The sun. [volume] (New York [N.Y.]) 1833-1916, 1875-11-22
PRICE TWO CENTS
TIE UNITED STATES MINTS
COMING STLTER TO RETIRE THE
FRACTIONAL NOTES.
The Now York Assay once Enlarged ore
Worh Proposed for Govcrnment Archi.
trct-The New Trnde Dollar Discussed.

tcct-The New Trade Dollar Discussed.
WASHINGTON, Nov. 21.-Dr. Lindcrman,
Director OF the Mint reports that there
has been coined during the year ending Juns
90, 1915, in various mlnts, 1ij90G, gold pieces,
value $3i,j5s.9j5 22S2J,2lG silver pieces, value
sl0070.3GS; 14,C29,JO0 minor pieces, value $780,
J,5-making total OF 39,l9l,11s pieces, OF the
value Of Si3,s5i1Qs.
AT the Assay oflice In New York the business
has increased during the last two years to such
an extent to render necessary the occupancy
OF the rooms in the Wall street building. which
have until recently been rented to banking
firms. These rooms have been altered repaired
and otherwise put into condition for purposes
TO which they are hereafter to be dev ted, aud
the capacity for melting and refining bullion
ter adapted In many respects for the convenient
transaction Of its business.
Ihc experience of the last year has 1emon-
strated the insuiiircncy OF tho facilities OF tho
Treasury and it's officers for the convenient and
safe storage OF coin, particularly in the western
tanned In the custody OF the mints than could
be properly cared for In view Of this fact, and
the incre Ised amount which will have to be
stored in the Treasury Offices in different rarts
of the country b fore specie payments shall
Vision q sidiional vaui. shSnd be underaSen a. an
c'ry ,y under ne u & acc 81
that the change n the German mo Stary system ana
would produce serious decline IN the value ot
silver. 'rud .iuinrlOusly affect our silver mnina
Interests To provide mars,i Tor sllyer ilhca IN the
Western portion Of our country coin OF astlnlard
early in the following year. 1873. About two years
for the paper fractional currency WAS enacted Upon
superficial examination Of the rale dollar. IL may be
Yer Tor the fractional rencY. sucn, however Is not
the case. coinage not hivng the ca effect on tho
general market price Of silver The real effect Is ta
maze sOmci Of local martct u san franciscO ano
cur annual producto1 that metal was not more than
coast would command slightly better rates but tina
| IL he C1piCty OF tue Minis for SILVER
coins Of less denomination q IN the dollar Is not equal
| 10 more than half the production and the two Years
silver manufacture an the fractional coin that can Os
| dgautigcousy used In tle country. After tne 70
donpucn Of the fractional notes silver cons Win tns
execution OF the trade dollar eau onJ De issued uiei
the coinage exchange at for gold coins nj
this Limitation VIII be a barrier to their excessiye
coinage, the demand bullion for that purpose musi
The rs section Uf tie act O jan H. 1870 Tor the re-
sumption of specie payments, authorized ana rcquIca
rapidly "A pOssbc silver coins Tor the redemption o.
the fractional currency. The purchase. oi syer buL
amounted to tS3l9 1893, at average price, WIN t1e
refining charge added for the dore hu uon OF tll
40 per ounce standard me cYi,ee
ing rate OF the fractional silver coin being tlE ~
| per standard ounce. and the average cost OF tha
bullion tl1l 40 the seigniurage or gain on lts coin
nge I'M be i3 cents per ounce about ~ per cent;
The fractional silver com nianuf.c durng The
wear was: tf dollars 10 535 900 pieces value S5SoI
5OO quarter dollars 100000 pieces vans siO65O50
3s5t00 pieces va $40 Toia 2S42i.39J pieces
value 81 $50 p0S The coinage vf these nccs LOT ths
month ot NOyenbcr NAV ue SET 20 n ns foSV" snp
amount the Treasury aud inints on jan 81 100
at 81 5oOnOO which amlolnts, addci TO inc colnHgt
from Feb 10 oct. 81 1879, inclus.ye, gives Ot lo
changed at par gold coin urng the nscal year wr
s2i 55C9 the uiH renee 5ctwte the coSt of thr se
co ns and iher nsmiIal or ta'e Nsiue oeius Hksn