis

10,8001

66 10,368 Missouri.

21,181
21,187 Washington.

103,906 28,481 131,497 Montana 4,622,000 8,488,404 13,010,404 Wyorning.

5,700

6,445 Nevada...

9,278,600 3,524,972 9,908,579 New Mexico

266,200 306,902 578,109 Total.. ... $94,378, 8001 $38,256,400 $189,680,200

903

MONETARY STATISTICS-Continued.

PRODUCT OF GOLD AND SILVER FROM MINES IN THE UNITED STATES, 1866-1906,

Gold.

Silver.
YEAR.
Fine Ounces.

Value.

Fine Ounces. Commercial Value. 1866

2,588, 062 $53,500,000 7,734,400 $10,356, 400 1867

2,502, 196 51,725,000 10,441,400 13,806, 200 1868

2,322,000 48,000,000 9,281,200 12,306, 800 1869

2,394,662
49,500,000

9, 281, 200 12, 297,600 1870

2,418,750 60.000.000 12, 375,000 16, 434,000 1871

2,104.312 43,500,000 17,789, 100 23.588,300 1872

1.741, 500 36,000,000 22, 236,300 29, 396,400 1873

1,741.500 36,000,000 27,630.400 35.881.000 1874

1,620, 122 83,490,900 28,868, 200 36,917.500 1875

1,619, 009 33, 467,900 24,539, 300 30,483, 900 1876

1.931,575 89, 929,200 29,996, 200 34,919,800 1877

2,268,662 46,897,400 30,777,800 36,991,600 1878

2,477, 109 61,206,400 35,022.800 40, 401,000 1879

1,891,787 38,900,000 31, 565,500 35,477.100 1880

1.741,600 36,000,000 30,318.700 34.717,000 1881

1,678, 612 34,700,000 33, 257.800 37,607,500 1882

1.572, 187 32,500.000 36. 196.900 41.105,000 1883

1,451, 250 30,000,000 36, 732,800 39,618,400 1884

1,489,950 30.800,000 37, 743,800 41,921,300 1885

1,638, 373 31, 801, 000 39.909, 400 42,503,600 1886

1,686,788 34,869,000 39,694,000 39, 482,400 1887

1,603, 049 33, 136,000 41,721,600 40.887,200 1888

1,604, 478 33, 167,500 45.792, 700 43,045, 100 1889

1,594.775 32,967, 000 50,094,500 46,838, 400 1890

1,588,877 32,845,000 54,516,800 67, 242, 100 1891

1,604,840 83, 175,000 58,330,000 57, 630.000 1892

1.597,098 33.015.000 83,500,000 55, 662,500 1893

1,739,328 35,955,000 60,000,000 46,800,000 1894

1,910,813 39,500,000 49.500.000 31,422,100 1896

2,264,760 46,610,000 65,727,000 36, 445.500 1896

2,568, 132 53, 088, 000 58,834,800 39,654,600 1897

2,774,935 57,363.000 53, 860,000 32,316.000 1898

3,118, 898 64, 463, 000 54, 438,000 32,118,400 1899

3.437,210 71,053, 400 54,764,500 32, 858, 700 1800

3,829, 897 79,171.000 57,647 000 35, 741,100 1901

8.805,500 78,666, 700 55, 214,000 33, 128,400 1902

3,870,000 80,000,000 55,500,000 29, 415,000 1903

3,500,000 73,591,700 64.300,000 29,322, 000 1904

3,892, 480 80,464,700 57,682, 806 33,456,000 1905

4,178,592 86, 337, 700 68,938, 355 35,952,397 1906

4,565, 333 94,373, 800 56,517,900 38, 256, 400 Total product from 1799 to 1905 inclusive : Gold, fine ou aces, 134, 698,826; value, $9,784.418,500. Silver, fine ounces, 1,620,512,365, commercial value, 61,436,117,797. The estimate prior to 1873 was by Rossiter W. Kaymond. PRODUCTION OF THE PRECIOUS METALS SINCE THE DISCOVERY OF AMERICA. YEARS.

Gold.
Value.

YEARS,

Gold.

Value. 1492-1620.. $107.931.000 $54,703,000 10.75 1892.

146,298.000 198,014,400 28.72 1621-1560.. 204,697,000 297,226,000 11.30

1893.

157,494,800 213,944,400 26. 49 1561-1600.. 189,012,000 597,214,000 11, 80

1894.

181,175,600 212,829,600 39.66 1801-1640.. 823,579.000 678,800,000 14. 00 1895.

198.763,600 216,566.900 31, 60 1641-1680.. 239,665,000 584,691,000 lö.CO 1896.

202,251,600 203,089,200 30.66 1681-1720.. 813,491,000 679,869,000 15. 21 1897.

236,073,700 207,413,000) 34. 28 1721-1760. 580.727,000 801,712,000 14. 75 1898.

