New-York tribune., 1878-12-03

10 Tue anu hliNcF
States the estimated amount OF gold and silver coin aud
bullion in the country the depreciation CT silver the po-
son Of che American radedular in the Oriental trade
other subjects connected directly indirectly with
the coinage.
The value Of the gold coinage executed during ..
or standard silver Observation-Disclosures. s,578JoO 90
Offraciiona silver coin s,3|3IJ 90
And OF minor eOin..... 3O.o9i 10
total coinage sS1l20499 20
In addition 70 the coinage, fine and impaired bars
prepared for depostors in the amount OF S250I-
926 % in gold, and s11 .s513s5 81 in silver
mauifc st, from the proven capacity OF the
cra mins. coinage facilities ample all
purposes.
Tho present production OF bullion from the mines Of
the United States appears to approximate S1O00o0.000
in value. All the gold bullion produced in the country
contains less silver and the greater portion OF
the silver bullion from mines contains percentage
of gold. making II difficult TO determine with accuracy
the proportion OF each. II is safe. however. TO state
that the production of two metals calculated at
their coininc rates, Is nearly equal.
During the year 1877 aud the first few months OF the
present year, trade-dollars. TO the amount OF
probably 100000 pieces, were placed in crcu-
laton in tht States OF the Rocky Mountains with
full knowledge on the part Of the parties engaged In
the business that the coin was not a legal-fender.
This coin is In money of the United States
which the Government Il bound To redeem or care for
The Government stamp upon II Is 20 certify its weight
and peness for the convenience OF dealers IN silver bu
sayed At any assav office or mint The limited legal
tender quality originally given 90 was taken away be-
fore OF the CONS were put into domestic circulation,
and should not be given any value attribute
the expense OF the public that s not incident 10 any
other silver bullion. Tho Government has received
benefit from this coinage and has neither received
paid II ont. The whole connection or the Government
with this bullion perform the mechanical
assayng and dividing into convenient Orul for the
chant at his COST and for his benefit. for expectation
Recent advIces from our Minister TO China Indicate
that considerable amount OF t.adedears + now being
discrimination is made In their favor over other bullion
No distinction be made between tradedoars In tine
United States and those ont OF the United States
but II redeemed at all they must az ~, ooo eo
tradedoiars outstanding can now bc purchased from
onr miners for Sl .256.0j0. IL would be manifest in
Justice to deprve them Of our market for their bullion
In order 10 discriminate favor Of bullion coined for
porraron aud held chiefly IN foreign countries
cumuare at certain places and wanted az Others IL
il recommended that this Department be authorized 10
snns OF $780, any multiple thereof, 8t the Mint In
Philadelphia where they can be recoined, II necessary
The amount OF gold coin and bnllion IN the country
September 0 IL estimated by the Director At S259353
The estimating OF the production of tho precious
bullion matter attended with great difficulties and
the estimates only be regarded as approximately
correct though they have been compiled from The best
attanabe sources.
BY reason of the acts authorizing this Depart
ment 20 purchase gold and silver bullion at
the several mnts and assay offices, It's trans
pOration s thrown upon the Government. The great
body O: the bullion accumulates In San Francisco and
Carson aud the chief transportation h from those places
10 oNewYork Efforts made 10 favorable rates
pat ns psr cent for Silver which were deemed
silver coin and bullion can he transported with hut 1T
tle risk while the rate proposed for transporting
car tanning S250O0O or about eight tons. the cost
would be " 900 The ehief cost rs 10 the transp1rta
largely indebted TO the United States IL is respect
fully submitted that the rate over these roads be pre-.
bod hv CouC nrOrppIs form
the sinking fund OF said railroads. provided by law
BUREAU or ENGRAVING AND PRINTING.
At the close OF the last fiscal year there unex
pended balance $652 1886 II Of the appropriation for
labor and other expenses OF s bureau or this amount
in accordance with the act approved June 90 1873, the
sum OF S327,536 80 will be expended in the
purchase OF a site for and tho erection Of q
are-proof binding for the bureau. the work
on which IL now progressing satisfactorily and will
nme3 from The action OF Congress at its last session.
that holds that the engraving and printing OF the
safely In this bureau than IN private establish
work OF this description, except certain proprietary
stamps shall be done therein. The cost OF the Work is
less than one-half the prices previously paid A..
prices paid for the paper used Tor public securities are
greatly IN excess OF ITS cost ana proposals nave DSe
distinctive Character for this purpose, no action upon
which has yet been taken.
DISBURSEMENTS OF THE COMMISSIONERS OF THE
DISTRICT Of COLUMBIA
The act OF Congress OF last session providing per-
manent form OF government for the District OF
Columbia, committed Congress to appropriation for
the fiscal year ending June 80, 1870, and for future
years. so long said act should remain In
forge. ofs onehaf OF the expenses for the govern
ment OF said District estimates therefor should
be approved by Congress. II also provided that all
collected should be paid into the Treasury Of the
United States. and that they, well the appropr'
atons be made by Congress- should be dsbursed for
the expenses OF said District itcmized vouchers,
audited aud approved BY the auditor OF the District and
certified by said commissioners, majority OF them
and that the accounts OF said and the
taIcoectors, and oil other officers required TO account
should be settled and adjusted by the accounting Off
provision was however enacted the 365 bonds OF
the District ehOud be paid by the OF the Treas
ury and credited as paIt OF the appropriation for the
year. by the United States toward the Districts ex-
penses.
The act was approved June H. 1873 and the approval
was consequently too near the end OF the session OF
Congress have estimates prepared for the fiscal year
ending June 80 1873, III conformity to the PROVISIONS
OF said act.
The Commissioners OF the District had, however, on
the 2lst OF January, 1873, submitted estimates
4th OF June OF that for the general OF the
District for the fiscal year ending June 80, 1s79 and
Congress- by the sundry Civil Act approved June w
1873 appropriated for the general expenses OF the DIS
tr1ct 81 900 TO be dsbursed by the Commissioners
far purposes set forth IN said lastnamed estimates;
and Secretary 0f the Treasury authorized 10 al
the money thus appropriated such as. his Judg
ment might be necessary 10 carry the governments OF
the District, including accrning interest on bonds
ae are 10 be together parts scheme
of legislation It will be perceived that the disDurse
Incnis made by the commissoners are TO DO