New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-22

600 OF CERTIFICATES CALLED FORA NEW MINT
NECESSARY.
lBY TELEGRAPH THE TRIBUNE
WASHINGTON, March 21.-The Secretary of the
Treasury has authorized the mints at Philadelphia.
San Francisco and Carson, and the Assay Office at
New-York to purchase silver bullion, in lots not ex-
ceeding 600 ounces at the equivalent of the Lon
don rate for coinage into standard silver dollars, pay
ment to be made in silver dollars soon as sufli-
cicnt number shall have been coined for the purpose
In the meantime, payment will be made at the
Western mnts and the Assay Office i'll New-fork, IN
gold coin This is intended to place holders Of small
lots of silver on the same footing with owners OF
large amounts and to use The silver dollars III
the purchase of bullion.
The Treasury received s. O 900 of the new coinage
to-day. The balance Of new silver dollars in the
vaults of the Treasury at noon to-day was Sl13oo.
The Bureau of Engraving and Printing will begin
the work of printing silver coin certificates to-
morrow morning. The 500 plate will first be
printed the 500 next and on through the series.
The style of engraving these certificates is
of very rich order, and is undoubtedly superior
even to That wrGn ega,en 1ercpt xcpete
The certificate will be substantially the size
of the lega-tcnder note and Will have printing on
both face and back. portion of the coin certlii-
Gates will he ready for circulation by the first OF
next month. The so certificate contains the head
of Robert Morris: The $50 ccrtIilcate the hcau OF
Stephen Decatur: the $50 certificate the head OF
Edward Everett the 800 certificate the head of
James Monroe: the $500 certificate the head of
head of WIN. l.. Marcy. The words " United
States, are engraved in small characters In
each letter of the word announcing the de-
nomination OF the certificate. Each certihcate dif-
fers from the other not merely IN the TACT OF nav
inc<a different vignette, hut i'll having different
STYLES of lettering and different varieties Of lathe
work and engraving. The same may be said OF the
workmanship upon the backs. there being differ
ent design and different forms OF lettering on each
OlGers have already been received from New
York for S. 200 900 of coin certificates OF different
denominations. :.
Washington for several days urging upon the Secre
tary of the Treasury and the Director OF the Mint
the necessity of establishing branch mint IN their
CITY, is greatly encouraged. IL learns from Dr. LIN
dernan that another mint will be necessary IN order
10 manufacture the new silver dollars as rapidly as
the Secretary now cOntempiates. Ut. Llhuerlnan
saws that the entire capacity OF tho san
Francisco Mint will be needed for the man
ufacture of trade dollars, and that TO sls-
pend the coming of these pieces would
greatly iuiure the commerce of the United states
Witf China If the mining of the trade dollars ~
not continued. DR.. Lnderman thinks the British
Government will establish a mint for Their manu-
facture at Sbanha or some other important point IN
China. The delegation appeared before tho Senate
Finance Committee to-day, and arguments were
made by Mr. Rdenour. president OF the BoaTd oil
Trade Professor Cox, State Ceologist and by Sei;-
tor Voorhees,. who introduced them, together with
Mr. Palmer and Postmaster Holloway, the other
members of the delegation