Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1894-09-20
SILVER COINAGE.
The Number of Dollars Minted Un-
der the Present Regime.
SECRETARY CiRLISLE'S STATEMENT.
A Movement on Foot for the Importation
of American Cattle into Switzerland
Consul Germain's Report
on the Subject.

on the Subject.
WASHINGTON, Sept. IS. = Secretary
Carlisle yesterday made statement
concerning the coinage OF silver dol
lars under this administration, the
coinage being under the unrepealed
portion Of the Sherman act 1t shows
that since the administration came
into power 1917, 1928 standard silver dol.
lars have been coined Of which $50, OGa
have been seignioragc. The secretary
says:
While the law provides that redeemed treas
ury notes may be relssued 1t also imposes on
express Limitation upon the power to reissue
by declaring that mo greater or less amount Of
such notes shall be outstanding Ut any time
than the cost Of the silver bullion and the
standard silver dollars coined thcreform then
held In the treasury purchased by such notes. +"
When such notes are redeemed in gold there is
no obstacle In the way Of their reissue, because
such redemption does not affect the stock OF
silver held 10 the treasury under the act Of July
li.is90 but they are redeemed with silver
coined from the bullion purchased under that
net they must be retired and Cancelled, for
otherwise there would be, after the redemp-
tlon and reissue, o greater amount Of notes
outstanding than the cost Of The silver origi-
naly purchased and then held In the treasury,
and this Is expressly prohibited by the statute
The purpose OF congress was TO prevent the
duplication Of the currency, which would be
the case II the notes md the silver purchased
with the notes could DO outstanding ut the
same time,
Treasury rotes received In the ordinary
course Of business, or redeemed In gold or ex-
changed for silver dollars not coined from
bullion purchased under the act Of July Il,
lsV0, are not retired and cancelled. All such
notes are relssued. Prior to the list day Of
July 1891 silver dollars 10 the amount Of So 3d.
2Bl were coined from the bullion purchased
under that net. The so-called gain orseignlor-
nge arising from this coinage was 1885, 1903,
which was paid Into the treasury as misce-
laneons receipts, leaving s.oi3lijl TO be held
MS o fund TO provide for the redemption OF the
treasury notes, as provided by law.
~ Wv o'7'hifhb VI VIZ pitnuHt ahiiint9tiN-
tlon this sum Of SO, 1,lGl was still In the
treasury and standard silver dollars to the
amount Of n ,5J7 s93 have been coined since that
time. On this last sum, however, $1,000 was
sclgniorage, leaving SlO7Ilil to be held in the
treasury. 1t appears therefore, that the whsle
coinage under the act has bcel 31Oli,is7, and
that the amount TO be held la the treasury for
redemption purposes Wai 3),lj7 SO; OF this
SUN I,l!l0 his been used In the redemption
Of the notes md that amount has been retirel
md cameo cl
No treasury note has been redeemed in sil-
vcrulleSa silver was demand ID, the policy and
practice OF the department having always been
TO redeem In the kind Of money demanded by
the holder Of tho note, Tho presentation Of
Treasury note, for redemption in silver began
In August lsiS, when there was u great
scarcity Of currency Of small denominations,
un there was redeemed during that month
sL.Sa6l which Is the largest amount that has
been presented during any one month.
AS shown above there were held In the
treasury NJ the beginning OF this admnlstra-
tl0n 1890 M In silver coined from the bullion
purchased under the act OF July II, 1893. Not
with,tandng the fact that sl,lj7ss3 have been
coined since that time, there are now on hand
only e6lsg.T?i
CATTLE FOR SWITZERLAND.
WASHINGTON, Sept. lS.--A movement
for the importation of American cattle
into switzerland has been set on foot
indirectly through the instrumentality
of Mr.. Eugene GerInain, the United
States consul ut Zurich. Not long ago
Mr.. German sent to the state depart
ment a report entitled Prospects for
American Beef in Switzerland" 1t
was printed in the New York
Stats zeitung, copy Of which
rcuchel the Zurich public library, The
article was brought to the attention of
the lIauern lIunl, Il farmers organiza-
ton, and meeting was called with a
view to taking steps to secure young
American cattle to replenish the sta
bles of the farmers who are badly in
need Of such stock. Negotiations are
under way which, the consul believes,
will result in committee being sent
to America toinvestigate and, II found
practicable, to purchase young cattle
for shipment to Switzerland.
Consul German has sent to the de-
partmcnt IN extract from an article re-
Gently published in a Hamburg live
stock Journal descriptive of the arrival
of the steamship Prussia from New
York July q with $40 head of live
beeves and the carcasses of $50 shipped
in quarters, Several shipments of live
becyes had been made a few years be-
fore, but for some cause the business
was discontinued. With the success of
the Prussia's trip, the Hamburg Jour-
nal says the question Of importing live
American beef cattle as well as beef
has received new impetus
The Prussia is the first of five new
steamers built by the IIamburg-Ameri-
can packet company for this business,
each to have carrying capacity of 400 |
head Of cattle.
This first trip lasted fourteen days, |
the animals were fed with hay and |
corn and landed in good condition.
The Hamburg journal says; at is to
be expected thnt German agrarians
will oppose these importations, but
1t will meet with the approval of
the consumers and allow the
poorer classes to eat meat, which at
present is bepond their reach. 1t is to
be hoped that these importations will
make good progress. Experience has
shown that the quality of the Amer
lean meat is as good as the best Ger
man and that in general American cat
tie are healthier than German cattle
and it is acknowledged that tuber-
culosis is rarely found among the
American CATTLE