The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-08-12
FACTS FOR VOTERS
WHO ARE In DOUBT
Official Data Bearing Upon the Vexing
Currency Question.
ALL ABOUT SILVER AND GOLD
Here IL IL Mass Of Statistics Of Great
Value to All Who Are Interested in
the study Of the Financial Problem.
Prepared by the Treasury Depart.
Ment.

formation in relation to the financial
question have been presented to the
United States treasury department
that Secretary Carlisle has taken ref
Use In printed circular giving all the
facts at his command. Below is a syn
opsis Of this circular:
There are ten different kinds Of
money in circulation in the United
States, namely: Gold coin. standard
silver dollars. subsidiary silver. gold
certificates, silver certificates, Treas
ury notes issued under the act OF July
IA. 1890. United States notes (also
called Sreenback and legal tendcrs),
national bank notes and nickel and
bronze coins. These forms of money
ere all available us circulation. While
they do not all possess the full legal
tender quality, each kind has such at
tributes as to give Il currency. The
status of each kind is as follows:
Gold coin is legal tender at it's nomi-
nal or face value for all debts, public
ana private. when not below the stand
ard weight and limit Of tolerance pre-
scr,bed by law. and when below such
STANDARD and limit of tolerance 1t is
legal tender in proportion to it's weight.
sioiiuilu SilNtt uplldlS are legal teI
der at their nominal or face value in
payment of all debts, public and pri-
vate, without regard - the amount.
except where otherwise expressly stip-
uluted III the contract.
subsidiary silver is legal ender for
amounts not exceeding so in any one
payment.
Treasury notes of the act of July Il.
1890, are legal tender Tor all debts. pub
lie and private. except where other
wise expressly stipulated in the con-
tract
United States notes are legal tender
for all debts. public and private, ex-
cept duties on imports and interest on
the public debt.
Cold certificates. silver certificates
and national bank notes are not legal
tender, but both classes of certificates
are receivable for all public dues. while
national bank notes are receivable for
all public dues, except duties on i'm
ports, and may be paid out by the gov
eminent for all salaries and other
debts and demands owing by the Uni
ted states To individuals, corporations
and associations within the United
states. EXCEPT interest on the public
debt, and in redemption of the national
currency. All national banks are re-
quired bv law to receive the notes of
other national banks at Uar
The minor coins of nickel and copper
are legal tender L. the extent of %
cents.
GOLD COINS.
The coinage of legal tender gold was
l,..,Hi
lassed by congress April >. 1892.
The gold unit of value is the dollar,
which contains "5.S grains of standard
gold 800 fine. Gold is now coined in
denominations of $3.50. 81. SO and $40.
called respectively quarter eagles. half
eagles, eagles. ana double eagles.
The total coinage of gold by the
mints of the United States from 1892
10 June 80. 1896. is Sl.Sl4 692, ,253. of
which it Is estimated that $567, ,931 ,S23
is still in existence as coin in the
United States. while the remainder, ST.
2iG.iG0.i30, has been exported or con-
sumcd in the fine arts. The gold bull
lion now in the United States amounts
to $a2,2GS, ,955 1t will be seen that more
than twu-thirds of the gold coins struck
al The mints of the United States have
disa appeared from circulation.
SILVER COINS.
The silver unit is the dollar. which
contains 4l2ai grains of standard silver
900 fine The amount of fine silver in
the dollar is 3IlL grains. and there are
4iil grains of copper alloy. The stand
ard silver dollar was first authorized
by the act Of April ., 1892. It's weight
COO a.. t,I
amount coined from 1872 to 1873 was
SS.o3l 2aS. and the amount coined from
1873 to June 30. 1896. was $780, 79O, 041.
The coinage ratio between gold and
silver under the act of 1892 was Is to l.
hut by the act of 1897 it was changed
To l59SS to commonly called IL to ~.
This is the present ratio.
OF the $3.50. 100, ,o4i standard silver dol
lars coined since February. 1873. there
were held in the treasury June 30. 1896.
$3IS,6l4043, and the amount outside the
treasury was $52, ,l75,9gS. Silver certif-
Gates to the amount of S342 .619 ,5O4 have
lrvn Issued against that amount of
tnr standard silver dollars held In the
treasury. The commercial value of an
ounce cf Zine silver June 30. 1896. was
SO.699i. and the commercial value of the
silver in the silver dollar on that date
was 53.5j cents.
PAPER MONEY.
The first paper money ever issued by
the government of the United States
was authorized by the acts Of July II
and August S. 1861 The notes issued
were called demand notes" because
they We're payable on demand at GER
designated sub-treasurcs. They We're
receivable for all public dues. and the
secretary was authorized to reissue
them when received: but the rimc
within which such reissues might be
made was limited to- December II. 1862.
The amount authorized by thess acts
was s5O.000,000 An additional issue of
$4,000. 900 was authorized by the act of
Feb. 12. 1862. and there Were reissues
amounting to 100000. The demand
notes were paid in gold when present
cd for redemption and they We're re-
ceived for all public dues, and these
two qualities prevented their depraciI-
ton.
All other United States notes were
deprecated in value from 1862 until the
resumption of specie payments. The
act of Feb. %. 1862. provided for the
substitution of United States notes in
place Of the demand notes. and they
were. Therefore. Cancelled when received.
By July /, 1853, all except $3,770,000 had
been retired. and nearly three millions
ut this small remair.er Were Cancelled
during tho next f''cai year. These
notes wers rot legal tender when first
issued. but they were afterwards made
80 by the act of March II, 1862.
UNITED STATES NOTES.
The principal issue of United States
paper money was officially called Uni
ted States notes. These Were the we'll