See " Standard Silver Dollars."

Silver Product of the United States. The Bureau of the Mint estimates the total production of silver in this country for the year 1919 as 55,285,196 fine ounces, valued at $61,-966,412.

Silver Product of the World. Beginning with 1860 the commercial value of silver produced was $39,337,000. There was a gradual increase, for in 1870 the product was $57,173,-000; in 1880, $85,640,600; in 1890, $131,937,000. During 1893 the coinage of silver in British India was suspended; there was a panic in the silver market in London; the United States repealed the clause of the Act of July 14, 1890, authorizing the purchase of 4,500,000 fine ounces of silver per month. As a result of all these happenings the annual commercial value of silver produced suddenly fell off.

The total coinage value of silver in standard silver dollars produced in the world from the discovery of America to 1915 inclusive is $15,087,912,069. (See also " Bar Silver.")