The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1898-12-01

lie recommends n repeal OF the law
requiring the use of the present form
of money order, In the interest OF
safety aud simplicity, and also author
ization for the use of a postal check
payable to bearer.
A detailed report of the operations
of the rural free delivery will be pre-
sented within few days. Congress
increased the appropriation for this
purpose from $50 0o0 to sl50,000, and
Mr.. Heath recommends, in view of the
success Of the extension of the service
and the satisfaction IL has given, that
an appropriation of $500. 900 be made
for rural free delivery during the next
fiscal year.
Report of the Director Of the Mint
Washington, Nov. 26. In his annual
report Mr.. George +. Roberts, direct.
or of the mint. says:
The most important events OF the fiscal year
In the world OF government finance have been
the consummation OF the long planned resump
tion OF specie payments by Russia in gold the
reorganization OF the monetary system of
Japan with gold as the standard. and the re-
fusal OF the government OF India to cooperate
with the government OF the United States and
France IN an effort to establish bimetallism by
International agreement
The gold coinage OF the world in 1897 was the
largest recorded, amounting in value to 49,
7l9, 3I2 against sl95, ,eg157 in 1894 OF the
former sum tl45. 622, 1874 was recoinage and ap-
proxlmately s29i. 097, lIs a net addition to the
stock OF gold coins The principal coinage
was by the United States, Great Britain
Russia, Germany. Austro- Hungary, France
and Japan The extraordinary coinage
OF the wear is accounted for by the
preparations OF Russia Austro- Hum
gary and Japan for their monetary re-
form. In the case OF Russia particularly, gold
which has been accumulating for years. much
OF IL in bars. was passed thu ough the mints to
prepare 1t for circulation The completion Of
Russia's plans Of monetary form and the OPEN
ing to the OF commerce OF her great gold
reserve Systematically gathered year by year
until II is the greatest single hoard of treasure
the world ever saw, is In Itself most notable
event.
Reviewing the efforts of the Wolcott
international bimetallic commission,
the director says that the sentiment
in favor of a bimetallic monetary
standard, supported by international
agreement, had found expression, not
only by the legislative bodies of France
and Germany. but of Great Britain,
and 1t had, therefore, seemed oppor-
tune that a conference should be had
with a view to ascertaining what con-
certed action might be agreed upon.
Mr.. Roberts adds:
Although the efforts OF the commission were
brought to an end by the refusal of the govern
ment of India to join the movement, the di-
rector considers the failure indirectly due to
growing feeling that the rapidly increasing
product OF gold has radically changed the situ-
alton from what It was ten years ago when the
cold ~ nod NaNtI A.
clining. 1t has changed to Indifference op-
position the attitude OF many who then feared
an appreciating standard but who are quite rs
much opposed to u adepreciating one
Great as was the worlds production OF gold
In 1897. amounting to the value of 237. b04 800
and exceeding that of 1896 by s34, s22. 500 1t is
judging by the returns already at hand certaiP
that the product OF 1898 will be still greater.