Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-08-28

Cuitcu StAteS, his arises from the
fact that the system is used be-
tween the United States and
Canada for commercial purposes.
while with European nations its
use Is confined almost wholly to social
purposes. From Germany, however,
considerable sums are sent to heirs as
balances due them in settlement Of
small estates, which helps to more near
~ equalize the accounts between the
two countries, aa
NEW COMMISSIONERS OF PATENTS.
| Advices from Washington under date
OF Aug. Goth say it is expected at the
interior department that Gen. Halbert
=. Paine, ex-memDer of congress from
Wisconsin, will accept the position of
commissioner Of patents, rendered to
him by Secretary Shurz, and will enter
upon the duties of that office as soon as
he shall have regaired his health.
Gen. Paine is now in the Vir-
gina mountains to recuperate. He
will probably return early in the
fall to take his new position. That Mr..
Spear is to be removed there is no
longer any doubt. 1t is stated upon re-
liable authority that his resignation has
been demanded, and although he had
in the past strong support among New
England public men, it is minated that
his New England supporters ore not
making strenuous efforts in his behalf.
Spear is now reported to be making
business arrangements in contempla-
ton of resignation from the
COmmissiOnership of Patents.
Gen. Paine's friends say that al
though he would prefer judicial posi-
ton which might be offered from pos
sible vacancy on the district bench
here, he would accept the commits
sionership of patents, as the resignation
Of Judge DIN is by no means certain
ty.
GOVERNMENT OFFICIALS AND THE CAM
PAIGN.
The National Republican, Washington,
on the 10Th inst, stated upon authority
that voters in the departments will be
granted the usual leaves of absence to
attend elections in their several states,
and further that the president has con-
tributed to the republican campaign
fund ever since he came into public
life. Last year he contributed $500 to
the Ohio fund and this year he has done
better and not yet done contributing.
Every member of the cabinet has also
contributed this year.
JUST LIKE THE UNITED STATES.
Washington advices Of the 10Th state
that Senior Zamacona, the Mexican
minister, having been asked whether he
anticipated war with the United States,
replied: "By no means. President
Dlaz IS very anxious to pre-
serve friendly relations with the United
States, and is dong everything in his
power to put down lawlessness on the
border, but the Mexican government is
like this country, it cannot at all times
keep perfect order in outlying and
sparsely inhabited states"
THE TRADE DOLLAR.
The treasury department has re-
ceived many communications from
manufacturers and bankers respecting
the circular of the director of the mint
relative to the value of the trade dollar.
They argue that the government has
been guilty Of little less than a swndle.
All seem to labor under the impression
trade dollar into circulation. To an
swer these complaints, It letter has
been prepared by r. E. Preston, acting
director Of the mint in the absence Of
DIR. Linderman, addressed to a western
banker. This letter traces the full his
tory of the trade-dollar legislation, and
shows that i was never intended for
home circulation. 1t was originally is
sued
WHEN ITS INTRINSIC VALUE WAS BLOB
47-1OO,
and all the government has to do with
its coinage is to coin it for persons
who deposit bullion, charging
them the exact cost of coinage.
The trade dollar now has
no legal-tender quality. although at one
time it was legal-tender for SIS. Most
of the trade dollars in circulation east
Of the Rocky Mountains have been
coined since the passage of the
act repeating its legal-tender qualities.
The government therefore, the mint
authorities say, is not swindle in de-
claring that the bullion of the trade
dollar is but 90 cents. At the date of
tlle IcltSI, aug. Ii. Vie dCllllS director
places the full value of the trade dollar
ut 90.4 cents.
TREASURY STATEMENT.
The following is the condition of the
treasury for the week ending Aug. II:
U. S. bonds to secure national bank
circulation. Observation-Disclosures $685. 155, $50
T. 5. bonds to secure public deposits. IL, $780, 400
L. S. bonds deposited for circulation
for the week ending to-day.......... /. go, 800
T. S bonds held for circulation, with
drawn week ending to-day.......... 1,2o2, 45O
National bank circulation outstand.
ing-currency notes ................ 800, 791, 7s5
Gold notes. NEUTRALITY-SUSPICIOUS.. !, 432, 40
Internal revenue receipts for the week 33s, 500