The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-23
As Published by the Treasury
Department
FOR USE ~ THE CAMPAIGN.
Correct Statistics Prepared for the Use
81 All Parties I'm Currency
Discussions.

The Minneapolis Journal has prepared
the following synopsis Of the circular ~
sued by 10. treasury department q " ASH
tngfon City as tire most convenient ana
OF questions sent from all parts OF the
country:
Coins and Paper Currency.
There are ten different kinds OF MONEY
IN circulation fl the United states. name
~: Gold coin. standard silver doliaFss
subsidiary silver, gold certificates. stisef
certificates. treasury notes ISSUED under
ehe act OF July Il. 1896 United States
notes salao called grcenbarks ard iegal
fepderr), national bank notes. ana nicSes
and bronze coins These forms or money
are all available as circulation. WINE
they do not ALI possess the fnll ga tsb-
Der quality. each kind has suco attributes
- to give 1T currency. TIE Status %
each kind IL as follows:
Gold coin is legal tender AT rs nominal
o. face value for all debts. pubic ana PIT
vafe when not below the sfandHrd weight
and limit OF tolerance prescribed BY law.
and when below such standard weight
and limit Of tolerance i 10 legai tenaef IN
proportion 90 Ifs weight
Standard silver dollars are legal tender
~ their nominal or face value Ia payment
Of all debts. public and private. without
rerard 20 the amount. except where oth-
erwise expressly stipulated IN the con
tract
subsidiary silver is legal tender for
amounts not exceeding ten aotiaIs III any
one payment
Treasury notes Of the aet Of July II.
1850 are legal tender for ali debts. public
and private. except where otherwise en-
pressly stipulated tn the contract
United States notes are legal tender TOT
All debts. public and private. except duties
on Imports and interest on the public debt.
Gold certificates. silver certificates and
national bank notes are not legal tender
hut both classes Of certificates are re-
eeivable for all public dues, wisile ma
tionai bank notes are receivable Tor All
public dues except duties on imports,
and may be paid out by the government
for all salaries and other debts and de-
mands owing by the United states TO
individually corporations and associations
within the United States, except interest
on the public debt. and in redemption o.
the national currency. All national nanks
are required by law to receive the notes
or other national banks at par.
The minor coins of nickel ana copper
are legal tender TO the extent OF % cents.
Gold Coins.
The oolnare of legal tender gold was
authorized BIZ the first coinage act passed
by congress April :. iIsz
The gold unit of value IL the dollar,
which contains 1ss grains OF standard
aoid 800 fine Gold IL now coined In de-
nominations of s2.Jo. s., $40 aud 80. called
respectively quarter eagles, nnit eagles,
eagles and double eagles.
The total coinage OF gold by the mints
~ the United States from 1732 90 june ~.
9x9s ts 81 si4 de2 aa2 OF which IL IL esti-
mated that 80. a3l. So In stiil In existence
as colin In the United States. while the
remainder. S. 24s. 40. 40, has been exported
or consumed IN the me arts The gola
bullion now In the United States amounts
20 $sa 2ss. sss IL win he seen tfai mere
than two-ihirds of the gold coins strucs
a the minis of the United States nave
disappeared from circulation.
silver Coins.
4he si,ver unit Is the dollar. which con-
PAINS 4igsz grains of standard SILVER, wv
nne. The amount Of fine silver In the
dollar is s7fA grains. and there are Al,a
grains Of copper alloy. The standard Sill
yer dollar was first authorized D. Inc aet
Of April .. i7as It's weight was 4ls grains.
aae fine The total amount coined froR
17a2 10 1873 was g. 0s1. rs. and the amount
Gained from 1878 to June 30 1896, was sssns-
no nsi The coinage ratio between gold
and silver under the act Of fiss MAS ls 70
1. hut by the act Of 1857 Il was changed
20 rs.ass to J commonly called 70 To -
This II The present ratio.
or The $3.50. 100 OF standard silver dollars
coined sinea February. ISIS, there we're
held In the treasury June -, 1870, sS's'-
6s4n4g and the amount outside the treas
urx.~was So ts5. sN Silver cerVhcatas 70
che &nount OF So. 6is.ssA have been issued
against the amount OF the standard sill
xer dollars held in the treasury. The
sn,mnr,,taf xsltta Of an ounce OF inc all
vrr. June 90 1884, was s0sss4. and the
~onmerelai value az the silver IN the sg-
yer dollar on that date Vas sA@ cents.
pau.,r Money.
sres arst naper money ever issued BY
xhe government az the United States Was
authorized By the acts Of July II and
August S, 1851 The notes isSued we're
called demand notes" because they were
navajo on demand ateerialn DESIGNATED
suh~tressaries. They We're FeeesNaoie LOT
an ni,hilc dues anil the secretary VAS
suthorlzes To reissue them when received
Nat tha time william whfCh such Reissues
naisht De made was limited 20 December
=. 1856.
The amount authorized by these acts
was $saoo0 COZ An additional Issue of Sic.-
No0 600 was authorized rs. the art of Feb
rnarv L. iSsa. aud thefe were reissues
amounting 70 So t.sA Tae demand mates
were paid in gold when presented Ter re-
aenansian ard they Nure resolved for al
ruhst- dues, ard these two qualities pre-
vented their depreciation.
Al ether United States notes were de-
rreciatea ia vslae from iNz unil the re-
sunntiou 81 specie aytgsenfs. The act %
rehrt,ary - isea provided FOR the suasti-
tntlon of United States notes ia place of
the demand nofes. and they We're, there
gore s.afssalef when received, t}y IH8s 4.
,ses. All except xssGo 90 haa been retired,
ana nearly sS0aea af this small remain
der Nas caueeled aHglas lac next h~-al
year. These nates we've n3s legal tender
When arsf Issued. hnl thcN pere after
~e.r8s male 40 hv che aef ~ Mach l.
rSss.
United states Notes,
The rrsaelnal issue - tnlie8 states
raner nsassvy MAS oficla,iS called Uute8
stesaS notes. Thcae We're tAe we& kaoNu
.s1reenhaeks~ ~ '9sgsl tsadeys The
a. 81 February =. fSSs, sgtAaEaGe3 the
sssee - sisa esetso. ef Witch So 49, ota were
IN llsa 81 an equal amount ~ demand
rofex ans could lse sSsle3 csiy as tae ae~
ssAna nases verc eaneeisa- seceai issue
81 So sss1sso was authorized hy gha act
az safy IT, $50. ~ Nhieh. hawsKcr. Sn-
caAtsaa VAS se BE a temporary issta fog
fhs redemption - deht kneWn 8s tie
tensnararv loan. A fhie3 isetse eg sisa-
No. 81 was authorized ~ the aet - Msfch
=. fs6s. The tasal aHaouas authorized. in-
einsi@x the temporary isst1e. vas $tsa
ssaa aaa ara the ngaesf Asncant cu1s.sat-
8ne az any traa was z&ia -. @@ on January
81 fSsA TlsaTe are stiA e0tetanains sie3'
~ e1A
a.ha reduction fro-n the original peFus-
neat sseae 90 SsaeosA 50 Wtfsssiels was
caused IS fsilews- The aet - ApEtl =.
so pfavs8sA that Gnfges States notes
snsshg - retrea 60 fAe extent og staiss ~
ssskffnx the 4asHiag SIX 1sautlga. ana tHat
Thereafter trey might ~ retired AZ tAe
gate ~ nos more shsn sfasai - per uacn p
Thss authority rTw88ne4 lu faFce ung1 it
x-S~ Susnaa sd by Use acl ek fraaFnsry T.
a sss efass