River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1878-03-14
Money.

very pleasing title, isn't it And as
some ofour readers may, perhaps, be glad to
hear something on this subject, we publish
the following interesting mint statistics which
some genius has industriouslY collected:
The two cent pieces we've abolished five
years ago.
There are five times as many one cent pieces
used as threeS.
Less than 0,O00 of one cent pieces were
coined last year.
The shipping of silver coins from the mint
began about year ago.
No fives or threes (nickel) were coined last
year for circulation.
The old fashioned silver dollar has not been
made for five years.
Silver is purchased at the mint to a limited
extent. 1t is paid for in gold.
Nickel and bronze CONS are only made in
the United States mint IN Philadelphia.
| The Eastern, Middle and Western States
| take most the nickel and bronze coins
Double eagles are being made for the de-
positories, because they are the most sala-
BILE.
| deposItors. The government coins for itself
alone.
In the South the people are now using one
| cent pieces and thTees and fves very extern
sively.
| Five times as many five cent pieces as ones
/
threes
| No silver is exchanged for notes at the mint
This is done by transfers which come through
| Washington.
There is no coinage charged on gold. The
only charge is for parting, refining and
| toughening.
Two years ago nearly $500, 900 in gold dol
| lars were made tor the SUBJ Treasury depart
ment in New York
There are lying in the repositories and
vaults of the sub-Treasury OF Philadelphia
nearly $500, 900 in five cent nickel pieces.
| Five cent pieces are circulated considera-
! bly, in New Orleans. Pennies were recently
sent to that city, which were the first ever
| called Tor.
Tie largest number of early orders for
small coins came from the Southeast. Recent
orders are chiefly for this section of he coun-
| try.
A large amount Of the SIS, 000,0 900 in small
coins circulated within the year were manu-
| featured during the same period, and conse-
| quently the coins are new.
| In brisk times the mint pays out from three
to five thousand dollars a day for the accom-
mediation ofpeopie making change, and TOR
shipment throughout the country.
The demand for one cent pieces has de
creased within the last three or four months,
and the demand for fiyes has increased. This
| is due to the issue OF so many dimes.
No trade dollars have been made this year.
/ l.
| coinage was suspended liz December. They
were only coined to a limited extent for cir
! culation
Nickel and bronze are kept at par by re-
| deeming them in greenbacks. They are de-
/ posted in the mint in sums of not less than
| 800 receipted for, and checks sent to the de-
positor.
No silver five cent pieces have been made
| for five years In tact they have been abol-
ished as well as the silver three cent pieces.
| The nickel threes are still issued, although
| but few are used.
From five to ten thousand dollars of eagles,
| one-fourth eagles. one-halI eagles and three
/ dollar pieces are made every year in order to
keep up the history Of the coin. About
8, 900 OF ones are made annually for the same
purpose.
The mint shipped over the country in 1876
about $500, 900 IN small coins, consisting OF
one, three and five cent pieces They went
/ chiefly West and East In 1877 only lboat
$3.50, 900 in these small coins were shipped.
The authorities ut the mint can feel the
pulse Of business by the amount OF coins sent
/ in tor redemption. Ii business is falling of
| the redemption is larger When it is steady
the redemption moves along at the rate Of
| about $500 day.
The greatest demand Tor silver coins is for
4 the half dollar The quarter dollar Is the
/ second favorite, and the dime is the third and
! .ast in the list. The demand for half dollars
/ times more halves are requires than dimes.
When business is brisk IN the city about
seven or eight hundred dollarsa day III change
! is required Tor nickel and bronze. The rail-
road companies are demanding more than
usual on account 81 the six-cent fares. The
/ demand, however, has fallen Oh somewhat
within the past few days.
/ Although more trade dollars were coined
1 from April, 1878, to December, 1871 than
were coined ct the dollar q the fathers for the
| eichtv-one years preceding, it does not follow
that the trade dollar is popular.