ue of $110,654,000 and of the coinage value
of $218,738,100 according to our ratio.

The coinage of these metals in the various countries of the world during
the same calendar year amounted to $232,701,438 in gold and $121,996,219
in silver.

The total coinage at the mints of the United States during the fiscal
year ended June 30, 1896, amounted to $71,188,468.52, of which
$58,878,490 was in gold coins and $12,309,978.52 in standard silver
dollars, subsidiary coins, and minor coins.

The number of national banks organized from the time the law authorizing
their creation was passed up to October 31, 1896, was 5,051, and of
this number 3,679 were at the date last mentioned in active operation,
having authorized capital stock of $650,014,895, held by 288,902
shareholders, and circulating notes amounting to $211,412,620.

The total outstanding circulating notes of all national banks on
the 31st day of October, 1896, amounted to $234,553,807, including
unredeemed but fully secured notes of banks insolvent and in process
of liquidation. The increase in national-bank circulation during the
year ending on that day was $21,099,429. On October 6, 1896, when the
condition of national banks was last reported, the total resources of
the 3,679 active institutions were $3,263,685,313.83, which included
$1,893,268,839.31 in loans and discounts and $362,165,733.85 in money
of all kinds on hand. Of their liabilities $1,597,891,058.03 was due
to individual depositors and $209,944,019 consisted of outstanding
circulating notes.

There were organized during the year preceding the date last mentioned
28 national banks, located in 15 States, of which 12 were organized in
the Eastern States, with a capital of $1,180,000, 6 in the Western
States, with a capital of $875,000, and 10 in the Southern States, with
a capital of $1,190,000. During the year, however, 37 banks voluntarily
abandoned their franchises under the national law, and in the case of
27 others it was found necessary to appoint receivers. Therefore, as
compared with the year preceding, there was a decrease of 36 in the
number of active banks.

The number of existing banks organized under State laws is 5,708.

The number of immigrants arriving in the United States during the fiscal
year was 343,267, of whom 340,468 were permitted to land and 2,799 were
debarred on various grounds prescribed by law and returned to the
countries whence they came at the expense of the steamshi