The New York herald., 1873-11-04

foals. 81. .52S670 S3S $50 1888 10
iaporisS saTs snf ss'f iss1ssss sc 8
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This being the rst annual report Of the Director Of the
Mint under the Coinage act he gives short outline Of
the money account questions connected
n s 1 CT the
that the bsaution f raised letters in place OF the
the PSilsdephia an to also to private ensrSveT ing and
S nov s s w'sA D
better the gold
both SIDES sIsSSTaSs, the saSsst rS%
made o. 70 deter%ao what viii
sss ISs ssls 1s
aSa"s h g
carefully examine the subject and no aiiera-
and the advantages which are clearly detsrmnsd
Under the section Of the Goiaage as and the
q sa.vS's
6sS has sf Seen esei going is coin
a Sc arg
the and M osae Of the % @
SSd coin The In s oahsT a sse
be made for calling in the light coins siii in crcuaton
loss
The thai the coins
forming the ton circulating medium This prin
Of
which have been artcaiy reduced in weight or vioien
" injured and the reception OF worn coins should be con-
against receiving ifauduentiy reduced coins can Be
might be considered unusually large number pieces
to 81 Be w ne ssrs Sa s Of
gold IN this country since that followed the change
coin 5 % 81 as asS
nnMorn coins We're selected for that purpose and the
the Director Of the Mint that the mint edco
ton at Francisco is about completed, The work
Of lifting the necessary fixtures and ap
eomPeten sIperintndeR, ana Will II + Expected be
much credit npervIslng Arohect Mqlet who design
one time considered ecessarily large but
% @ Ssen sdapasy saps
The direc devotes considerable part of his report
to the subject Of gold he sandard or Of value
The authority for Issuing subsidiary silver coin in pay
viii expire on the 18th Of February s7a The bullion or
Hs Ssn S 3 BE se
hs @ o cs ecee IN M ot the e %
This mode Of issuing subsidiary silver undoubtedly
!hs ciTcaaiins medium Of coin win bank
ns to and s At unto
certain tha, the depreciation silver and
che and
about % s ten s psI ssn n Oa saaa met not The
ou1s H1sseSsd do injury to any Interest hut but
precious metal mining Interest,". and business Of the
st Sse ss on u
basis after which those coins should be issued only IN
to sGe snd
Oa sole
value issued in coins the intrinsic and denominatona
S Silver saSsa
any not sssssa,ns IS iisy q, %anSisstursd
e y a from sn time to time
ing ino coins Of less denomna ton than the dolia and
them IN 5sha9 me % sDa son at b
paid for the bullion and the rate at which il issued in
and
S only dO - gold S eS The will
public change. This plan is adapted to times Of
second-The government purchases silver bullion and
0 iysf s wsSa ssa % ns the sasn n
he is b able II them mes OF T. at their Nominal
in countries where coin constitutes circuating
medium This mode OF issue was authorized for a linn
tries having respectively dollars Of nerent values as
@ BY linn
Th,rd-purchases OF silver bullion are made at gold
SUBSIDIARY coin which paid out at the discretion Of
nence in as in the rss the full sesnor
rsere g epeG ae o sne conSn ns d' o p
which must ariy precede the resumption Of specie
se according 10 the marst value Of silver 1s ann the
and 9ae Gw
government may increase the silver bullion fund Of the
% ps 1
+ e Hs under Ss ug the
the fu eianioraee on the subsidiary silver COIN which
e and the hsr IN
es S By ns pSc
upon the coinage OF silver was only two and half
s wss IN %
European states the eigniorage on subsidiary coin is
Director says The subject Of international coinage
ior but substantial progress appears to have been
fee Coinage " Te
proposed unihcation OF moneys involving atera
@ + 7;
!!anass loan sspTs;sis ssSis payss,s '1s
ther added that the alterations standard moneys and
deraken only when inperatively required as matter
the BE for cnass
eS ISa for Se
and assay offices should the necessary appropriations
e n Ssgsas IN S
ture of stamped bars and coinage OF silver.
The issue OF the trade dollar commenced till
nearly month after the close OF the fiscal year IN has
been shipped to some extent to China and Japan but
there has not been received as yet any account Of its
year its successful Introduction there Ar.
mands on the mns for r. coin As general thing de-
aogs s ny
be found when II is stated that the coinage on gold during
the month october Appropriated IN value Sii DOl1
the coin except as to the Pacific Coast States and
and SeSs The 'sns IN the ss
estimating the amount Of gold and silver coin in
the gold coin + estimated A. slss 0Uoo and subsidiary
principally circulation in California, Oregon Nevada
Idaho, Arizona and Texas The increase OF coin in this
April last and the indications are that although there
be occasional portatlons, II will gradually 20 on
till amount sufficient to enable the country to resume
specie payments will be secured This much desired re-
suit however will depend upon conditions which cannot
be discussed.