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54
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MINERAL RESOURCES.
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is
not only proper, but necessary, to return to the usual practice, and
make a new estimate of the silver product of the United States in 1892
on the same basis as for previous years.
The silver output of the United States, in 1892, is based on the approximations contained in the two following tables:
Approximate silver product of the mines of the United States during the calendar year
1S92.
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Taking
the mean of the approximate silver product of the mints of the United
States during the calendar year 1892, and of the approximate
disposition of that product, gives the approximate silver output of the
country in that year at 63,485,395 ounces, or in round numbers
63,500,000 ounces, of the commercial value of $55,562,500, and the
coining value of $82,101,010. It thus appears that the product of
silver in the United States in 1892 exceeded that of 1891 (58,330,000
ounces) by 5,170,000 fine ounces, of the coining value of $6,684,444.
In what proportion this increase was distributed among the several
States and
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