New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-03

tS e net s sgresSe pdo GpeSy wa as @
monthly O Increase s 91rns that Period sos2a 1886 Per
Table No shows that for the last o ton yG STsrs es
aggregate increase has been St7so%9o GG ooa Per
monthly Increase for same period, So'0oo'''-' 49,
Table 30 shows that for the period of nineteen cen
months from March /. Isso. to october !, l0.0 inc
@gSeESte increase has been no ga Per
cspita Increase, about 81 so. .,., norsoo
Table No. shows that for the c0rrrspondngo Perez
Of nineteen months from March ls95 to 0cI"Der me
sss the asgregae decrease in ecn hnny % Gecce
for same period, Sl,l3O5oo Per capita uc''c"s'
mo sS Sa JUN sh2Ts s ea for ns PFf% S
increase of circulation in actual use among le PcoR
SSS.o54 $3.50. Average monthN IH'lo''~ i''
same period of three months, S24,7s4, -. ,, c,r
cnpt ee yaSg t Ia nsop In wa G aa partly by the
additions kinds Of partly by the re,i.e y
iarselv' by the polCes pursued by the Treasury De-
partmcnt The policy Of boarding in order to SHOW
decrease Of crcaiaton shown from March, 1s73, TO
October, 1886 The opposite policy OF n n9Ts ~
United bonds. and thereby saving iIterGsa; au
o. trsde largely accounts for the remarkable increase
in circulation during the last nineteen moh' a. s'o""
This fact viii be more readily understood by ne
statement that from March j. leo5 TO october ,G96
was $40 oce2oo, while for correspondent peT'oG iro"
MsS d 'a ac 70 redenpoa and purchase Of
S239, 10000. ~
In my last annual report, prtsth'tu' lOi wv ~
sideratOn Of Congress plan f." the uuLa'oh Vi 'o
silver product Of the United states
The measure proposed briefly tins To purchase.
at the marhet price, taf silver DuNloh poUuV n &
tender notes red, enable IN quAntt oi sANe! uuiol
eQuvae4 N value at TIC gate .. ~ WI, ,bc Gov
crnhcnt, or in silver dollars at the op'ion oil ue
III measure was suggested with view 10 promote
the Joint use Of .oid and silver o. money to ic'tasc
tn Volume Of paper currency by the nu;l addition
Of an amount cqusl 70 tie value o.. silver product
10 p.ovlde a home market lor the Amcllcan p.'uact
NIL t,Y'I mill ill., point We're reached coud
Win safety open minis TO the free coinage oil BON
'"' x bti em65GyHe, with some mobilization, the
measure suggested fsv0laby reported N We
House OF RCpr, seataves Of tn my mrs. IoIgcs'
from the Committee Colnas. Weights ana measures
AnH The ws hi % amended in tie by the subs;u
ton OF a free coinage mca>uic ~,
bin was passed and approved by the President july
l.. 1880 The essential provisions % Nh!fn are in
ounce, Of silver. The market prize u be p4a for
lcgal tender notes rcdee.dlIe III CON- c, %l '
rtc material points Of difference between tJe meas
ure recommended ana The ADOPTED b{ 'on4r>' are
that the new silver law HINTS thc pdrch~N 81 sli't'
I" J. 500 900 ounce, per month, without distinction a.
H. dome tc ard lorcicG pIDcuctipa insirdd d taxing
the entire silver bliAon prdqci o thc Hlyco 80
imi.4d.acly Oh TIE ,,-nrc q ~ li, Ir~ forms o
legaltcnder notes wcsc r.-nci IN ccnvt 'aI.GH. %
one, tHO, I'VE ten t"e,'t5' my, one ",G'v 80,
al the burau If hafr-ynr a"d i'rin lni o| wing %
III, fact that The rercl-oto hIl"t tF 49, MY .
bc.in thirty day after IL, pas &c Il :" nr''ssa.H
rraycd first bui. at tihs ume. sufficient supply Of
the smaller denOHinati'h~ "i note, az 49,, & an,
and Will be the policy II m department {" pay Ou.
