Note The commercial value of silver bullion for 1899 was 60 cents per fine ounce; for 1898, 59 cents per find ounce. RESOURCES AND LIABILITIES OF STATE BANKS, LOAN AND TRUST COMPANIES, SAVINGS AND PRIVATE BANKS, 1899-1900. Totals 11,128,861 17,020,635 52,024,766 1,756,427 81,930,689 [$1,759,835,802 $1,330,160,343 $2,624,873,634 $126,789,041 $5,841,658,820 Totals |$1,759,835,802 $1,330,160,343 $2,624,873,634 | $126,789,041 $5,841,658,820 MONEY HELD BY BANKS OTHER THAN NATIONAL AT DATE OF LATEST 28,170 4,949, 105 57,538 98,515,964 1,024,196 96,206,049 2,396,122,843 2,384,770,849 2,384,770,849 431,992 8,002,469 1,457,349 109,570,402 4,092,245 56,323,359 NUMBER OF SAVINGS DEPOSITORS, AGGREGATE SAVINGS DEPOSITS, AND No. of ABSTRACT OF REPORTS MADE TO THE CONTROLLER OF THE CURRENCY, SHOWING THE CONDITION OF THE NATIONAL BANKS IN THE UNITED STATES. Loans and discounts. Overdrafts U. S. bonds to secure circulation. U. S. bonds to secure U. S. deposits. RESOURCES. U. S. bonds on hand.. 19,328,220 00 11,047,870 00 Premiums on U. S. bonds. 17,626,212 72 Stocks, securities, etc. 9,951,815 46 320,437,066 36 367,255,545 79 Banking house, furniture and fixtures.. Other real estate and mortgages owned. 79,064,021 51 81,209,233 26 26,002,369 21 Due from National banks (not reserve agents). 212,431,744 50 220,673,982 42 Due from State banks and bankers. 59,288,465 86 Due from approved reserve agents. 64,972,431 52 414,126,660 44 450,714,269 48 Internal Revenue stamps. 1,470,910 83 Checks and other cash items. 17,414,999 52 Exchanges for Clearing House. 154,800,514 95 19,749,086 17 124,517,116 87 Bills of other National banks.. 20,077,605 00 Fractional paper currency, nickels and cents. 25,416,666 00 1,121,297 56 1,241,387 03 338,571,383 83 373,328,410 71 Legal tender notes. 111,214,651 00 145,046,493 00 U. S. certfs of deposit for legal tender notes.. 16,540,000 00 2,085,000 00 10,116,130 63 14,244,066 61 Due from United States Treasury. 1,340,945 87 1,620,093 71 Totals $4,650,355,133 44 $5,048,138,499 29 *Partially estimated. Savings deposits in State institutions having savings departments-abstract of report included with State banks. Estimated. ABSTRACT OF REPORTS MADE TO THE CONTROLLER, ETC.-(Continued). *COINAGE OF THE MINTS OF THE UNITED STATES. Calendar years. Silver. $27,411,693 75 27,940,163 75 1882. 796,483 78 53,323,106 43 $32,685,068 33 $2,915,545,650 43 Grand totals....... $2,104,580,203 00 $778,280,379 10 COINAGE EXECUTED AT THE MINTS OF THE UNITED STATES DURING THE FISCAL YEAR ENDING JUNE 30, 1900. *For coinage of each year from organization of the Mints (1793) to 1879, see "The Tribune Almanac" for 1894, pages 132-133. Egypt 1,022 Totals $466,110,614 $166,226,964 PAPER CURRENCY OF EACH DENOMINATION OUTSTANDING JUNE 30, 1900. Denomination. One dollar. Two dollars 77,056,202 27,153,260 74,539,555 tificates. $52,222,038 30,838,684 114,004,972 133,137,351 77,031,172 8,522,830 78,552,820 $55,496,324| 64,832,150 20,389,555 15,791,585 31,618,000 21,155,300 3,731,220 113,000 42,125.000 1,324,000 1,344,000 Five dollars.. Ten dollars Twenty dollars.. Fifty dollars One hundred dollars. Totals Unknown, destroyed. Net $347,681,016] $76,027,000 $309, €40, 443] $227,797,179 $416,015,000 1,000,000] |$346,681,016| $76,027,000 $309, 640,443) $227,797,179 $416,015,000 Note-Also $35,000 of $5,000 denomination and $3,670,000 of $10,000 denomination of currency certificates issued under act of June 8, 1872, and representing United States notes deposited in the Treasury. MARKET PRICES OF SILVER. Highest, lowest and average value of a United States silver dollar, measured by the market price of silver, and the quantity (in grains) of silver purchasable with a dollar at the average London price of silver, in years since 1873: Denominations, weight (in grains) and fineness of the coins of the United States: There are ten different kinds of money in circulation in the United States, namely: Gold coins, standard silver dollars, subsidiary silver, gold certificates, silver certificates, Treasury notes issued under the act of July 14, 1890; United States notes (also called greenbacks and legal tenders), National bank notes, and nickel and bronze coins. These forms of money are all available as circulation. Gold coin is legal tender at its nominal or face value for all debts, public and private, when not below the standard weight and limit of tolerance prescribed by law; and when below such standard of tolerance it is legal tender in proportion to its weight. Standard silver dollars are legal tender at their nominal or face value in payment of all debts, public and private, without regard to the amount, except where otherwise expressly stipulated in the contract. Subsidiary silver is legal tender for amounts not exceeding $10 in any one payment. Treasury notes of the act of July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt. Gold certificates, silver certificates and National bank notes are not legal tender, but both classes of certificates are receivable for all public dues, while National bank notes are receivable for all public dues except duties on imports, and may be paid out by the Government for all salaries and other debts and demands owing by the United States to individuals, corporations and associations within the United States, except interest on the public debt, and in redemption of the National currency. All National banks are required by law to receive the notes of other National banks at par. The minor coins of nickel and copper are legal tender to the extent of 25 cents. The coinage of legal tender gold was authorized by the first coinage act, passed by Congress April 2, 1792. The gold unit of value is the dollar, which contains 25.8 grains of standard gold 900 fine. The amount of fine gold in the dollar is 23.22 grains, and the remainder of the weight is an alloy of copper. The total coinage of gold by the mints of the United States from 1792 to June 30, 1897, was $1,886,338.958, of which it is estimated that $671,676,250 is still in existence as coin in the United States, while the remainder has been exported or consumed in the arts. The silver unit is the dollar, which contains 412% grains of standard silver 900 fine. The amount of fine silver in the dollar is 3714 grains, and there are 414 grains of copper alloy. The standard silver dollar was first authorized by the act of April 2, 1792. The coinage of the standard silver dollar was discontinued by the act of February 12, 1873, and it was restored by the act of February 28, 1878. The total amount coined from 1792 to 1873 was $8,031,238, and the amount coined from 1878 to June 30, 1897, was $451,993,742. The coinage ratio between gold and silver under the act of 1792 was 15 to 1, but by the act of 1837 it was changed to 15.988 to 1 (commonly called 16 to 1). FAILURES IN UNITED STATES. (Reported by R. G. Dun & Co.) |