The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-10-27

WAsHINGToN. ID. c., Oct.. 25. -Sccre
Itary Car Isle has sent to the Senate Z re
|ply 10 resolution asking him to iuforo
the Senate as approximately accursteI,
~ practicable OF the number OF coines
standard silver dollars Of our miutax,
under the laws OF 1878 and 1880 export
led and imported since February %
1873, the numb.r OF such dollars re-.
coined in our mints and the uunbe,
consumed 10 the United Ststes in iudus
trial uses. the amount Of gold takiaR tn
same course since 1878, and whether IN :
amount Of excess. II any, OF said export1
over imports, and the amount recoined
snd that used in the industrial arts have
been taken into account and deducted
from the total coinage in the estjmstee
OF such coins In existence in this couu.
try.
The secretary ssys that the number Of
silver dollars under these laws. exported
and imported, 10 not known, % returue
otdomestic coins exported or imported
are not entered ct the custom houses bv
denominations. The number Of dollars
coined under these laws deposited at
the mints for coinage in the country, ex-
cept on tho Pacific coast, and the esti.
mate comprised only the metallic stock
10 the treasury and in the Nstioua II
Bank. with an estimate OF $40 600 600
. the minimum Of gold coin iu uss on
lhs Pacific coast.
Since then the estimates have from
year 10 year been arrived at by adding
10 the stock Of gold coiu at that date
The annual coinage and imports less the
amount OF United States coinsge With
1rswn { e recoinage. exported, and the
amount estimated to have been used ia
The industrial arts. and then adding the
imports and coinage hes been SlS2 ole.
No estimate has been made Of doll.rs
:oined under these laws which we're
nsed 10 the industrial arts, bot Il 10 be.
loved that the nmuber is very email. q
70 much more bullion can be purchased
Tor dollar than II contains. and bullion
would De used In lieu Of coin whenever
I was practicable 10 obtain Il.
The amount Of United States gold
:oin exported from January I, 1870. 10
October I. 1898. wss S57l .66l. no. The
amount OF United States gold coin I'm
ported from January I, 1878, to October
!, 1893. was 8 3l26. 1885 Prior 10 Jan.
'sry, 1873. the imports Of United States
yold coin was not separated In the cue :.
om house returns from foreign gold.
The amount Of gold consumed in the
arts from 1870 TO 1892, iuclu.
i've. - estimated by the mint buresu
vas $50. $751; 900.
In estimating the amount Of silver
|ollars coined since February % 1873.
n the country no deductions have been
made either for exports or for use IN
be industrial arts in the United Ststes.
'or has there been any allowance for 70.
0insge, ~ II has heretofore been be.
ieved that the number Of silver dollars
e.coined In 1873 and prior years In cir.
uIstion exceeded the smount OF silver
|oIlars coined since 1878, exported.
e.coined, and used In the industrial
rts.
In estimating the stock OF gold coin n
he country, the amount exported and
e-coined. - we'll - the amount esti.
mated - used In the industrial arts OF
be United States IL deducted from the
ast estimate, while the amount imported
nd coined 10 added.
The starting point In estimating the
took OF gold coin In the United Ssstes
vss 1873 and that estimate was made by
director Of the Mint Lindemau. Al
bet period there was no gold coin IN
cfiva oiPcu1af10n