The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1893-09-13
ed from the two pillars on the reverse,
representing the 'iPi1lars of Hercu-
les" Called also the milled dollar
mi

les. Called also the milled dollar
from it's milled edges.) The weight
was fixed at 81 4-16 grains Of pure sill
yer, 412 grains standard silver. Colo
was directed to be coined in eagles,
half eagles and quarter eagles. The
ration was fixed between the two met
ais at l to Is, that is one pound Of
gold was equal in value to fifteen
pounds of silver. The first public
building erected under the Federal
Government was the mint in Phila-
delphia, where by Act, 1892, it
was put into operation by coming sill
yer half dimes. A few cents and half
cents, authorized by the Act, were
coined in 1898. In July, 1894, the
Bank of Maryland made the first de-
posit in silver French coins valued at
$80,715, which was coined into dol
lars and half dollars. The following
year, 1905, Boston mere liant depos-
tied some gold, which was coined into
half eagles.
By the Act of 1895, the director of
the mint was authorized in coming to
give the preference to. gold or silver
bullion deposited for coinage, so far as
respects the coinage Of the same, but
this in no way affected the Act Of
1892, that directed in the. exchange to
give silver coins for silver bullion, and
gold coins for gold bullion, weight for
weight. But the amount Of currency
was so small a. series Of SActs were
passed from time to time making Ger
tain foreign coins a legal tender. The
paper money issued under the charter
Of the first BankSof the United States
without a solidSbasis did not fill the
bill, and the Governments name
added no strength, not having the
gold and silver To- back it up. Besides
the Banko of England resumed specie
payments in 1873, and nearly all the
gold and silver had crossed the water.
The second BankSnf the United States
had been chartered, but the institu-
tion never found Favor with the Dem
ocratic party, and in 1882, when an
Act was passed to5extend its charter,
President jackson vetoed the bill.
Its days were numbered, and as it's
bills would necessarily be called in,
the time was ripeffor gold, which by
1884 had becometmore plentiful. Its
most conspicuous champion was the
celebrated Thomas AsBenton, of Mo-, /,
and on June 25, l934,the gold coinage
Act was passed, when gold went up
and silver went down. The ratio be-
tween gold and silver was changed l
to 1902. The eagle,Swhich contain
ed 247 4-8 grains ofspure gold under
the Act Of 1892, under this Act Of
1884 was made tc contain 232 grains
of pure gold, gain of5l5s4-8 grains in
favor of gold. In six years s18, ,OOO,-
900 in gold was coined, ,and the "Ben-
ton-mint-drops'' rolled like sweet
morsels into the pocketsyof the people.
In 1887 again Congress tinkered
with the currency. Silver was content
to take a subsidiary position. It's
tha aaaIo at:25o oro ;;nss s:s'sond ont of
1000 mart psrts' bv weight 800 was to be
pure metal and 100 alloy.
In 1849 again gold stood forth as
the recognized currencySof the coun-
try, and the mint was objected to coin
the gold dollar weighing 25 $40
grains Q-10 fine 22i22-100 heinz MIRO
ssn1d ~ '
eO1u' ~ 1899 Tho fyao o9;nooo of froo
t;ona, M l9;n co;nsss Cn steencd. nTI The - zvc;sbt
o Of tSe half balf do,Isy was fxed at 1sS
~ Grains @ nmarters Hines and balf dimes
st one.balf onasffth and onc-tenth
NJ ftIah alf dollar and made
= oIpuJ'. ianol +anJou oJ 49, s5 Tbese could
| b. go; sd n,,t aaIr :, ~, sumo 81 SIM IN
~ ovobanae pa,a for5snli coins nj | o. nor W. and tho
4 ie0 ot also ontbsy;ged MI the co;nase M If tho
a. ~ n;ace a.so FahrnsTu 9I T 1s57 Ihe le@aI
tender To- % of fora;SS co;ns | was taien
owoH o ond co;nsssiof half cents ston.
ned In 1sS5tSsltbree zee cent niece was
! nth luth ho,31ed and .tIa words "Gn God we
Trustn 1uG ordered @ 12 4nsbe e slammed m coins,
~ Wv w ,eess.,, ~, M
May 10, looo.Sbtne nlcAie was a"-
Inorizeo 10 De ';s2lil colneo'
February 12,4l873, silver was qui-
city laid aside. As the heathen Chi
nese had his heart set on silver, the
Trade DollarWa authorlzed-420
specially 5for the Chinese.
Owners OF silver. bullion OF Sl00
worth, could get,lOO Trade Dollars
N exchange; Ihe champions OF Sill
yer called this demonetlzlng silver.
In 1915 Congress declared the Trade
Dollar no longer 9 legal tender. The
aggregate amount. OF Trade Dol
ars" issued underline Act OF 1873 IS
ixed at about $50, 1868 1t is
stated that about lfour-6fths were cx-
ported. The dollar found so few
friends, after being kicked from pillar
% pest, was bought up by its own
fathers" at seventy.fve cents on the
iollar, and redeemed by the govern
ncnt at one hundred cents on the dol
lollar. Ii any one besides kepubll-
sans ever got the benefit OF that short
'ut to wealth, ne still remains IN OBJ
curlty.
July u, 1876, silver began knock
ng Tor re-admlttance. Inc secretary
II the areasury l caS nyo was authorlzco 10 Is
'ue slo,ooo,ooo IN e1caange 1or an
'qual amount OF legal tenoer notes,
'nd was authorized to purchase Ger
ain abount OF silver bullion at the