New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-05-01
STEALING From TIE COINAGE.

FRAUDS IN GOLD AND SILVER PIECES.
MANY SILVER CONS IN CALCULATIONS WITH HOLES
PUNCHED IN TueM-DEvIcEs OF swISDLERs AND
CoUSTRRFETERS.
Secretary Sherman some time ago drew at
tentun to large amount Of deaccd coins IN ctcun
tiOn, and the suiec; Was practically brought to the
notice Of TRIBUNE reporter recently. He ten
dered oil to CASHIER at the sinclair House and
received in change silver dollar half dollar ard q"rr
ter Each one OF those had hole punched through IT,
tho one IN the silver dollar beng large enough 10 allow
the reporters pencil to be passed t!o1E Now the uc
casiona appearance OF any Of lie smaller gold coins with
hole throu.h them cxcites suspicion. they
frequently used bangles and watch chains. hut few
people ever think Of maxim: ofnaTcnt,ou Of such CONS
as dimes and quarters. or the punhcroUs silver ccs of
larger value. Aud these were used FOX such ruro.o
II Wold not account for tie loss OF lciu 10 to - per
cent of the metal in the shape Of an una ghtIy h.
When people want make ornament or 4 coli, Jew
eler drills in 1t hole Just large enough tot;, thn
wire ting to IT, In each Of the three CONS alluded 10
ne rly one-tenh o; The metal was III sling ana thr holes
lad not been neatly bored. bat punched cut
OF course it has been punched Ou." observed the
cashier. "There IA no doubt somebody Duya thn III
tor tia; purpose, ard makes quite Good thing of II;
It's Il regular nuisance"
Has It increased VI latc3"
ITO the hest OF my heie! ii Is increasing Day.
receive at tins desb from - to lcO per diem, and i 2"
must DO more taken at he Other Cashiers d,sks because
1ule l lave had pcce. offered With the entire centre
pu,c ,q out and which, lac the japanese ErIde
10 thread a STRING were more IL ling tlan com
or course, II good customer offers them WIS cannot
very we'll refuse them, but they are o. u" uSo 10 as cy
crpt for change We get nd 81 mos OF tLelh ia that Ta
and tie rest we 4el 10 tic ukers dl1C0unt Of from
10 to Is per cent, Ter the banks refuse them"
Tho reporter uilerwaId mace Inquiries AZ vGriOus
tail places where silver coins received largely. Al
Daniels and several ether sorrs on broadway. ard ut
various restaurants and bariOOns tn same story
told of the inconvenience arising from this wholesale
mustiou OF COM The cashier at Nash Crooks said:
ar TIE TKTBUNE could attention the matter
such "A way as to induce people 10 stop taking theao
coins the whole commercial community would be gralo
full Idon't know how much we receive here, hut 1t IS
good deal We used TO endrayOr TO pass them out again,
bu now We don't take tho trouble We simply separsoit
from the silver send 70 the bank, and sell 1t 10
broker at depreciation 1t largely Increased lately
and somebody must he making profit out Of IT. II
overyody could induced to refuse 1t the thing would
quickly stop"
The cashier at the restaurant In Tile Tribune Building
saId: II have good deal Of 1t but manage 10 pay 1t
ont 10 the soda water man. the butcher or those PEG
n,e offer IL IN change, too. and gentleman refuses
n Immediately give him one without hO6 H. Yes,
there are SO many OF these punched coins IN circulation
now that people are getting down on It, and they wOnG
have IL II they can avoid u.
W H. Sweeney, OF Sweeney Brothers, Nassaust., who
do an xensiye business coin brokers, sad "Thcro
,s certainly largo amount OF coin now IN circulation
which is mutated in this way aud IT Is very likely that
persons arc punching the for profit but thore III
reason account for tho recent ncrease The
Government drawing silver c0in rom cEeuiaon ana
ali the cOus IL receives unmuiatedi therefore,
Om scarcity of silver CONS these muatou ones axe
generally accepted" IN nm 3D.,
and out or that $67 is mutated. TGat Is abOus he way
it runs The percentage was not :0rmefy 50 great as
that by any means We receive this nntiated coinage
at depreciation and there ATG one Or Two llcOrtWo 10
whom we IL sell It, They are the TN men VINO
viii bny IT, II had 10 melt 1t down it would not pay
more than rs cents on The dollar"
"Aro the gold coins much tampercd With 7" ...
sNot I'm tho way you mean. NOBODY would receive
n gold cola with IUc in 1t unless at depreciation,
aud this stops tine practice But there Is = tkIIluy
soUoy EXCEPT that they are little thicker than Tho
ordinary pieces would recognize then as counter
M some OF tho SIS gold coins nave Uccn Filed, too, bot
| I'm difrerent way, and these viii not ring" 80
''Is there much sweating Of Rod going on now e.
mo; very little. have On getting god CON non
the bank ami II Ia all sW this years coinage TIC Old
gold has withdrawn frOA TIE market, ana u II ue
GATED Ia value per cent The trouble we have Is
with bills in which there great scarcity. People
will have coin To any amounts IL 70 50 ibccnVcEn
| aid gold coins as SIX sonibs ago. Ont Of hHg
\ of 81 900 would then get dom or so; hat
think the fellows doing Kind Of business have been
pretty much scared out OF IT,"
J.F. Tandy. eoBaeesihe expert at the EcbTnasury
whoso duty II Is 70 scrutnize all coin the Government
RECEIVES gives Interesting IufoI mntion n Teged
20 co mage FRAUDS IN general. bul as " too method 81
steal1Dr portion by punching hole IN Il 10 had little
10 snv II have 10 dOabt Il "a dOEe 10 largo extent"
e said but get OF IL here hoy know tnat tie
GoyrTiment viii NOT rseeveft. Now here ia a psCkag"
S,om Me,Srs CcIgate OF 9OOO $1,000 OF that wa, IN
silver Upd $40 III IL mutiiHEed snd bad 10 Dc 20
tgrne. But not sing 0ns OF These per,s nsd hvis
is that II has AXcd weight ms IN other cUnlrlta The
gold coins have h9wever. new G4uoicSEe' lqr H.
Wheh they received is ODrbat VI ono pee scBt Tess
All gold c9s are received % maj @ueo Ca psaI ls S
been brought down 10 ust this minimum ar'iheiay as