286,879,700 218,576,800 85.03 1761-1800. 511,675.000 1,273,468,000 lö, 09 1899.

306,724,100 217.648,300 34. 36 1801 - 1810. 118,152,000 371,677.000 15. 61 1900.

254 676,300 224,441,200 83.83 1811-1830 76,063,000 224,786,000 15.51 1901

262,373,300 223,691,300 84.68 1991-1830 94,479,000 191,444,000 16.80 1903.

296,787,600 210,441,900 39.15 1831-1840. 134.841,000 247,930.000 15.75 1903,

826,961,500 217,181,800 38.10 1841-1850. 363.928.000 324,400,000 16. 83 1904.

316,893.200 217.718,700 85.70 1851-1880.. 1.333,991,000 872.361,000 16.99 1905.

877,186,100 216,860,800 33.87 1861-1870. 1,963,016,000 507,174,000 15. 56

1906..

400,245,800 314,161,600, 80.54 1871-180. 1

1,150,814.000 918,678,000 18. 05 18e-1890.. 1,059,892,000 1,298,820.000 19. 76 Total

$13,076,795,000 $12,714,664,000 1891

130,660.000 177,352.000 20.92

Silver-Coining Ratio.

Silver Coining Ratio.

WORLD'S CONSUMPTION OF GOLD AND SILVER IN THE ARTS (Latest Report) 1905.

[blocks in formation]

MONETARY STATISTICS+Continued.

PRESENT UOXETARY SYSTEM OF THE UNITED STATES ILLUSTRATEL).

Gold Coini,

Standard Silver Dullars. Subsidiary Silver Coin.

Miuor Coin.

Weight...... 25 & grains to the doilar. 419.5 grains.

3N5.9 grains to the 5c. piece: 77.16 grains, 75 p. c. dollar.

cop pei, 25 p. c. nick I. Fineness... 900-1000.

900-1000.
900-100).
1c. piece: 48 grains, 95 p.

c.

orpe Kastio to gold

115.983 to 1.
14.9.3 to 1.

pet, 5 p. c. tinand zite. Limit of saue. Unlimited. Coinage cessed in 1905. Nee is of the people.

Needs of tbe people. Denominations 20, $", $5, $249. $1.

50 cents, 25 cents, lv cents. 5 ceuts, 1 cent. Lagal tender, Unlimitel.

Unlimited, unless other. Not to exceed $10. Not to exceed 25 cents.

wise contructed, Receivable.... For all publie dues. For all publio dues. For all dues up to $10. For all dues up to 26 cents. Exchangeable. For gold certificates, as Por silver certificates and For minor colu.

below, and subsidiary srnalier coin.

and minor coin. Redeernable...

In "lawful money" st In "lawful moner" at the

the Treasury in sums Treasury in sums or nuk or multiples of $20. tiples of $20.

Unter States Treasury Notes of National Bank
Gold Certificates. Silver Certificates.

Not 8.
190.

oten, Limit of issue. Unlimited for gold Quantity of silver $346,681,016. No further irgues ; Unlimited by law. ex. coin unless gollie- dollurs coined,

volume steadily cept by volume of 1.8. serve full below $662,173,630.

diminishing by re- bunds necesary to de $100,000,000.

del plou with posit as security, ,

silver dollars. Denominations $10,000.$5,000 $1,000, $100, 450, $20, $10, 01, 900, 8500,8100, 850, 91,000, $100, $50. 01.000, $500, $100, 850, $500, $100,830, 4.0, $, $2, 01.

$20, $10, $5.

€30, $10,05, $2, $20, $10, $6. $10.

$1. Legal tender.. Not a tender. Not a tender. For all debta, pable Unlimited, unless Not a tender.

and private, except

otherwise concustoms and inter- tracted.

est on public debt, Receivable.... For all pablic dues. For all pablic dues. For all public dues. For all public dues. For all pnblic dues er

cept customs. Exchangeable.. For subsidiary and for silver and ininor For sobaldlary and For allter and minor Por subsidiary silver mninor coin. coin. minor coin. coin.

and minor coin. Redeemable... In yold coin at the In silver dollars at In gold at the Treas. In gold at the Trens In "lawful money” at Treasury. the Treasury. ury. ury.

the Treasury, or

baak of issue. “Lawful in dey" 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 coil. There are still in use small amounts of $1 and $2 United Stawe and wational bank Dotes; sin $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 praci gible. The issue of national bank artes 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.

COIXAGE OF THE MINTS OF THE UNITED STATES FROM THEIR ORGANIZATION, 1702,

TO DECEMBER 31, 1906.

[blocks in formation]

GOLD.

60,09

96,599,669 91,886,993,380.00 Hall diines(coinage discontinued,
Dimes

474,974,190 Double eagles.

$49,497,419.00 Eaglee.

