The state republican. (Jefferson City, Mo.) 1871-1896, 1894-09-27

e5'S 'e'op cOPpOihpOh tOouipOu
in first degree murder, wholly upon
circumstantial evidence. Attorney
Gosser, for the defense, applied for
new trial and arrest of judgement,
on the plea of insanity, holding that
Schmous dearly loved his little
daughter, and that the $52 insurance
on their lives could not possibly have
been a determining influence in their
murder. The supreme court was
also vainly appealed to.
George Ducovicks, who was to be
hanged with him, has been tenn
porarily reprieved pending investi-
CATION as to his sanity.
COINAGE OF SILVER.
Secretary Oarlisle-mede a state
ment concerning the coinage of silver
dollars under this administration,
the coinage being under the unre
pealed portion of the Sherman act.
1t shows that since the administra-
ton, came in to power 1857, 1928
standard silver dollars have been
coined, of which $40, ,O97 have been
seignorage. The secretary says:
"While the law provides that
redeemed treasury notes may be
reissued, it also imposes an express
limitation upon the power to reissue
by declaring that mo greater or less
amount of such notes shall be out
standing at any time than the cost
of the silver bullion and the standard
silver dollars coined therefrom than
held in the treasury purchased by
such notes. When such notes are
redeemed in gold there is no obsta
Gle in the way of their reissue, be-
; cause such redemption does not
affect the stock of silver held in the
treasury under the act of July IA,
1890; but when they are redeemed
with silver coined from the bullion
purchased under that act, they must
be retired and cancelled, for other
wise there would be, after the re-
demdtion and reissue, greater
amount of notes outstanding than
the cost of the silver originally pur-
chased and then held in the treasury,
and this is expressly prohibited by
the law. purpose of congress was
to prevent the duplication of the
currency, which would be the case
If the notes and the silver purchased
with the notes could be outstanding
at the same time. Treasury notes
received in the ordinary course of
business, or redeemed in gold or
exchanged for silver dollars, not
coined from bullion purchased under
the act of July ID, 1890 are not
retired and cancelled. All such
notes are ressued. Prior to the
first day of July, 1890, silver dollars
to the amount of 36,31S,2 1854 were
coined from the bullion purchased
under that act.
The SO called gain or seigniorage
arising from this coinage was
So, ,S67, ,803, which was paid into the
treasury as a miscellaneous receipt,
leaving $29, ,48O,641 to be held as a
fund to provide for the redemption
of the treasury notes, as provided
by law. AT the beginning of the
present administration this sum of
500, ,4S0, ,461 was still in the treasury,
and standard silver dollars to the
amount of s1,597,2 1928 have been
coined since that time. OF this last
sum, s520,079 was seigniorage, leav-
ing 81, ,077, 144 to be held in the treas =
ury. 1t appears, therefore, that the
whole coinage under the act has
been $37, ,905, ,485 and that the amount
to be held in the treasury for re-
demption purposes was $50, ,557, ,605 ;
of this sum, 81, 121, 900 has been used
in the redemption of the notes, and
that amount has been retired and
cancelled.
"No treasury note has been re-
A. | t., a,I ct
demanded, the policy and practice
of the dedartment having always
been to redeem in the kind of money
demanded by the holder of note
The presentation of treasury note,
for redemption in silver began il
August, 1878, when there was {
great scarcity of currency Of anal
denominations, and there was re
deemed during that month $1,273,
267, which is the largest amour
that has been presented during an.
one month.
"As shown above, there were hell
In the treasury at the beginning o
this administration $29, ,4S0,s41 Ii
! silver, coined from the bullion pur
chased under the act of July II, 1890
Notwithstanding the fact that 81 /, l57
1913 have been coined since that time
there are now on hand only $26, 189,
724."
Z THE THEORY VERIFIED.
From Life.