The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1878-03-07
.UN1TEDsTA MINrI1EMs.
Ma tiers Of Iiatt rebtVoB N
andahe People Generally.
cent pieces were abolished

! Matters 81 Ihtt 08dsf6sss rfel
andahe People Generally.
!.
The two cent pieces were abolished
five years ago.
There are five times as many one
cent pieces used as threes. ....f.,-.s.
Less than $1,000 of one cent pieces
were coined last year. zs...s.5..ss.
No fives or threes .(Dickel) were
coined last year for circulation.
The old fashioned silver dollar has
not been made for FIVE years. asg
The shipping of silver coins from
the mints began about a year ago.
Silveri is purchased at the mint to a
limited extent. 1t is paid for in gold.
! Nickel and bronze coins are only
made in the United States mint in this
city. s..ss=..4
The Eastern, Middle and Western
States take most of the nickle and
bronze coins.
Double eagles are being made for
the repositories because they are more
salable.
No silver is coined in subsidiary
coin for depositors. The. Government
coins for itself alone. -...5ss57
In the South people are now using
one cent pieces and threes and fivcs
very extensively. =
Five times as many five cent pieces
as ones arc sent away, and five times
as many ones as threes. s.seE
! There is no coinage charged on gold.
The only charge is for parting, refine
ing and toHghening. s
No silver is exchanged for notes at
the mint. This is done by transfers
which come through Washington.
Two weeks ago nearly $780, 900 in
gold dollars were made for the SUBJ
treasury department of New York.
There are lying in the repositories
and vaults of the sub-treasury IN this
city nearly $500, 900 IN Il We cent nickel
I pIrces.- ---=---- = = - = -.------
Five cent pieces are circulated con-
siderably in New Orleans. Pennies
were recently sent to the city, which
were the first ever called for iis2
The large number of early orders
for small coins came from the South
east. Recent orders are chiefly from
this section of the country, A
A large amount of the $aS 000, coo
in small coins circulated within the
year were manufactured during the
same period and consequently the
coins are new.
The Government has issued over
S3S 100000 of small silver coins since
the redemption of fractional currency
began, and the market is fairly gutted
with them. ss..'
The demand for one cent pieces has
increased within the last three or four
months, and the demand for fives has
decreased. This is due to the issue of
so many dimes.
In brisk times che mint pays ont
from $4,000 to S.. .000 3 day for the ac-
commoda.ion of people making change
and for shipment through the country.
No trade dollars have been made
this year. Several millions were coin-
ed in 1877. Their coinage was sus-
pended in December. They were
only coined to limited extent for. cir
cuiafion.
Nickel and bronze are kept at par
by redeeElng them in greenbacks.
They are deposited in the mint in sums
of not less than $40, receipted for, aud
checks sent to the depositor. sea
No silver five cent pieces have been
made for five years. In fact they have
been abolished, as well as the silver
three cent pieces. The nickel threes
are still issued, although but few are
used.
From 5000 to $4,000 of eagles,
half eagles, quarter eagles and S3
pieces are made every year, in order
to keep up the history of coin. About
$1,000 of ones are inside annually for
the same purpose. 80 e4=
The mint shipped over the country
in 1876 about s50O,O00 in small coins,
consisting of one, three and five. cent
pieces. They went chiefly west and
east. In 1877 only about $3S5,0OO in
these small coins were shipped.
The authorities of the mint can feel
the pulse of business by the amount
of coin sent in for redemption. If
business is falling off the redemption
is large. When it is steady the redemp-
tion moves along at the rate of about
$500 day.
The greatest demand for silver ccin
is for the half dollar. The quarter
dollar is the second favorite, and the
dime is the third aud last in the list.
The demand for half dollars is twice
as great as for quarters, and five times
more halves are required than dimes.
When business is brisk in the city
about 500 or $500 day is required
for nickel and bronze. The railroad
} companies are demanding more than
usual on account of the six cent fares,
This demand however, has fallen of
somewhat during the past few days.
Although more trade dollars were
coined from April, 1872, to December,
1877, than were coined of the dollar OF
the fathers for the eighty-one years
preceding, it does not follow that the
trade dollar is popular. The trade dol
} lar was intended for the China trade,
and nearly all that have been coined
, have gone to Chins, Japan and India.
D Il Philadelphia North American.
We don't want Moore township
h girl for a lung tes.er. AT siuging