The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-09-18
Secretary Carlisle Tolls What Has
Been Done by This Ad-
mInistration.
Ordor From the War Department
Relating to tho Disposition
of Troops
ouite a Number OF Changes Maidstone
Place Abandoned. aud others Made
RegimoaIal Posts.

wAsHmoroS. Sept. 17.-secfstAry Car
lisle to-day issued a statement concerning
the coinage of silver dollars under thh nd
ministtation, tho fooinaGo being undoi the
unrspealed potion Of the Sherman act. II
shows that since tho administration came
into power, I,057, 22B standard silver dollars
have boen coined OF which 520069 have
been seiRnioraee. Tho secretary sayG
while the law provides that redeemed
ttsaaury notes may be rsisauod. IL also i'm
posos nm expieaa Limitation upon the power
to Ieiasue By dsolA ing that no greater or
less amount OF such notes shall be ouistand-
ing az any time than the cost Of silycr bull
ion, aud standard silver dollars coined
tberefrom then held In the treasury. pur-
chased by such noses.
when such notss are redeemed in gold.
there are no obstacles In tho way Of the re-
issus OF same. because such redemption
does not Affect the stock OF silver held in
the treasury under the act Of July II. 1890.
but whom they are redeemed with silver
coined from bullion purchased undor that
ACT they must bs retired and cancelled, for
otherwise there would BE-, after redemption
and reissue. q greater amount OF notes out
standing than tho cost of the silver origin
ally purchased and held In the treasury.
and thls 10 expressly p'ohibitei by statute.
Tho purpose Of congress- was 10 prevent the
duplication Of currency. which would be
the case IL notes. md sllvsr purchased with
notes. could bo outstanding at the same
time.
Treasury notes received In ihs ordinary
eourse of business. or redeemed 10 gold, or
EXCHANGED for silver dollars not coined
from bulliou purchased under the act OF
July IA. 1890. arc not retiTei aud oan-
celed. All such motor are rsissued.
Prior 10 the first day of July,
1890. silver dollats TO the amount
Of S36. 318, 26i were coined from bullion
purchased. The so-callsd gain in seign-
forage arising from this coinage was $6.-
6s7, sos, which was paid into the treasury as
miscellaneous receipts, leaving go 4S0. 46l
TO be held as fund 10 provide for the re-
dsmption Of treasury noses ss provided by
law. Az the beginning OF the present ad-
ministration the sum of $29. $50. 46l was
still in the treasury. and Ntanja,d silver
dollars to the amount of Sl.591 223 have
bcen coined sineo that time. OF this last
sum, however. $020O19 was seigniornRe,
leaving 81. OF. IA to 10 hold in the treas-
ury. II nppea 3. therefore. the whole colin
age under the acs has been &3l. 006, iS7. and
that the amount to be held In the treasury
for redemption purchases was $50, 5J7. Goa.
OF this sum 81. 12l. .0OJ has been used In tho
reds m ption OF this notee, and that amount
hss been retirsd and cancelled.
"No Treasury note has been redeemed In
silver uniess silver was demanded. the
poliog and practioo Of the dspartnont hSv-
ing always been TO redeem In she kind of
money demanded by the holder OF note.
Presentation of Treasury notes for redsmp-
tion in silver began in August. 1873 when
there was areat scarcity of Gu rsncy of
oil kinds. and there was redeemed during
that month 81. .273, 267. VIII oh 10 the largest
amount that has besn presented during
any one month. As shown above. there
were held In the TREASURY al tho beginning
OF this Standardization S2J. 4S0. 46l in silvel
coined from bullion purch scd under the
act Of Julv IL, 1890. Notwithstanding the
fact tina. 81, l5724s hna boon coined since
that time. there a,s now on hsld only
Sc, ,250, ,72i."