Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1895-11-28

Frseses. a%a.i.-a a. Bxsaa.sav~ state
ra-at- t~s-rtag 49, Msul- E@ng- -
Neta.E~-Ts- Real GN~a.s-nsfiz4ftra -
SILVER rh- ss-aa R-~-rss-
NasHiNsro~. Nor. p The director
- The mint hAs Sul.mitlcd his report
h the secretary ef the treasury. cerer-
ing the operations % the mimts ard
assay of3crs OF the United states dur-
ing the fiscal wear sas. together with
the statistics Of forcign cunntris& rs-
lztiwe TO the prodaction and coinage 4
gold and silver and the monetary csa-
dition 81 each country.
The valne Of the gold and silver esti-
mated 10 have heen used in the in
dustrial arts during the calendar rear
lsas was approximately sei.ssl.ese. Of
which slo, sss s04 wRs gcld aud SO. -,
o. was silver.
The ct nAtcd metallic stock In Ia.
[ nited States on July /. iSs5. was
gold. scas. 80. -. silver. So, ss,J. asa.
total u s. .@se. 9ss. "a
The estimated preanei Of geld and
silver in the Unitea States during the
calendar rear 1885, was gold, 1. slasp
fne ounces. 81 Inc value Of SIS. 500. pe8.
silver. 81. goa ea8 aae ernoes. of the
c. Fnsncrcial value 81 SCI sss,l5a AM q
the coming vAlae e SO. 500 eoa
The estimated prod o. ction of the
world for the ealca4ar wear was. gold.
:, -. - hne ounc-s Of the value -
sl-a. 6ef, lee silver. 1G-. -. zGS fine
ounces % the coming value of ssis.-
81. 0e-commcrcial valnr. slDG So aaa.
Mr.. Preston gives an estimate ~ the
nppruxiFnate stock Of money in the
principal countries q the world Tie
places the stock q gsid At s.. tiss- -llsl.
oos the stock % fun legal tender sil-
yer al s. sza .;,B e1e stock 81 limited
tender silver Al sss.l. se0. 600. making a
total silver stock IN the world of
- ga sO0 eso9; the uncovered notes are
placrd nj s. sGa. saa. ao1
lie r-viers in his report the none
tary Legislation and EaonesArv system
Of the United States. cr,Earn- rsciny uith
the coming schrme "A ubmitted 10
congress BY Robert Norris. saFserin.en-
dent of finance. January "a. l7se. max
ing an analysis Of the report 81 Alex
ander Hamilton secretary Of the treas
ury, upon the estimate 81 n mint. sub
miti-d 10 the house ot representative
IN 1921, and upon which the act of
April .. 1--we. establishing n mint and
coinage system. was based
Mr.. Preston states that the r-al
deman-tiEaiiun ~ silver took place in
i-sg, when the wrighf - th- diri-
siouai eeius was rcdacrd af.sut per
cent This was not an accident ar
oversight u was expressly declared
In Tire huuse If representatives. that
the intention was --to make Essli the
sole standard - ralu IN large trans
aef i0ns. Aad silver snbscrvient 10 IL
fa,r ~aEsali ONES
The al - i--s sss only nominal.
and eonfarm-d the law - the actual
manstary clsndl l. e,n. a. far as the mr.
t4ll5c currency 81 the niiea Stafss
Ezas concerned, That had existed far
nsariy a quarter 81 a eentnrr
He N y thai tie carrency lass ag
4 the nit-d States. sInce Is-s. are not
only Inconsistent lsat esutrAaictssrv
obstructive of each oih,r>' operation.
and mutually destructive
( lie SAYS tisRt aa aaauary il Is-a. the
AAaAE FHA AaaH lfsa IA HtAttN 81 ~aNiEAf sAa H-
inents- tho oni = carreacr. except cain
4 cert tlcAt-s. required 10 he redeemed
I in gold caia. Was the S3ss GsI. aIr.
I legal trnder notes thea outstAad-
ing. Which the then secretary
/ of the treasury was % the orsinior that
4 the gold reserve Of sIBa gsl. ESQ vroald
t-e sufficient Ia maintain - long a.
1 there 4s ne Increase. buf the paper
/ currency red--esnahle on presentAtion
has t.-rn Increased % the extent Of
7 sias. s.a3a, a1a, issued IN payment 81 sil-
/ rrr ballaun Hsarchascd under the act q
July u l~ssL of these notes there
wsre outstanding on the 1t inst,
Slsl, ,ase.esa. making the total govern
meni obligations ~ money Sss-.--ss,-
ess6. reaeeEua bic On presentation
ASIDE from these. there we're ont
standing November ]. l-s5. S21a. 40.
s3s IN silver certificates and. A. the act
/ 81 IHiy "a. lslsa. declared Il 10 be the
esta hli>h.-d Policy ~ the United States
to maintain the two metals nj parifg :
with each other. upan the present
legal ratio, or sneh ratio a. may k,c
I provided by law. there WIS total Of
1 S-@l ..-.,1a - resting on the basis Of the
gold reserve q slaa. 0oa, 0ea. and IA or
der 10 MAINTAIN The parity between
tie tWo metals the government has
bern compelled 10 borrow sea 0aa aal
Z 10 gold xithin the past two FeArs