New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-01
TREASURY NOTES AND sEIGNIoRAGE
SECRETARY CARrLsLE's REPLY TO SENATOR
suERMAN's QUESTIONS.

SECRETARY CARIISIE'S REPLY 10 HEN'iO"
suERMAN's QUESTIONS.
Washington Oct. S.-On October q Senator Sher-
man addressed letter to Secretary Carlisle In
which he asked the Secretary to advise MIN upon
the following points: What amount. II any, OF
tho Trea curry notes Of the act OF July H. 1870. have
heen redeemed In gold or silver coin? Has the
silver bullion purchased under authority OF tha'
act prior TO July l. 1891. been coined into standsrd
dollars and II So how many such dollars nave
been coined? Did any seSnioraSe accrue from
such coinage and If so. what disposition mas Deem
,rode NJ uo Has any silver bullion purchased been
coraJ into silver dollars since July l. 1891 ana II
so how many and what gain or seignicragr' II
any, has accrued. and has II been accounted LOT anu
paid into the Treasury? What has been the con-
struc,ion OF the Department in respect 10 se9h-
forage under the Bland act. and also under the
act OF July II. 1890? Ia such seigniorage repre-
scented by bullion coin in the Treasury ana II
so has II been expended current revenue?
This letter and Secretary Carlisles reply were
laid before the Senate yesterday. The iniorma-
ton furnished by the Secretary Is as follows
Treasury notes amounting to &e.395sD have been
redeemed In gold and S2.22ils2 In silver The
amount of silver bullion purchased from the date
rho law went into effect TO June 80 1881, was
IS 9o3ll3 fine ounces. costing NO5,i.l% From
August g. 1890 to June go 1891 there was consumed
of this bullion In the coinage Of 2I2Yi'' silver
dollars u lG9O23 fine ounces. costing s--'f'soo'
giving seigniOrage OF N5i+blf' OF tHls Selb"i'"ee
soi 49, wos used to reimburse the bullion fund OF
IN. mint for silver wasted and for silver SOLD In
sw.epings the balance being accounted Tor ana
paid into the Treasury.
or the silver bullion purchased under the ACT vi
July A. $780, the amount consumed IN coinage since
Julv 1897 has been G.SDs 232 fine ounces. costing
a. 2 3os The number OF silver dollars coined there
from has been S794 $40 giving seignorage OF - 49,,
s,s or this $1,000 paid out for various eX-
nensas and the remainder covered into the
Treasury and used in the payment or current eN-
pensts. .. A. co..o
The construction of the Department the Secre-
iary Saws in regard to accounting Tor the seiBnlor-
c1rance with Section 1926 of the revised statutes
and the same course was pursued IN accounting TOT
IN. seigniorage under the Act OF July H. 1897 untii
Sontember \ 1898 when the Secretarys attention
vision for the payment Of any expenses from the
seignorage but provided that any gam or seignior-
age shall be paid into the Treasury lnstruc-
lions were therefore given that no expenses what
ever should be- paid from such selgniorage All
seienorage so far paid into the Treasury h rs been
r.presented by coin There has been no coinage or
silver dollars since May, 1893. except SOU III PROOF
pieces The balance of silver bullion on hand
October l. 1893 was lS1G6G.2i5 fine ounces. costing
s2i sol i2G add to this say. l.S0.OoO ounces pur-
chased in October. and 1t will give a balance on
hand November l. 1896. OF lS9 i55,2j1 fine ounces.
costing Sl95 sss g29 The coming value OF this would
be $50 s2O,oos and the seeniorase, StSl oso
should iJOO0OD ounces be purchased 10 october !.
1891 at the present market price of n cents II
would cost s366}O0O The coining value of this
bullion would be S6j0Oo.0CJ. and the segniorage
s9S 30 900 This would make the total segniorag"
ON bullion to coined. So sol OSo and the sCS7C
of segniorage on bullion coined TO date would make
the aggregate seigniorage bullion purchased
under the Act OF 1890 $s9,71Sl7S.