The Weekly Kansas chief. [volume] (Troy, Kan.) 1872-1918, 1881-11-10
Those 0uessionx

arise to explain, and am free to maintain Some
weeks since. through the columns of the CAief,
asked You or some Of its many readers to give infor
nation four financial questions which enter large
ly into the political economy of the United States
To date, no replyi
Since that time, have submitted the inquiries to
several other journals. and the Chicago Times has
given plain and satisfactory answers, and take
pleasure in sending you a copy for publication in the
Chief for the benefit Of its many readers. by pre-
serving the answer to the first question: any person
desirous to know easily calculate, in United
States values, the quotations in the English mar
kets Of our export productions. Answer TO the
proposition shows the comparative value of the coins
of the two countries, being l66 per 1000 parts
less pure than the English coins-all comparatively
Yours, truly,
A. W. wArERs
SEVERANCE KANSAS Sept. 2l-To TIE Eprror:-PIease
answer the following:
gold. in gold standard Of the United sta;esI
Why Is the value Of silver bullion fixed BY the London
J. Why does the United States government give draw
back duties on manufactured -pateexPOted when
4 What is the British standard Of guid coin oou,sareI
with the standard sold coin Of the United States
l. There siO pence in the pound sterling which is
worth by the official mint estimate, sIsd65 in standard
two hundred and fcreth part of this 10 be perfectly
exac) 20s770si cents The English shilling Is worth
twelve times much 81 3ss5 1t will be under
s;o Of that the actual coined penny is simply
token the material Of which brUnze Is worth only fac
toa Of the face value of the coin.
Because London is the greatest money market in the
world. IL has been justly called the worlds clearing
house. il would be strictly correct however say
that the value Of silver recorded there than Is
fixed there. The value is dependent upon demand and
supply Throughout the wor the resultant Of the conflict
ing forces il recorded in the London market because ii
trst becomes apparent in that great market
J. In the alphabetical list Of drawback rates Pubshc
by the Secretary of the Treasury September IL l7
mention Is made Of manufactures Of silver In i'm
ported manufactures Of silver should be exported after the
duties as TO 30 per cent? had been paid and before they
the duties less per cent would be allowed. And again,
IL American manufacturer Of plated imports
terals entering into his product upon which he pays duty
and aft-rward exports the finished product he is allowed
drawback equal to the duty paid Otherwise than
here stated the Times is that drawback
manufactures of silver is allowed None certainly Is al
lowed manufactures consisting almost wholly of silver
though the material may have been imported because
there is duty silver bullion
T. The weight of gold sovereign u 132i grains troy
The fneness OF Engsh gold coin IL g6.6 parts in 600
pure gold TIE Of American gold coin is 900 parts
In 600 pure gold To state it in a form easy To
member American standard coin Is nineteths fine and
British standard coin Is eleyentwehs fine very nearly
The only standard coin in England is Of gold We have
what Is called standard silver dollar though Il j. not in
fact standard and will be until 1t dispaces gold
and system becomes in fact silver monOmrt
allie is in fact gold monOmetallc- All gold
and silver coins of the hneness-nineten