Arizona weekly citizen., 1893-11-25

nlm upon the following points: What
 amount, if any, of the treasury notes of
 the act ofJuly 14, 1890. have been re-
 deemed in gold or silver coin? Has the
 silver bullion purchased under autho-
 rlty or that act, prior to July, 1, 1891
 been coined into standard dollars, and
 if so, how many such dollars have been
 coined? Did any seigniorage accrue
 from such coinage, an if so, what dis
 position has been made of it? Has any
 silver bullion purchased been coined
 into silver dollars since July l, 1891, and
 if so, how many and what gain or seigniorage, if any, has accrued, and has it been accounted for and paid into the
 treasury? What has been the construc-
 ton of the department in respect to seigniorage under the Bland act, and also under the act of July IA, 1890? Is such seigniorage represented by bullion or coin in the treasury, and if so, has it
 been expended as current revenue?
 Secretary Carlisle's reply is as follows
 Treasury notes amounting to S25, 5,395,-
 $40 have been redeemed in gold and S2, ,224, ,192 in silver. The amount of silver bullion purchased from the date the law went into effect to June 20, 1891, was 4S 1891 ,l13 fine Ouncee, costing $50 574, ,49S. From August 13, 1890, to June 30, 1891, there was consumed of this bullion in the coinage of 27,292,4 silver dollars, 2l,109,023 fine ounces, costing S22, ,747 ,S60, giving a seigniorage of S4,514,674; of this seigniorage S25, 5,466 WAS used to reimburse the bullion fund of the mint for silver wasted and for silver sold in sweepings, the balance being accounted for and paid into the treasury.
 Of the silver purchased under the act of July IA, 1890, the amount consumed ln coinage since July l, 1891, has been 6.3SS, ,232 fine ounces, costing S6,362, ,326 The number of silver dollars coined therefrom has been S,794,S10, giving seignlorage of S2,432,S43. Of thls Sll0,- GOO was paid out for various expenses, and the remainder was conveyed into the treasury and used in the payment of current expenses.
 The construction of the department, the secretary says, in regard to account ing for the seigDlorage under the Bland act. has been strictly in accordance with section 3526 of the revised statu tes, and the samecourse was pursued in account ing for the seigniorsge under the act of July 1, 1890, until Sept. g, 1893, when the secretary's attention was called to the fact that this act made no provision for the payment of any expenses from the seigorage, in provided that "any gain or seigniorage shall be paid into the treasury" Instructions were there fore given that no expenses whatever should be paid from such seiguiorage. All seigniorage so far paid into the treasury has been represented by com. There has been no coinage of silver dollars since May, 1893, except s200 in proof pieces. The balance of silver bullion on hand Oct. l, 1893. was 137,- 6G6,275 fine ounces, costing sl24,561 ,426; add to this, say 1,S00,000 ounces pur- chased in October, and it will give n balance on hand Nov. l. 1893, of 139, ,466,- 257 fine ounces, costing S125,SSS, ,929. The coining value of this would be $780, 320OOS, and the seigniorsge, S54, ,431 ,0SO.
 Should 4.500.000 ounces be purchased to October l, 1894, at the present market price of "A cents, it would cost S36,630.- poo. The coining value of this bullion would be s65.O00,OOO, and the seignIor- age S2S,370.000. This would make the total seigniorage on bullion to be coined, 582, ,S01 ,080, and the s6,977, ,09S of seignior- age on bullion coined to date would nake the aggregate seignlorage on bullion purchased under the act of 1890, 5S9,77S,17S.