Telegram-herald., 1891-06-28
'bIC SILVER DOLLARS
Their Coinage 70 be Discontinued
for the Present.
INCREASING DEsisD FOR DlxES
The A5nts % be werksd "A the hssaf~s-
tGre OF subsidiary Collisions IA
ters.tinx statissics-s2esa-
iasoxs Dis@ ppe1ntsA.

wssHiSeroS June s7.-The general
impression prevails in Official circles
that the action Of the ca iaet frsGay
postpoaes the consideration Of the con-
tinued coinage Of silver for the present.
In lien thereof trade dollar bullion VIII
be coined IN an amount equal 20
monthly coinage by the treasury during
the present s.sesl year, which has been
az the rate of bout so0a, coo ounces Of
silver per month
WAsHixGroN. June eT-The trade
dollar bullion which Is 20 be coined
into silver standard dollars is stored IL
the min,s ut Philadelphia ana New Or
leans IL results from The melting
into bars Of the trade dollars redeemed
az their face value under the act Of
March 5, 1851, providing for the re-
Gemption of all such ccins not mutt
lated. defaced or stamped. presented
within six months from date of the act
The total number redeemed was 7,osa.-
ESQ, portion of which have already
been coined into subsidiary coin
The act Of March 3, 1891, pro-
vided. however. that the balance
sDoutI NC tti-2tQ iiiNV -@-fts
dollars only and that this should be
done las soon as practicable" Owing
10 the mandatory coinage of :, 600, 900
ounces of silver. o. s3,5s5. Oou n
month until July j, 1891. under
the net of july Ia. 1880, il has
been impracticabis UP TO this time
10 coin the trads dollar bullion into
standard dollars The amount stored
at Philadelphia is 1855. sa5 fine ounces
and the amount ut New Orleans 3.oSs,-
$40 fine ounces. This will make III all
about 50, l48, PSI in standard silver doll
lars, a net profit above its cost of a
little over 5000. 600.
The trade dollar Weighed go grains.
while the standard dollar weighs 4i2X,
leaving margin of profit Of ~ grains
on each dollar rrcoincd. but as mat
ter of fac. the pieces were abrade9 by
wear about five grains each.
II will take from three TO
four months to execute this
rccoirage ut New Orleans and about
two months N coin the stock at Phila-
delphi. A large amount OF subsidiary
silver lad mint coins viii also have to
be recoined At .I'hsladeiphiA during
the same pexod The lost congress
made an appropriation of $3.50. ooo
for tho rccoinage of the urcurrent
fractional silver coin now in The
treasury. abraded below the limit Of
tolerance. This is about rs much az
has been appropriated Tor the last six
or seven years sltogetSe-. !. IS csti-
mated from what has already been re-
coined that che loss which this appro-
priation will reimburse will be about S
per cest-tha. Is. il will pay the loss
on the reec:naSe of 5roza $1,000. 900 to
-, 600. 900.
The demand for dimes continues un.
abated and mos: of the recoinage for
the present will Do of that dcnomina-
ton. although twenty -ive-cent pieces
may also DO coined Ut San Francisco.
The coinage Of dimes during the
last three years has been sS,1T6. AL,
or 81. sGA. no pieces, the principal part
of which was executed at the Phiiadcl.
phia mint. taxing that mint with its
cramped space to IT'S utmost capacity.
1t is proposed to distribute this coinage
between the minis at Sen Francisco,
Philadelphia and New Orleans
BY law the coinage of minor coin
one-cent aud five-cent pieces-is con-
fined TO the mint at Philadelphia This
coinage has been very heavy for sew
eral years past During the last three
years tha coinage OF five-cent pieces
amounted to So. 093. 16l, and the coinage
| of onc-cent pieces to 81, 3o5, 1914. making
total coinage of ITS, 49,. 4so pieces.
| This has all been absorbed by
the public, and there is every indi-
| cation that the demand for these coins
| will continue large fer months to come,
and add considerably 20 the work Of
the Philadelphia mint. The coinage at
| the minis at San Francisco and Carson
| City after July l will, DO confined to
| gold pieces and such re-coinage Of sub
| sidiary silver coins cs may be required
on the Pacific coast