The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-02-21
IMPORTANT FACTS ABoUTTHB COIN
AGE OF SILVER.
To the Editor Of the Eagle.

To the Editor Of the Eagle
As YOU were kind enough to publish
an article of ours on the silver question
in the EAGLE of Feb. 4, venture 10 send
you few more facts on that important
subject which, am sure will interest
your readers.
The United States minis were started
in 1898. Between that year and 1906
about / ,437, 517 silver dollars were coined;
the largest number in any one year
coined was 425, 515 dollars.
From 1905 to 1895, period of thirty
years, no silver dollars were coined. In
1886 only 1000 were coined. There
were none coined in 1887 or in 1888. In
1889 only 800 were coined. From 1885
to 1S43 only 585, 023 were coined. From
1874 to 1873, when silver was demone-
TIED, about 6,007. 7J8 silver dollars were
coined. From the organization of the
mint in 1898 to the closing of the mint in
1873 by the demonetizing silver act, al
though silver was on an equality with
gold in coinage, only about sos, 31S
standard silver dollars were coined. The
largest amount coined in any one year
previous to 1873, was in 1871, when
LIS, 900 were coined. In 1872, the year
before it was demonetized, only 296, 900
silver dollars were coined.
The largest amount of gold coined in
any one year during this period was $685.
39J, 1888 in the year 1860, next 10 this
was $62, GA 400 in 1850. During 1873
the last year of equality of coinage of
gold and silver 1895, 900 of silver and
Sj7, 022, TAI of gold were coined. During
the four years after 1873 no silver dol
lars were coined. Let me repeat the
statement, that during all the years from
the organization Of the mint in 1893 to
the closing of the minis to silver in 1873,
silver was on an equality with gold IN
coinage, yet during the closing year of
this period over seven times as much
gold was coined in one single year as
there were of silver dollars coined III
the eighty previous years.
Now notice what changes took place
after compulsory coinage was adopted
in 1877. During the very first year of
compulsory coinage of silver our mints
rolled out % ,495, 500 silver dollars among
the people, thus giving them in one year
nearly three silver dollars for each one
dollar given them in eighty years
under free coinage. This large amount
gradually increased year by year until
81, 9S3, SIG silver dollars was made the !
peoples money in 1890. Under the |
present revised coinage act the year 1891 /
will give the people about $4,000, 600 |
silver dollars or their equiv lent in silver |
about six in one year to /
each in eighty years under free coinage. /
Notwithstanding these facts there are /
millions of voters clamoring loudly for |
the free coinage of silver.
Please notice the important and sig |
niticant changes that have taken place |
in the relative coinage of gold and silver
as compared with each under free
and compulsory coinage.
In 1872 under free coinage 500, 800 of /
silver dollars and S57, 022, TAB of gold was
coined. In 1890 under compulsory coin
age, 1928, SO silver dollars and only
S22, 021 ,749 Of gold We're coined.
During the last eight years under COM
)ulSory coinage about 49, $50, 775 more
silver dollars were coined than there was
If gold. The largest amount of gold
,ver coined in one year was in 1880
500, $50, $50 was coined. Since that year
he coinage of gold has diminished and
hat of silver has increased. The year
s91 will undoubtedly add 100000
lollars of silver to our circulation, and
ess than $2O,000,0OO of gold.
Any one doubling the correctness of
hese facts can by sending to the direct
n of the mint, obtain free of charges, a
opy of his report for 1890, and on pages
05, 207, and 211 will find tables by
which they can verify them.
DR.. T. +. MILLER,
Carthage, No.