New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-12-02

| COIN.
The Secretary invites attention To the pressing neces
sitv for the rccoage of the subsidiary silver CONS OF ue
United states The decreased intrinsic Vanc ol hese
coins owing to the marked decline in the price OF silver
renders il advisable to increase their weight so that they
will to fractional sab divisions of the silver
| dollar ,- witt, c.o,oo ,roro
urt outhnrzod hy the act April @ 112. ana were "l
ull weight. being fractional portions or thc uoar oi
were some what overvalued IN that act, the weight OF
the dollar was changed by the act OF January ~ 1877
to tl2 grains aud the tnencss from s92i 10 oou the
weight Of the fractional silver CONS pehg chanseu Po
A. the hnlron value Of those coins stl greater
than their face value found necessary IN oer 10
sssp 1s IN , he r"r dollar of that day. rc act Of
February 81 1888, therefore, reduced ihe weigh. nt
In the reorganization of the coinage laws ny the ar oi
February - 1873 the weight o the lracliDnn rs, s,sr
metric system that law roNdlng 'hmt I'M "o nme
should wciS ~ sains wS mrans Wv Tn,s i, the law
w stated ahn,c rior ~ is7a the bullion value NJ the
s in tho frnrtinunl silver coins exceeded the nominal
,nnr Of the rins hut uwlug Ia the vcnc in The price
ri that metal the value Of the svcr IN two hot dollar,
~ the rrrson colnasc ~ oi one dollar w Any h,uoni
cents thls would socm o hc uut W amy just proportion
tu the face value ui thu culha a.
I, Ia estimated that thcm ave " ,he conntN ~ ,nS s
tine so,ue eeyepN i've milluns ~ aollts ~ nmt9na'
silver rnna ~ tho Natious wosh. ehd hnvhrsa' huhut,
them n,e held III the iltasuN, and 40 practically nna
valuable hs nh asset lh,tr puilnh oi un',n ~ W., '"
long rcrcd ~ Nrhrs ~ ncron'o ihrr bullion Nanr ~
~ toh,ns thcn ~ To- the ,HhN Mcish, lnrntuoaa,nM
u 600 Ooo onhCcf ~ SILVER . ,,. a.,
The rcasms which cNi,cd ~ The TINE Tor mHhlnf ne
tonal subsidiary lo the dollar nave otdh !"
exist aud ~ the price 81 silver nov "wcl ,nnn ~ ,s
time ,ncc me summer "i S,u n nn, bc ncr'led
Improve mcn IN these cons The WORK could hc elected
hy the nns during the next hye years, IN connection
vh thc regular coinage authorized iy law without an
increase OF force interference with snch regular con"
The tendency of all nations is improve and heanfy
the designs their coins ANA especially To make Them
rticihlc. There Il not only
a marked diversity in weight among 0nrcos OF thr same
Nominal value oG! lhy Are Nt Gr.i p Hnd "r va q"
artistic merit should Congress an horIe their rconase
"A much needed opportunity would be furnished for rrn
dcrng them creditabc as well as more uscini To
the country.
The hadedoilar
The Secretary suggests that the existence OF the
anomalous trade dollars should he no longer tolerated
Originally coined for purposes OF foregn tlaue' .Iu
given limited lcSacndcr quailty IN ihis country: 'ey
have ceased TO perform the function for which they
created.
10 ten are held various parts of the country awaiting
the action of Congress. Although inrin,ically more
valuable than the standard dollar their bullion value Is
now only 20 cents II 1t lie considered unfair or
mprlcticahc to accomplish their surrender at their
bullion value merely, small advance on that value
nigh be offered for them The offer should not remain
open longer than one year he "n pfaa Of he
Government 6n If the present silver law Is t" rsma I'm
now required to he purchased each month.
PUBLIC MONEYS
The monetary transactions Of the Government have
been conducted through offices OF the Treasurer OF
the United States nine assisont tcasiires, ana one
hundred and thirty-iv national bank dcpositarics
The gross receipts the Government. amounting drr
Ing the fiscal year shown by warrants TO S533t1I
75 o. (S2OG $40 OF which on account Oi loa.
were deposited as follows:
Ia Independent Treasury Offices Si"1 .G5s.G1l 90
III national bank dcpositaries l-''J',ooi "
Attention l. again invited to the crowded coma.
tion of the vaults the suh-trrasury Offices, occasonrd
the great accumulation of standard silver dollars ana re-
deemed fractional silver coins. The new vanlt Just com
nlced in the Office of the Treasurer Of he United states
Washington is the only ono now "Nallahc Tor inther
storage the vault AT NcwDrcans being needed Tor
the storage silver accumulated al that POINT ana mat
coined al the mint that city. The vaults o the oiccs
by transfers silver to Washington nut there mas per
no transfer vet from the Francisco once 10 the last
owing 10 the great cost OF Transportation anu ,ic %
quacy the pration from which such cost prop
Cry PAYABLE The assistant treasurer NJ Fan fll'l>c"
has reported that hts vaults are nearly ill ana mat
il further space IN his ono" avaapir Ia" inc
erection another vault He recommends the purchase
Of adjoining property for the purpose OF rrovdihS adj
tiUutl N9llt ROOM
There ar, also I1any millions nf standard silver dollars
I'm the mint Francisco which cucumber the vault
space required tn accommodate the current coinage ana
which should be transferred II the coinage of such
pieces * Ia lie continued there. even ia limited amount
rs present The cost OF slrftaton could Ice pad
the profit on their coinage. but they can he trans
feITed to Washington only ~ great expense, which the
Department feels reluctant to incur In view of the fact
that -ncl action would not distribute the coins get
thrn, i crculaton would simply change thr place
of their storage and render IL necessary hereafter
congress appropriate funds for their transportation
from the Treasury whenever the coins are distributed
throughout the country.
''' Standard sJccr doiiors
s,a,ouont show lne the amount -. standard silver dol
dsrs IN Inc several Treasury Offices utObr 81, 1854