Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1894-09-20
SILVER COINAGE.
The Number Of Dollars Minted IN
der the Present Regime.
SECRETARY CsRLISLE'S STATEMENT.
"A Movement Foot for the Importation
of American Cattle into Switzerland
Consul Germain's Report
the Subject.

Carlisle yesterday made statement
concerning the coinage of silver dol
lars under this Administrative the
coinage being under the unrepeaIed
portion of the Sherman act. 1t shows
that since the administration came
into power ,597, 223 standard silver dol
lars have been coined, of which $40, 069
have been seigniorage. The secretary
says:
While the law provides that redeemed treas
ury 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 outstanding at any time
than the cost of the silver bullion and the
standard silver dollars coined thereform then
held in the treasury purchased by such notes
When such notes are redeemed in gold there is
obstacle in the way of their reissue, because
such redemption does not affect the stock OF
silver held in the treasury under the act OF July
H 1890: but,when they are redeemed with silver
coined from the bullion purchased under that
act, they must be retired and Cancelled, Tor
otherwise there would be, after the redemp-
ton and reissue, a greater amount OF notes
outstanding than the cost of the silver or1g1-
nally 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 if the notes and the silver purchased
same time.
Treasury notes received in the ordinary
course of business, or redeemed in gold ex-
changed for silver dollars not coined from
bullion, purchased under the act of July IA,
1880, are not retired and Cancelled. All such
notes reissued Prior to the 1st day OF
July 1884, silver dollars to the amount of $685.
264 were coined from the bullion purchased
under that act. The so-called gain or seignior-
age arising from this coinage was S5,867 S03,
which was paid into the treasury miscel-
1aneous receipts, leaving 500, 4S0 461 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 administra-
ton this of 500 ,480, 461 still in the
treasury and standard silver dollars to the
amount Of 81 1873 have been coined since that
time. OF this last sum, however, $520,079 was
Seigniorage, leaving 81 or IA to be held in the
treasury. It appears, therefore, that the whole
coinage under the act has been S37,9)5,487, and
that the amount to be held in the treasury for
redemption purposes was S30557, sos; of this
sum 81 900 has been used in the redemption
of the notes AID that amount has been retired
and cance-cd.
No treasury note has been redeemed in sill
yer unless silver demanded the policy and
practice of the department having always been
to redeem in the kind of money demanded by
the holder of the note. The presentation of
treasury notes for redemption in silver began
an August, 1878, when there was great
scarcity of currency of small denominations,
and there was redeemed during that month
SS1,273,267, which is the largest amount that has
been presented during any month.
AS shown above there were held in the
treasury at the beginning of this administra-
ton S29 $50 461 in silver coined from the bullion
purchased under the act of July IA, 1890. Not
understanding the fact that 81 ,157,223 have been
coined since that time, there are now on hand
only $50, 189, 724.
CATTLE FOR SWITZERLAND.
WASHINGTON, Sept. 1S.-A movement
for the importation of American cattle
into Switzerland has been set on foot
indirectly through the instrumenta1ity
of Mr.. Eugene German, the United
States consul at Zurich. Not long ago
Mr.. German sent to the state depart
Inent a report entitled Prospects for
American Beef in Switzerland 1t
was printed in the New York
reached the Zurich public library The
article was brought to the attention of
the Bauern Bund, a farmers organiza-
tion, and meeting was called with
view to taking steps to secure young
American cattle to replenish the sta
sbIes of the farmers who are badly in
need of such stock. Negotiations are
under way which, the consul believes,
will result in a committee being sent
to America to investigate and, if found
practicable. to purchase young cattle
for shipment to Switzerland.
Consul German has sent to the de-
partment an 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 81 with $40 head of live
beeves and the carcasses of $50 shipped
in quarters Several shipments of live
beeVes 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
3nal says the question of importing live
American beef cattle as we'll as beef
has received new impetus.
The Prussia is the first of five new
steamers built by the Hamburg-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: ''It is to
he expected that 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. It is to
De 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