The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-08-19
FEAR SMALL COINS WILL CO
Why Maryland Farmers Are
for Free Silver Coinage.
NEED NOT BE FRIGHTENED
More Of 1t Has Been Sent Out from
the Mtnts Since 1879 Than In the
Entire History of the Country he
fore-sund Money VIII Keep II Up
II Expectations Are Fulfilled.

Maryland farmers have been seized by a
new phase or the free silver fever
They are now arguing that u Tree silver
Is defeated at tie Eolls this fall all the
fractional silver In the country viii he t.,,ue
away with. In its place will o Ire the ohI
fractional currency Of war times, and Ills
thes do not want. 80 prevalent has this
belief become in the southern part of the
state and that portion bordering on the
District OF Columbia that measures are
being taken by the State Republican CON-
mittee to meet it.
WHAT HAS BEEN DONE
AtRepubEcan headquarters the report was
met with smile and documents were
produced to show that the idea was un-
founded. TIE st. Louis platform expressly
states that the Republican party is IN favor
OF the existing money standard 1t does
Not want n change. 1t is the Democratic
party that is after the change and will
reduce the purchasing power or the frac-
tiOnal coin Just as il viii Of the dollar If
IL is successful in the November election.
since 1873 silver has been ,iemonetized
and IL is since that date that the most
silver has been coined in this country This
Prior 10 1853 there mad been coined in
half dollars. quarters, dimes. half dimes,
and cent pieces to the va.ue Of $16, ia :
964-5o. Since 1853 there has been coined in
the same denOminat Is, Si44 .94a-I1a.51
From 1862 TO 1876 no silver was coined at
all. so in the last twenty three years there
has been nearly double the aInolntof silver
coined into fractio nal money that there was
in tie first sixty-five years of the ex-
istance OF the government.
HOW COIN Is DIsTRIBCTED.
THIS coin can be secured al any time
upon the deposit OF ar equal sum Of United
States currency, or national hank notes, in
the Treasury. Assistant Treasury, or any
national bank depository. and the frac-
tonal coil will re sent by express at the
expense of the government when the
amount is more than 5000. On lie LIST of
uCust, this year, there was 10 circulation
subsidiary silver coin to the amount OF
S5J, G63 ,56l, about 81 cents per capita. In
1884 this coin to the value OF $19 ,555,21T
was coined, and In 1898 TO the value of
$16,532 ,594. Should TIE Republican party
be placed in control OF the government next
March this is the policy that would lie
past. Subsidiary coin would remain IN
circulation and the mints would turn out
from 6.nOo, 0OO.to 20.OO0.o6O year. So
the sound money men think the farmers
need not be frightened.
FRACTIONAL COINAGE.
The fractional money of n country plays
great part in it's economy. England has beca
on a gold basis since 1915 vet has all her
subsidiary money i'll silver cUja. She minis :
about half as much each yea as the United
States. Infive years this country has coined
silver in ten cent pieces TO exceed the v;lne
Of all the silver coined previous to 1873
Up tn June 80 OF this year the total value
OF silver coined into Subsidiary money was
as follows: Half dollars, 81 30 $50 ,3Os;
Columbian half dollars. So Sol .0l2. 80:
quarters, S51 1876. 166.75; Columbian
quarters. SIO.IGO.O85.75: ten-cent pieces,
s2s 1904, 800 so: five-cent pieces. ST.
$50 .2l9.40, and three cent pieces. 81 ,2s2,-
Os7 20. The largest part OF all this.
vastly the largest, has been coined since
the decentralization OF silver in 1873.