The New York herald., 1878-11-13
GENERAL WASHINGTON DISPATCHES.

GENERAL WASHINGTON DISPATCHES.
WASHINGTON, Nov. II. 1873.
LORD sAIIsBURY's RESPONSE TO SECRETARY
EvARTs' LETTER ON THE FISHERIES CUES
TIoN-MPREssIoN REGARDING IT'S TENOR
The Secretary of State at the Cabinet meeting to-day
presented several kilograms from Minister Welsh
containing the main points of Lord Salisburys reply
to the dispatches Of Secretary Evsrs the Canadian
fishery question, but which the Secretary declines at
present to make public.
1t is believed cre that Lord Salisbury, in his reply
to Secretary Evarts is earnest in his position that
the Canadian fishery award was made in accordance
with the Treaty Of Washington as Mr.. Kvarts is in
maintaining opposite view. The correspondence
IL not likely to be concluded by the 23d inst. when
the award is due and when it will probably be paid
under protest.
ONE AND rwo DOLLAR UNITED STATES NOTES
STATEMENT OF SECRETARY sHERMAN-THER
WITHDRAWAL NOT CONTEMPLATED.
Secretary Sherman, referring to the rumored with
drawal Of the one and two dollar United States notes.
says:-
Fully year ago the story started in
paper, and cansed an unnatural demand for small
bills The statement unfounded other than that,
having years supply Of ones and twos on hand.
tho Bureau Of Engraving and Printing stopped print
ord order s VAS issued to the treasurer 70 limit the
issue Of and twos, but they were issued
to everybody who demanded them. No order
has ever been made for their withdrawal. They
issued like other money, whenever they required
and any holder Of demand against the United States
Ia ordinarily paid in the denomination Of money de-
sired. After the LIST of January bills of less do
nomination than $5 can be issued by national banks.
notes were Withdrawn it would make place for more
silver. The Secretary thinks however, that the pub
lie at large ought to have the option to take gold
silver or paper Of any denomination coined or
printed his is the best way to secure the largest cir
culAtion.
the chief end Of life was TO secure the circulation
OF silver money might be forced into circulation by
Withdrawing the ones and twos but the Secretary
does not why the people should be denied the use
OF such notes IL they want them, nor why silver
money should be made unpopular by being forced
into circulation to the exclusion Of convenient
money.
THE TRADE DoLLAR--THR DIRECTOR OF THE
MINT ON THE ADVANTAGES OF TILE CON-
The Director Of the Mint devotes considerable
portion Of his forthcoming annual report to the sub
joct Of tho trade dollar He states that wherever they
have been introduced in China they have met with
favorable reception, and continue to grow in es-
timation He considers it . satisfactorily established
fact that the trade dollar has proved beneficial to the
Chinese to the American merchant and to the pro-
duccr Of silver. He says it has benefited
moro uniform hncness and value and of
better execution than any other current in their
country 1t has proved advantageous to the American
merchant by furnishing him coin acceptable
to his foreign customers and at cheaper rate to him
SELF and tho producer Of silver has not only obtained
better price for his silver, but increased demand
for the has been created. Since their coinage
WAS authorized $685. $50 trade dollars have been
coined and 81, T03 $50 have been exported, leaving
balance Of 1O,255410, some Of which the Chinese
have taken home. 1t is estimated that during the
past five years 100000 have been thus disposed
Of Five and quarter millions held by California
banks. circulated money. except about 100000
melted at the mints. The principal portion Of trade
dollars in circulation coined since they
deprived Of their limited legal tender quality and they
we're manufactured for dcpostors, with the under
standing that they be exported and not placed
in domestic circulation, 1t also understood that
they had been deprived Of their limited legal tender
character TO the extent OF $5) by the act
Of July -, 1873. The government. having
ceived nothing Whatever for executing these coins
cept the actual expense Of coinage. s In degree
responsible for their redemption. To give them
legal tender character would result in bringing back
large amounts from other countries. BY making
them legal tender redecming them in legal tender
money the purposes Of The act authorizing their coin
age would be practically destroyed
All efforts to induce the Chinese government
to establish q mint TO have failed and
that Empire must depend on foreign coinc, the
use Of which has been gradually increasing for
some years past II will be TO advantage To fur.
nish these coins, far can without dctrimcnt
TO our money system, and. the trade dollar having
found favorable position in China. 1t would not be
advisable to repeal the law authorizing its coinage.
The Secretary Of the Treasury possesses the power
under existing laws to restrict this coinage to tho
sctua export demand. Silver is the money standard
of Oriental naons and tho extent Of silver pro-
ducing territory justcs the belief that produc-
ton, together with the silver that our trade will
naturally command from Mexico and South America,
will soon be in Of any probable demand for our
coinage purposes. and must look 10 China princi-
pally for market for our surplus.
POSTAL MATTERS ANNUAL REPORT OF THE sU-
PBRTNTENDENT OF THE RAILWAY MAIL SER
REGIsrERED LETTERS.
The annual report Of the General Superintendent
Of the Railway Mail Service shows that the number
of pieces Of mail matter distributed by the postal
railway clerks during tho fiscal year ended June 30
was 2215 $50, and tho number Of errors &c.,
or 354o distributed to each improve
ment over the previous year. when the missent wss
one in every 1900.
II lie recommended that pay for certain period
ahould be allowed tor al killed in the service and pen-