The
statistics of the production of gold and silver are compiled by Hon.
Edward O. Leech, Director of the Mint. They are accepted as
authoritative in this report. The year 1889 is an exception to this.
The production for that year was determined by the Census Office.
The
combined product of gold and silver in 1891 reached $108,591,565 in
value. This is the greatest value ever produced in the United States in
ayear and brings the total product since 1792 almost to $3,000,000,000.
This point was passed in the second month of 1892. Both gold and silver
increased in product in 1891; gold slightly, from $32,845,000 iu 1890
to $33,175,000 in 1891, and silver considerably, from $70,485,714 in
1890 to $75,416,565 in 1891, both coining values. In all, the sum of
the gold product in the United States from the earliest statistics
exceed the coining value of the silver by nearly two to one. This is
shown in the following table of the total product iu the United States
since 1792.
Product of gold and silver in the United States from 1793.
[The estimate for 1792-1873 is by Dr. K. W. Raymond, United States Milling Commissioner, and since ,
by the Director of toe Mint.]
