New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-05


slys9 7s6
Increase. IL, 90
The increase In the circulation Of standard SILVER '
lara between November l. 1881. and November l. 1889
was less than a million and half OF dollars. Inv
amount coined during the same time was SZI'''Z'o'o
The supnly in the aggregate ana furnished yearly IN
much more than the demand.
Oftbe aboye amount held by the Treasury November
/ 1882 there were in the SubTreasury AT Ne"-iorA
ohout 81 o 600 600 and In vaults OF the Assistant
raosuror AZ san Francisco nearly $I4O00,G00, aud IN
the ,nInf at that place nearly S2'OogOoV, naAine
nearly s41,00GOOq IN san tfnedIcO thn ca for all
veT dollars for money thefe 'is Hlc nv 49,,
for the accumulation there non o' o tb ne peedeG
tt ~ silver dollars required by the law. AfIer
the silver dollars hud been coined there there was NOT
policy in bringing tren away ior httV WIS
satisfied call for them Jhl- coast, ara me eNlnr Oh
cIrrage Is great never than pr cent. Bes9Gs
that tHc vaIlts on this side arc inc"feIcy hA ~
the storage o what Is here ndecd the s'0fBe cap
OF The hints and other vaul'rOUm OF the GoFrrhutH
everywhere severely taxed. Their were on hAIln ~ h ",
fractional silver coin. Ia all, there were -AVo tens OF
silver coin etorea in the public ytuls. ,i 20 Tor
STANDARD silver dollars 5 Kept up ana lne "G' h o
them ior circulation dormant as nov" II WI, ~
serious question where ire treasury wiz '
Ano her reason Tor coinage ut IAN tranclsc"l ~,
thai ali the bullion for TIE monthly coinage require ny
tle market rate required by the law, ana tha pOIp
bouyat on Pacific side was coined There oecaise il
would cost to bring IL 10 ts SIDE ior coinage
even II there had been lini iacii'!es mercer m
l. 1881 was ABOUT -66,UcOr"p ANA lhc amount on
siauuIng November l. 1ss2 aDont 961'10nOOO me
coined during the year ended SoyomCer /. lss2 Inc
amount Of SILVER certificates outstanding las Cssvncu
during the same time. Judging IRON past eNpetlehce,
we need expect an Increased DEMAND i'f siNer
Inasmuoh a. by recent legislation the Secretary is re
ouired 10 issue gold certificates II il 10 Dc loOhtu 10Y
ot the mac Of me SILVER certificates will De 10 great
~,rt nnle5 Inv col certificates ~ the latter iur-
nshed in convenient denomipatOns; ana IL Is Jlsl 20
suppose that certificate payable com worth nat -
prr cent of It's nominal value VIII be displaced o. one
worth fully tts nominal valpe. ., ,. - ,,.
ia the idea vain hat the continued coinage % silver
dollars is not now required Tor circulation OF he or rs
basis Tor the sucn ceritcatts ana tna tne pol
icy OF the Government 80 Iar "a IL Was ntah' W
the price OF silver has not been successful
As was stated IN the report OF last SeF the ac rePui
ing the isue o. silver certificates hahiS tnti Icc.,J
BILE for customs ali public dues WSa par OF Tue lol
cy OF Congress m9intan the silhdard oil the SILVER
Tue OF iectiVns then urged TO tie of silver ccrth
Gates viz, INA, they iorm On lne1pedent ADDITION 10 ne
Inc purposes named for tnsI clr Iet Nauei that
there Is no OK the part Uf the GONelhmcht 10
aV The difference between their actual and nominal
v3luc aUd The emb iirdssnCntS ~mcn hise iloi .ne
enueayor 10 maintain several sah'drdS oi N"iue' SUN
IIere is lust now seemingly greater demand for all
yer dollars. IL is only seeming. Inc process Il ths
Gn,l H. deuost.d in New York tna by arrange
nent silver collars arc taken from the mint at new
Orleans. They not put into CIRCULATION TIey are
pOsi ed at once IL sab Treasury there, and silver
certificates taken TO meet immediate pre- sung heeds or
ness nands iu New-Oreaus tle process ABOVE ststeu
will probably cease as IA not looked Ior nat sNGr
certificates viii br sought rather than tue goid cerlh
cafes. process keeps the SILVER dollars Out VI the
Treasury biI. short ue and does 10. put thcm INTO
general Crcil!et on. 49,.
refer Tor more full hi cus-ion Of this subject 10 my
repOr OF last year. and repeat nv accommodation tndt
the provision for tue coinage OF liked amount OF
standard silver dollars each mouth De repealed ana tGe
Dcparneat he authorized to coin only so much as Will
be necessary TO supply tue demand ~,
The recommendation If renewed or me repeal OF the
act rcquirlug silver ncaes ana FOR law
authorizing measures for tneir carly re1fement Rom
circlIla1Oi. -,
The International Monetary Conference met In April
last. on the d.y which II had adjourned, ana ad
iOuIned again sine II Is not understood ta IL Ell
fecled any Important practical result.
GOLD CERTIFICATES.
Under the Of the last session OF Congress gold cor
hcates have prepared and have been issued, as is
shown in thus table: