Southern standard. (McMinnville, Tenn.) 1879-current, 1881-12-10
Tho United States Mint.
w.suIvoroN Novembe,

Unlteu states hllnJ lOr ING Hsoa' J0"i S''~N>
June 80, 1881, contains, in addition to the
customary detailed statements OF the opera
tons of the minis and assay offices, mucn
valuable information in regard to the pro-
duction Of precious metals in the United
States and in the world, their use In the
coinage Of this and foreign countries, con-
sumption in arts and manufactures, specie
circulation, and an examination OF the
course OF prices, comparing paper ana me
tallic circulation for q series OF nlty-sM |
wears with the percentage Of yearly prices 10 |
the mean prices OF staple articles, indicating |
the annual variations in the purchasing
price OF money. Gold and silver received
aud operated upon by all the mints anu
assay offices, exceeding by more than d0O,-
CO.,, zoo the receipts Of any previous year,
amounted to $226, 225, 522, OF which SlSa,.
81, 1C1 was gold, and s32,So4' AL
silver. This large increase was
due to the continued influx OF
gold from abroad, over $4,000, 0OO depos-
tied being from that source alone. Tne
coinage facilities Of the mints will be en-
listed to their fullest extent in converting
this bullion into coin. The gold coinage
amounted to S7S, 733, S64, of which $40, 3d.
500 was in double eagles, and the remainder
| in coins OF lie sser denominations. The COIN
| are of silver was confined to the minimum
value of silver bullion required to be coined
| nv the law authorizing the coinage OF the
standard silver dollar, $27, 637 .O55 OF which
were struck; OF subsidiary coins only Sl2,Oll
were coined, and Of base metal or minor
coins S4O5, 109. The total coinage OF silver
dollars since the passage OF the ACT LOT Inelr
coinage. ND to November /, WAS 400, 672,-
1O5, Of which S34, O96, 327 are in circulation,
and t5S, 1893, ITO held by the Treasury for me
| payment OF outstanding silver ceTtlhcateS,
leaving 81. 1877, sos for disbursement by the
Treasury in ordinary payments.
The usual examinations and settlements
were made at the close OF the year.
The report referring TO the probable res
toration Of silver to its former place In the
monetary circulation, says: I'm view OF the
failure OF the International Monetary Con-
ference to agree upon any practical meas
ure. and, while awaiting its future action,
il is question for our serious and early
consideration. whether it is not desirable TO
suspend further coinage OF silver until by
International agreement and effective legs.
lation unlimited coinage OF silver and goId
at common fixed rates shall nave been au-
thorized by the principal commercial Ma
tions Of Europe and America. Should the
$685., 900, 900 silver cola now full legal tender
in Europe be demonetzed, the United
States could not, single handed among
commercial Nations, with no European CO.
operation or allies, sustain the value OF sill
yer from an inevitable fall. With that dan
ger menacing us, we cannot, Without scri-
Gus embarrassment, continue such coinage
unless other commercial Nations will agree
upon the general use OF silver rs well as
gold.
1.-THE ratio Of 15X to one already APP
proved, and in use among the nations COM
posing the Latin Union, would doubtless
be chosen. This would cause, il the coinage
OF silver, as well as gold. at oil the minis
of the world were made free, as blmetallisn
implies, the voluntary withdrawal from
circulation of the standard dollars and theil
recoinage. In such case the further coin
are OF the silver dollars OF the present
weight, unless needed for circulation, is
useless expenditure" Director BurcharC
estimates the worlds production OF golC
for the calendar year 1881 at $l07 900 900
and Of silver $S7, 100000. The consumption
Of the world in ornamentation, manufact
ures and the arts is estimated for the SAM
period at $75, 1900 gold and 80, 0Oo, zoo sill
yer, The estimated circulation OF the princi
pal countries OF the world is placed at 20, 22l.
100000; full legal tender silver, -, l5J,
OOOO00: limited tenders, 1929, 900, 900
total specie, 81, 759, 900 900; paper, S3, 644.
600 000. making the total circulation, includ
ing the amount held in the Governments
treasures, banks, and in active circulation
= Sc, 403, 900 200. Upon the subject OF tb
course of prices, and indicating the annua
variations in the purchasing power OF mon
ey in the United States, the Director ha
prepared tables showing the average annua
prices in both gold and currency OF tn
leading staple articles in the New Sor
market for fifty six years, with the mea
price of each, and also the relation whic
the average annual price OF each articl
bears to the mean price for the whole teri
of years. The mean percentage for eac
wear OF all articles named furnishes a bas
}. FOR measuring the purchasing power {
money, and is instructively compared wit
= the per capita circulation and estimate
wealth for each year.
sS
"A Harvard College professor re
ports that out of 119 samples Of. wal
papers of various colors, all obtained il
n Boston, he found nearly Onethird POI
sonous; and out of sixteen samples G
tinted paper used in kindergarte
t. schools, cards, tickets, window-cul
tains, lamp shades, shades for the eyes
I. covers of books and boxes, wrapper!
- and variety of other purposes, and
some form met with in almost ever
: household, he found two-thirds poison
r Gus; and out of forty samples of DIRE:
goods and fabrics he found nearly on,
= = quarter poisonous; also, that within Ii
past few months he has found arsen
r. in children's toys, candles, writing p,
per, hat-lining, and various other art
=, cles. Laws similar to those enacted
: Illinois, Michigan, New York and Ne
Jersey are asked for.
Daughter (home from SCHOOL,
- Now, papa, are you satisfied Ju
n look at my testimonial Political eco
D. omy, satisfactory; fine arts and must
X r. very good; logic, excellent" Father.
K Very much so, my dear-especially
:, regards your future. If your husbar
n should understand anything of hous
keeping, cooking, mending and the u
of a sewing machine, perhaps your ma
p ried life will indeed be happy.
1t doesn't require pair OF hors
to DRAG out miserable existence