342 



FINANCES OF THE UNITED STATES. 



The returns of the census of 1860, in the pre- 

 ceding table, although not a true statement of 

 the present condition of the country, yet afford 

 the best data in existence of its wealth and 



resources. 



The productions of agriculture for the years 

 ending June 30th, 1850 and 1860, were as fol- 

 lows: 



Products, other than those of agriculture, 

 were, in the year ending June 1st, 1860, valued 

 as follows : 



Product of the Fisheries $12,924,092 



Salt, bushels. 12,190,958 2,265,802 



Copper. Lead, Nickel and Zinc 8,816.516 



Gold, California 45,221 693 



Coal, tons, 15,178,409 19,865,765 



Petroleum, 1861 500,000 



The returns of the manufacturing industry 

 of the country are of surprising magnitude. 

 The total value of domestic manufactures, in- 

 cluding fisheries, and the product of the mines, 

 according to the census of 1850, was $1,019,- 

 106,616. The product of the same branches, ex- 

 cluding fisheries and mines, for the year ending 

 June 1st, 1860, reaches an aggregate of nineteen 

 hundred millions of dollars ($1,900,000,000), 

 being an increase of more than eighty-six per 

 cent, in ten years. The amount was partly as- 

 certained, and the remainder carefully estimated 



A bale of 400 Ibs. 



t Of 1,000 Ibs. each. 



in taking the census. The table on the follow- 

 ing page shows the results for 1860 in the sev- 

 eral States and Territories. 



In estimating the value of the statistics of 

 this country, due allowance must be made for 

 the devastation of the late war. If the recovery 

 is rapid, they become more valuable as a crite- 

 rion of future wealth, than if it should be slow 

 and tedious. 



The sales of gold coin during the year, by the 

 Treasury Department, amounted up to Novem- 

 ber 1st, to $27,993,216, on which a premium 

 of $12,310,459 was realized. These sales were 

 made for the purpose of reducing the constant 

 acoumulation beyond the amount required to 

 pay the interest on the public debt. 



The total value of the bullion deposited at the 

 mint and branches during the last fiscal year 

 was $32,248,754.97, of which $31,065,349.74 

 was in gold, and $1,183,405.23 in silver. De- 

 ducting the re-deposits, there remain the actual 

 deposits, amounting to $27,982,849.09. 



The coinage for the year was, in gold coin, 

 $25,107,217.50; gold bars, $5,578,482.45; silver 

 coin, $636,308.00 : silver bars, $313,910.69, in- 

 cluding the two and three cent pieces, $1,183,- 

 330.00; total coinage, $32,819,248.64. 



At the branch mint in San Francisco the gold 

 deposits were $18,808,318.49, and the silver 

 deposits and purchases $540,299.20 in value. 

 The value of the gold coined was $18,670,- 

 840.00 ; of silver coined, $320,800.00 ; and 

 of silver bars, $145,235.58. Total coinage, 

 $19,144,875.58. 



At the branch mint in Denver the total de- 

 posits were $548,609.85, of which $541,559.04 

 was in gold, and $7,050.81 was in silver. 



The premium at which gold has been held in 

 the New York market above paper money, or 

 Government notes, on each day subsequent to 

 the suspension of specie payments up to De- 

 cember 31st, 1865, is stated on a subsequent 

 page. 



Commercial intercourse with the Southern 

 States has been conducted through the Treasury 

 Department during the war. An act of Con- 

 gress of July 2d, 1864, authorized the purchase, 

 by agents of the department, of the products 

 of the insurrectionary States. This was closed 

 by executive orders, on the east side of the 

 Mississippi, on June 13th, and on the west, on 

 June 24th. It is thought that the net profits 

 of the Government by these purchases will 

 amount to a million and a half of dollars. 



Since the suspension of purchases by the Gov- 

 ernment the duties of these agents have been 

 confined to securing the property (chiefly cot- 

 ton) captured by the military forces in pursu- 

 ance of the acts of March 12, 1862, and July 2, 

 1864, relative to captured and abandoned prop- 

 erty. Up to the 31st of March last, there had 

 been received at New York, Cincinnati, and St. 

 Louis, the places designated for sales includ 

 ing 88,319 bales obtained at Savannah, 4,151 

 bales at Charleston, and 2,331 at Mobile abou 

 eighty thousand bales. 



