Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-10-22
DEMAND FOR SMALL NOTES.
Relief Expected November 1, When
They VIII BE Paid for Bullion.

Complaint comes to the Treasury Depart
ment from business men all over the country
about the scarcity Of paper money of small de-
nominations-of one and two-dollar bills-and
that in consequence they have been compelled
to accept and use the bulky and incon-
venient standard silver dollars The fact
is that the silver fund balance in the Treasury
ID very low and that there is practically no sill
yer in the Treasury against which silver cir
tihcates can be Issued in small denominations
to be exchanged for legal tender and gold
notes rs was done year ago. Up to date
1916, AIS, ,466 in standard silver dollars have
been coined, OF which amount S64 900. .OO0 in
round numbers, are in circulation, and $685.
OOO, 900 are held to secure that amount of silver
certificates in circulation; about $4,000, 900
are held as Treasury cash, leaving only
about $500, 900 against which new silver certii-
Gates can be issued. With this explanation it
may be understood easily why small silver GER
tificates are not likely to be issued. The de-
mand for small notes is increasing daily and is
likely to continue until the holidays are over
Some considerable relief. however, is likely
to come from the issue of the new Treas
ury notes in payment for silver bullion.
SO far tho new notes have been
issued only in denominations of ten. one hun
dred and one thousand dollars. but Treasurer
Huston says that he will be ready to issue the
new ones and fves by November /, and that
the department will then begin to pay for sill
yer bullion in small bills as much as possible
After that time it is believed that the business
demands for small notes will be promptly met
NICKEL AND STEEL FOR THE NAVY The
chief of the ordnance bureau OF the Navy De-
partment is giving his attention at present to
the procurement of tho nickel ore and matte
for which Congress appropriated Sl.000, ,000
Representatives Of the firms which deal largely
in this ore and metal have been in communica-
ton with the department. and to ascertain the
exact capacity Of our domestic nickel works
several competent steel experts have been sent
by the depar rtment to various parts of the coun-
try. Chief Folger OF the ordnance bureau in
tends to ascertain the possibilities Of the alloy
of steel and nickel in other branches of naval
construction, as we'll as in the manufacture of
armor plate, in which 1t has already shown
such creditable qualities, 80 that he is prepar-
ing to have made at the Washington navy yard
q series Of tests, which will include proof trials
Of projectiles made from the new alloy, as we'll
as the usual tests Of elasticity, breaking
strength. ductility, &c.
NAVAL ORDERs-Chaplain Thomas A. Gill
has been ordered to the training ship Ports
mouth Chaplain A. L. Royce, to the training
ship jamestown. Passed Assistant Engineer A.
F. Dixon, to the New York navy yard. Chief
Engineer John A Scot, detached from the En-
terprise and placed on waiting orders. Passed
Assistant Engineer G. ]. Habighurst, from the
forktown ana oroereu 10 the enterprise. As
sistant Engineer Howard Gage, from duty in
the bureau of steam engineering and ordered
to special duty at Cramps works. Assistant
Engineer @. J. Rommell, from the New York
navy yard and ordered to the Yorktown. As
sistant Engineer Frank Hibbs, from duty at the
Union iron works, San Francisco, and ordered
to q special course Of study in naval architec-
ture at Glasgow, Scotland Assistant Naval
Constructor Lloyd Bankson and Geo. w. Street,
from special duty at Paris France, and or
dered to return home and report at the Navy
Department