Pine Bluff daily graphic., 1895-11-13
INVITING COLD COINS.
A CONSTANT STRUGGLE TO KEEP LIP
 WITH THE DEMAND.

ID eagles and double eagles, is going on at the Philadelphia mint these days as rapidly as other necessary coinage will permit. The government found itself in close quarters last winter, not only by the reduction of the net gold reserve in coin and bullion, but by the absolute ex, haustion of gold coin which legitimate ly belonged to the treasury. Coin was held against gold certificates, but con stituted trust fund which the govern ment had no right to touch. It was bor- rowed without consulting the owners. and greenbacks and Sherman notes were thereby redeemed in coin which could otherwise have been redeemed only in bullion.
 Secretary Carlisle determined not to be caught i'll this way again, and large quantities of bullion were transferred to the Philadelphia mint for coinage as soon as the crisis was over. Work is now going on to the extent of $3, 900, 900 or $4000, 900 month, and if there had been no withdrawals of coin the treasury would be many millions stron- ger ill this respect than in the spring.
 A net increase of coin can only be shown when the work at the hints is more rapid than the withdrawal of coin at the subtreasuries so that the bullion fund still stands at $55, 398, 800, and the coin which belongs to the govern ment is less than $3S. 900, 900.
 FrNT
 This IS a better showing by $2, 900, 900 than on Oct. and will be improv- ed by the end of the year, when gold withdrawals are again likely to become heavy.
 The government is constantly getting gold, but it is largely in the form of bullion fresh from the mines, which is deposited at the hints and assay offices The result IS constant struggle by the mint officials to keep pace with the withdrawals of gold coin. Gold coinage is executed at San Francisco to the amount of about $s0, 900. 900 per year, but the gold comes entirely from western hints and assay offices, and none is sent there from the east
 The recent closing of the New Or leans mint was misrepresented by one of the press associations as an important event connected with the coinage of standard silver dollars. This coinage was substantially suspended several months ago, and the closing of the mint was simply due to the exhaustion of the available appropriation which has been made for several years by congress for the loss in recoining worn pieces of sub sidiary silver. The subsidiary silver &C., cumulated for several years in the treas ury and could not be recoined without authority of law, because the face val ue of the pieces could not be reproduced from the worn coins fer the amounts recoined. This recoinage has now pro- gressed so far that the number of badly worn pieces is small, but the public signs that it is constantly demanding them in exchange for the old pieces, even where the latter have been little used.
 The fractional silver now in the treas ury is about SIS, 800, 900. but only small proportion of this is in worn coins. A part of the daily payments must necessarily be ill fractional silver, and it would probably require work ing balance of $7,000, 900 to $8, 900, 900 to cover this amount. One or two more appropriations by congress will proba ply clean up the excess of worn coins and reduce future requirements to small allowance to cover the average annual wear.
 The treasury is not now coining any silver dimes, for all abundant supply for years to come was turned out dur ing the craze for dime savings banks, which absorbed the little silver pieces as rapidly and completely as rat hole. The termination of the craze for banks threw the dimes back into circulation, and they have become somewhat of drug upon the market.
 Nickels are also in excess of demands, and none is coined from new bullion. Such nickels as drift into the treasury in very bad condition or of ancient de- sign are sent to Philadelphia and re- coined, but they form but small amount per month.
 Most of the subsidiary silver coinage is now carried on at Philadelphia, but the traces of silver found in gold bullion at San Francisco are permitted to be coined there.
 There is no pressing necessity for the coinage of standard silver dollars at present for the redemption of Sherman notes, although these redemptions have reached nearly $15. 900, 900 in standard silver dollars during the past two years. The present supply will meet the de- mands of this year, but further coinage may be required next summer or autumn to supply the usual demand for paying the pickers of cotton and moving the crops.
 There is considerable demand for pennies, and they a.e being turned out at Philadelphia in large numbers ABos- ton Herald.
 How Electricity yitalizes Trade.
 A single American copper mine has n l.na5x, .,ra5,,ood r1 000 Q00 paunds of