The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-04-29
Further particulars will be found elsewhere in

The Sun.
A circular issued from the Treasury Depart
mont this AFTERNOON calls the attention Of all
officers OF the United States charged with the
sale OF refupdng certificates to tho manifest
purpose OF the act Of Feb. &c. 1879. providing
Tor tho issue OF such certificates that they shall
be issued only to enable persons to invest small
sayings In Government securities. In the cir
four per cent bonds offered for sale had been
sold, and that these certificates would be re-
served Tor sale In sums not to exceed ono hun
advised that in consequence Of the rise in the
value OF four per cent. bonds. this intention Of
tho law has been evaded in some places for
speculative purposes with n view to the imme-
diato conversion OF the certificates in large
sums into bonds for sale. Where such evasion
is manifest. or whore any one person claims
more than 800. either for himself or others.
the certificates will be refused. and the author
ity OF any designated depQstary who fails to
enforce this circular will be withdrawn and
commissions will not be allowed on sales made
by him.
The Same circular further saws that hereafter
commiss Ions on sales will be allowed at tho rate
OF one-eiRhth OF one n cent. as heretofore but
only TO designated depostares for the sale OF
however. are in excess OF 10000 per day and
less than $4,000, the rates Of commission on
such excess shall be 81 per 81 600: and when in
excess OF $50 900 per day it shall be so cents per
$1,000 on the excess.
Owing to the great pressure upon the depart
ready subscribed for and the REDEMPTION of
called 500 and 1910 bonds, the conversion Of
reminding certificates into bonds will neces-
sarily be postponed until on and after July
next
The bill introduced to-day by Senator will
liams to regulate the legal value OF metallic
money TO provide for tho free coinage OF gold
and silver bullion, and to restore coin to crcu-
latton," proposes In its first section to make all
gold and silver coins-includng the trade dol
lnr-equaly legal te 1der to any amount and at
their nominal value; next that the silver dollar
OF 4l2S Troy grains OF silver nine-tenths fine
shall hereafter be the standard unit OF value (:
that all the subsidiary coins shall be exactly
proportionate to its weight and tncness; that
OF gold nine-tenths fine. and all other gold coins
includnga $50 piece Of proportionate value !;
that gold and silver bullion shall be purchased
by the United states mints at tho market price
and without restriction IA to amount. and be
paid for either in lawful money or IN coin certin
Gates OF deposit. which shall also be- legal ten
der. ana the resulting coins shall be paid out
for all demands on the Treasury. including in
terest on the public debt as fast as they can be
coined. The bill also provides that after $3.50
100000 OF silver coin shall have been issued the
Treasury Department shall provide for tho
casting Of silver bullion into bars. ingots and
disks OF standard nneness which shall be full
legal tender at the rate OF 4l2li Troy grains to
the dollar.
The House Committee on Coinage. Weights
and Measures held n four hours session to-day
on the bill recently introduced in the House by
Representative Warner Of Ohio relating TO
coinage. and the deposit Of coin and bullion in
tho Treasury for certificates. aud authorized
him to report It TO the House with favorable
recommendation. The bill. "a Il now stands
repeats so much OF the Revised Statutes which.
in 1873. made the gold dollar the unit Of value,
reesuiblishes the bi-metallic or double standard
Of gold and silver. max ing the standard weight
% $40 grains of gold the gold standard Of
value. and 4i2'i grains Of silver the silver
standard OF value: authorizes the Secretary Of
the Treasury to receive deposits OF gold or sill
yer coin and gold or silver bullion ut the Treas
ury. or at any assay office Of the United States.
in sums not less than 500. and 10 issue certin-
Gates therefor In denominations not less than
s. each. the same 10 correspond with The de-
nomination OF United States notes, and the GER
tiicates representing coin in the Treasury may
be used in the payment Of interest on the pub
lie debt. IL also permits any owner OF silver
bullion to ,depositthe same Mt any United States
Mint, to be formed into bar or coined into
standard silver dollars Of 4l2h grains Troy for
his benefit. and provides that no deposit OF sill
YER for other coinage shall be received. 1t
makes trade dollars eXchangeable for legal
standard dollars when presented To any United
States Mint in sums not less than $50. The last
section Of the bill requests the President Of the
United states to invite an international con-
vention for the purpose Of fixing the relative
value between gold and silver
The tonnage OF the anthracite coal carrying
companies for the week ending April 10 Is AS
follows: