260 VALUATION, DEPRECIATION AND THE RATE-BASE 
TABLE 16. SILVER IN THE UNITED STATES 
ANNUAL ProDUCTION 
(1880-1914) 
Annual production. Average 
Year. Por centroid commercial 
Troy ounces. Total value. Falut pet ounce: 
1880 30,318,700 $34,717,000 40.6 $1.15 
1881 32,257,800 37,657,500 40.8 1.13 
1882 36,196,900 41,105,900 41.9 114 
1883 35,732,800 39,618,400 40.1 T.0% 
1884 37,743,800 41,921,300 46.3 1.1% 
1885 39,909,400 42,503,500 43.6 1.07 
1886 39,694,000 39,482,400 42.5 0.99 
1887 41,721,600 40,887,200 42.9 0.98 
1838 45,792,700 43,045,100 42.2 0.94 
1889 50,004,500 46,838,400 41.7 0.94 
1890 54,516,300 57,242,100 43.2 1.05 
1801 58,330,000 57,630,000 42.5 0.99 
1892 63,500,000 55,662,500 41.5 0.87 
1893 60,000,000 46,800,000 36.4 0.78 
1894 49,500,000 31,422,100 30.1 0.63 
1895 55,727,000 36,445,500 33.2 0.65 
1896 58,834,800 39,654,600 37-5 0.68 
1897 53,860,000 32,316,000 33-6 0.60 
1898 54,438,000 32,118,400 32.2 0.59 
1899 54,764,500 32,858,700 32.5 0.60 
1900 57,647,000 35,741,100 33.2 0.62 
1901 55,214,000 33,128,400 31.9 0.60 
1902 55,500,000 20,415,000 34-1 0.53 
1903 54,300,000 29,322,000 32.4 0.54 
1904 57,682,800 33,456,000 35.% 0.58 
1905 56,101,600 34,222,000 32.6 0.61 
1906 56,517,900 38,256,400 34.2 0.68 
1907 56,514,700 37,299,700 30.7 0.66 
1908 52,440,800 28,050,600 25.8 0.53 
1909 54,721,500 28,455,200 25.8 0.52 
1910 57,137,900 30,854,500 25.8 ©.54 
I9II 60,399,400 32,615,700 26.7 0.53 
1912 63,766,800 39,197,500 28.4 0.615 
1913 66,801,500 40,348,100 yr neg 0.604 
1914 72,455,100 40,067,700 al 5 in eet 0.553