small notes as practicable, in tit pd9chiSe oi
Limitations wcre also prepared inviting offers for
Tho .alc II silver for consideration ~ ne Ica,uIl
Department at O'Clock p H. on , Ton eS,f w. I
10 dI,irbuts the purchases ~ "'aF! - p's'''''
u-'s ;p me o,e,,:Dn, Of tbs law the amount Of
silver larcnas from August 10 $50 T. Deoen6er !,
49, o. 81 an aveic u sili4s per ms ounce
The price Of aiy'r adyan1'u r@puM a 49, c,rrt
Of the law had been larseS anticipated III u'e ADVANCE
IN t,'' fbp Isl Of Juy $500 price Of silver Wa
FL 040 Juy IL the pricc 'h aGV1"Geu - 81 ina
to Aggu n5,I H. pS cache; all"
since thai date there has been decline %.i I Son,
fluctuations TO the present time the price ia!H"e Z"
low S as fT, the fact that the advance N
H. Iiw has not lecn maintained. the secretary
vcnnr express the belief t4sJ ng ca g% and and ina
t,s hcrHicEi results Will eventually comi"cnd u |
general aP hpicf TO- really test the merit, Of The law
sUd the permanent effect which 1t VIII nave on vi
p1 %1c 81 hmc Is certain that has been The mean
of providing hcat ana ,hn n'GH ni, n| State
The amount Of Treasury notes issued on Ia'
chase Of silver bullon from august 10 I" 'oN'''0'
o:t 1900 has been $l-,-O1 - .o. ,, :,
1t must be apparent 70 any careful 9pe cn 90 m
movement Il silver, tHi the recent N'Ilu. "''' we
t0ns in he laIsa surplus Of from ZOO 900 - ~
T ToUpy pmrcha,a This downward tendency h.
tron materially a,os.cd by severe and almost co.,
,a" ascnmnIatSs in Inc first instance By the viii
holding from the market, by proHucrr, a'u 81 ~
S"W silver acs OF the current prolnct Of america
silver in the h9pt Of 'ecu nna aTgncn,ed bot
oy importations Of fo'e mort '''Gf GtI
falling ,.,S OIL occa.ioned doulteSs by the fact ha
n the purchases of silver under the new sNeI t ~
siFcrAby in excess OF The price Of silver IN Lli i
The imports into the tnt.d s,4tcs vi 1 T.ar bat
rom ; ;SS Inc cxrort, OF domestic silver by son
s775Ooo While for xr ec cSTre d "q nSo by son
a. $50 0OO A difference % Sl1olooOo' an 9h}'' ~,
0 ,he American marlet - TOO. in regard 20 .
movement Of silver from san Francisco 70 imv N fn
not one Of silver bucH mas neen spiS ~ nr
The drst of Nav. against an average eNp'T ~ pr y
wears of from 5Ooo,0oo 70 SlOOOooo 80 t t',ne !
brcentcG rs imports diminished by exports an
the current rent T[S Say from the npnthy purchases
me G"yernment. It Is probable that the cxl,uhs 'u
Plus Will and steady advance Of silver ~,
e tfe present. srpla, shond he 9 nmGGasG r,,
Wv y, ."v time accumulate an addhl0rN $40,
OF ,nvcc world result IN wide luctuaton, in prlc
iIss the law provided for the purchsse OF ony I
risd ~ the United states This surplus would ia
{cen absorbed ere this. and as none would have De-
imported for spccaiave n withdrawal S ~ the emf
slver product of orr mines and 1neltel> VA.
Amounts 10 nearly one half Of the worlds annual o
nut OF silver would probably soon create hioiIi
ahrosd and this in turn wOnld cause a sioMS a
permanent advance In price.
PRECIOUS METALs-DEPoSlTS AND PuhCh"sF
The value OF the gold deposited at the m'htN
assay offices during the fiscal year 1890 was S'''22
se3 SO OF which S6 565, 72e 80 rcdepoSitS.
OF the gold deposited. S3O,4749OO - was me pr
uct Of our mines 81 .690 7O6 %, foreign CON
bullion s853474 90. lightweight domestic gold co
and $3,5s2 Ola 81 old material - $500
The silver received aggregated 81 .435 .-,lI star
ounces Of the coming value OF S13 j65 .l35 10,
Guiding redeposlts 100 o52.S3 standard ounces
the value OF 5000 4I6 80.
az the silver received 3243o.15Os4 standard ouno