88,679,407 386,798.070.00

act of February 12, 1873)..... 97,604,388 4,880,919.40 Half engles...

61,629,741 808,143,706.00 Three cent pieces coinage d!seonThree-dollar pieces (cotnage dis

42,736,940 tinued, act of Feb. 14, 1873)....

1,282,087.20 continued under act of September 26, 1890)... 639,792 1,619,378.00 Total silver...

1,-8,9,6,448 9911,894,859.35 Quarter eag es..

12,261,564 81,120,910.00 Dollars (coinage discontioned

MIXOR. muder act of September 26,

Five-cent pleces, nickel..... 613,343,039 $95,667,061.95 1690)...

19,499,837 19,499,837.00 Three-cent pieces, nickel (coinDollars, Louisans Purchase Ex

age discontinuedl, act of Sep position (act of June 29, 1902), 950.258 261,938.00 teinber 26, 1890)...

31,878,816 941,349.48 Dollars, Lewis & Clark expositiva

60,086.00 Two-cent pleces, bronze (coinage Total gold.... 929,910,237 $2,679,41N, 105.00

dia ontinued, act of September 96, 1890).

45,601,000 $12,020.00 NILVRR

One-cent pieces, copper (ro'nage Dollars (coinage discontinued.

discontinued, act of February act of Feb. 12, 1873, resumed

21, 1857).

166,288,744 1,562,887.44 act of Feb. 28, 1878)

578,303,84 $378,303,848.00 One-cent pieces, nickel (coinage Trade dollars (discontinued, act

discontínues, act of April 22, of Feb, 19, 1587)... 35,965,924 35,965,924.00 1864).

200,779.mg 2,007,790.00 Dollars (Lafayette souvenir, act

One-cent pieces, bronze........ 1,438,643,495 14,486,434.97 of March 3, 1899)....

50.000 59.000,00 Half-cent pleces, copper (coinHaif dollars...

326,267,284 163,133,642.00 age discontinued, act of FebHalf dollar (Columb'n souvenir) 5,002.15 2,501.057.50 ruary 21, 1857).

7,988,292 39,926.11 Quarter dollars... 325,999, 446 81,499,351.50

Total minor .........

9,394,011,828 $44,517,489.93 Quarter dollar (Colb'n Bjuvenir 40,023

10,005.75 Twenty.cent pieces (coinage dis

Total coinage..

4,412,018,501 $3,642,410,154.28 continued, act of May 2, 1878) | 1,855,000 971,000.00

silver-dollar coinage under acts of April 2. 1799, 89,031,938 ; February 28, 1878, $378,188,793 ; July 14, 1890, $36,087,285 ; June 12, 1898, $42,139,51% ; June 13, 1898, $108,800,1-8; March 3, 1891, $5,078,472 ; total, $579,065,960.

The Potentiality of the United States.

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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:

U.S.

United States. The World. P.C. Population, 1900

1,500,000,000 .03 Wheat, bushels, 1905

693.000.000

3,337,000,000 .20 Coal, tons, 1903

330,000,000 1,000,000,000 .35 Gold, 1906, value

$96,000,000

$ 100,000,000 .24 Manufacturings, value of products, 1905.

$15,000,000,000 $43,000,000,000 Silver, 1905, value...

$38,000,000 $100,000,000 Pig iron, tons, 1905.

23.000.000

57,000,000 Steel, tons, 1905

20.000.000

48,000,000 Petroleum, gallons, 1903

6,000.000.000 11,000,000,000 Copper, tons, 1905

403,000,000

735,000,000 Cotton, bales, 1906.

12.000.000

17.000.000 .70 Corn, bushels, 1900:1::

2,927,000,000 3,700,000,000 WEALTH OF THE UNITED STATES. An estimate of the wealth of the United States in 1907 is given on another page as $110,000,000,000. 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: Real property and improvements taxed.

.$55,510,228,057 Real property and improvements exempt..

6,831,244,570 Live stock.

4,073,791,736 Farm implements and machinery.

844.989,863 Manufacturing machinery, tools, and implements.

3,297,754,150 Gold and silver coin and bullion..

1,998,603,303 Railroads and their equipment.

11.244.752.000 Street railways

2,219.966,000 Telegraph systems

227,400.000 Telephone systems

585,810.000) l'ullman and private cars

123,000,000 Shipping and canals

846,489,804 Privately owned waterworks

275,000,000 Privately owned central electric light and power stations,

562,851,105 Agricultural products

1.899,379,632 Manufactured products

7,10:9,291,668 Imported merchandise

495.543,6SJ Mining products.

408.066,787 Clothing and personal adornments..

2,500.000.000 Furniture, carriages and kindred property.

5,750,000,000

. ON THE INDIANS AND OTHER DEPENDENT PEOPLES. 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 annlicntion of the coast wise 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,

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