New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-03
GOLD AVAILABLE FOR COIN IN 1853 AND 1890

GOLD AVAILABLE FOR COIN IN 1853 AND 1890.
TO the Editor OF The Tribune
Sir: You deny my claim that the present Weld OF
our gold mines. and above our needs and uses in the
mechanic arts, is Onequarter what II in 1853. and
assert that it is one-alf large win you allow me
briefly 10 sustain my position, so that neither The
Tribune nor the writer mAy aid in disorng Of the
facts of our history or in disappearing our monetary
condition. Yon give our present Weld OF gold as
amounting to 931 ,70j361 and allow S15,0000O0 as
available for coinage. which leaves SlG,7053Gl tas the
Industrial consumption In 1853 we had a population
Of 900 900 and god product IS given SG5 000
600. Does any intelligent reader old enough to re-
member the condition of business at that time believe
that over So 900 needed and nsCd In the arts
or that $4,000 900 was not available for coinage
against the present amount Of 900. stated in
The Trbncl Had the entire product OF both gold and
silver mined in 1883 been coined IL would have fur
nlshcd 81 80 additional money for each person. Hike
coinage Of the total product OF gold and silver for 800
would have been ~ 40. The amount OF gold for
coinage exclusive OF the supposed industrial cOnnmp-
ton was go 30 per capita in 1853 The gold product
OF 1900 gave but % cents and the combined product
Of both metals less than ~ per capita exclusive Of
rhanical uses II Is easy TO see. II are no. wllfuy
blind that unless convert our total product Of both
mcals into money I'm danger OF losing orr specie
cold and silver coin. Even the bullion held in the
Treasury under the act OF July, $780, be used
until II become money under the difficult and de-
laying process Of coinage, which gives II fixed instead
Of speculative value. the only one II possesses
The question not which IL the most convenient kind
Of money. but how 10 secure and keep an adequate
supply Of any kind Of money resting on coin basis
The Tribune must know that as or minis are at pres
ent taxed to their u capacity, until they enlarged
the term unlimited coinage is a msnomer.
Jersey City. July 25, 1891 c. p BENEDICT.
TIE MILITARY RECORD OF ONE FAMILY
TO the Editor Of The Tribune.
sir: In August. 1eG1 Lewis Hacl5wGrth and his
three sons, Morgan C., Gabriel S. and william C.,
left their homes Scarborough Anderson County,
Tenn. crossed the Cumberland Mountains into the
state Of Kentucky, whore the father, Morgan c. and
Gabriel 5. enlisted In the 1st Tennessee (FederaI
Infantry commanded for three years by Colonel r. X.
Byrd, william &. being rejected on account OF age
and sEiallness OF stature. He only fourteen
years old at that time. When refused musket, he
accepted team. which he drove until he could ex-
change it for musiet lie then volunteered In the
regiment with his father and brothers and served 10
the close Of the war. After participating IN many
battles, beginning at Fishing Creek KY ard ending
at Atlanta, Ca the father and two older sons were
DISCHARGED having seryd three years the term Of
their enlistment Dnnni their term OF service
are st living. each one drawing A small pension In
consideration OF pat services They are stu true
never absent when election held and they al
ways vote the Republican ticket May their lives
be prolonged and their good work continued until
Rebelsm Is eStcrminated in this once happy land
Treevlle, Knox County. Tenn, July a5, 1901
PENNSYLVANIA RAILWAY STATION BURNED.
Mount Holly, " j., Aug. 2.-The Pennsylvania Rail
road C5,npanys freight and passenger station at Vim
eentOwn entirely destroyed by fro this morning.
together with one freight and lot Of freight Loss
$4,000.