The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1889-10-15
BIG DEMAND FOR Sill YER
Radical Changes In tho Views Of Treas
ufy 0mcials On the Question.
The C~rtincsse. Are Ruaniag short and
the Prospects Arc That More
Coinage Muss ss~ Rssd
Before Long.

CHicAGo. Oct. IA special from WASH
ington says: Much interest has been cx-
cited here and i'm New York over the sub
icct Of the policy of the administration as
to silver coinage by the report published
this morning spi,at il WAS likely the
monthly p,irsh hass of bullion would bc in-
creased at least temporarily from two tn
four millions u month. Those " wlio should
know most about i say il is not at all
probable, that sIlc present status will t,e
disturbed unless congress DIRECTS; that
Notwithstanding the law provides there
shall bc S2,OD,GU coined monthly.
this amount MAY, at the sli.ss- -rrtion Of the
secretary of the treasury. i,e increased
to S.VU,UO month. Secretary
Window il disinclincd To change
the present policy and will leave il at
S2.OD.OuD in the absence. of further con-
grcssional direction. Congress- will b.. in
session i'm about seven weeks, and al
though the Sbs,mand for silver ccrt firateS.
which are issued of the denominations of
one aud two -deilarrs and upwards il in
crtasing. and the supply as the b,I-y sea-
soii approaches decreases. Congress- will
have an opporuas'ity to take action before
any Inconvenience to commercial circles
is Inflicted. In the under strata of 6the
Treasury Department an impression cx-
lists. however, that circumstances point to
the necessity of increasing the monthly
coinage aud Issue. OF certificates. A
tr9aslr,y official said to-day: "The whole
STORY of silver can he found in the
TREASURY statement showing the coi,sii-
tion of our silver. BY il we see that
ttt uet stAUNltFNi SlItsr III the
nry in July. iss, was sa.GD.ooO
81 100000. In July. 1sss. IL was S43,uD.Oo.
In July, 1Ss9. il was S21.OD,UO, and
October lOth il was hut <,.aD.OD. These
comparisons show that il is hut ~ question
of "a few months when the demand for
silver certificates will be greater than the
supply. whatSssaS be done with congress-
socloss. upon us cannot bc SAID Int that
something will have to I've done il clear.
| The business OF the country is brisk at
this season of the year and the people
| must have more for the circulating me
| dunn.
| "This immense output OF silver currency
| can be accounted for i'm part by the r.tir,-
| nsut of national bank circulation. The
| national banks do not furnish the rirt'uis,-
| tion needed bS ule country, and as the
| government il called upon to do il
meets the demand 10y issuing silver ccr-
| tificates of small denomination supply
| meeting the requirements of trade. There
| il no doubt i'm my mind that the situations
| point clearly to am immediate prospect of
| am increased purs'has. OF silver to meet
| the actual wants of the country"
| The view OF a treasury official on the
| silver question shows the radical cliaug
| which has taken place ON this subject iI,
| financial or treasury circles. where not
| three years ago there was AN appeal made
| compulsory coinage. Whatever tn. action
| may bs. by either the treasury department
| or congress during the next six months or
| year, il will tend to enlarge rather than
| contract thv circulating medium that
| the outlook is favorable for even AN
| easier money market than we have "a,
| present.