Evening star. [volume] (Washington, D.C.) 1854-1972, 1880-09-18
Silver for Gold.

Tne following circular was to-day issued by
Secretary Sherman -" Until further notice the
L. :. assistant treasurer at New York will pay
out at his counter standard silver dollars or
silver certificates In sums OF $40, or any mul-
tpleS thereof, In exchange for like amounts Of
gold coin or gold bullion deposited with him.
Upon the receipt by the treasurer OF the United
States, in this city, OF an original certificate of
deposit Issued by the United States assistant
treasurer at New York, stating that there has
been deposited with him gold coin or gold bul-
lion In the sum OF $40, Or any multiple thereof.
payment OF a like amount in standard silver
oollaIs or silver certificates at the counter Of
any L. S. assistant treasurer designated by the
0epOsttor will be ordered"
The above circular is intended to supply ....
demand for notes. which is greater now than
can De conveniently supplied, owing to the Way
In which United States and national bank notes
are scattered. They cannot be gotten together
IoI the purposes OF crop movements. In New
orleans ana other cotton centerS in the south
the demand Is now especially great. and IL will
extend as the movement OF The crops sDread
over the north and west The issue of Us.
hOteS is always kept at the present figure IT.
cannot be Increased or decreased. The nations al
nanks cannon pro1tably increase their circula
ION, tl, as the purchase OF bonds at the present
ngh premium would not make such transac-
tion at all advisable. Qn order to increase this
Circulation the banks have to increase their de-
poslts OF Us bonds as security.) The circular viii
IN great measure relieve the money pressure
Under It's operations there will be three results.
l: Ihe increase OF the circulation of notes: q
Inougn not TO so great an extent as the in
crease OF the circulation OF standard silver dol
h tarsi and 3 the increase of the gold reserve Of
tne treasury. In making deposit OF gold coin
or bullion there will be issued Silver eerttfIcafes
or standard silver dollars. When the cerlifi-
cafes snail be presented for redemption they
NIL NIL OF course, be redeemed In standard silver
eoiiars. Another point I'm favor OF the money
market will be that by the deposit of gold cold
OF bullion In New York, exchange In notes (sii-
Ver certlncates) In any city where there is an
assistant treasurer can be had at par. There
Is Low premium on domestic exchange It
snouid ne noted that the increase In circulation
tnat VIII follow the execution of the circular.
VIII De upon gold basis. 1t Will be the tisut,
OF SILVER and silver certificates for gold
IA "A bCSKo PLAYEK KnLED.--At Celina, Ohin,
Mm CreStman, bunkO player, while stand.
Ing In John Murphy's saloon THURSDAY NIGHT.
was suddenly seized by some one unknoWn'
drawn quickly out OF the door. and struck on
the head with club with such Violence as TO
cause instant oeath. The murderer escaped.
THE TwO-YEAR-OLD COLT HINpOo has heen
purchased for SIS 600 by the Dwyer Brothers.
hfndo0 had brilliant career in the west win
ming seven stakes and about $40 900 for his
owner, but since then was beaten four times MT
Iatoga he Is largely engaged for stakes
next year.