The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-11-22
ByTeIegraph
ASSOCIATED PRESS REPORT.
10 THE DAILY INTELLIGENoER
WASHINGTON.

Another Mexican Outrage.
WASHINGTON, D. c., November 90
The Postmaster General received tele'
gram from Brownsville, Texas, to-day, re-
porting another mail robbery on the
Corpus Christi line,supposed to be by bOr'
der Mexicans.
EDUCATIONAL BEPoRrs.
Hon. Jno. Eaton, Commissioner Of Ed.
uCation, has completed his annual report
for 1875. II contains the usual abstracts
OF reports OF the several State and city
Superintendents, and other educational
publications together with tables Of stat,
istics coming from replies to inquiF les
addressed to the State and city eduCation'
al officers and institutions throughout the
country, The commissioner says the
benefits OF common nomenclature adopt-
ed rs the results OF its work in reporting
educational statistics are becoming ap'
parent,
ANNUAL MINT REPORT.
The annual report Of the Director Of
the Mint shows the coinage 10 be; gold,
$33, $685. ,965; silver, $l0,070,36s; minor
pieces, $23O,375; total, $l3,s4,7Os. The
deposits were; gold, S3s, $50, ,203; silver,
$lG,O70,G26. Additional vaults will be
required In the treasury offices in vari-
ouS parts Of the country for the storage Of
silver coin in view Of the contemplated
resumption Of specie payments, The Di-
rector says the yield Of the mines will
probably furnish sufficient silver to man
ufacture all the fractional currency coin
that can be advSntageOusly used in the
country after the redemption Of the frac-
tional notes. The trade dollar should be
continued, II for no other purpose than
to make local market for silver. The
purchase Of silver bullion from January
l4th to October 3lst, 1875, amount
ed to $S,349,747, ut an average price,
with the refining charge added Of eleven
cents and four mills per ounce. The stan
dard coinage rate ofiraCtional silver coin
being one dollar and twenty.iour cents
and four mills per standard ounce, the
gain on It's coinage will be thirteen cents
per ounce or about twelve per cent, The
total expense attending the mandatory
Of coinage OF the last fiscal year was
$43,S54,7OS, or about 60 per cent Of the
expense Of the mandatory Of fractional
currency. In this estimate the storage
realized on the silver and minor coinage
$3.50, ,l05, has not been considered. The
propriety Of increasing the amount 10
$40 gold pieces Is suggested for the con.
sideration Of the Secretary Of tho Treas.
ury. Tho Director speaks at length Of
the course Of the gold and silver during
the last three years, saying the monetary
troubles have not been caused by an in
sufficient supply Of gold, but by It's
having been withheld from circulation
and the diminished Use Ofsilver as money,
The new coinage system OF Germany is
mentioned as one OF the chief causes Of
delay. It's completion isattributed main.
ly to the action Of neighboring countries
or the closingof what was expected would
be the best and largest market for silver,
The manufacture OF the new standard ma.
tiOnal coins has already amounted to
about $9S,O00,000. The coins, however,
have not gone into general circulation TO
the extent originally expected for the rca.
son that the old standard silver coins,
which are inferior In value, continue I'm.
der the provisions Of the now monitary
law TO bc effective money In payments.
Gold has therefore to great extent been
held in the Imperial Treasury mint
and banks. The gold standard is TO 60
into effect throughout the entire empire
on the lat day OF January, 1876 in ao-
COrdance with the Imperial decree Of
September 90, 1875, and which wonld APP
pear to indicate employment at an early
day Of more decided measures than here.
toiore for the withdrawal Of the deprecia.
ted legal tender silver coins. When the
complete decentralization or withdraw.
al Of these deprecated silver coins
shall have been accomplished, gold
will enter freely into the channels
Of circulation, and money affairs
will resume their usual course, and the
sooner the German Monetary Reform
now In progress is completed and the
Bank Of France resumes specie payment,
the better for Germany.
France has the time fixed for resump.
tiOn in France in 1873, but II Ia probable
that II will take place before the time
specified.
Whenever the German Empire shall
have its great Monetary Reform well I'm.
der way, and France act face TO face with
her immense specie reserve, the active
demand for cold will no doubt ceage, and
the United States may then safely under.
take the acquisition Of sufficient stock
Of coin for resumption Of specie pay.
ment.