New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-12-05
.e145. 6e4, Csc cog Oe4 600 c4o0. s49, 40

GoId and silver not divided but estimated from best
a TIE Commercial ana Fnancal Chronicle and Tine
In view Of these facts, there would 10 be no
sufficient reason for limiting the amount of silver
bullion which may be deposited for Treasury notes.
and there are strong reasons against such limitation
II deposits were limited TO S4.000.O0O worth yer
month me amount OF silver received might be s ofnG
what smaller ihan under the proposed measure, when
likes no limit hut the difference in the quantity de
posiea woula hsr1ly compensate, In my Judgment ior
the effect which the restriction would have on inc
silver market
Such restriction would have decided tendency
20 prevent The normal rise in price, because 1t nlg
leave surplus even OF our own product. counting
that which comes from Mexico T. this country, and
NE mere Tact OF there being limit to the amount tha
the United States would receive and issue notes upOI
would be constant menace 10 the price OF silver
would necesstats distribution OF the amount which
would be received at the different nnts of the United
States each month. that when the full amount
Of the quota fixed for any one Institution was null
no further deposits could be received that month
and the result might be 10 throw large stock on
the market in suoh localities. which, Of Itself, would
have tendency 10 depross the price
II. however. any limitation be thought necessary II
would seem preferable 10 restrict deposs 70 The
product Of our mines or The m.es Of this continent
foreign COIN and foreign melted coin. rather than
to limit the amount TO be received to specific
lie is a dun observer OF the condition and trend
OF public sentiment in this country who does not
realize that the continued use Of silver as money IN
70 which II may not be possible to find objections
This one is suggested with view TO promoting he
fu confidence that it viii secure all the advantages
hoped for from any 81 The plans proposed without
mourning their real or apprehended dangers
PRECIOUS METALS.
DEPOSITS.
The value of the gold deposited at tho minis and
ASSAY offices during the fiscal year 1850, was s4s.
90O712 o. Of which S6.764 ,o76 20 represents re-
deposits
OF the gold deposited. S31 44O.77s. 90 was the
product o. own mines: $G.5s3002 SO, foreien
coin and bullion s5s5,oGO 81, lightweight domestic
coin, and S3.526b0T 81. old material
The deposits and purchases Of silver aggregated
So e27 1880 standard ounces. OF the coping value %
1 457 100 o. Included IN the above arr 1922 "a
standard ounces Of the coming vauc Of S2l9 039 6e,
redcpCslts
OF the silver received. 32S0j $3.50 STANDARD
ounces Of the coming value OF sos, 275 064 20
classified domestic product.
Foreign silver bullion deposited 10 the amount
OF I,1s21l097 standard ounces. of tho coming faue
OF 81 375 547 30 and foreign silver COIN containing
3G4.750T standard ounces OF the value Of S424
4J7 Is.
Uncurrcnt subsidiary coins Of the United states
melted containing 43l ,449.Ol ssDdard ounces
Of the value Of 500. 049 70.
Trade dollars were melted containing 07I4o5
standard ounces, OF the coming value of $3.50 81.
and Old silver plate etc.. containing S55o26Ol
standard OF the coming value OF S640, 339 So
COINAGE.