Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-05

Z .
ton than ten dollars shall pc issue1'
The bank notes under this denonlna-
ton now outstanding amount 70 svh-
5s.f39, and there are also IN eircuia,lo
fGf, 51s,S3f In old United States lesal
tender notes. In denominations le9s
than ten dollars, s0.loa,els n treas 81
ny notes OF 1890, and Sl5l, ofhoh IN 81
yer certificates, making the aEBre stte
SSls,6ls,0s5 In small nntea, or "rly appus
slg.000.000 less than the entire issue OF
silver certificates,
The fact that our circulating medium
as composed OF 10 many dlnereni kinus
OF currency would seem - require the
enactment OF such legislation as VIII
provide a place IA which each can DC
safely ana conveniently. used and as
this can be done without DETERMINATION
against any Of them, u ought mol 70
be omitted from any plan which pro
poses permanent changes IN the sys-
tenn.
what Other Countries Do
The policy OF various other countries
IN this respect appears 10 have enabled
them 10 avoid the difficulties encounter
ed here In the attempt TO keep the less
valuable coins and thor representa-
tivcs In circulation without derange-
ment or the currency or disturbance OF
the public finances.
Great Britain. with s55b 100000 In gold
ana only SIZE 00O0 900 In silver none OF
which IL fun legal tendcr au horl2es
the issue Of no note VI less denomina-
ton than i've pounds equal to s2i73.
France. Belgium and Italy with $780,
100000 IN gold and S5ls, 100000 in legal
tender silver Issue no notes OF a less
denomination Gian twenty francs. 1856.
Holland. with s2iGOO00l In gold and
$53,iOOO 600 In legal tender silver Issues
no paper below twenty-five fOrlns,
equal to 1905 Spain, with $40 900 900
IN Eold and $4,000 900 IN legal tender
silver Issues nothing below twenty
I'VE pernttaA, or Ni2 Denmark, swe-
den. and Norway. with {2SO0DOO0 in
gold and Si2, 100 900 in legal tender Sill
YER nave no paper under ten crowns,
Or 42.6s; and Austria.Hungary with
NlSO OOo, 600 III gold aud {Si 100000 In le-
gu tender silver Is gradually retiring
AZ notes under ten crowns, or SlJi,
None OF these countries have nnv pa
per based exclusively upon silver. as
we nave. and consequently all pny-
ments made In sums less than the de-
nominations of notes mentioned must
De made IN actual coin. which would
npt be the case here II the recommen-
usit,on now made should be compiled
our stock Of fun legal tom
pronortinn - "Iser w
thnn In ms, ,ne Slogk OF 6ol1
except Holland Belgium and spain
ana yet we continue 10 obstruct their
circulation by the issue OF small United
states notes ana bank notes which
daily trnpgactin,s W, i'op't VI lhSlr
g ,r,u or certificates based upon them,
the act OF February s. 1881 which I'm.
tied silver certificates 10 drnoninn tinns
OF ten dollars ana over and unIS, th,.
act Of August iggG tubtch r.,,,,,,,,,I
that restriction ustlGcs tho belicf NM
the change now proposed would rogrit
In q greatly Increased ugo Of elivnr
coins and certlncnteg ana thnt thpv
would BE much less likely 10 return Ia
ana remain In the treasury than nj
present AZ the time Of tho passage
of The act last referred to permitting
the Issue OF silver certificates rcpre-
Nnntlng coin IN denominations Of ana
two und 1--WE dollars. ginndor1 sll,.r
dollars had accumulated In the treos-
ury 10 the amount of $50 Q5D $50 m.
though the total cnlnnve nm Ia mt
date was only s2s5.Gi99SG within ,n"r
months after thar date. olthoutrh 4, ,No
meantime the coinage was prorrrssiny
at the usual rate the amount Of frns
silver held In the treasury wns rc.
duced to STi ,i2a6GS. and II continued 10
decrease ON account nf the demand tor
reduced that further issues Of rcrtlfI-
Gates had to w. limited practically 10
the current colnairc Of the dollnta
urycnuc U,form
On b,.,,i,t,,. -.
seerr,l,r,, c',n,t,,,o.' y, NJ I'lorn inc