The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1893-12-09

ounces OF silver, which cost $l26. 57S.2IS.
Our total coinage OF all metals du ing
the last fiscal year consisted Of:
r. &c '------- .---- ny
Vain .---...-'.-----.--- ff,,ssSiss 10
God Cain- 49, W W
silver dol aS7i5 10
sub~idiars silver coins. -...........- ,2l.,y 80
Minor s,olu ................ .Oss ios 80
During the calender year 1892 the pro-
duciion OF precious metals in the United
States WIS estimated 10 he:
Fine ounces gold. .. 1.hof $50
pne "ii'es siiref-.;..--. ---'--'--.-, % Uoo ,sn
Baiion or market vaiae .'Wo
Cob age value ...-.-... 7i.ssaes $40
II IL estimated that on July ]. 1898.
| the metallic -iork ui money ia the Uni et
States. consisting OF coin and bnllion.
amounted IA 81 2l3 55i 1859. "f which
| 1877 .sq7 GS5 Was gold and s6l5,Sjl .4sI
| SILVER.
THE NATIONAL pASKs.
One hundred and nineteen nationsl
| banks were organized during tie wear
cn,l.,l Deinber5i, 1877; with capital Of
III 2n.Wi. fod.--,x ~cnt int, volun-
,arv liquiiaii IA and l5S suspended. OF
tn. suspended tanks o. yer. insov N.
| Sc rp-u,ne.i business. anil rem nned in
| the hand al hank examiners With pros
| pNt IL vi eItSthN ~ WV wv ."
,.t.s." .nia, 1. ~ were iaaiel in tine
Eastern states, al acst "f il,e Mississippi
| rtv.r ami ~ IA the J,ntral and southern
.tai-s. rhr total number al national
| banks in exl, tsiite O,'toh~r 81. 1888. WAS
- q. having AN sggr,gat. capital OF
| Gas SIS, l2l The net inc'ease in the
| cir-u ,aIion o! these banks during the
year was $50 $40 1913.
EFFECT or REPEAL
The recent repeal OF the provision OF
the Law requiring the purha Of silver
bull,on 10y the government. as feature
Of our monetary scheme, makes change
in the complexion Of our currency
Affairs. do not doubt that the ulti-
mate result OF this act will be most salu-
,arv and far-reaching. In the nature
Of things, however, il is impossible to
know at this time what conditions will
be brought about by the change, OF
what, il any. supplementary legislation
may, in the light OF such conditions,
appear to be essential or expedient. OF
course, after the recent financial pertur
baton. time il necessary for the re-es-
adjustment OF business confidence
When, however, through this restored
con tidence, the money which has beer
frightened into hiding places is returned
to trade and enterprise, q survey OF ths
situation will probably disclose a SAT,
path leading to q permanently eonnc
currency abundantly sufficient to NEE
every requirement Of our increasing
population and business. In the pursui
Of this object We should resolutely turn
away from alluring and temporary ex
pedients, determined to he content will
nothing less than lasting and compre
hensivc financial plan. In these circum
stances am confident that a reasonable
delay in dealing with this subject, in
stead Of being injurious, will increas
the probability OF wise action.
THE BRUSSELS CONFERENCE.
8 The monetary conference. which as
sembled at Brussels upon our invita-
! ton, was adjourned to November 50, il
the present year. The consideration
a Just stated, and the fact that definit
! proposit on from the United State
seemed to be expected on the reassem
bling OF the conference, led me TO ex
7 press a willingness to have the meetin
I still further postponed. 1t seems to m
, that it would be wise to give geners
authority to the president to invit
other nations to such 4 conference 4
, any time when there should I've a TAI
, prospect of accomplishing an interns
). tional agreement on the subject Of coir
. ase.
ISSUE OF BONDS.
desire also to earnestly suggest III
. wisdom of amending t. e exist ny stat
u,es in regard to the issuance OF govern
/ ment bonds. The authority now veste
in the secretary Of tie treasury to issu
bonds Ia not as clear as it should h,
4 and the bombs authorized are disadvRr
|, tageous. both as to their maturity an
rate Of interest.