, 1877-05-02
How the Presidents Policy Is
Tanning tho Fiery Ma
chino Men.
Scheme for a Reorganization
OF the Pension Bureau.
Whereby a Reduction in Expenses Of
One. Half WIN Be Made.
The Extra Session Wil1 Probably Be- Called
for the 18th Prox.


Hp<ld5 Lf1p4kEA 20 1a$ &F1VAH&
WAantx1rox, D. e., May 1.-C'en. Butler IL
reported 10 hare said. In recent interview, Tint
81. 600, 600 worth Of United States silver coin had
been purchased In this country TO be sent to 8ouh
Ametiea, and he apoke Of this alleged tEanshetfon
II one BY which the United States Government had
experienced considerable loss. Dr. Llndermann.
Director Ut tho gints. believes that Gen. lntlcr
must have got this impression about tho cxporta-
ttun of silver coin from tho fact that there has
been recently statnped at the United statcs Mint
II. 0oo. COO ntekels md copper pieces for
the Venezuelan Government. Tho blanks
for thcse coins were made By q
private trm In Waterbury. Coun.. but were assaycd
and stamped At tho mint In accordance witt. a law
ALLOWING SUCH WORK 70 bB DoHn TMENE.
The!r ratae was $3.50, coo, aud both the work 1ono
at the mint and by the private trm 81 Waterbury
was paid for By the Venezuelan Government.
There have been no lGsge cxporta,ioua Of United
States silver coin stncu It ptaccd In circulation
moro than year ago. Occasional small lots OF a
few thousand dollars each in silver coin
Is exported from San Francisco TO some
Central or South American States, where II il
used ~ money. tnt eren II the expectation Of our
silver ha1f-doltArs md quarters WAS really lsrRc,
it would be subject Of congratulaslon rather than
OF regret. No silver coin IL paid out BY the Co..
ernu,ens e1cepsat
rra NOMINAL VALUE,
willis tho cost of manufacturing 1t ia only about
II per cent Of that value that the Cnttd Statea
Government would make pro6t OF from 60 10 Is
ccuta On everY dollars worth Of it, coin thus cx-
ported, IN addition 10 tho advantage that must ac-
eruo to our national trade by tho circulation Of
our money In foreign couats1es. Unfortunately.
thero IL no danger that large quantities. Of our
stlrer coin will be exported. hecsuse II any South
American 9eatcs dtsErcd to obtain silvcr co[us for
currency It could buy Mexican dollars In The open
market In London for g to IS pence per ounce, or
from 40 to &c per cent
nELow TIE RATE
1t which our subsidiary silver coins Arc ifsued.
About SO, 600, 900 worth Of gold has been coined
In the Minis Of tho united Statea since tho 1t of
last Ju,y. Adding to this tho amount Of silver
coluago during the same period the aggregate will
be greater than tho amouns Of eolnses ever done
In the United States Mints ia the eame length Of
| tins utnce their organization. The only years
| during which the amount Of work was nearly ~
Tue discovery OF gold in California and Auatrali.,
and even in those Year, the number Of pieces aesu-
a''5 aaae WIZ vncu .v.,,xu
the gold tton coined made Into doublc ca@Irs.
wnf a1to ns yeas r assny
las!on Of gold In the United States during the
ssnt zen xi!l probably b grca,sr than la.tng .ny
900 oand t5o, GOD. 0o but il tho drst eight months
81. ooo, GOO. From gresens ladicat'ons. It would
| not to aurpriainy II the amouht OF gold aud
silver accumulated In this country during tho
present yea. from production and import Amounted
| 10 fully $5O. COO. 600, or moro than tho amount
sent out of the connt1, darinx the year lsHs. md
| Dr. LindtEman. Director Of tho Mlut ha. recently
| sent to tho leading foreign countries which have
mtnts Of their own for apeetmeMs Of
| TttK1R LATEST l8suEs
of gold and sycf coins for the purpoee Of sying
| them and comparing thclf tneness and the chaTaG.
ter Of The MECHANICAL work upon them with that Of
| our own coins Tho comparison 10 very favora.
l'e to The UnItcl States. uota coins recently
tumed our at The Nethertandt and German mints
ase 20 CONCEIVE one siIe and cousex an the athes
that they won's liz firmly together, and the Abt.-
sioa fr1m thIs canse is!erY greatly lncseasfd.
IL much betler, but In no thstance DO they excel
| that apuh the american coins
| NON NKffa MANUFACTURED
1t our mIntt. The devices both on our gold and
alvef cotna arc not ~ good ~ they might be. and
steps will no doubt be taken to substItuta more
Arttetict for thcm hut far tho hncntss Of
The metal and excellence OF tho workmaashap Asa
concerned, the Unlted States gold md silver coins
! will bear comparison With tho best produced Ia
Europe.