Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-10-30
WASHINGTON.
Vienna Van.

Vlcmmh N&Ms
WASHINGTON, Oct. 29.-Gen. Van Bu-
rem, ext Chief Commissioner to the Vienna
Exposition, hsd an interview with the Pres
ident and Secretary Fish to-day to disabuse
their minds OF the impression be had spoken
of them disrespectfully, his strongest con-
demnation being applied to unfriendly re-
ports of Minister Jay condemning him un-
heard. The General says he is determined
TO vindicate his character.
The Mint Director Tells All He
Knows.
The Director of the Mint makes the fol-
lowing statement of the purpose Of the
Government in paying out silver coin. As In
other countries, where gold is the standard,
or measure of values, silver coins are over
valued for tie purpose of rendering them
inexportable. They are manufactured and
issued on government accounts the Law, how
ever, placing directly or indirectly limit on
the issue, to prevent redundancy. If is
sued ia times of specie payment be-
yend the requirement of the public
for change, such coin will not
maintain their purchasing power with the
standard coins. Owing to various causes
in this aud other countries, silver has de-
clined In value to point at which the Gov
ernment can purchase it with gold, manu-.
facture it into SIN II coin and pay it out at a
fair profit. The Government has recently
purchased quantity of silver bullion, suf-
flcient for its purposes, at $1.123 per stand
ard ounce, and will manufacture it into
coin at the fixed legal rate, at S1.24 4-10
per ounce, the difference between the
purchasing and the issuing rate being with
in fraction Of II cents per ounce, or about
10I per cent. on the gold coin paid in pur-
chase. This operation is believed to be
more profitable one for the Treasury and
also more advantageous To the public, in the
present condition OF the money market,
than the sale of gold fer legal tender
notes, and is not a scheme 70
the resumption of specie payments, but
simply compliance with the mint laws.
A dollar in United States currency will pur-
chase little more gold in the market than
q dollar of small silver coin. The dollar
will therefore soon find its level and unles
there be rise in both the prices of gold
and silver, the small coins must circulate
concurrently with paper money. The
Government has in the possession of the
Assistant Treasurer about $500, 600 in silver
coin ard at The mint and assay Offices in
silver bullion and coin about two millions.
This stock is ample for the present. This
mode of paying out silver coin will be con-
tinued until circumstances shall dictate the
contrary course as proper. The Gov
ernment will exact the full
seigniorags required by law, but will not
undertake to control the disposition of the
coin after it is paid out. The coin will
then become the property of the holders,
who may do what they please with it, this
course was not decided upon until it had
been fully considered by the Secretary and
Treasurer. GWhat wonderful concession
from the silver-gray ausocrat.
The President to-day appointed Constan-
tine Mcguire, Collector of Internal Revenue
for the St. Louis district, vice Ford, de-
ceased.
DesperadOes, not Ku.Klux!
Attorney General Williams to-day receiv-
ed a report from the United State Marshal
OchiItree, of the Eastern District of Texas,
giving detailed account of a serious hos
tile feeling between party of desperadoes
led bY one Sam Rnsn and the co,ored peo-
pie on the line Of the Galveston, Harrisburg
and San Antonio railroad.
The Scandal abOut Indian Agent
Wright.
The Attorney General says of the letter
purporting to have been written to him by
A. A. Williamson in reference TO the Wright
case, and speaking of arrangements to
select jury favorable to the government
that the letter is forgery, as be is informed
by Williamson, and chat no such letter was
ever received by him or ever on the files of
bis department.